BC LIFE
Saved by @zmbnski

1/ Some initial thoughts on personal moats:

Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.

Characteristics of a personal moat below:

 2/ Like a company moat, you want to build career capital while you sleep.

As Andrew Chen noted: https://t.co/GClupyMUO6
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than others):

https://t.co/SgrfSnriHr
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.

In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
6/ Some examples of personal moats:

https://t.co/z4wTRxMYWL
7/ Litmus test: If there is a Quora post with step by step instructions on how to do something, or if a lot of people have done it, then it’s likely not a durable personal moat.

If there’s a playbook for it, then how defensible is it?

(Unless you're the world's best at it.)
8/ Think of the moats described earlier:

How do you invest in 10+ unicorns like @eladgil?

How do you build a mega captive audience like @tferriss?

How do you become an encyclopedia like @tylercowen?

No playbook.
9/ How do you find out what could be your personal moat?

Ask others: What’s something that’s easy for you to do but hard for others?

AND very difficult for people to reverse engineer?
10/ Something that has high barriers to entry (e.g need to do 1 of below):

- Have the right relationships
- Be willing to risk social disapproval
- Get good at something w/ no playbook.
- Pick something that isn’t big now, but it will be in the future

https://t.co/ZTdTyqMKHh
11/ What is some tangible, yet wildly generalized, advice?

A) Discover what you can be great at. Align it w/ what could be important in the future.

B) Get so good they can’t ignore you.

C) Leverage super power to build other assets, but not too soon:

https://t.co/vFUBBJhsiN
12/ In tech, the cleanest (albeit, hardest) way to build a personal moat is to start a successful company.

There are other ways, but they just take longer.

A future tweet storm will be on how to build career capital without doing so.
13/ All thoughts, questions, and other examples of personal moats are appreciated.

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Sweetie I wanna remind you that every Good sex😍 is based on mutual respect and love❤, so make sure that the guy you’re fucking is worthy of you.

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Thread: A personal episode from the past that I feel is very relevant to be shared today, especially for parents of young girls.

I was 18, when my first cousin morphed my face with that of a male school friend in extremely compromising position.

Very believable for anyone without knowledge of tech.

I was devastated. This was a brother I looked upto. This was the brother I had given my laptop to so he could apply for jobs. And on the same laptop, he made those photographs of me, his younger sister.

Why did he do that? He was kicked out of his house by his family after he married a girl w/o their consent. He was homeless, so my parents let him stay with us till my his family cools down & accepts them back. After 6 months, he felt threatened he'd be asked to leave our place.

So one day, he confronts my parents, infront of me, with those pictures and shows those photographs, with clear terms - pay him & his wife a fixed amount every month, let them stay at our home or he would leak those pictures everywhere.

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I am called an elitist because I believe there's a difference between literary art and plain fiction. I believe some books are more worthy of your attention than others. Lots of books are like junk food: pleasurable but not nourishing.

My podcast is dedicated to the idea that great books are for everyone and everyone deserves a chance to learn to enjoy them. This is not an elitist enterprise. It does, however, suppose that some books are truly worthy of your attention and that I have some capacity to judge.

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Your Most PRECIOUS Currencies:

-Energy

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-Attention

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-Loyalty

-Respect

Only give these currencies to high value people. Never spend these currencies on low value shitheads eg: trolls, weasels, snakes, naysayers etc.

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Making the dollars your most important currency will have you leading an empty life.

Time to flip your perspective.

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▪Energy

When you strip yourself to the core, you are an emotional creature.

Emotions are your internal worlds energy.

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You have a finite amount everyday, so spend it wisely.

▪Time

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▪Attention

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