A distillation of what @naval said on Clubhouse last night:

What you call chaos I call spontaneity.

A regimented life is like a heartbeat that's non-chaotic; it's a system that’s too ordered. It doesn't have any life to it. And real life has lots of ups and downs, some of them very extreme.

I over-plan, but planning is pretty useless. What tends to dominant life are a small number of Black Swan events in both directions, positive and negative.

Expose yourself to asymmetric upside and lots of good options: things that can become massively important for you.

And you want to avoid the asymmetric downside: anything that can end the game, whether it's through financial ruin, or reputational ruin, or physical ruin.

That requires a certain amount of chaos and spontaneity.

If nothing else, 2020 taught the power of optionality.

We think about planning as linear and controlled, but that's not how the world around us works anymore.

The world is dominated by nonlinearities, so understanding options value is far more important.

1/21
Good books are a smooth read.
The great ones aren't.

Why so? 🤔

They force you to pause,to reflect & think hard.
They make you question yourself.

Sharing few of my takeaways from one such exceptional book of 2021.

Thank you @naval & @EricJorgenson for this ! :))

A 🧵

2/21
🔹Productize Yourself

Meaning,
Leverage specific knowledge -> Scale it -> Get wealthy.

Takes decades as one needs time to figure out what they can UNIQUELY provide.

But FIND & BUILD SPECIFIC KNOWLEDGE for it can't be taught & can only be learnt.

More here
👇

3/21
"The best jobs are neither decreed or degreed.They are creative expressions of continuous learners in free markets."

Be a perpetual learner.
Know HOW to learn.

Foundations are the key.
They help learn HOW & HOW MUCH.
Club this with Authenticity to create something unique.

4/21
🔹Play long term games with long term people

🔹99% effort is wasted.
However they are not a waste.
These are merely learning experiences that delve deep into our psyche & become a piece of what we currently are.

Same goes for the books we read, the activities we pursue!

5/21
"If you don't own a piece of business, you don't have a path towards Financial Freedom."

Ownership matters. Put that money to work sensibly. Let it compound too.

"Forget rich vs poor, white collar vs blue.
It is now Leveraged vs Un-leveraged."

Elaborated here
👇

A distillation of what @naval, @shl, and @benthompson said about the creator economy on Clubhouse this weekend:

Naval: To be a good creator, you have to be creative, and being creative means constantly creating things.

You’re not just creating something; creativity is who you are and what you do. You're always creating things in your domain. Nonstop. Constantly.

Naval: There's a tinkering mentality that can keep you ahead of the curve.

Most successful creators are tinkerers. They just play at the edges of their field on something that’s interesting to them, but they don’t do it with a strong motive. They’re genuinely interested.

Naval: When kids are playing, most of that time is “wasted.”

But once in a while, it will result in something that might be a hobby. And for an adult, it might be a vocation.

Naval: Everyone's curious about something.

Sometimes it gets drilled out of you, but humans are creative. Nobody wants to sit there and do nothing all day (that gets boring). A big part of success is finding your natural self-directed curiosity and following it.