I’ve talked a lot in the past about how difficult yet vital it is to develop a positive growth mindset. At this point, I’m still not sure of a sure-fire way of developing one; but I’ve thought enough to think of three quick tips that might help anyone who’s interested in trying.
We talk a lot about both diversification and diversity, yet describe them as if they’re fundamentally different concepts. However, I don’t think the diversification we might talk about over investing is all too different from the diversity we talk about in the corporate field. Both come with the same major advantage; an advantage that follows around the fact that you can’t do it all alone.
A couple of blog posts ago, I discussed one of my primary tenets: making things 1% better every day. In this post, I’m going to drive home the key ingredient to this tenet: compound interest.
Life is a hard thing to deal with. There’s a lot of moving parts, variables, and decisions to make. All of these create small outcomes that eventually level to your life’s path. Because of this, it’s hard to determine a method of finding the best way forward. Fortunately, we’ve already created many simulations on life; simulations called games. This post is dedicated to delving into some of the strategies gaming uses which can be applied to real life.
For the longest time, I never really understood why out of all of the Bible stories, you’re taught “The Book of Job” the most in English classes. It really didn’t seem any more special than any of the other stories from the book, and yet I must have been taught it at least three times throughout high school and college. It could have been that my teachers were just not that good, but we always only followed the literary theory behind the story rather than the meaning of the story itself. However, I’ve sort of stumbled upon a revelation recently that there is, in fact, a very good nontheistic moral to come out of The Book of Job. And I wanted to dedicate this blogpost to discuss what I’ve found out.
I’ve talked about two of my major three tenants in detail before on this blog: making things 1% better and the world moves toward convenience. And yet, while I’ve hinted at it, I’ve never quite dived in to the third one too much: that of the ubermensch concept. I think it’s about time I put the nail in this one as well.
Luck is a hard, complex thing. No successful person has ever (truthfully) said their success was all based around skill; there is always a wide amount of chance in every major victory. And yet, it’s hard to genuinely define this aspect – calling luck simply a factor of chance raises all sorts of complicated problems. What’s the “probability” of success? Is it the same as a flip of a coin? Can we statistically define luck? Is the probability of being “lucky” in starting a business really equivalent to the number of companies that last more than 5 years? More than 10 years? What about a heavily cited research paper? Or having a successful album release?
Of course, barely anyone truly believes that luck is purely a derivation of chance. And yet, I believe the fact that this is embroiled into the mindset of many people is precisely because of an improper definition of what luck truly is. The best definition of luck I’ve ever heard is that it is “created” with the help of two broad categories: consistency and opportunity. Opportunity itself is of many moving parts, and is responsible for most of the complexity of luck – things like current status, geography, education, network, etc. These pieces are mostly outside the scope of this article (though may be covered in detail in a later segment), so instead what I want to focus on is this first piece, consistency. Consistency, when executed properly, brings opportunity. The thing is that consistency isn’t quite an easy task in itself; it takes more than a bit of operation. High-quality consistency requires exorbitant amounts of patience, proper long-term goal planning, and many, many extensions from the comfort zone. It also requires you to be able to tell if what you’re being consistent in is really worth you being consistent in it. Do you have the skill required for competitive advantage? Are you genuinely passionate about what you are doing? I feel as though all these questions, all these aspects, make up what luck really is. When people say luck, in reality, they’re giving a simple, generalized term for a variety of complex factors that are often hard to pinpoint. That being said, you’ll always find luck in opportunity, and you’ll always find opportunity inconsistency. Luck might feel like a hard thing to get, but remember; you only have to hit the home run once. And besides, if everyone was lucky, would any of it really matter?
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