“I would love to be paid purely for my judgement, not for any work. I want a robot, capital, or computer to do the work, but I want to be paid for my judgement.” – Naval Ravikant
Relate with infinite leverage memos and notes—that there is no infinite leverage, that growth has its limits (e.g., see 1-2g2s7b3 An explanation for how something really works cannot rely on infinity)TODO
Henry Ford built his wealth via mass-production.
Milan became the fashion capital of Italy due to its production capacity, in contrast to Florence whose focus was on handmade items.
Next:
Related:
- 2-1a6 ‘Incentives’ - Incentives drive (almost) everything. Understand your incentives.
- 2-1b2b1a Get your incentives right from the beginning
- 2-3b ‘Leverage’ - The effort put in and its utility-results doesn’t have to correlate at all. Use this to your advantage.
- 5-1b1b2b Don’t try to be the best. Be the only.
- 5-1b1a8d Knowledge doesn’t automatically make us wise—the most learned are not the wisest (or the richest)
- 7-1a5 Startups work on technology because great ideas made viable by newest tech (itself a new technology) is the best source of rapid change and growth
- AN3C - A restaurant can afford to serve the occasional burnt dinners. In tech, you cook one thing and that’s what everyone eats.