h/t @nivi for surfacing this from the @pmarca archive:
https://pmarchive.com/luck_and_the_entrepreneur.html …
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Maximize optionality, and work to identify promising options
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"Creating optionality and buying lottery tickets are not way stations on the road to pursuing your dreamy outcomes. They are dangerous diversions that will change you" By emphasizing optionality, students ignore the most important life lesson from finance: the pursuit of alpha
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How to get lucky and create opportunities all the time: Maximise opportunity creation = More luck To generate opportunities: 1 Spread many seeds 2 Tend to them 3 Be ready to jump on opportunity 4 Stay fit to be able to jump 5 Be likeable More here:https://mobile.twitter.com/aionmediaco/status/1089936089253462017 …
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Find out where the dice is. Find ways to keep rolling the dice. Your number will be bound to show up.
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Your luck in life is a combination of how good you and how many people know.pic.twitter.com/6Z9rAlPFsB
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Network + Capabilities
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For last one: you need to also try be radically public. Luck is like lightning. It can strike anywhere, but you have better chances if you are higher up and more exposed.
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Kinda disagree. There are people with different purpose. Social media serves well for people who needs it, but not everyone needs it. If success or luck is based on your social media followers, you know you haven’t done enough work.
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This is true but I don’t believe he meant it in that sense. When I was young and jobless I asked everyone I knew for an opportunity until I stumbled on one. Publicity in the form of not being afraid to ask the world for what you want.
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If the baby doesn’t cry it won’t get mother’s milk. - Colombian idiom
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Make your own luck: Do things that are low cost but have big upside—it's like writing options through your productive work. You can do this through something as simple as blogging. Expose yourself to stochastic upside. ...And as
@nntaleb says, go to parties.Thanks. Twitter will use this to make your timeline better. UndoUndo
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What may seem like luck is usually the result of effort.
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The first steps of the journey towards luck: - Discover, grow and advertise what you are passionate about. - Detect who is truly interested by you. - Be interested by who is interested by you.
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The first three correspond to the Gita: bhakti marg (the way of faith), karma marg (the way of action), and gyaan marg (the way of knowledge)
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You have to be good to be lucky. Luck wants you to do 80% of effort first to pick you up.
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Take Calculated Risks with eyes wide open and an open mind about the trajectory things will take.
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Whats the last risk you took?
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Good question. I take small risks like sending controversial tweets frequently including this morning. Have recently taken medium-sized risks like having the courage to “ask”. Larger recent risks like attempting to build entrepreneurial ventures and investing also come to mind
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There ya go! You the man. What was the contravetcial tweet you sent?
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Just scroll down my timeline or
@paranoidbull (my blog turned twitter account). :-) -
Hmm nothing set me off.
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Excellent! Good to hear. Maybe I should take more Risk :-).
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Do it!!
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