A really interesting thought, inspired by @levelsio :
Advantage in business is measured by the degree of difference between you and your surrounding environment. There’s a chemistry/biological term I’m forgetting for this; osmotic pressure, maybe?
Simple heuristic but works.
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Some people exist just to turn the wheel, others exist to steer it
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Yes, 80/20 Pareto
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(Term you’re looking for is just potential energy gradient.)
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I think I agree with what you’re saying but it’s a little imprecise. I like
@pmarca’s (well, James Austin’s) take on entrepreneurship and luck; where “Chance IV” literally favors distinctive *motor behaviors*. http://pmarchive.com/luck_and_the_entrepreneur.html … - 3 more replies
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You have to be an outlier to make outsized profits.
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This is correct. Your advantage is in the arbitrage.
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I always thought it was “square pigs, round holes”
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