You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
I'm retweeting this even though I don't quite agree with it. People have varying levels of energy, and problems varying levels of difficulty. But though not constant, the energy required to solve problems probably does grow less than linearly with their value.https://twitter.com/bscholl/status/1319034076238540800 …
The conclusion he's leading to, that very hard problems are bargains, is almost certainly true, and would be true even if effort did grow linearly with value, because people are so afraid of hard problems that few undertake them. They are thus like undervalued stocks.
I would extend this to problems that even appear to be or are rumored to be hard, on much the same thesis. People aren't just blind to schleps they are also blind to things that appear to be schlepful. (Peanut gallery: c.f. http://www.paulgraham.com/schlep.html )
What’s an example of a thing that appears to be schlepful?
Hard work and ambition to both approaches being equal, and acknowledging a fair bit of overlap, is it easier to tackle a regulatory hard problem (Uber, AirBnB) or a technical hard problem (Tesla)?
They are like undervalued stocks that require you to borrow a shit-ton in order to buy them. You are more likely to die trying on a very-hard, than on something less than vary-hard.
counterpoint: Getting to the moon is hard but more-or-less useless.
Counterpoint: There is a universe of small ideas that can create a life-changing amount of wealth for 99% of people—and they can be built in a period where you still have time to enjoy that wealth. Unless you’re already wealthy, pursuing big ideas is analogous to religion.
I have never seen this in practice, except in retrospect figuring out what the small ideas were. I came to the valley with the explicit goal of making $1m personally asap. Turns out no employees, investors & acquirers wanna join. Way to make $1m is by selling a risky $1b early.
I tend to agree though it is a bit of a simplification. Being aware of what is a hard problem worth solving is not that trivial. Like one of our investor says - "Common sense is not that common..."
What is neglected is that humans are of differing aptitudes and the hard problems may be beyond many regardless of their energy level. So to use your anology, the hard problems are undervalued (imo) as few can solve them, just as much as few undertake trying.
The greatest value gaps can be found in the most unattractive industries, so a multiplier might be appropriate. A moderate problem in an unsexy industry often has more value to capture than a very hard problem that is in the spotlight.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
