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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr 21 Apr 2019
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      Struck me that we don’t sufficiently distinguish between 2 kinds of risks: 1. Risk of failure 2. Risk of victory that is only revealed to be pyrrhic in hindsight when true costs are revealed Most of the risk for reasonably talented and competent people is type 2.

      12 replies 45 retweets 226 likes
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    2. Venkatesh Rao‏ @vgr 21 Apr 2019
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      Nothing worth doing presents a price estimate up front. All you can know is whether you can afford the price of irrevocable commitment. After that it’s do X or bust. Changing your mind or quitting beyond the point of true cost legibility is almost as costly as pushing through.

      2 replies 4 retweets 33 likes
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    3. Venkatesh Rao‏ @vgr 21 Apr 2019
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      Many successes we end up living with are the result of thinking at some point: I’ve already paid 99% of a sunk cost and I’d rather have something rather than nothing to show for it by paying the last 1% even if it isn’t truly worth it

      1 reply 0 retweets 27 likes
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    4. Venkatesh Rao‏ @vgr 21 Apr 2019
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      Every significant success is explicitly chosen at the final moment. This last step involves trivial skill and marginal effort. It is merely the decision to actually accept the prize and therefore commit to living with the success. The cost has been incurred but still illegible.

      1 reply 0 retweets 29 likes
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    5. Venkatesh Rao‏ @vgr 21 Apr 2019
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      Chances are you won’t know whether the prize was worth the price until you’ve lived with the success for long enough for both to be integrated into your identity and you become the fully transformed product of both the effort and reward. You are a series of price+prize deltas.

      2 replies 2 retweets 55 likes
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      Venkatesh Rao‏ @vgr 21 Apr 2019
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      Big life level-ups: graduations, marriages, parenthood, home ownership, boat ownership all seem to be of this type. You’ll either love or hate the growth delta based on whether prize-price is revealed in retrospect to be negative or positive, once it’s in your bones.

      10:13 AM - 21 Apr 2019
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      • Atcha Villa-tight Priya Rahul Ramchandani Aneri Shah Nimayi El champo wenjimi
      4 replies 0 retweets 39 likes
        1. New conversation
        2. Savil Srivastava‏ @savils 21 Apr 2019
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          Replying to @vgr

          home and boat ownership seem dubious IMO then again, have never experienced either so what do i know :)

          1 reply 0 retweets 0 likes
        3. Venkatesh Rao‏ @vgr 21 Apr 2019
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          Replying to @savils

          Me neither but going by second hand reports

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Brian Patrick Eha  🗯‏Verified account @brianeha 21 Apr 2019
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          Replying to @vgr

          Other major undertakings of this type: changing cities or countries, writing a book (don't I know it) or making a film... There comes a moment, or can, when you know the victory is likely to be pyrrhic but you're so invested that coming away with nothing at all is inconceivable.

          0 replies 0 retweets 0 likes
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        2. Varun Adibhatla‏ @vr00n 21 Apr 2019
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          The mental hedge for living with pyrrhic price-prize delta experience is convincing yourself that key lessons were learnt during the journey that give you wisdom dividends.

          1 reply 0 retweets 0 likes
        3. Varun Adibhatla‏ @vr00n 21 Apr 2019
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          Replying to @vr00n @vgr

          You can either be content with post pyrrhic wisdom dividends and use it for increasing social capital (mentor) or validate wisdom in the marketplace (VC). There's a third post pyrrhic outcome that's playing out with JeffSkilling /LizHolmes. https://www.wsj.com/articles/ex-enron-ceo-skilling-plots-second-act-11553282732 …

          1 reply 0 retweets 0 likes
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        1. snaggly‏ @snaggly 21 Apr 2019
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          Owning a house is a big one, the fucking chores never end! Also owning a rental property or building a good retirement plan

          0 replies 0 retweets 0 likes
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