How I think about my career and my own personal "moat,"https://www.mercatus.org/commentary/my-personal-moonshot …
Lol, I’m fairly confident I’m at the bottom of the output stack in that comparison by an order of magnitude. Indie consulting as a baseload activity is both lower leverage and lower effort than being an academic faculty or investing. And therefore lower returns too of course.
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Okay but I'm thinking more about the connection you're making with an audience that wouldn't have existed before blogs and Twitter, etc.
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You can't think of that in isolation without considering backend. Note that a trad faculty job is still Tyler's base. It is still too hard to live purely by audience power. Jordan Peterson is an example (via Patreon) of youtube hedge paying off under institutional risk scenario.
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That seems to me to be a key benefit of the strategy. The Internet provides the scale for beaconing to work within a lifetime. Before the Internet, our best bet was to publish books and hope enough people read them before we died to find out whether we were seeing something.
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I'm more radically Internet-ized than most, but I don't think effects are as radical as Tyler says. Radical only if you use mass audiences to directly live off. Most people have always lived off narrower networks. Cf: "republic of letters" idea http://republicofletters.stanford.edu/
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