Money is made in containers. Price is not value, and there is no reliable hierarchy of skills and knowledge that are more valuable than others. Supply and demand adapts, adjusts, and accommodates. We wouldn’t want a pure meritocracy in a world with 7.5 billion people because there is always someone better. If you are fond of deciding if other people are good enough, be wary of mirrors. Problems don’t always, or normally, get solved by the best problem solver. The essential tools beyond the obvious problem-identification and problem-solving ability are Capital and a Container. Capital allows you to still the financial noise. It ensures you are available to solve problems, whatever they are. Capital builds endurance and resilience. A Container is the way you get paid. It is the friction that gives shape and form to what you do. The barriers to entry and stakeholders in the wider environment. The problem is just one element. As important to understand are the regulators, competitors, substitutes, suppliers, and customers. Understand the container you are in, to build the one you want to be in.
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