Be wary of averages and extremes. When making decisions about a path to go on, it is important to “think in distributions” and to think about what is not there. The range of outcomes, and what happens if it does not work out. The past (especially long histories) is incredibly helpful. Including similar histories, with slightly different contexts. Same, but different. There but for the grace of. The starting point for wealth creation is an income. A source. Researching how others have done it is key, but make sure you do not just look at the ones who have done well. Especially if you are the product. If someone is teaching you to make money like they did, but in reality they are making money by teaching you… that is just a Ponzi Scheme. Layers of teachers teaching teachers to teach teachers till all the teachers are taught. Talk to people doing what you want to do about the challenges. Lots of people. Not just the ones you are paying. Talk to the bitter and twisted. Do not take their word as the truth, but be aware. How can it go wrong? How can it go right? Build the capacity to cope with plot twists.
No comments:
Post a Comment