My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Wealth building is a learnable skill
Evidence
Wealthy people would become wealthy again even with equal redistribution of money
Implication
Anyone can learn wealth-building skills regardless of current financial position
Counter Belief
Wealth is primarily about luck, connections, or initial advantages
Example Application
Investing time in learning investment principles and business skills rather than just hoping for lucky breaks
Related Knowledge
Asymmetric Risk/Reward
Seek opportunities where you can lose small amounts but win large amounts, or where you have information others lack
Two Millimeter Shifts
Small adjustments in approach that create massive changes in outcomes, like a golf club being 2mm off causing the ball t
Play/Work Overlap Framework
Finding activities that feel like play to you but appear as work to others, creating a sustainable competitive advantage
Fat Pitch Strategy
Waiting for high-probability, high-reward opportunities rather than swinging at every chance that comes along
Get informal mentorship from successful people
Person regularly responds to your questions and you have ongoing informal advisory relationship
You can do anything but you just can't do everything
Having unlimited potential doesn't mean you should pursue unlimited opportunities simultaneously