My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Fat Pitch Strategy
Waiting for high-probability, high-reward opportunities rather than swinging at every chance that comes along
How It Works
Like Ted Williams mapping the strike zone, you identify your zone of competence and only act when opportunities fall within your sweet spot
Components
Develop expertise in a specific domain first
Map your 'strike zone' of competence and opportunity types
Pass on marginal opportunities that don't fit criteria
When fat pitch appears, swing hard with maximum intensity
When to Use
After developing expertise and pattern recognition, when you have patience and resources to wait
When Not to Use
Early in career when you need experience, in survival mode requiring immediate action
Anti-Patterns to Avoid
Example
“Warren Buffett missing the entire internet boom but still becoming wealthy by focusing only on companies he deeply understood like Coca-Cola”
Related Knowledge
Get informal mentorship from successful people
Person regularly responds to your questions and you have ongoing informal advisory relationship
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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
Asymmetric Risk/Reward
Seek opportunities where you can lose small amounts but win large amounts, or where you have information others lack
Wealth building is a learnable skill
Anyone can learn wealth-building skills regardless of current financial position