My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“you're a penny stock but they see you as a blue chip”
What It Means
Someone with low current evidence but high potential being seen by others as having great future value
Why It Matters
Captures the essence of how believers see potential before it's proven
When It's True
When someone has genuine talent or drive but lacks confidence or evidence
When It's Risky
When the believer is wrong about potential or when false belief leads to overconfidence
How to Apply
Look for penny stock people with blue chip potential
Be willing to invest belief before evidence
Recognize your own blue chip potential even when you feel like a penny stock
Example Scenario
“A recent graduate with creative ideas but no track record connects with an experienced entrepreneur who sees their potential and invests time in believing in them”
Related Knowledge
Penny Stock to Blue Chip Framework
A framework where someone with high potential but low current evidence (penny stock) receives belief from someone who se
Become someone who effectively believes in and supports others' potential
You help accelerate others' success by providing genuine belief and confidence at crucial moments in their journey
Identify and connect with people who will believe in your potential before you have evidence
You find 1-3 people who genuinely believe in your potential and provide the confidence boost needed to take meaningful a
Identity-Based Action Model
When someone gives you a positive identity label, you unconsciously act in ways that confirm that identity, creating a s
False belief can be as effective as accurate belief in driving success
Focus on finding and giving genuine enthusiasm rather than perfectly accurate assessments
they have the highest bias for action of anyone I've met
Giving someone a specific positive identity label that shapes how they see themselves and act