1/ You create value when you fulfill the unmet desires of people better than the alternatives they have (from competitors).
2/ The idea that capitalism rewards things that are rare and valuable was proposed by @ScottAdamsSays in his essay on career advice where he recommended readers to master various skills until no one else has the mix that you have.
A great example of building something that's rare and valuable is Facebook. Read about it in the full chapter here: invertedpassion.com/capitalism-rew…
4/ A fatal but common mistake that entrepreneurs make is misjudging what makes something valuable.
Many entrepreneurs start companies around their own passions and desires, but not many share their passion.
5/ Entrepreneurs are an odd bunch, what excites them isn't representative of the wider public
If you don’t understand what's valuable to others, you'll end up building products and services that nobody needs
6/ However, even if you end up correctly identifying a broadly shared desire or frustration, another costly mistake is to ignore how such desires or frustrations are currently being serviced.
(Why would customers switch from the tried and tested options to you, the unknown one?)
7/ Hence, value creation requires identifying what specific desires of people others haven’t yet figured out.
Effective technique for not getting involved with thoughts and emotions.
Correction: it’s acceptance commitment therapy.
By the way, not fusing with thoughts and emotions is the core of mindfulness and is pretty powerful.
Thoughts and emotions that bubble up to your consciousness is mostly clickbait - they got selected precisely because they’re exaggeration’s fabricated to make you pay attention.
The best guidelines for any forum/network I've seen is that from Hacker News.
And the wonderful thing is that these guidelines actually work - Hacker News is the most inspiring and thoughtful forum out there.
Other networks like Twitter can learn a thing or two from it.
Sidenote: the massive work of moderating this long list of guidelines is done by ONE person.
Though increasingly we can have LLMs (like ChatGPT) interpret such guidelines and try to provide feedback to people before they make low-effort, clickbaity, rage-inducing comments.
The guidelines are worth reading in full and internalizing if you want to be a more thoughtful communicator.
• For the non-creator, it appears that the world is falling apart as they see extreme, hot takes all around them as nuanced, well-balanced content is seldom promoted by the algorithm