THREAD:

Entrepreneurship:
Which entrepreneurs fail, and which entrepreneurs succeed, is *NOT* random.

If it was, every angel investor and venture capital firm would be out of business.
If you are an entrepreneur with the following traits, the overwhelming probability is you will SUCCEED:
-High IQ
-High Energy
-Expertise, you have a deep understanding of the industry you are entering and the business model you are trying to create
-Capital, you have sufficient capital to get the business off the ground
If you are an entrepreneur with the following traits, the overwhelming probability is you will FAIL:
-Average or Low IQ, you frankly aren't that smart
-Average or Low Energy, you can't sustain the effort needed to work long hours
-Expertise, you don't have real expertise regarding the business model you are creating
-Capital, you lack the capital needed to create the biz
There will always be some luck (randomness) affecting which entrepreneurs succeed and which fail, but, it's not nearly as random as rolling dice.
"If I want to get rich (top 0.1% of income distribution), what path gives the highest probability of this happening?"

Entrepreneurship: Create a business and have it be successful.
"What type of business should I create?"

Create a business in an industry niche where you have REAL EXPERTISE; you actually know what you are doing.

Literally every industry on the planet is lucrative, if you are VERY GOOD (top 10%) at what you do.
Restaurants are the oldest business model on the planet.

To this day, there are still young men who get rich in this industry; create a restaurant in the top 10% for the city you live in and you will be rich.
Law 23 Addendum:

Be top 1% in any industry/profession, and you will be rich.

In most industries/professions, top 10% is good enough to make you rich (throw you into the top 0.1% of the income distribution for the general population).
In industries/professions with *extreme inequality* (a winner take all model), you will need to be top 1% to get rich.

Examples? Actors, Musicians, Artists, Writers, Athletes

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More from @CorporateMach

22 Nov
Mainstream Advice:

"Work hard and believe in yourself!"

"You can do anything!"
CM Advice:

If you want to make a significant amount of money (get to the top 10% of the income distribution/macro dominance hierarchy), a High IQ and High Energy Levels are minimum requirements.
Every lucrative profession requires an above average IQ and above average Energy (the ability to do rigorous work for long hours).

Entrepreneurship also requires these 2 things.
Read 6 tweets
22 Nov
There are many political pundits with large followers who *never articulate any clear policy positions*.

Their speech is vacuous; entirely devoid of any concrete facts, information, or opinions.

This is pathological.
Mike Cernovich is perhaps the most famous example of such a pundit.

If I am wrong about Cernovich (if he does in fact have clearly articulated policy positions), please do correct me.
Having listened to hours of Cernovich's videos, I have heard *zero* clearly articulated opinions, or pieces of concrete information.

I get the sense this is intentional.

He doesn't seem dumb.
Read 8 tweets
22 Nov
The only financier who was given prison time after the 2008 crash was Bernie Madoff.
Why?

Because Madoff stole from rich people; his victims were in the top 1% of the income distribution.

The mortgage bankers originating bad loans primarily stole from poor people; people in the bottom 50% of the income distribution.
If you steal from poor people nothing bad happens to you.

If you steal from rich people, they will destroy you.
Read 4 tweets
22 Nov
Ideal intelligence level for making money and transcending most macro dominance hierarchies is an IQ in the range of 120 - 129

120-129: Smart and not socially awkward

130-139: Extremely Smart, somewhat socially awkward

140+: Genius, hopelessly socially awkward
Beyond a certain point, more IQ points is a *disadvantage* for making money or transcending a macro dominance hierarchy, because people who are too smart are socially awkward and this hinders their ability to charm people effectively.
An iconic example would be the fictional character 'Sheldon' from 'The Big Bang Theory'.

He has an IQ of 140+, and is hopelessly socially awkward.
Read 4 tweets
22 Nov
Life isn’t about what you get.

Life is about what you become. 

Better to die when you are still what you want to be, than to live and become something you do not want to be.
"They measure their esteem of each other by what each has, and not by what each is.

But a cultivated man becomes ashamed of his property, out of new respect for his nature."

-Ralph Waldo Emerson
“A man is to be judged by his virtue, not by his fortune.”

–Baltasar Gracian
Read 4 tweets
22 Nov
Euphemistic language is the means by which powerful people conceal their sins.
Power will give any man respectability, no matter how heinous his actions may be.
Men engage in evil to make money because they understand that a rich man is granted more respect than a good man.
Read 5 tweets

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