Those who can communicate their thoughts clearly and precisely will forever have an unfair advantage over those who can't.
And it doesn't matter who is better at something, those who can communicate in words and in writing will always find it easier.
I'm sorry if it's unfair, but that the way of the world. The storyteller always win.
Everytime you say something in words or in writing, you are telling the world who you are.
Social media amplifies that.
A good communication skill and a dilligent work are two forces of nature that are unstoppable and would ultimately bring you before Kings.
And don't be small-minded. Communication skill has ramifications.
You are an employee, you need it to convince your employer. You are an employer you need it to attract the best talent.
You have a side hustle you need it to convince your customer. You are a customer, you need it to get the best deal.
You are a founder, you need it to convince investors, early employees, customers, regulators and more. Whatever you are, you need it.
You can neglect it though if you don't mind settling on whatever comes your way. But if you want to fight for what is yours and not just what's handed over to you, you have to develop this skill.
I have a newsletter that I send out to curious and intelligent people every week.
I send them the best of what wrote in the week the best of what I read from others.
Your experience, thoughts and observations on money, finance, investing, stocks and the likes are welcome.
The guiding principle is UTILITY. That is, anything you write must be useful to the reader. It should spur them to do something. Either to act, change their mind,
start doing something, stop some others and the likes.
”As their acceptance increases, their reliability tends to diminish”
This is one of the greatest ironies of the stock market and it permeates all spheres of life.
When theories are about to be formed we resort to data from the past. Upon examining this data, we tend to draw our explanation of the past.
Once this explanation of the past is generalized enough to form a theory that can guide the future and becomes generally accepted,
its reliability starts to decline.
I found this mystery in the stock market.
Here's why it happens that way:
Price is a conveyor of information, many times you don't need to know what has happened to an asset all you need to do is see what the price is saying.
I want to be rich enough to do Angel Investing as @chamath does it.
At that very early stage of a company, it's very difficult to tell which one will win and which will not. In fact, a lot pivot of the startups pivots to doing something else different from what you invested in.
From a recent conversation with @villageglobal Podcast, @chamath said he doesn't spend much time deciding whether to invest in an early-stage startup.
If he meets you and sort of like what you are doing, he invests ”immediately.” Because what those startups are asking for
Is almost always less than $2m. In the scheme of things that too small for someone with a portfolio in billion dollars who have invested like $750m YTD.
But beyond the fact that it's small relative to what he controls is the idea of the power law.