Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Chris Hladczuk Profile picture
@chrishlad
Jan 28, 2021 • 11 tweets • 4 min read • Read on X
What if you could avoid competition forever?

How to Build a Personal Monopoly with @david_perell + @jackbutcher

THREAD👇 Image
1/ What is a personal monopoly?

The intersection of...

• Curiosity: What do you care about?

• Competence: What are you good at?

• Character: Who are you?

These combinations SHRINK the area of competition.

"Competition is for losers."
@peterthiel
2/ Where to Start

"You can't connect the dots looking forward: you can only connect them looking backwards."
-- Steve Jobs

Trust your curiosity and intuition.

Only curiosity creates uniqueness.
3/ BUTCHER'S FRAMEWORK

DICE = Diverge, Converge, Emerge

DIVERGE (Collect Dots): Pursue things you're interested in

CONVERGE (Connect Dots): Find the connections among interesting things

EMERGE: You've found where to start. Now attack it everyday. Image
4/ "Make a single decision to eliminate 1,000 decisions."
-- @tferriss

For @visualizevalue + @jackbutcher: How do you visualize something to make it simpler?

Eliminate anything that doesn't compound towards achieving that goal.
5/ PERELL'S PERSONAL MONOPOLY FRAMEWORK

CREATE
• Write + publish every day
CONVERSE
• Talk with interesting people
CONSUME
• Read/Listen/Watch
CLARIFY
• Crystallize your monopoly
6/ PERELL'S NICHE FRAMEWORK

"Don't find a niche. Create one."
-- @david_perell

The Process:
• Have a conversation.
• Share on Twitter.
• Get FEEDBACK.
• Create an Essay.
• Get FEEDBACK.
• Distribute via Book/Course

Iterate to make the original idea completely new.
7/ "Whenever you have an idea, ask yourself, what changed about the world?"
@david_perell

What led to the rise of Personal Monopolies?

1) Globalization
2) Computers and Robotics
3) Everybody is internet connected
8/ "An army of robots is freely available - it's just packed in data centers for heat and space efficiency."
@naval

Whenever you...
• Tweet
• Blog
• Podcast

You use that army.
9/ The Personal Monopoly Path

"The world is very efficient, so the people that succeed are the ones irrationally passionate and patient."
-- @naval

This isn't a short-term journey.

Dedicate 10+ yrs to it and winning is inevitable.
If you enjoyed this,

Follow me @chrishlad for 2 threads/week on frameworks that help you win.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Chris Hladczuk

Chris Hladczuk Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @chrishlad

Chris Hladczuk Profile picture
May 24, 2023
If you’re out of the loop - the US government has a $31 trillion problem.

And only a few days to fix it before tanking the economy.

Here’s “Debt Ceiling for Dummies” (and how I think it all goes down)🍿 Image
Alright, so here’s the deal:

The US has until June 1st to raise our $31.4 trillion debt ceiling.

If we don't?

The US defaults and the world goes wild.

But how did we get here? And what happens next?

Let's get to it...
US government money = you pay them taxes and they spend it on stuff like social security

But picture the gov’t as your buddy who is addicted to credit cards. He can't stop.

And he laughs at you every time you send him your favorite budgeting app...
Read 13 tweets
Chris Hladczuk Profile picture
May 14, 2023
Generic life advice is usually terrible.

So you need to be super specific.

Here are 5 lessons I wish someone told me 5 years ago before joining Goldman or a startup (with examples):
1) Re-frame what "risk" means.

Spoiler:

Most ambitious, high-achievers under 30 are way too cautious with career.

Here's an example...
I quit Goldman after 1 year.

I remember calling my boss scared sh*tless.

8 months later, I laugh at how "risky" that felt.

A good question to ask:

What's the worst case scenario?

Spending a few months living with your parents is far from catastrophic.
Read 11 tweets
Chris Hladczuk Profile picture
Mar 13, 2023
Over the last 72 hours, I talked to 200 startups representing over $2 billion.

And I have news for you:

Business banking will never be the same.

Here's what I mean👇
1) No one cares about “pretty banking” anymore

Fintechs won customers for a decade by making banking beautifully frictionless.

• Simple user experience
• Easy to use features
• Bonus perks

No one cares anymore about free wires or a cool dashboard.

So what matters?
2) Counterparty Risk

If your money isn’t in a bank your Grandma knows, you're moving it.

Or staying below the FDIC limit.

Why do anything else?

Every founder will move 99% off community banks.
Read 8 tweets
Chris Hladczuk Profile picture
Jan 8, 2023
Read this for 3 principles to avoid misery in 2023:
1) Playing a Different Game

I'm friends with solopreneurs like @dickiebush and @TrungTPhan.

They're awesome but I have no ambition to build a 1-man-media business.

So why do I still feel "so far behind" as they continue to build larger audiences?

The answer?
It's easy to get sucked into someone else's game.

• Don't envy the bodybuilder if you don't workout 4 hrs a day

• Don't envy the 1 million follower creator if you don't do it full-time

QUESTION:

What game do you play? Investor, creator, operator or something else?
Read 11 tweets
Chris Hladczuk Profile picture
Dec 11, 2022
I found a $170 billion industry where one company owns 80% of the market.

But in 2010, four grad students launch a startup and build a $2 billion brand.

Here's the story and 3 principles for industry disruption

🧵
It's the Fall of 2008 and four students are in their first semester at Wharton.

On a backpacking trip, one guy loses his glasses.

He then spends the semester squinting since it costs too much to replace them.

So over a few beers, the crew has an idea:

Disrupt eyeglasses
And Warby Parker is born.

But they have a problem.

80% of the $170 billion eyeglass industry is controlled by an italian conglomerate called Luxottica.

Luxottica owns...

• Ray-Ban
• Oakley
• Oakley
• Persol
• Oliver Peoples

Average price for prescription glasses?

$351
Read 12 tweets
Chris Hladczuk Profile picture
Dec 4, 2022
In 1933, Chung escapes home in North Korea.

He eventually builds a $30 billion business called Hyundai.

But it all started with a stolen cow.

Here's the story🧵
Chung ju-yung is born in a North Korean village in 1915.

His parents are poor farmers.

While his dad grows rice while his mom runs the household and raises silkworms for extra money.
So Chung grows up poor but manages to graduate from 5th grade.

You may be thinking... yea that isn't hard.

But this was an impressive accomplishment for his town!
Read 16 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(