Things We Learned From…
Billy Beane, the general manager (GM) of the Oakland A’s baseball team for the past 24 years - He was portrayed by Brad Pitt in Moneyball
On passing up offers from other teams before accepting the Oakland GM position:
“The goal in this job isn’t to become a GM.
The goal in the job is when you do become one, you do it as long as you want to.
You don’t let somebody else decide.”
Warren Buffett (h/t Eddy Elfenbein)
“If you don’t find a way to make money while you sleep, you will work until you die.”
Examples: invest in growing or income-generating assets (stocks, bonds, real estate, private businesses), build an online business that can generate revenue 24/7, etc.
Naval Ravikant on the importance of leverage (h/t James Clear)
“Humans evolved in societies where there was no leverage.
If I was chopping wood or carrying water for you, you knew eight hours put in would be equal to about eight hours of output.
Now we've invented leverage […]
As a worker, you want to be as leveraged as possible so you have a huge impact without as much time or physical effort.
A leveraged worker can out-produce a non-leveraged worker by a factor of 1,000 or 10,000.
With a leveraged worker, judgment is far more important than how much time they put in or how hard they work.
For example, a good software engineer, just by writing the right little piece of code and creating the right little application, can literally create half a billion dollars' worth of value for a company.
But ten engineers working 10x as hard, just because they choose the wrong model, the wrong product, wrote it the wrong way, or put it in the wrong viral loop, have basically wasted their time.
Inputs don't match outputs, especially for leveraged workers.
What you want in life is to be in control of your time.
You want to get into a leveraged job where you control your time and you're tracked on outputs.”
Thanks for reading! Hope you have a wonderful day.