Lessons:
• We are most confident when we lack competence (Dunning-Kruger effect)
• Admitting that you don’t know something is a superpower
15 books you should read every year:
Lessons:
• We are most confident when we lack competence (Dunning-Kruger effect)
• Admitting that you don’t know something is a superpower
Lessons:
• Build trust through mirroring and tone of voice
• Take things slowly
Lessons:
• We are shaped by our circumstances
• Our past is controlled by our present
Lessons:
• Our attention span is 8-seconds
• Stop working at the same time each day and shut everything off
Lessons:
• We make decisions based on our context
• Use money to control your time
Lessons:
• Breath out of your nose, not your mouth
• Slowing down your breathing improves your health
Lessons:
• Rate everything from 0 to 100 based on importance. If not greater than 90, don’t do it
• Add a 50% buffer to any time estimate
Lessons:
• We need to think for ourselves
• Facts are useless without context
Lessons:
• It takes 10,000 hours of intentional practice to become world-class
• The month you’re born in can be an advantage or disadvantage
Lessons:
• Sleeping less increases the risk of certain diseases
• Tips to sleeping better
Lessons:
• We can always choose our attitude
• You can find meaning through suffering
Lessons:
• How small habits compound
• Form new habits by making them obvious, attractive, easy, and satisfying
Lessons:
• Don’t judge a book by its cover
• Actions speak louder than words
Lessons:
• How to turn adversity into success
• Accept what you cannot change and change the things you can
Lessons:
• Free is actually price. Loss avoidance is a huge motivator
• You overvalue what you own (endowment effect)
I write 1-2 threads a week on:
• Business & personal frameworks
• Building generational wealth
• Living intentionally
Follow me to see what's next:
@KurtisHanni
https://t.co/Vnz4Vgz8Gw
15 books you should read every year:
— Kurtis Hanni (@KurtisHanni) February 23, 2022
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1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.