Utility Maximizer's guide to replicators, networks, game theory, and civilization
This post will follow up on a previous one about anti-trust. In that post, I allege that the best (if not only) way to become aggressively rich — to have “passive income” — is to abuse some “barrier to entry.” A barrier to entry is essentially some leverage that makes it very difficult for someone else to compete with … Continue reading More about barriers to entry: How people get rich
Make your failures temporary and your successes permanent. Right there is how to become successful. Make your failures temporary and your successes permanent. That, simply put, means to engage in activities where the potential upside is compounding, whereas the potential downside is temporary. Take, for example, submitting a book to a publisher. A potential failure … Continue reading How to Become Successful
