If you want to make money you have to get paid at scale

Why you that's accountability

At scale that's leverage

You getting paid as opposed to somebody else getting paid that's specific knowledge

Specific knowledge

Feels like play to me

Specific knowledge

And it looks like work to others

Specific knowledge

Feels like play to me

Specific knowledge

And it looks like work to others

We have this idea that everything can be taught Everything can be taught in school

And it's not true that everything can be taught

In fact, the most interesting things cannot be taught But everything can be learned

But everything can be learned

Very often that learning either comes from some innate characteristics in your DNA Or it could be through your childhood when you learn soft skills

Which are very-very hard to teach later on in life

Or it's something that is brand-new so nobody else knows how to do it either

Or it's true on-the-job training because your pattern matching in a highly complex environment Specific knowledge is the knowledge that you care about

Especially if you're later in life

Let's say your post 20 21 22 you almost don't get to choose which specific knowledge you have Rather you get to look at what you have already built by that point in time

And then you can build on top of it

The first thing to notice about specific knowledge is that you can't be trained for it

If you can be trained for it

If you can go to a class and learn specific knowledge then somebody else can be trained for it too And then we can mass-produce and mass train people

Heck we can even program computers to do it

And eventually we can program robots to walk around doing it

So, if that's the case then you're extremely replaceable

And all we have to pay you is the minimum wage that we have to pay you to get you to do it When there are lots of other takers who can be trained to do it

That’s Specific knowledge Feels like play to me

Specific knowledge

And it looks like work to others

Specific knowledge

Feels like play to me

Specific knowledge

And it looks like work to others

Dame

Specific knowledge is found much more by pursuing your innate talents Your genuine curiosity and your passion

Very often specific knowledge is at the edge of knowledge

It's also stuff that's just being figured out

Or is really hard to figure out

So, if you're not 100% into it somebody else who is 100% into it will outperform you

They won’t just outperform you by a little bit they'll outperform you by a lot

Because now we're operating the domain of ideas compound interest really applies

And leverage really applies

If you're operating with a thousand times leverage

And somebody is right 80% of the time and somebody else's right 90% of time

The person who's right ninety percent of time will really get paid hundreds of times more by the market

So very often it's not something used to sounding your reasons about it by observation You almost have to look back on their own life and see what you're actually good at

I wanted to be a scientist

The first person that actually point out my real aesthetic knowledge was my mother

I was like 15 or 16 years old

I was telling a friend of mine that I want to be an astrophysicist

And she said, “No you're gonna go into business.”

I was like “What my mom's telling me I'm gonna be in business? I'm gonna be an astrophysicist.”

Mom doesn't know what she's talking about

But mom knew exactly what she was talking about

She had already observed we walked down the street

I would critique the local pizza parlor on why they were selling their slices a certain way

With certain toppings and why their process of ordering was this way what it should have been that way So, she knew that I just had more of a business curious mind

But then my obsession with science combined to create technology And technology businesses is where I found myself

That’s specific knowledge Feels like play to me

Specific knowledge

And it looks like work to others

Specific knowledge

Feels like play to me

Specific knowledge

And it looks like work to others

So, very often your specific knowledge is observed

And often observed by other people who know you well

And reveal in situations rather than something that you come up with