Taylor Pearson's Blog, page 24

Comment on Change Your Location. Change Your Life. by grobmeier

I like the article and believe some of us – but not all – would certainly benefit from moving or at least travelling a lot for longer terms.

I dislike the term “mask”. It sounds like you would try to fool people on purpose on who you are. In fact, i think it is “natural” to behave like this or that, depending on what you experienced, your mood and whatever else. However there is the psychological concept called “self-looking glass”. It says, your self-esteem is defined by what you believe ot...

Comment on How to Get Lucky: Focus On The Fat Tails by What I Learnt on Wall Street

Well written Taylor. Very useful mental model to carry around. You really made it more relevant with examples. Keep up the great work.

Comment on How to Get Lucky: Focus On The Fat Tails by Stan Leloup

An answer to my own question came to mind.

I heard this on the Tim Ferriss show recently (I think it comes from Peter Thiel originally) :

“How could you hit your 10 year goal in the next 6 months ?”

Comment on How to Get Lucky: Focus On The Fat Tails by Stan Leloup

What would be a good way to cultivate this mindset ?

I recognize the truth in this, and I have several personnal stories that attest to it… and still I don’t think I’m fully implementing it in my day to day.

When distributing resources, I tend to focus on a clear cause to effect relationship, which means my plans tend to be linear.

The first step will be to add this article to my «re-read at the beginning of each planning cycle» list.

Is there a specific question / thinking exercise that you...

Comment on How to Get Lucky: Focus On The Fat Tails by Tina Huynh

Really well written article, Taylor. Thank you! It gives me a lot to think about in terms of wher eI want to go with my business in the future.

You’ve explained this model perfectly.

Comment on How to Get Lucky: Focus On The Fat Tails by Mike Cautillo

Good one Taylor….right up my alley!! I can certainly attest to this phenomena materializing. As you said, it’s tough because it isn’t linear-as an investor/trader solely relying on this endeavor as a major source of my income;my bread and butter predicated on the asymmetric payoff.

Comment on How to Get Lucky: Focus On The Fat Tails by Ro Arora

Awesome! One of the most important pieces of wisdom I’ve read all year! Definitely in the 1% category. Sharing with my kids right away.

Comment on How to Get Lucky: Focus On The Fat Tails by Victor E. A. Silva

Hi Taylor! Almost done with The End of Jobs and loved this article too. I had read a lot about the effects of 80/20, but your perspective changed my way to see it. I feel I’m to internalize this mental model much better now, thanks.

Comment on Why Product Market Fit is Overrated (and what to focus on instead) by Rich

Abso-frikkin-lutely!

Learned this lesson the hard way. I built a service doing everything right as per sensible biz advice. Every step was a struggle and rarely touched my strengths or passions. I was playing to my mediocrities the whole time.

I think I’d seen people “follow their passion” and fail. So I was determined to play it by the book – specifically, books like “Built to Sell”, “Running Lean”, etc.

But they don’t tell the whole story of success.

Turns out passion is hugely important,...

Comment on The First Job Dilemma (Or Welcome to The Hyper-Meritocracy) by Rich

Thanks for the reply Taylor. Interesting, I’ve not thought about the prestige factor.

Another argument I just read is that it’s immune because of what it takes to be a top coder:
https://techcrunch.com/2012/10/27/write-code-get-paid/

His argument:

-Entry level devs get entry level wages, so at that level there *is* high supply /race to bottom

-Only a few people have the mental traits to code at a high-level – 25% of the population could be an accountant, but maybe only 2% could be a mathemat...