In any field with competition, as time passes, participants become BOTH more skilled and more dependent on luck for winning.

Startups, authors, scientists - competition makes you better in the absolute sense, but at par in the relative sense.

Fantastic thread!

just substitute science for startups, and the same dynamics for success apply.

(i just wish the thread talked about role of luck/random chances more)

Instead, think of new ideas as leeches trying to make a meal of your time. Treat them with skepticism and evaluate several of them in parallel—comparison shopping leads to better decision making. 8/53

Varian Rule:

'A simple way to forecast the future is to look at what rich people have today; middle-income people will have something equivalent in 10 years, and poor people will have it in an additional decade'

Here's an idea:

Instead of paying a college lakhs of rupees for a degree AND then hunting for a job, why not pay an experienced individual for mentorship and then get referred to a job via his/her network.

this #book is the world’s first graphic novel.

The author has most famous comics awards named after him.

Had 4 different stories, not very coherent, but worth reading just because it was a pioneer in this genre.

Whenever you say to yourself “I’m not good enough”, you should autocomplete it by saying: “I’m not good enough compared to every successful person I know because of survivorship bias”.

If you’re struggling to get startup ideas; try this method:

• Think of areas where you’re above average (vs other entrepreneurs)

• Write commonly held beliefs in those areas

• Write your differentiated / contrarian beliefs in the same areas

• Think of what’s become…