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What if you could avoid competition forever?
How to Build a Personal Monopoly with @david_perell + @jackbutcher
THREAD
How to Build a Personal Monopoly with @david_perell + @jackbutcher
THREAD
1/ What is a personal monopoly?
The intersection of...
• Curiosity: What do you care about?
• Competence: What are you good at?
• Character: Who are you?
These combinations SHRINK the area of competition.
"Competition is for losers."
@peterthiel
The intersection of...
• Curiosity: What do you care about?
• Competence: What are you good at?
• Character: Who are you?
These combinations SHRINK the area of competition.
"Competition is for losers."
@peterthiel
2/ Where to Start
"You can't connect the dots looking forward: you can only connect them looking backwards."
-- Steve Jobs
Trust your curiosity and intuition.
Only curiosity creates uniqueness.
"You can't connect the dots looking forward: you can only connect them looking backwards."
-- Steve Jobs
Trust your curiosity and intuition.
Only curiosity creates uniqueness.
3/ BUTCHER'S FRAMEWORK
DICE = Diverge, Converge, Emerge
DIVERGE (Collect Dots): Pursue things you're interested in
CONVERGE (Connect Dots): Find the connections among interesting things
EMERGE: You've found where to start. Now attack it everyday.
DICE = Diverge, Converge, Emerge
DIVERGE (Collect Dots): Pursue things you're interested in
CONVERGE (Connect Dots): Find the connections among interesting things
EMERGE: You've found where to start. Now attack it everyday.
4/ "Make a single decision to eliminate 1,000 decisions."
-- @tferriss
For @visualizevalue + @jackbutcher: How do you visualize something to make it simpler?
Eliminate anything that doesn't compound towards achieving that goal.
-- @tferriss
For @visualizevalue + @jackbutcher: How do you visualize something to make it simpler?
Eliminate anything that doesn't compound towards achieving that goal.
5/ PERELL'S PERSONAL MONOPOLY FRAMEWORK
CREATE
• Write + publish every day
CONVERSE
• Talk with interesting people
CONSUME
• Read/Listen/Watch
CLARIFY
• Crystallize your monopoly
CREATE
• Write + publish every day
CONVERSE
• Talk with interesting people
CONSUME
• Read/Listen/Watch
CLARIFY
• Crystallize your monopoly
6/ PERELL'S NICHE FRAMEWORK
"Don't find a niche. Create one."
-- @david_perell
The Process:
• Have a conversation.
• Share on Twitter.
• Get FEEDBACK.
• Create an Essay.
• Get FEEDBACK.
• Distribute via Book/Course
Iterate to make the original idea completely new.
"Don't find a niche. Create one."
-- @david_perell
The Process:
• Have a conversation.
• Share on Twitter.
• Get FEEDBACK.
• Create an Essay.
• Get FEEDBACK.
• Distribute via Book/Course
Iterate to make the original idea completely new.
7/ "Whenever you have an idea, ask yourself, what changed about the world?"
@david_perell
What led to the rise of Personal Monopolies?
1) Globalization
2) Computers and Robotics
3) Everybody is internet connected
@david_perell
What led to the rise of Personal Monopolies?
1) Globalization
2) Computers and Robotics
3) Everybody is internet connected
8/ "An army of robots is freely available - it's just packed in data centers for heat and space efficiency."
@naval
Whenever you...
• Tweet
• Blog
• Podcast
You use that army.
@naval
Whenever you...
• Tweet
• Blog
• Podcast
You use that army.
9/ The Personal Monopoly Path
"The world is very efficient, so the people that succeed are the ones irrationally passionate and patient."
-- @naval
This isn't a short-term journey.
Dedicate 10+ yrs to it and winning is inevitable.
"The world is very efficient, so the people that succeed are the ones irrationally passionate and patient."
-- @naval
This isn't a short-term journey.
Dedicate 10+ yrs to it and winning is inevitable.
