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纳瓦尔:如何不靠运气致富?(完整版)

共 2 集

剧集目录

集标题时长
P1纳瓦尔:如何不靠运气致富?(完整版) 上1:50:46
P2纳瓦尔:如何不靠运气致富?(完整版) 下1:45:29

P1 · 纳瓦尔:如何不靠运气致富?(完整版) p01 上 (P1)

字幕摘录

时间英文中文
0:00Hey, this is Nivi.嘿,这是尼维。
0:01You're listening to the Nival podcast.你听的是尼瓦尔播客
0:03This is one giant megisode that collects every episode we've done on getting rich.这是一个巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨
0:09All of it based on his tweetstorm of how to get rich without getting lucky.所有这一切都基于他的推特风暴 如何发财而不走运。
0:14I've collected them all here because we're going to switch topics to the new topic of happiness on the next episode.我把它们都收集到这里,因为我们要把话题切换到下一集的幸福新话题.
0:21We've published one of these giant megasodes before, but this one's even bigger.我们以前出版过这些巨型集, 但这个更大。
0:25It's about three and a half hours long.全长约3个半小时.
0:28It covers all the tweets from the how to get rich tweetstorm, plus all the Q&A that we did after that,它覆盖了所有的推特 如何获得丰富的推特暴风, 加上所有我们做 之后的QQA,
0:34plus 10 minutes of bonus material at the very end that we've never released.加上10分钟的奖金 我们从来没有发布过。
0:40The overall sound quality of this megisode improves a lot after the first hour.这个megisode的整体音质在第一个小时后大为改善.
展开字幕全文(2317 条)
序号英文中文
1Hey, this is Nivi.嘿,这是尼维。
2You're listening to the Nival podcast.你听的是尼瓦尔播客
3This is one giant megisode that collects every episode we've done on getting rich.这是一个巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨型巨
4All of it based on his tweetstorm of how to get rich without getting lucky.所有这一切都基于他的推特风暴 如何发财而不走运。
5I've collected them all here because we're going to switch topics to the new topic of happiness on the next episode.我把它们都收集到这里,因为我们要把话题切换到下一集的幸福新话题.
6We've published one of these giant megasodes before, but this one's even bigger.我们以前出版过这些巨型集, 但这个更大。
7It's about three and a half hours long.全长约3个半小时.
8It covers all the tweets from the how to get rich tweetstorm, plus all the Q&A that we did after that,它覆盖了所有的推特 如何获得丰富的推特暴风, 加上所有我们做 之后的QQA,
9plus 10 minutes of bonus material at the very end that we've never released.加上10分钟的奖金 我们从来没有发布过。
10The overall sound quality of this megisode improves a lot after the first hour.这个megisode的整体音质在第一个小时后大为改善.
11You can find a link to a clean transcript in the show notes or if you go to the website nav.al.您可以在节目笔记中找到与干净的笔录的链接,或者如果前往网站nav.al.
12There's no dot com at the end.结尾没有点com.
13I hope you enjoy.我希望你喜欢。
14You probably know Nival from his Twitter account,你可能知道他的推特账号上的尼瓦尔
15and we're going to be talking about his epic tweetstorm on how to get rich without getting lucky.我们将要谈论他的史诗般的推特风暴 如何在不走运的情况下发财。
16We're going to go through most of the tweets in detail,我们要详细浏览大多数的微博
17give Nival a chance to expand on them and just generally riff on the topic.给尼瓦尔一个扩展的机会 并且只是一般地说,这个话题。
18He'll probably throw in some ideas that he hasn't even published before.他可能会提出一些他以前没有发表过的想法.
19He's also the co-founder of AngelList and Opinions.他也是"天使列表和观点"的联合创始人.
20He's a prolific tech investor in companies like Twitter, Uber, and many more.他是微博,Uber等公司的大量技术投资者,还有更多公司.
21And I'm the co-founder of AngelList with Nival,我是天使列表的创始人与尼瓦尔,
22我也曾与他共同撰写了Venture Hacks博客。
23Yeah, the how to get rich tweetstorm definitely hit a nerve.是啊,如何获得丰富的微博风暴 肯定打击了神经。
24A lot of people say it was helpful to reach across aisles,很多人都说走过过走廊很有帮助
25and people outside of the tech industry, people in all walks of life,以及科技行业以外的人 以及各行各业的人
26people do want to know how to solve their money problems.人们确实想知道如何解决他们的金钱问题。
27And everyone vaguely knows that they want to be wealthy,每个人都模糊地知道 他们想成为富有,
28but they don't have a good set of principles to do it by.但他们没有一套好的原则来做到这一点。
29What's the difference between wealth, money, and status?财富,金钱,地位有何区别?
30Wealth is the thing that you really want.财富是你想要的
31Wealth is assets that earn while you sleep.财富是睡觉时赚的钱
32Wealth is the factory, the robots that's cranking out things.财富是工厂, 机器人在制造事情。
33Wealth is the computer program that's running at night that's serving other customers.财富是晚上运行的计算机程序,为其他客户服务.
34Wealth is even money in the bank财富甚至银行的钱
35that is being reinvested into other assets and into other businesses.正在重新投资于其他资产和其他企业。
36Even a house can be a form of wealth because you can rent it out,即使是一栋房子也可以是一种财富 因为你可以把它租出去
37although that's probably a lower use of productivity in the land虽然这大概是 生产力在土地的低用
38than actually doing some commercial enterprise.比实际做一些商业企业。
39So my definition of wealth is much more businesses and assets所以我对财富的定义是 更多的企业和资产
40that can earn while you sleep.可以在你睡觉的时候挣钱
41But really the reason you want wealth is because it buys you freedom.但你真正想要财富的原因是 因为它能给你带来自由
42So you don't have to wear a tie like a collar around your neck.所以你不必在脖子上戴领带
43So you don't have to wake up at 7 a.m.所以你不必在早上7点醒来
44and rush to work and sit and commute traffic.急忙工作,坐着坐着,通勤
45So you don't have to waste away your entire life所以你不用浪费一辈子
46grinding all the productive hours into a way to a soulless job that doesn't fulfill you.将所有生产时间 磨成一个没有灵魂的工作 不满足你。
47So the purpose of wealth is freedom.因此财富的目的就是自由.
48It's nothing more than that.何等为余.
49It's not to buy fur coats or drive Ferraris or sail yachts不是买毛衣 开法拉利或帆船
50or jet around the world near Gulf Stream.或喷气机环绕世界 在海湾流附近。
51That stuff gets really boring and really stupid really fast.那些东西变得真的很无聊 真的很愚蠢 非常快。
52It's really just so that you are your own sovereign individual.这真的只是为了让你成为你自己的君主
53You're not going to get that unless you really want it.除非你真的想要 否则你不会得到的
54And the entire world wants it.整个世界都想要它。
55And the entire world is working hard at it.全世界都在为此努力工作。
56And to some extent it is competitive.在某种程度上,它具有竞争力。
57It's a positive sum game, but there are competitive elements to it这是一个正和的游戏,但有竞争因素
58because there's a finite amount of resources right now in society因为现在社会上的资源有限
59and to get the resources to do what you want并获得资源 做你想做的
60you have to stand out.你必须突出。
61Money is how we transfer wealth.金钱是我们转移财富的方式。
62Money is social credits.金钱是社会信用.
63It is the ability to have credits and debits on other people's time.能够借记他人时间的贷项和借项。
64If I do my job right, if I create value for society,如果我做好我的工作, 如果我为社会创造价值,
65society says, oh, thank you.社会说,哦,谢谢你。
66We owe you something in the future for the work that you did in the past.我们欠你一些东西 未来你的工作在过去。
67Here's a little IOU.这里有一个小井。
68Let's call that money.让我们叫钱。
69And that money gets debased because people steal the IOUs.那笔钱因为别人偷IOU而变得不值钱
70The government prints extra IOUs.政府额外印制IOU.
71People renege on their IOUs.人们在他们的IOU上叛逆。
72But really what money is trying to be is trying to be a reliable IOU from society但实际上钱是想成为 一个可靠的IOU从社会。
73that you are owed something for something you你欠你的东西
74or someone who gave you the money did in the past.或是过去给你钱的人
75And we can transfer these IOUs around.我们能把这些井转过来
76So really money is how we transfer wealth.所以,真的金钱是我们如何转移财富的。
77There are fundamentally two huge games in life that people play.生活中基本上有两个巨大的游戏,人们玩。
78One is the money game because money is not going to solve all your problems,一个是金钱游戏 因为金钱不会解决你所有的问题
79but it's going to solve all your money problems.但这能解决你所有的钱问题
80So I think that people know that.所以我认为人们知道这一点。
81They realize that they want to make money.他们意识到他们想赚钱。
82But at the same time, many of them deep down believe that they can't make it.但与此同时,许多内心深处的人认为他们无法成功.
83They don't want any wealth creation to happen.他们不希望任何财富创造发生.
84So they virtue signal by attacking the whole enterprise by saying,因此,他们通过攻击整个企业来发出美德信号,
85well, making money is evil.好吧,赚钱是邪恶的。
86You shouldn't do it, blah, blah, blah.你不应该这样做,等等,等等,等等。
87But what they're trying to do is they're actually playing the other game,但是他们想做的是 他们真的在玩另一个游戏
88which is a status game.这是一个状态游戏。
89They're trying to be high status in the eyes of other people watching by saying,他们试图在别人的眼中高居一等,
90well, I don't need money.我不需要钱
91We don't want money.我们不想要钱。
92And then status is just your ranking in the social hierarchy.然后,地位只是你 排名在社会等级。
93So wealth is not a zero-sum game.所以财富不是零和游戏。
94Everybody in the world can have a house.世界上每个人都可以有房子。
95Because you have a house doesn't take away from my ability to have a house.因为你有房子 也不能剥夺我拥有房子的能力
96If anything, the more houses that are built, the easier it becomes to build houses.如果有什么,建造房屋越多,建造房屋就越容易.
97The more we know about building houses and just the more people that can have houses.我们对建造房屋的了解越多,拥有房屋的人就越多.
98So wealth is a very positive sum game.所以财富是一个非常积极的总和游戏。
99We create things together.我们一起创造东西。
100We're starting this endeavor to create this hopefully piece of art that explains我们开始努力创造希望的艺术
101what we're doing.我们在做什么。
102At the end of it, something brand new will be created.最后,将创造出全新的东西。
103It's a positive sum game.现成正和游戏.
104Status, on the other hand, is a zero-sum game.而地位则是一种零和游戏.
105It's a very old game.这是一个非常古老的游戏。
106We've been playing it since Monkey Tribes.我们从猴子部落就开始玩了
107And it's hierarchical.而分等级.
108Who's number one?谁是第一?
109Who's number two?谁是二号?
110Who's number three?谁是三号?
111And for number three to move to number two, number two has to move out of that slot.三号移动到二号,二号必须离开那个位置。
112So status is zero-sum game.所以状态是零和游戏.
113Holotix is an example of a status game.Holotix是一个状态游戏的例子.
114Even sports is an example of a status game.甚至体育也是状态游戏的典范.
115To be the winner, there must be a loser.为胜必有败者.
116I don't fundamentally love status games.我根本不喜欢状态游戏
117They play an important role in our society.他们在我们的社会中发挥着重要作用。
118So we figure out who's in charge.所以我们知道谁负责了
119But fundamentally, you play them because they're a necessary evil.但从根本上来说,你玩它们是因为它们是必然的邪恶.
120The problem is, on an evolutionary basis, like if you go back thousands of years, status问题是,在进化的基础上, 就像你回到几千年前,状态
121is a much better predictor of survival than wealth is.比财富更能预测生存
122You couldn't have wealth before the farming age, before farmers, because you couldn't在农耕时代之前,在农民之前,你不能拥有财富,因为你不能
123store things.存储东西。
124Hunter-gatherers carried everything on their backs.猎杀者背负一切.
125So hunter-gatherers lived entirely in status-based societies.所以狩猎采集者完全生活在基于地位的社会中.
126Farmers started going to wealth-based societies.农民开始走向以财富为基础的社会。
127And the modern industrial economies are much more heavily wealth-based societies.而现代工业经济则是更重的财富型社会.
128But there's always a subtle competition going on between status and wealth.但地位和财富之间总是有微妙的竞争.
129For example, when journalists attack rich people or attack the technology industry,例如,当记者攻击富人或攻击技术产业时,
130they're really bidding for status.他们真的在争取地位
131They're saying, no, the people are more important, and I, the journalist, represent the people.他们说,不,人民更重要,我,记者,代表人民.
132And therefore, I am more important.因此,我更为重要。
133The problem is that by playing these status games, to win a status game, you have to put问题是,通过这些状态游戏, 要赢得状态游戏, 你必须设置
134somebody else down.别人下来。
135That's why you should avoid status games in your life, because they make you into an angry,这就是为什么你应该避免 状态游戏在你的生活中, 因为他们让你生气,
136combative person.战士
137You're always fighting to put other people down, to put yourself and the people that你总是在努力把其他人放下来 把你自己和那些人
138you like up.你喜欢起来。
139And they're always going to exist.他们总是会存在。
140There's no way around it.无边法界.
141But just realize that most of the times, when you're trying to create wealth, you're actually但只要意识到大多数时候, 当你试图创造财富, 你实际上
142getting attacked by someone else, and they're trying to look like a goody-two-shoes.被别人袭击, 他们试图看起来像一个好双鞋。
143But really, what they're doing is they're trying to up their own status at your expense.但实际上,他们正在做的是 他们试图提高自己的地位 以你为代价。
144They're just playing a different game, and it's a worse game.他们只是玩不同的游戏,这更糟糕.
145It's a zero-sum game instead of a positive-sum game.是零和游戏,而不是正和游戏.
146One thing you mentioned before the interview that stuck with me was the idea that you think采访前你提到的 坚持我的想法
147everyone can become rich.人人都会发财
148And that perhaps some of the ways of getting rich or the idea of wealth is vilified by也许一些发财的方式 或财富的想法被诽谤
149some people in other countries, say.有些人在其他国家,比如说。
150Do you want to expand on that a little bit?你想再多说一点吗?
151Yeah, I think there's this notion that making money is evil, right?是的,我想有这样的观念 赚钱是邪恶的,对不对?
152It's rooted all the way back down to money's a root of all evil.其根遍下至财为一切恶根.
153People think that the bankers steal our money.人们以为银行家偷了我们的钱
154And it's somewhat true in that in a lot of the world, there's a lot of theft going on在世界上很多地方 有很多盗窃事件
155all the time.所有的时间。
156The history of the world in some sense is this predator-prey relationship between makers从某种意义上说,世界的历史是 制造者之间的掠夺者与猎物的关系
157and takers.和摄取者。
158There are people who go out and create things and build things and work hard on things,有人出去创造东西 建造东西 努力工作
159and then there are people who come along and take with a sword or a gun or taxes or crony然后有人会带着剑、枪、税、裙
160capitalism or communism or what have you.资本主义或共产主义 或者你有什么。
161There's all these different methods to steal.偷东西的方法各有不同
162Even in nature, there are more parasites than there are non-parasitical organisms.即使在自然界,寄生虫也多于非寄生生物.
163You have a ton of parasites in you who are living off of you, and the better ones are你体内有一吨寄生虫 依靠你生活 最好的是
164symbiotic or giving something back, but there are a lot that are just taking.共生或还原的东西, 但有很多只是取。
165That's just the nature of how any complex system is built.这就是任何复杂系统是如何构建的。
166But what I am focused on is true wealth creation.但我所关注的是真正的财富创造。
167It's not about taking money.这不是拿钱。
168It's not about taking something from somebody else, but it's from creating abundance.这不是取别人的东西, 而是创造丰产。
169Obviously, there's not a finite number of jobs or a finite amount of wealth.显然,没有数量有限的工作或数量有限的财富.
170Otherwise, we would still be sitting around in caves figuring out how to divide a piece否则,我们仍会坐在洞穴里 研究如何分割一块
171of the firewood and the occasional dead deer.木柴和偶尔死去的鹿。
172So most of the wealth and civilization, in fact, not most, all of it has been created.因此,大部分的财富和文明,实际上,不是大多数,都是创造出来的.
173And it got created from somewhere.从某处创造出来的
174It got created from people.它是从人创造出来的。
175It got created from technology, got created from productivity, got created from hard work.由技术创造,由生产力创造,由辛勤工作创造.
176So this idea that it's stolen is, I think, this horrible zero-sum game that people who因此,这个想法,它被偷了,我认为, 这个可怕的零和游戏, 人谁
177are trying to gain status play.试图获得状态游戏。
178But the reality is everyone can be rich.但现实是,每个人都可以富有。
179And we can see that by seeing that in the first world, everyone is richer than almost我们可以看到,在第一世界,每个人都比几乎更富有
180anyone who was alive 200 years ago.二百年前活着的人
181200 years ago, nobody had antibiotics, nobody had cars, nobody had electricity, nobody had200年前,没有人有抗生素,没有人有汽车,没有人有电,没有人有电
182iPhone(英语:iPhone).
183So all of these things are inventions that have made us wealthier as a species.所以所有这些东西都是让我们更加富有的发明。
184Today, I would rather be a poor person in a first world country than be a rich person今天,我宁愿成为第一世界国家的穷人 也不愿成为富人
185in Louis XIV's France.在路易十四的法国
186I'd rather be a poor person today than an aristocrat back then.今天我宁可当一个穷人 也不愿当一个贵族
187And that's just because of wealth creation.这仅仅是因为财富的创造。
188The engine of technology is science that is applied for the purpose of creating abundance.技术的引擎是用于创造丰量目的的科学.
189So I think fundamentally everybody can be wealthy.所以我认为,基本上每个人都可以富有。
190And the thought experiment I want you to think through is imagine if everybody had the knowledge我想让你们思考的实验 就是想象如果每个人都有这种知识
191of a good software engineer and a good hardware engineer.一个好的软件工程师和一个好的硬件工程师。
192If you could go out there and you could build robots and computers and bridges and program如果你能去那里,你可以 建造机器人,计算机,桥梁和程序
193them.他们。
194Let's say every human knew how to do that.假设一切众生悉得成就.
195What do you think society would look like in 20 years?你觉得20年后社会会是什么样子?
196My guess is what would happen is we would build robots, machines, software, and hardware我猜会发生什么 是我们造机器人、机器、软件和硬件
197to do everything, and we would all be living in massive abundance.我们都会生活在巨大的富庶之中
198We would essentially be retired in the sense that none of us would have to work for any我们基本上将退休,因为我们没有人会为任何人工作
199of the basics.基础。
200We'd even have robotic nurses.我们甚至有机器人护士
201We'd have like machine driven hospitals.我们要的是机器驱动的医院
202We'd have self-driving cars.我们有自驾车
203We'd have farms that are 100% automated.我们有百分之百自动化的农场
204We'd have clean energy.我们会有干净的能量。
205So at that point, we could use technology breakthroughs to get everything that we wanted.因此,在那个时候,我们可以利用技术的突破来获得我们想要的一切。
206And if anyone is still working at that point, they're working as a form of expressing their如果有人还在工作, 他们正在做一种表达方式
207creativity.创造力。
208They're working because it's in them to contribute and to build and design things.他们之所以工作,是因为在他们身上有贡献,建造和设计事物.
209But I don't think capitalism is evil.但我不认为资本主义是邪恶的。
210Capitalism is actually good.资本主义实际上是好的。
211It's just that it gets hijacked.只是它被劫持了
212It gets hijacked by improper pricing of externalities.它被外在因素的不当定价所劫持。
213It gets hijacked by improper deals where you have corruption or you have monopolies.它被不正当交易所劫持 当你有腐败或垄断。
214Overall, capitalism is intrinsic to the human species.总的来说,资本主义是人类固有的。
215Capitalism is not something we invented.资本主义不是我们发明的
216Capitalism is not even something we discovered.资本主义甚至不是我们发现的东西。
217It is innate to us in every exchange that we have.这对我们来说是天生的。
218When you and I exchange information, I want some information back from you.你和我交换情报时 我要从你那里得到一些情报
219I give you information.我给你消息
220You give me information.你给我消息
221If we weren't having a good information exchange, you go talk to somebody else.如果情报交换不好 你去跟别人谈谈
222So the notion of exchange and keeping track of credits and debits, this is built into因此,关于交换和跟踪信用和借项的概念,已纳入
223us as flexible social animals.我们作为灵活的社会动物。
224We are the only animals in the animal kingdom that cooperate across genetic boundaries.我们是动物王国中唯一跨越基因边界合作的动物.
225Most animals don't even cooperate, but when they do, they cooperate only in packs where大多数动物甚至不合作, 但当他们这样做, 他们只合作的包
226they co-evolve together and they share blood.他们共同进化 并分享血液。
227So they have some shared interests.所以他们有一些共同的利益。
228Humans don't have that and what lets us cooperate?人类没有这个,我们有什么可以合作的?
229It's because we can keep track of debits and credits.因为我们可以追踪借记和贷记
230Who put in how much work?谁把多少工作?
231Who contributed how much?谁捐了多少钱?
232That's all free market capitalism is.自由市场资本主义就是如此
233So I strongly believe that it is innate to the human species and we are going to create所以,我坚信它是人类的天生 我们将要创造
234more and more wealth and abundance for everybody.给每个人带来越来越多的财富和财富。
235Everybody can be wealthy.每个人都可以发财。
236Everybody can be retired.每个人都可以退休。
237Everybody can be successful.每个人都可以成功。
238It is merely a question of education and desire.它只是一个教育和愿望的问题。
239You have to want it.你必须想要它。
240If you don't want it, that's fine.如果你不想的话 那没关系
241Then you opt out of the game, but don't try and put down the people who are playing the然后,你选择退出 游戏,但不要试图 和放下的人谁玩
242game because that's the game that keeps you in a comfortable warm bed at night.游戏,因为那是游戏让你在晚上在舒适的温暖的床上.
243That's the game that keeps a roof over your head.这游戏让你头顶难忘
244That's a game that keeps your supermarket stock.那是个让你的超市保持股权的游戏
245That's the game that keeps the iPhone buzzing in your pocket.这是让iPhone在你的口袋里响的游戏。
246So it is a beautiful game that is worth playing ethically, rationally, morally, socially for因此,这是一个美丽的游戏,值得玩 道德,理性,道德,社会
247the human race and it's going to continue to make us all richer and richer until we人类和它会继续 使我们更加富有,直到我们
248have massive wealth creation for anybody who wants it.给任何想要创造财富的人带来巨大的财富。
249And it's not just individuals secretly despising wealth, right?这不仅仅是个人 秘密掠夺财富,对不对?
250There's countries, groups, political parties that overtly despise wealth or at least seem to.有一些国家,团体,政党公然轻视财富,或者至少看起来如此.
251That's right.没错
252And so what those countries, political parties and groups are reduced to is playing the zero-sum因此,这些国家、政党和团体被贬为零和
253game of status and the process to destroy wealth creation, they drag everybody down地位游戏和破坏创造财富的过程 他们把每个人都拖下水
254to their level, which is why the US is a very popular country for immigrants because因此美国对移民来说非常受欢迎,
255it's the American dream.这是美国梦
256Anyone can come here, be poor and then work really hard and make money and get wealthy,任何人都可以来这里, 贫穷,然后工作 真正的努力,赚钱和获得财富,
257but even just make some basic money for their lives.但即使只是赚一些基本钱 他们的生活。
258Obviously, the definition of wealth is different for different people.显然,财富的定义对于不同的人来说是不同的.
259A first world citizen's definition of wealth might be I have to make millions of dollars第一位世界公民对财富的定义是 我必须赚上百万
260and I'm completely done.我受够了
261Whereas to a third world poor immigrant just entering the country and we were poor immigrants而第三世界的贫穷移民 刚进入这个国家,我们是贫穷的移民
262who came here when I was fairly young to the United States, wealth may just be a much lower我年轻的时候来到美国 财富可能要低得多
263number.数字。
264It may just be that I don't have to work a manual labor job for the rest of my life that也许只是,我不用做 体力劳动的余生
265I don't want to work.我不想工作了,别这样
266But groups that despise it will essentially bring the entire group down to that level.但是那些蔑视它的群体 基本上会把整个群体降到这个水平
267If you get too many takers and not enough makers, society falls apart.如果你得到太多的接受者和 没有足够的制造者, 社会崩溃。
268You end up with a communist country.你最终会加入共产主义国家
269Look at Venezuela, right?看看委内瑞拉,对吧?
270They were so busy taking and dividing and reallocating that people literally starving他们忙着抢夺 分拆 重新分配 以致人们实际上挨饿
271in the streets and losing kilograms of body weight every year just through sheer starvation.每年因为饥饿而体重下降
272Another way to think about it is imagine an organism that has too many parasites.另一种思考方法就是想象一种寄生虫过多的生物.
273You actually need some small number of parasites to stay healthy and you need a lot of实际上你需要一些少量的寄生虫 保持健康,你需要很多
274symbiotes like all the mitochondria in all of our cells that help us respirate and burn共生体就像我们所有细胞中的线粒体 帮助我们呼吸和燃烧
275oxygen.氧气
276These are symbiotes that help us survive.这些是共生体 帮助我们生存。
277We can survive without them.没有他们我们就能活下来
278But to me, those are partners in the wealth creation that creates the human body.但对我来说,这些是创造财富的伙伴 创造人类的身体。
279But if you just were filled with parasites, if you got infected with worms or a virus但是如果你只是充满了寄生虫 如果你感染了蠕虫或病毒
280or bacteria that were purely parasitical, you would die.或者纯粹是寄生虫的细菌 你会死的
281So any organism can only withstand a small number of parasites.因此任何生物只能承受少量的寄生虫.
282And when the parasitic element gets too far out of control, you die.当寄生元素失去控制时 你就会死
283So, you know, that again, I'm talking about ethical wealth creation.所以,你知道,再次,我指的是道德财富创造。
284I'm not talking about monopolies.我不是说垄断
285I'm not talking about crony capitalism.我不是在说裙带资本主义
286I'm not talking about mispriced externalities like the environment.我不是在说环境这种价格过高的外在因素。
287I'm talking about free minds and free markets, small scale exchange between humans我说的是自由的头脑和自由的市场 人类之间的小规模交流
288that's voluntary and doesn't have an outsized impact on others.这是自愿的,不会对他人造成太大的影响。
289But I think that kind of wealth creation, if a society does not respect it, if a group但我认为这种财富创造, 如果一个社会不尊重它,如果一个群体
290does not respect it, that society will plunge into ruin and darkness.社会将陷入毁灭和黑暗
291Obviously, we want to be wealthy and we want to get there in this lifetime without having很明显,我们想成为富人 我们想在这一生中到达那里,没有
292to rely on luck.依靠运气。
293A lot of people think making money is about luck.很多人认为赚钱是运气问题.
294It's not.这不是。
295It's about becoming the kind of person that makes money.而是成为赚钱的人
296You know, I like to think that if I lost all my money and if you drop me on a random你知道,我喜欢认为 如果我失去了我所有的钱 如果你扔我一个随机
297street in any English speaking country within five, ten years, I'd be wealthy again,任何英语国家的街道 在5,10年内,我会再次富有,
298right?对吧?
299Because it's just a skill set that I've developed and I think anyone can develop.因为这只是我开发的一套技能,我想任何人都可以开发.
300You know, in a thousand parallel universes, you want to be wealthy in 999 of them.你知道,在一千个平行的宇宙中, 你想在其中的999个富人。
301You don't want to be wealthy in the 50 of them where you got lucky.在你走运的50个地方,你不想发财
302So we want to factor luck out of it.所以我们要考虑运气。
303There's really four kinds of luck that we were talking about.我们刚才说的有四种运气
304This came from a book, P.这是一本书,P。
305Mark, Mark Andreessen wrote a blog post about it, but there's different kinds of luck.马克,马克·安德烈森写了一篇有关此事的博客文章,但也有不同种类的运气.
306The first kind of luck you might just say is like blind luck where I just got lucky你可能只是说第一种运气 就像瞎了的运气 在那里我刚刚走运
307because something completely out of my control happened.因为我完全失控了
308You know, that's fortune, that's fate, etc.你知道,那是财富,那是命运等等。
309Then there's luck that comes through persistence, hard work, hustle, motion, which is还有运气,通过坚持不懈, 辛勤工作,动作,这就是
310when you're just running around creating lots of opportunities, you're generating a当你跑来跑去创造很多机会时,你就在创造
311lot of energy, you're doing a lot of things.大量的能量,你正在做很多事情。
312Lots of things will just get stirred up in the dust.很多事情只会在尘埃中被激起
313It's almost like mixing a Petri dish and seeing what combines or mixing a bunch of它几乎就像混合一个Petri菜 和看到什么结合或混合 一堆
314reagents and seeing what combines.试剂和看什么结合。
315You're just generating enough force and hustle and energy that luck will find you.你只是产生足够的力量和精力 运气会找到你
316A third way is that you just become very good at spotting luck.第三种方式是,你只是变得非常 擅长发现运气。
317So if you are very skilled in a field, you will notice when a lucky break happens in所以,如果你很熟练 在田里,你会注意到 当幸运的休息发生
318that field and other people who aren't attuned to it won't notice.那片田地和不适应它的人不会注意到的
319So you become sensitive to luck and that's just skill and knowledge and work.所以,你变得对运气很敏感, 那只是技能、知识和工作。
320And then the last kind of luck is the weirdest, hardest kind.最后一种运气是最奇怪最难的
321But that's what we want to talk about, which is where you build a unique character,但是这就是我们要谈的 那就是你创造独特角色的地方
322a unique brand, a unique mindset where then luck finds you.一个独特的品牌, 一个独特的思维 在那里运气找到你。
323For example, let's say that you're the best person in the world at deep sea underwater比如说你是 深海水下最好的人
324diving and you're known to like take on deep sea underwater dives that nobody else潜水,你知道你喜欢 深海潜水,没有人
325will even attempt to dare.将甚至试图胆敢。
326And then by sheer luck, somebody finds a sunken treasure ship off the coast they幸运的是 有人在海岸发现一艘沉没的宝船
327can't get at.没办法
328Well, their luck just became your luck because they're going to come to you to get他们的运气就成了你的运气 因为他们会来找你
329that treasure and you're going to get paid for it.那宝藏,你会得到报酬的。
330Now that's an extreme example, but it's just showing how like the person who got这是一个极端的例子,但它只是 显示如何像谁得到了
331lucky by finding the treasure chest that was blind luck, but them coming to you and幸运的是找到那个 盲目的宝箱 但是他们来找你
332asking you to extract it and having to give you half.让你取出来 并给你一半
333That's not luck.这不是运气。
334You created your own luck.你创造了你自己的运气。
335You put yourself in a position to be able to capitalize on that luck or to attract that你让自己有能力 利用运气或吸引它
336luck when nobody else has created that opportunity for themselves.幸运的是,没有人为自己创造了这个机会。
337So when we talk about without getting lucky, we want to be deterministic.所以,当我们谈论没有获得幸运, 我们想要决定。
338We don't want to leave it to chance.我们不想让机会发生
339Do you want to elaborate a little bit more on the idea that in a thousand parallel你是否想更详细地阐述一下这个想法?
340universes you want to get rich in 999 of them?你想在999个宇宙里发财?
341I think some people are going to see that and say that sounds impossible.我想有些人会看到 并说这听起来不可能。
342Sounds like it's too good to be true.听起来太好 不是真的。
343No, I don't think it's impossible.不,我不认为这是不可能的。
344I think that you may have to work a little bit harder at it given your starting我认为你可能得努力工作 因为它是你的开始
345circumstances.环境。
346I mean remember I started as a poor kid in India, right?我的意思是记得我开始 是一个可怜的孩子在印度,对不对?
347So if I can make it anybody can in that sense.所以,如果我能做到这一点 任何人都可以从这个意义上。
348Now, obviously I had all my limbs and I had my mental faculties and I did have an现在,很明显,我有我的四肢, 我有我的精神能力,我确实有一个
349education.教育。
350So there are some prerequisites you can get past.所以,有一些先决条件 你可以过去。
351But if you're listening to this video or podcast, you probably have the requisite但是如果你在听这个视频或播客, 你可能有必要
352means at your disposal, which is a functioning body and a functioning mind.它是一个正常运转的机构和一个正常运转的心灵
353And I've encountered plenty of bad luck along the way.我一路遇到很多坏运气
354First little fortune that I made I instantly lost in the stock market.我赚的第一大笔钱 立刻在股票市场上输了
355The second little fortune that I made or I should have made I got cheated by my我赚的第二个小钱 或者我本该赚的 我被我骗了
356business partners.商业伙伴。
357It's only the third time around has been a charm and even then it has been in a这仅仅是第三次 一直是一个魅力, 即使那时它一直在一个
358slow and steady struggle.缓慢而稳定的斗争。
359And I haven't made money in my life in one giant payout.我这辈子没赚过钱 一次巨大的报酬。
360It's always been a whole bunch of small things piling up.总是一大堆小东西堆积起来.
361So it's more about consistently creating wealth by creating businesses and因此,它更多的是通过创建企业和
362creating opportunities and creating investments.创造机会和创造投资。
363It hasn't been like a giant one-off thing.它没有像一个巨大的一次性的事情。
364My personal wealth has not been generated by one a big year.我个人的财富不是一年一个大的。
365It just stacks up a little bit chips at a time more options, more businesses,它只是堆起一些芯片 时间更多的选择,更多的企业,
366more investments, more things I can do.更多的投资,更多的事情我可以做。
367Same way someone like a Nenad, he's building his brand online.就像Nenad一样 他在网上建立自己的品牌
368He's building videos.他在录影带
369It's not like any one video is going to suddenly shower him with riches overnight.没有一个视频会突然 给他带来一晚上的财富
370It's going to be a long lifetime of learning of reading of creating.将终身修习读诵创作.
371That's just going to compound.这会很复杂
372So we're talking about getting wealthy so you can retire.所以我们是说要发财才让你退休
373So you have your freedom not retire the sense that you don't do anything, but in所以,你的自由没有 退休的感觉,你什么都不做,但是在
374the sense that you don't have to be any place you don't want to be.感觉你不必成为你不想成为的地方
375You don't have to do anything you don't want to do and you can wake up when you你不必做你不想做的事 当你醒来的时候
376want you can sleep and you want you don't have a boss that's freedom.想要你睡着 想要你没有老板 那就是自由
377So we're talking about enough wealth to get to freedom and especially thanks to所以,我们说的是足够的财富 获得自由,特别是感谢
378the internet these days.现在的互联网。
379Those opportunities are massively abundant.这些机会是巨大的。
380I in fact have too many ways to make money.其实我有很多赚钱的方法
381I don't have enough time.我没有足够的时间。
382I literally have opportunities pouring out of my ears and the thing I keep我确实有从耳朵里涌出来的机会 以及我保留的东西
383running out of his time.他的时间不多了
384There's just so many ways to create wealth to create products to create创造财富和创造产品的方法太多了
385businesses to create opportunities and to as a byproduct get paid by society企业创造机会和作为副产品获得社会报酬
386that I just can't even handle it all.我甚至不能应付这一切。
387I think it's pretty interesting that the first three kinds of luck that you我觉得这很有趣,你头三种运气
388described there are very common cliches for them that everybody knows and then说他们有很常见的陈词滥调 每个人都知道,然后
389for that last kind of luck that comes to you out of the unique way that you act.为了最后的运气,从你独特的行为方式 降临到你身上。
390There's no real cliche for it.没有真正的陈词滥调
391So for the first three kinds, there's dumb luck or blind luck.所以对于前三种,有哑运气或盲运气.
392That's the first kind of luck the second kind of luck.此是第一义运二义.
393There's the cliche that fortune favors the bold.有陈词滥调 幸运喜欢大胆。
394That's a person who gets lucky just by stirring the pot and acting the third这是一个人谁得到幸运的 只是搅锅 演第三
395kind of luck people say that chance favors the prepared mind.幸运的是,人们说机会有利于 准备好的头脑。
396But for the fourth kind of luck there is not really a common cliche out there但对于第四种运气 外面并没有常见的陈词滥调
397that matches the unique character of your action, which I think is interesting这符合你行动的独特性 我觉得很有趣
398and perhaps an opportunity and it also just shows that people aren't或许是一个机会 也表明人们不是
399necessarily taking advantage of that kind of luck the way they should be.必然会利用这种运气
400I think also at that point it starts becoming so deterministic that it我想这时候,它开始变得如此决定性
401stops being luck.不再是运气。
402So the definition starts fading from luck to more destiny.因此,定义开始从运气消失到更多的命运.
403So I would characterize that fourth one is you build your character in a所以我认为第四件事就是 你将你的性格建在
404certain way and then your character becomes your destiny.一定的方式,然后你的性格成为你的命运。
405One of the things I think that is important to making money.我认为这对赚钱很重要
406You want the kind of reputation that makes people do deals through you.你想要那种能让人们通过你来交易的名声
407You know, I use the example of like if you're a great diver, then treasure你知道,我用的例子 像你是一个伟大的潜水员,然后宝藏
408hunters will come and give you a piece of the treasure for your diving skills.猎人会来 并给你一块宝藏 为了你的潜水技能。
409If you're a trusted reliable high integrity long-term thinking dealmaker如果你是一个可靠的高正直 长期思考交易商
410then when other people want to do deals, but they don't know how to do them当别人想做交易时 他们不知道怎么做
411in a trustworthy manner with strangers, they will literally approach you以值得信赖的方式与陌生人, 他们字面上接近你
412and give you a cut of the deal or offer you a unique deal just because并给你一份交易 或给你一个独特的交易 只是因为
413of the integrity and reputation that you've built up Warren Buffett.你为沃伦·巴菲特创造的正直和名誉
414He gets offered deals and he gets to buy companies and he gets to buy买公司,买公司
415warrants and bailout banks and do things that other people can't do搜查令和救助银行 做别人不能做的事
416because of his reputation.因为他的名声
417But of course that's fragile.当然很脆弱
418It has accountability on the line.它有问责制在线。
419It has a strong brand on the line and as we will talk about later that它有很强的品牌 我们稍后再谈
420comes with accountability attached, but I would say your character your不过我要说你的性格
421reputation.名声
422These are things that you can build that then will let you take out这些东西你可以建造,然后让你取出
423advantages of opportunities that other people may characterize as lucky,机会的好处 其他人可能认为幸运,
424but you know that it wasn't luck.但你知道这不是运气
425You said that this fourth kind of luck is more or less a destiny.你说这种第四种运气 或多或少是一种命运
426There's a quote from that original book that was in Mark's blog post马克的博客文章里 引用了那本原著
427from Benjamin Disraeli who I think was the former Prime Minister of本杰明·迪斯雷利的前任总理
428the UK.英国。
429The quote to describe this kind of luck was we make our fortunes and用来描述这种运气的引言是 我们赚了大钱
430we call them fate.我们称之为命运。
431There were a couple other interesting things about this kind of luck有一些其他有趣的事情 关于这种运气
432that were mentioned in the blog post.在博客文章中提及,
433I think it'll be good for the listeners to hear about is that this我想听这些会好听的
434fourth kind of luck can almost come out of eccentric ways that you第四种运气 几乎可以从古怪的方式,你
435do your things and that eccentricity is not necessarily a bad thing in做你的事情 古怪不一定是坏事
436this case.这个案子
437In fact, it's a good thing.事实上,这是件好事。
438Yeah, absolutely because the world is a very efficient place.是啊,绝对是因为世界是一个非常有效的地方。
439┮┮Τ常┮Τ陪礛よ dug
440find something that's new and novel and uncovered it helps to be找到新颖的东西 发现它有帮助
441operating on a frontier where right there you have to be a little在一个边境上行动,在那里你需要一点点
442eccentric to be out on the frontier by yourself and then you just独自一人在边境上走出来很怪,然后你就
443have to be willing to dig deeper than other people do deeper than比别人挖得更深
444seems irrational just because you're interested.似乎不理智 只是因为你感兴趣。
445Yeah, the two quotes that I've seen that express this kind of luck是啊,两句我见过的 表达这种幸运
446in addition to that Benjamin Disraeli one are this one from Sam除了本杰明・迪斯雷利的外 还有一个来自山姆的
447Altman where he said extreme people get extreme results.阿尔特曼 他说极端的人会得到极端的结果
448I think that's pretty nice.我觉得这很好
449And then there's this other one from Jeffrey Pfeffer who is a还有另一个来自杰弗里·费弗的
450professor at Stanford that you can't be normal and expect abnormal斯坦福大学的教授说你不能正常 并期望异常
451returns.返回。
452I've always enjoyed that one too.我也很喜欢这个
453Yeah, and one quote that I like which is the exact opposite of that是啊,还有一句我喜欢的 正好相反
454is play stupid games win stupid prizes.是玩愚蠢的游戏 赢得愚蠢的奖。
455All right, a lot of people spend a lot of their time playing social好吧,很多人花很多时间在社交上
456games like on Twitter where you just trying to improve your social像是推特上的游戏 你只是想改善你的社交能力
457standing and you basically win stupid social prizes which are你基本上赢得了愚蠢的社会奖
458worthless.没用
459I guess the last thing that I have from this blog post is just the我猜我从这篇博客文章里 得到的最后一点就是
460idea that by pursuing these kinds of luck, especially the last认为通过追求这些运气,特别是最后的
461one basically everything but dumb luck by pursuing them.基本上,一切,但愚蠢的运气 通过追逐他们。
462You essentially run out of unlock.你基本上没有解锁了
463So if you just keep stirring the pot and stirring the pot that alone所以,如果你继续搅拌锅 和搅拌锅孤独
464you will run out of unlock.你会失去解锁。
465Yeah, or it could just be a reversion to the mean, right?是的,或者它可能只是 转回恶性,对不对?
466So then you at least neutralize luck so that it's your own talents所以,你至少中和运气 所以这是你自己的才能
467that come into play.这开始起作用。
468Next you go into more specific details on how you can actually接下来你详细介绍你怎样才能做到
469get rich and how you can't get rich.发财 发财
470The first point was about how you're not going to get rich.第一点是关于你不会发财
471You're not going to get rich renting out your time.你不会得到富有 租出你的时间。
472You must own equity a piece of a business to gain your financial你必须拥有股权 一份生意来获得你的财务
473freedom.自由权。
474This is probably one of the absolute most important points people这大概是绝对最重要的一点之一
475seem to think that you can create wealth and make money through似乎认为你可以创造财富和赚钱
476work and it's probably not going to work.工作可能不会成功
477There are many reasons for that.原因很多。
478But the most basic is just that your inputs are very closely tied但最基本的是,你的投入是紧密相连的
479to your outputs in almost any salary job, even at one that's paying你几乎在任何薪水工作上的工作, 即使是一个支付
480a lot per hour like lawyer or a doctor.像律师或医生一样 每小时很多
481You're still putting in the hours and every hour you get paid.你还在付工时和每个小时的薪水
482So what that means is when you're sleeping, you're not earning when意思是当你睡觉的时候 你没有挣钱
483you're retired.你已经退休了
484You're not earning when you're in vacation.你在度假的时候没赚到钱
485You're not earning and you can't earn nonlinearly if you look at你没有挣钱,而且你不可能 得到非线性,如果你看
486even doctors who get rich like really rich.连有钱的医生都像有钱人一样
487It's because they open a business they open like a private practice因为他们开的生意就像私人的生意
488and that private practice builds a brand and that brand attracts和私人做法 建立一个品牌 和吸引
489people or they build some kind of a medical device or a procedure人或他们制造某种医疗设备或程序
490or a process where they have intellectual property.或拥有知识产权的程序。
491So essentially you're working for somebody else and that person所以基本上你为别人和那个人工作
492is taking on the risk and has the accountability and the intellectual正在承担风险,并有问责制和知识分子
493property and the brand.财产和品牌。
494So they're just not going to pay you enough.所以他们不会给你足够的报酬
495They're going to pay you the bare minimum that they have to to他们会付你最低的薪水
496get you good at the job and that can be a high bare minimum,让你在工作上做得好, 这可以是一个很高的最低限度,
497but it's still not going to be true wealth where you're retired.但它仍然不会是真正的财富 在你退休的地方。
498And then finally you're actually just not even creating that much最后,你实际上只是 连创造这么多
499original for society.社会独创。
500Like I said, this tweetstorm should have been called how to create就像我说的,这个微博风暴应该被称为如何创建
501wealth is just how to get rich was a more catchy title, but you're财富只是如何发财 是一个更引人注目的头衔, 但你是
502not creating new things for society.不为社会创造新事物。
503You're just doing things over and over and you're essentially replaceable你只是一次又一次地做一些事情 你基本上可以替代
504because you're now doing a set role.因为你现在正在做一个固定的角色。
505Most set roles can be taught if they can be taught like in a school如果能像在学校里一样教他们,大多数固定角色都可以教
506then eventually you'll be competing with someone who's got more recent最终,你将会竞争 与最近的人
507knowledge who's been taught and is coming in to replace you.已经学会了 并且要来代替你
508You're much more likely to be doing a job that can be eventually你更可能做一个最终可能的工作
509replaced by a robot or by an AI and it doesn't have to be a被机器人或人工智能取代 不一定是
510wholesale replaced overnight.批发连夜更换.
511It can be replaced a little bit of a time and that eats into your它可以被替换 一点点的时间 吃进你的
512wealth creation and therefore your earning capability.创造财富,从而创造你们的能力。
513So fundamentally your inputs are matched to your outputs.所以,基本上,你的投入与你的产出相匹配。
514You are replaceable and you're not being creative.你是可以替代的,你没有创造力。
515I just don't think that that is a way that you can truly make money.我只是不认为那是你真正赚钱的方式。
516So everybody who really makes money at some point owns a piece of所以所有真正赚钱的人 都拥有一块
517a product or a business or some kind of IP that can be through一种产品或企业或某种可以穿过的IP
518stock options.股票期权。
519So if you can be working at a tech company, that's a fine way to所以如果你能在科技公司工作 那是个好办法
520start but usually the real wealth is created by starting your own开始,但通常真正的财富是通过开始自己的创造
521companies or by even investors.公司,甚至投资者。
522They are in an investment firm and they're buying equity.他们在一家投资公司 正在购买股票
523So these are much more the routes to wealth.所以这些是通往财富的道路。
524It doesn't come to the hours.时不来.
525You really just want a job or a career or a profession where your你真的只是想要一份工作 事业 或职业
526inputs don't match your outputs.输入与您的输出不匹配 。
527So if you look at modern society and again this is later in the所以,如果你看看现代社会, 再说一遍,这是后期
528tweet storm businesses that have high creativity and high leverage微博暴风雨,
529tend to be ones where you could do an hour of work and it can have通常你可以做一个小时的工作,它可以有
530a huge effect or you can do a thousand hours of work and have巨大的效果,或者你可以做一千小时的工作
531no effect.没有效果。
532For example, look at software engineering.例如,看看软件工程.
533One great engineer can for example create Bitcoin and create一个伟大的工程师可以创造 比特币和创造
534billions of dollars worth of value.价值数十亿.
535An engineer who's working on the wrong thing or not quite as做错事的工程师
536good or just not as creative or thoughtful or whatever can work好,或者只是没有 创造性或深思熟虑或任何东西可以工作
537for an entire year and every piece of code they ship ends up一整年 他们运送的每件代码都会被终结
538not getting used.没有被利用。
539Customers don't want it.顾客不想要它。
540That is an example of a profession where the input and the这是一个职业的例子,其中投入和
541outputs are highly disconnected.产出高度脱节。
542It's not based on the number of hours that you put in.这不是基于你投入的小时数。
543Whereas on the extreme other end if you're a lumberjack even the如果你是伐木工的话,反之亦然
544best lumberjack in the world assuming they're not working with世界上最好的伐木工 如果他们不合作
545tools so the inputs and outputs are fairly connected and just工具,使投入和产出能够公平连接和公正
546using an axe or a saw the best lumberjack in the world maybe用斧头或锯子 世界上最好的伐木工 也许
547like 3x better than one of the worst lumberjacks, right?比最烂的伐木工还好,对吧?
548It's not going to be a gigantic difference.这不是一个巨大的区别。
549So you want to look for professions and careers where the所以,你想寻找职业和事业
550inputs and the outputs are highly disconnected.投入和产出高度脱节。
551This is another way of saying that you want to look for things这是另一种说法,你想寻找的东西
552that are leveraged and by leverage I don't mean financial杠杆和杠杆 我不是说金融
553leverage alone like Wall Street uses and that has a bad name.像华尔街那样的杠杆 名字不好
554I'm just talking about tools.我只是在说工具
555We're using tools.我们在用工具
556Computer is a tool that software engineers use.计算机是软件工程师使用的工具.
557If I'm a lumberjack with bulldozers and automatic robot如果我是一个伐木工 与推土机和自动机器人
558axes and saws, I'm going to be using tools and have more斧头和锯子,我要用工具 拥有更多的
559leverage than someone who's just using his bare hands and try比那些赤手空拳来试一试
560to rip the trees out by their roots.把树从树根上拔出来
561Tools and leverage are what create this disconnection between工具和杠杆是造成这种脱节的原因
562inputs and outputs creativity.投入和产出。
563So the higher the creativity component of a profession the因此,一个专业的创造力成分越高,
564more likely it is to have disconnected inputs and outputs.更可能使投入和产出脱节。
565So I think that if you're looking at professions where your所以我认为,如果你看 专业 你的
566inputs and your outputs are highly connected, it's going to输入和您的输出高度连接,它将会
567be very, very, very hard to create wealth and make wealth非常,非常,非常难 创造财富和创造财富
568for yourself in that process.在那个过程中你自己。
569Any other big things you should avoid other than renting out除了租房以外,你应该避免其他大事
570your time?你的时间?
571Yeah, there are two tweets that I put out that are related.是的,有两条微博是我发的 与此相关的。
572So the first one was talking about where someone like how所以第一个是在谈论 哪里有人喜欢如何
573your lifestyle, you know, has to upgrade shouldn't get upgraded你的生活方式,你知道, 必须升级不应该升级
574too fast.速度太快了,我们该走了
575And that one said people who are living far below their那一个说,人们 谁生活在远远低于他们的
576means enjoy a freedom that people busy upgrading their意味着享受自由 人们忙于提升他们的
577lifestyles just can't fathom.生活方式是无法理解的。
578And I think that's very important like just to not upgrade我觉得这很重要 就像不升级一样
579your lifestyle all the time to maintain your freedom and it你的生活方式 一直维护你的自由
580just gives your freedom of operation.只是给你的操作自由。
581Once you make a little bit of money, you still want to be一旦你赚了点钱,你还是想
582living like your old self.就像你以前一样生活
583So that's just the worry goes away.所以那只是担心的消失。
584So don't go out to upgrade that house and lifestyle and all所以别出去改造房子和生活方式
585that stuff.那个东西。
586Let's say you're going to get a thousand dollars an hour.假令一时得一千金.
587The problem is that when you go into a work lifestyle like问题是当你进入一种工作生活方式,比如
588that, you don't just suddenly go from making $20 an hour to你不只是突然从每小时赚20美元到
589making a thousand dollars an hour.每小时赚一千块
590That's a progression over a long career.这是一项漫长的事业
591And as that happens, one subtle problem is that you upgrade发生这种情况后,一个微妙的问题是 你升级
592your lifestyle as you make more and more money and that upgrading你的生活方式,因为你赚了越来越多的钱 和提升
593of the lifestyle ups what you consider to be wealth and you生活方式增加你认为是财富和你的
594stay in this wage slave trap.留在这个工资奴隶陷阱。
595So I forget who said it.所以我忘了是谁说的
596Maybe it was Nassim Taleb, but he said, you know, the most也许就是纳西姆·塔莱布 但他说,你知道,最
597dangerous things are heroin and a monthly salary, right?危险的东西是海洛因和月薪,对不对?
598Because they're highly addictive.因为他们很上瘾
599The way you want to get wealthy is you want to be poor and你想发财的方式是想变穷
600working and working and working.工作,工作,工作,工作。
601And this is for example, how the tech industry works where例如,科技产业如何运作
602you don't make any money for 10 years and then suddenly in你十年没赚钱,突然进来
603year 11, you might have a giant payday, which is what by the11年级,你可能有一个巨大的工资日, 这是由
604way, one reason why these very high marginal tax rates for这也是为什么这些非常高的边际税率
605the so-called wealthy are flawed because the highest所谓富人是有缺陷的 因为最高的
606risk-taking most creative professions that will be lose冒险从事将失去的大多数创造性职业
607money for a decade of your life while you take massive risk你冒着巨大的风险 花了你十年的时间
608and you bleed and bleed and bleed and then suddenly in year血流成河 年复一年
60911 or year 15, you might have one single big payday, but then11年或15年,你可能有一个大薪日,但之后
610of course Uncle Sam show up and say, hey, you know what?当然,山姆叔叔来了 说,嘿,你知道吗?
611You just made a lot of money this year.你今年赚了很多钱
612Therefore you're rich.因此,你很有钱。
613Therefore you're evil and you got to hand it all over to us.因此,你是邪恶的,你必须把它全部交给我们。
614So it just destroys those kinds of creative risk-taking所以它只是摧毁了这种 创造性冒险
615professions, but ideally you want to make your money in职业,但理想的 你想赚钱在
616discrete lumps separated over long periods of time so that长期分离的离散块,以便
617your own lifestyle does not have a chance to adapt quickly你自己的生活方式没有机会迅速适应
618and then you can say, okay, now I'm done.然后你可以说,好吧, 现在我结束了。
619Now I'm retired.现在我退休了
620Now I'm free.现在我自由了
621I'm still going to work because you got to do something with我仍然要工作 因为你得做点什么
622your life, but I'm going to work on only the things that I你的生活,但我要去工作 只有我的东西
623want when I want and it's going to be much more creative想要我需要的时候 就会更有创意
624expression and much less about money.更别提钱了
625You're not going to get rich renting out your time, but you你不会有钱租出去的 但你
626say that you will get rich by giving society what it wants,说你会发财 给社会它想要的,
627but does not yet know how to get at scale.但却还不知道如何达到规模。
628That's right.没错
629So essentially as we talked about before money is IOUs from所以基本上就像我们在钱之前讲的,是来自
630society saying you did something good in the past.社会说你过去做过好事
631Now here's something that we owe you for the future.现在,这是我们欠你的未来。
632And so society will pay you for creating things that it所以社会会付钱给你创造的东西
633wants, but society doesn't yet know how to create those想要,但社会还不知道 如何创造这些
634things because if it did it would need you.事情,因为如果它这样做 它会需要你。
635They would already be stamped out big time.他们早就被消灭了
636Almost everything is in your house in your workplace and几乎一切都在你家里 在你的工作场所和
637on the street used to be technology at one point in time.街上曾经一度是科技.
638There's a time when oil was technology that made JB有一段时间石油是技术 使JB
639Rockefeller rich.洛克菲勒有钱
640There's a time when cars were technology that made Henry有段时间,汽车是技术 使亨利
641Ford rich.福德富贵.
642So technology is just the set of things as Alan Kay said所以,科技只是 一组事情,艾伦凯说
643that don't quite work yet.还没成功
644Once something works is no longer technology.一旦有东西起作用 就不再是技术了
645So society always wants new things and if you want to be所以社会总是想要新的事物 如果你想成为
646wealthy, you want to figure out which one of those things有钱人,你想知道其中哪一种
647you can provide for society that it does not yet know how你可以为社会提供它不知道如何
648to get but it will want that's natural to you and within来得到它,但它会希望 这是自然的你和内部
649your skill set within your capabilities and then you你的能力,然后你
650have to figure out how to scale it because if you just必须想出如何扩大它 因为如果你只是
651build one of it, that's not enough.盖其中之一,不足矣.
652You got to build thousands or hundreds of thousands or你必须造出几千或几十万
653millions or billions of them.几百万或数十亿
654So everybody can have one Steve Jobs and his team of这样每个人都可以有一个史蒂夫・乔布斯和他的团队
655course figured out that society would want smartphones当然,社会需要智能手机
656computer in their pocket that had all the phone capability电脑在他们的口袋里 拥有所有的电话能力
657times a hundred and be easy to use.百倍而易用.
658So they figured out how to build that and then they所以他们想出了如何建造它,然后他们
659figured out how to scale it and they figured out how to他们想出如何扩大范围
660get one into every first world citizens pocket and获得一个进入每一个世界 公民口袋,
661eventually every third world citizen too and so because最终每个第三世界公民同样如此,因为
662of that they're handsomely rewarded and Apple is the他们得到的回报是英俊 苹果是
663most valuable company in the world.世界上最有价值的公司。
664The way I tried to put it was that the entrepreneurs我想说的是 企业家们
665job is to try to bring the high-end to the mass market.工作是努力把高端市场带入大众市场.
666It starts as high-end first it starts with an act of它从高端开始 首先它从行为开始
667creativity.创造力。
668First you create just because you want it you want it and首先,你创造只是因为 你想要它,你想要它
669you know how to build it and you need it and so you你知道如何建造它 你需要它,所以你
670build it for yourself.为自己建造.
671Then you figure out how to get it to other people and然后你想出怎么把它给别人
672for a little while rich people have it like for example有一阵子有钱人就喜欢
673rich people had chauffeurs and then they had black有钱人有司机,还有黑人
674town cars and then uber came along and everyone's镇上的汽车,然后 uber来了,每个人都
675private driver was available to everybody and now you私人司机可以让所有人使用,现在你
676can even see uber pools that are replacing shuttle甚至可以看到正在取代太空梭的 uber池
677buses because it's more convenient and then you get巴士因为更方便,然后你得到
678scooters which are even further down market of that.摩托车甚至更落后的市场。
679So you're right.所以你是对的
680It's about distributing what rich people used to have而是分配富人曾经拥有的
681to everybody but the entrepreneurs job starts even对每个人来说,除了企业家的工作 开始甚至
682before that which is creation entrepreneurship is在创造创业之前
683essentially an act of creating something new from基本上是一种创造新事物的行为
684scratch predicting the society will want it and then刮伤预示着社会会想要它,然后
685figuring out how to scale it and get it to everybody想想怎么把它放大给大家
686in a profitable way in a self-sustaining way.以自给自足的方式盈利。
687Let's look at this next tweet which I thought was让我们看看这下一个微博 我认为是
688cryptic and also super interesting about the kind of秘密的,而且超级有趣 对于这种
689job or career that you might have you said the工作或事业 你可能说过
690internet has massively broadened the possible space互联网已经大大拓宽了可能的空间
691of careers.职业。
692Most people haven't figured this out yet.多数人还没想明白
693The fundamental property of the internet more than互联网的基本财产比
694other single thing is it connects every human to each另外一件事是它把每个人和每个人联系起来
695other human on the planet.地球上的其他人类
696You can now reach everyone whether it's by emailing你现在可以联系到每个人了 不管是通过电子邮件
697them personally whether it's by broadcasting to them他们个人是否通过广播对他们
698on Twitter whether it's by posting something on Facebook在推特上是否通过在脸书上张贴一些东西
699that they find whether it's by putting up a website他们是否通过建立网站来发现
700they come and access it connects everyone to everyone.他们来访问它 连接每个人和每个人。
701So the internet is an internet working tool.所以互联网是一个互联网工作工具。
702It connects everybody that is its superpower.它连接着每一个拥有超级力量的人。
703So you want to use that what that helps you figure所以,你想用这个帮助你想象
704out is that the internet means that you can find your互联网意味着你可以找到你的
705audience for your product or your talent and skill或你的天赋和技能
706no matter how far away they are.无论他们有多远
707For example, Nenad who is illicertus if he was in his例如,Nenad如果身处险境,那么他就是邪恶的。
708videos pre-internet, how would he get the message out视频预告网,他怎么把消息传出去
709there?那边?
710It would just be what would he do?他会怎么做?
711He would run around where he lives in his neighborhood他会跑来跑去他住的地方
712showing it to people on a computer or a screen or he在电脑或屏幕上展示给大家看
713would try to get it played at his local movie theater.试着让他的电影院播放
714It was impossible.这是不可能的。
715It only works because he can put it on the internet and是因为他能上网
716then how many people in the world are really interested那么世界上有多少人真正感兴趣
717in it or even interested in what we're talking about或甚至对我们所说的感兴趣
718are really going to absorb it, right?真的会吸收它,对不对?
719It's going to be a very small subset of humanity.它将成为人类的一个很小的子集.
720The key is being able to reach them.关键是能够接触到他们。
721So what the internet does is allows any niche obsession因此,互联网所做的是 允许任何特殊迷恋
722which could be just the weirdest thing it could be这可能是最奇怪的事情 它可能是
723like people who collect snakes to like people who like喜欢收集蛇的人喜欢喜欢的人
724to ride hot air balloons to people who like to sail骑着热气球 给喜欢航行的人
725around the world by themselves.独自环绕世界
726Just one person on a craft or someone who's obsessed只有一个人在船上 或一个人谁痴迷
727with miniature cooking like there's this whole Japanese做小饭就像日本人一样
728major cooking phenomenon or there's a show about a woman主要烹饪现象 或者有一个节目 关于一个女人
729goes in people's houses and tidies it up, right?去人们的房子里 并把它加起来,对不对?
730So whatever niche obsession you have the internet allows所以不管你有什么特别的迷恋 互联网允许
731it to scale now.它现在规模。
732That's not to say that what you build will be the next这不是说,你建造 将是下一个
733Facebook或覆盖数十亿用户.
734But if you just want to reach 50,000 passionate people但如果你只想接触五万个热情的人
735like you there's an audience out there for you.像你一样,外面有观众
736So the beauty of this is that we have 7 billion beings因此,它的美丽 是,我们有70亿生命
737in this planet.在这个星球上
738The combinatorics of human DNA are incredible.人类DNA的组合法令人难以置信.
739Everyone is completely different.每个人都完全不同
740You'll never meet any two people who are even vaguely你永远也见不到两个模糊不清的人
741similar to each other that can substitute for each other.相类似,可以相互替代。
742It's not you can say well maybe just left my life so I说得不好 也许只是离开了我的生活 所以我
743can have this other person come in and he's just like可以让另一个人进来,他就像
744maybe and I get the same feelings the same responses and也许和我有同样的感觉 同样的反应,
745the same ideas.同样的想法。
746No, there are no substitutes for people.不,没有替代的人。
747People are completely unique.人们是完全独特的。
748So given that each person has different skill sets different所以,考虑到每个人都有不同的技能 组合不同
749interests different obsessions and it's that diversity that对不同的迷恋感兴趣 而正是这种多样性
750becomes a creative superpower.成为创造力的超级力量
751So each person can be creatively superb at their own unique所以每个人都可以创造出超能力 以自己的独特性
752thing but before that didn't matter because if you were但在此之前这不重要 因为如果你是
753living a little fishing village in Italy like your fishing住在意大利的渔村里 就像你的渔场
754village didn't necessarily need your completely unique skill村里不一定需要你独特的技能
755and you had to conform to just a few jobs that were available而且你不得不遵守 只有少数工作是可用的
756but now today you can be completely unique.但是今天你可以完全独一无二
757You can go out on the internet and you can find your audience你可以上网 找到观众
758and you can build a business and create a product and build你可以建立企业 创造产品和建设
759wealth and make people happy just uniquely expressing财富,让人民快乐 独具一格的表达
760yourself through the internet space of careers has been so在职业的互联网空间里 你一直如此
761broad eSports players people making millions of dollars大型电子体育玩家 赚了数百万美元
762playing Fortnite people creating videos and uploading播放创建视频和上传的堡垒
763YouTube播音员博客,
764Rogan.罗干.
765I read true or false.我读真伪.
766I don't know but I read that he's going to make about a hundred我不知道,但我读到,他会赚大约一百
767million dollars a year on his podcast and he's had two billion他的播客每年有100万美元 他有20亿
768下载甚至PewDiePie.
769This is a hilarious tweet that I retweeted the other day PewDiePie这是我前几天发的热闹微博 PewDiePie
770is the number one trusted name in news.是新闻中最信任的名字。
771This is a kid I think in Sweden and he's got three times the这是个孩子,我想在瑞典, 他有三倍
772distribution of the top cable news networks just on his news在他新闻上传播有线新闻
773channel.频道.
774It's not even on his entertainment channel.连他的娱乐频道都没有
775The internet enables any niche interest as long as you're the互联网可以带来任何兴趣 只要你是
776best at it to scale out and the great news is because every最好能扩大范围 好消息是,每个
777human is different.人类不同
778Everyone is the best at something you being themselves.每个人最擅长的就是你自己
779Another tweet I have that is worth weaving in but didn't go我还有一条推文值得编织,但没有去
780into this tweet storm was a very simple one.这场推特风暴非常简单。
781I like things when they can compress them down because我喜欢那些可以压缩的东西 因为
782they're easy to remember it easy to hook on to but that one他们很容易记住 很容易钩上 但那个
783was escape competition through authenticity.是通过真实性逃避竞争
784So when you're competing with people it's because you're所以当你和别人竞争时 是因为你
785copying them.复制他们。
786It's because you're trying to do the same thing but every human那是因为你试图做同样的事情 但每个人
787is different don't copy.这是不同的,不要复制。
788I know we're mimetic creatures and Renee Gerard has a whole我知道我们是模仿生物 蕾妮·杰拉德有一套
789mimesis theory, but it's much easier than that.模拟理论,但比这容易得多。
790Don't imitate don't copy just do your own thing.不要模仿,不要复制 只是做你自己的事情。
791No one can compete with you on being you it's that simple and没有人可以和你竞争,因为你是那么简单
792so the more authentic you are to who you are and what you love所以,你越真实 你是谁,你爱什么
793to do the less competition you're going to have so you can来做你将要拥有的更少的竞争,这样你就可以
794escape competition through authenticity when you realize当你意识到通过真实性 逃避竞争
795that no one can compete with you on being you and normally没有人能和你竞争 与你和正常
796that would have been useless advice pre-internet post-internet那会是无用的忠告 前网后网
797you can turn that into a career talk a little bit about what你可以把这变成一个职业 谈一点点什么
798industries you should think about working in what kind of你应该考虑在什么样的行业工作
799job you should have and who you might want to work with.你应该有的工作 以及你可能想和谁合作。
800So you said one should pick an industry where you can play所以你说应该选一个你可以玩的行业
801long-term games with long-term people why yeah, this is an长期游戏与长期的人 为什么是的,这是一个
802insight into what makes Silicon Valley work and what makes深入了解硅谷的工作原理和作用
803high-trust societies work essentially all the benefits in life高度信任社会在生活上基本上享有所有利益
804come from compound interest whether it's in relationships无论是在恋爱中 都来自复合兴趣
805or making money or in learning so compound interest is a marvelous或赚钱 或学习 所以复加兴趣是惊人的
806force where it's like, you know, you start out with 1x what你从1x开始
807you have and then if you increase 20% a year for 30 years,如果你在30年内每年增加20%,
808it's not that you got 30 years times 20% added on it was compounding并不是说,你得到了30年 倍20%加在它的复合
809so it just grew and grew and grew until you suddenly got a所以,它只是生长和成长 直到你突然得到一个
810massive amount of whatever it is whether it's goodwill or love不管是善意还是爱情 都有很多
811or relationships or money.或关系或金钱。
812So I think compound interest is very important for so you have所以我觉得复合兴趣很重要 所以你有
813to be able to play a long-term game and long-term games are能够玩长期游戏和长期游戏
814good not just for compound interest.好,不只是为复合利息。
815They're also good for trust.它们也有利于信任。
816If you look at prisoners dilemma type games the solution to如果你看囚犯困境 类型游戏的解决方案
817prisoners dilemma is tit for tat, which is I'm just going to囚犯的两难境地是奶子 塔特,这就是我只是要去
818do to you what you did last time to me with some forgiveness做你上次对我做的事 原谅我
819in case there was a mistake made but that only works in an以防出错,但只有
820iterated prison prisoners dilemma.累累的囚犯困境。
821In other words, we play the game multiple times.换句话说,我们玩过多次游戏.
822So if you're in a situation like for example, you're in Silicon所以,如果你在类似的情况, 你在硅
823Valley where people are doing business with each other and谷地里人们互相做生意
824they know each other they trust each other then they do right他们互相认识,互相信任,然后做对的事
825by each other because they know this person will be around for因为他们知道这个人会来
826the next game and of course that doesn't always work because下一场比赛,当然也不一定成功,因为
827you can make so much money in one move in Silicon Valley.在硅谷的一次行动中,你可以赚很多钱。
828Sometimes people betray each other because they're just like有时人们背叛对方 因为他们就像
829I'm going to get rich enough about this that I don't care.我会得到足够的钱 关于这一点我不在乎。
830So there can be exceptions to all these circumstances, but因此,可以有例外 所有这些情况,但
831essentially if you want to be successful you have to work基本上 如果你想成功 你必须工作
832with other people and you have to figure out who can you trust和别人,你必须找出 谁可以信任你
833and who can you trust over a long long period of time that和谁可以信任 在很长一段时间,
834you can just keep playing the game with them so that compound你可以继续和他们玩游戏 这样复合
835interest in high trust will make it easier to play the game对高度信任的兴趣会让游戏更容易玩
836and will let you collect the major rewards which are usually以便你们获得通常的重大的报酬,
837at the end of the cycle.周期结束时。
838So for example, Warren Buffett has done really well as an例如,沃伦·巴菲特做得很好
839investor in the US stock market.美国股票市场的投资者。
840But the biggest reason he could do that was because the US但他能这么做的最大原因是美国
841stock market has been stable and around and didn't get for股票市场一直很稳定,而且没有
842example, seized by the government during a bad administration例如,在政府不善时被政府扣押
843or the US didn't plunge into some war.或者美国没有陷入战争
844The underlying platform didn't get destroyed.基础平台没有被破坏.
845So in his case, he was playing a long-term game and the所以在他的案子里 他玩了个长期游戏
846trust came from the US stock market stability in Silicon信任来自美国硅股票市场的稳定
847谷 Valley.
848The trust comes from the network of people in the small信任来自于 网络的人在小
849geographic area that you figure out over time who you can随着时间的推移,你能找到的地理区域
850work with who you can if you keep switching locations, you如果你继续切换位置 就能和谁合作
851keep switching groups.继续切换组。
852Let's say you started out in the woodworking industry and假设你是从木工行业开始的
853you build up a network there and you're working hard.你在那里建立网络,你努力工作。
854You're trying to build a product in the woodworking industry你想在木工行业制造产品
855and suddenly another industry comes along that's adjacent突然间又出现了一个工业 毗邻的
856but different but you don't really know anybody in it and但不一样,但你并不认识任何人
857you want to dive in and make money there.你想潜进去赚钱
858If you keep hopping from industry to know actually I need如果你继续从行业购物 来知道实际上我需要
859to open a line of electric car stations for electric car开通电动车站
860refueling.补油。
861That might make sense.这也许有道理。
862It might be the best opportunity but every time you reset这也许是最好的机会 但你每次重设
863every time you wander out of where you built your network,每次你走出你的网络
864you're going to be started from scratch.你会从头开始
865You're not going to know who to trust.你不会知道该相信谁
866They're not going to trust you.他们不会相信你的
867There are also industries in which people are transient by也有一些行业,人们通过
868definition.定义。
869They're always coming in and going out politics is an他们总是进进出出 政治是一个
870example of that right in politics new people are being政治中这项权利的例子 新的人正在
871elected.当选。
872You see in politics that when you have a lot of old-timers在政治中你可以看到,当你有很多老家伙
873like the Senate people have been around for a long time就像元老院的人 已经在这里很久了
874and they've been career politicians.他们是职业政治家
875Yeah, there's a lot of downside to career politicians like对 职业政客来说有很多缺点
876corruption but an upside is they actually get deals done腐败,但有一个反面是 他们实际上得到的交易做
877with each other because they know the other person is going因为他们知道对方要去
878to be in the same position 10 years from now and they got10年后,他们就在同一位置
879to keep dealing with them.继续对付他们
880So they might as well learn how to cooperate.所以他们最好学会如何合作。
881Whereas every time you get like a new incoming freshman而每次你得到像一个新的新生
882class in the House of Representatives which turns over众议院的班级
883every two years the big wave election nothing gets done两年一次的大浪选举 什么都没有做
884because there's a lot of fighting because I just got here.因为我刚到这儿 有很多战斗
885I don't know you.我不认识你
886I don't know if you're going to be around.我不知道你会不会在附近
887Why should I work with you rather than just trying to do我为什么要跟你合作 而不是仅仅努力去做
888whatever I think is right?我觉得对吗?
889So it's important to pick an industry where you can play所以,重要的是选择一个行业 你可以玩
890long-term games and with long-term people so those people长期游戏 和长期的人 所以那些人
891have to signal that they're going to be around for a long一定要发出信号,他们会在附近待很久
892time that they're ethical and their ethics are visible to时间,他们道德 和他们的道德可见
893their actions in a long-term game.他们的行动在长期游戏。
894It seems that everybody is making each other rich and in看来大家都在互相致富
895a short-term game it seems like everybody is making themselves一个短期游戏,似乎每个人都在自制
896rich.有钱
897I think that is a brilliant formulation.我认为这是一个非常出色的提法。
898Yeah in a long-term game.是啊,在一个长期游戏。
899It's positive some we're all baking the pie together.我们一起烤馅饼是肯定的
900We're trying to make it as big as possible in a short-term我们试图在短期内尽可能大
901game.游戏。
902We're cutting up the pie.我们要切掉馅饼了
903Now.现在
904This is not to excuse the socialists right the socialists这不是为社会主义者对社会主义者的正确辩护
905the people who are not involved in baking the pie and who没有参与烘焙馅饼的人
906show up at the end and say I want a slice or I want the出现在最后,说我要一个片或我想要
907whole pie they show up at the guns, but I think a good整个派,他们出现在枪, 但我认为一个好
908leader doesn't take credit a good leader tries to inspire领导者不把功劳当好领导者 试图激励
909peoples that the team get the job done and then things get团队的工作完成,然后事情得到
910divided up according to fairness and who contributed how按照公平原则分开,由谁出资
911much or as close to it as possible and took a risk as尽可能靠近它 并承担了风险
912opposed to just whoever has the longest knife the sharpest反对谁有最长的刀 最锋利
913knives at the end.刀在端头.
914So these next two tweets are play iterated games all returns接下来的两条微博都是玩游戏的
915in life whether in wealth relationships or knowledge come无论是财富关系还是知识的到来
916from compound interest.从复合利息。
917Yeah, when you've been doing business with somebody you've是啊,当你一直 与某人做生意,你有
918been friends with somebody for 10 years 20 years 30 years it和别人交了十年 二十年 三十年
919just gets better and better because you trust them so easy只是越来越好,因为你信任他们那么容易
920if the friction goes down you can do bigger and bigger如果摩擦下来,你可以做更大的,更大的
921things together.东西在一起。
922For example, you know the simplest one is getting married比如说,你知道最简单的是结婚
923to someone having kids and raising children like that's给一个有孩子 抚养孩子的人
924compound interest right investing in those relationships投资于这些关系的复利权利
925those relations end up being invaluable compared to more这些关系最终比
926casual relationships.临时的关系。
927It's true in health and fitness, you know, the fitter在健康和健身方面都是真实的,你知道的,适者
928you are the easier just to stay fit where's the more you你是比较容易保持 适合在哪里 你越多
929deteriorate your body the harder just to come back and让你的身体恶化 越难回来
930claw your way back to a baseline it requires heroic抓住你的路回到基线 它需要英雄
931acts regarding compound interest.涉及复合利息的行为。
932I think I saw you retweet something a while back.刚才我看到你再发短信了
933Maybe it was from Ed Latimore.也许是艾德·拉蒂莫的
934It was something along the lines of get some traction get就像是得到一些牵引力
935purchase and don't lose it.购买和不要失去它。
936So the idea was to gain some initial traction and never fall所以这个想法是获得一些初始的牵引力 并且永远不坠落
937back.回来
938Just keep ratcheting up and up.继续往上转
939I don't remember it exactly.我不记得了
940But I think that was right.但我认为这是正确的。
941Yeah, I was like get traction and don't let go.是的,我就像得到 牵引和不要放手。
942It was a good one.这是一个很好的。
943Yeah in terms of pick people to work with that have high是啊,在挑选人 与有高
944intelligence high energy and high integrity.高能量和高完整性
945I find that's the three-part checklist that you cannot我认为这是三部分的检查表,你不能
946compromise on you need someone who's smart or they're heading妥协吧,你需要一个聪明人,或者他们正在前进
947{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}你走错方向了 {\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}你不会进监狱的
948the right place.正确的地点。
949You need someone high energy because the world is full of你需要一个高能量的人 因为世界充满了
950smart lazy people.聪明懒汉.
951We all know people in our lives are really smart, but you我们都知道生活中的人很聪明 但你
952know can't get out of bed or lift a finger and we also know知道不能下床或举起手指 我们也知道
953people who are very high energy, but not that smart.高能量的人,但没那么聪明。
954So they work hard, but they're running in the wrong direction所以他们努力工作,但他们跑的方向不对
955and smart.和聪明。
956It's not a pejorative.亦非贬义.
957It's not meant to be like someone smart.谓非有为智者.
958Someone else is stupid, but it's more that everyone smart别人很蠢,但更聪明的是
959at different things.在不同的事物。
960So depending on what you want to do.所以取决于你想做什么。
961Well, you have to find someone who's smart at that thing and你得找一个很聪明的人
962then energy a lot of times people are unmotivated for a那么,能量很多时候 人们没有动机
963specific thing, but they're not motivated for other things.具体的事情, 但他们没有动机 其他的东西。
964So for example, someone might be really unmotivated to go to比如说,有人可能真的没有动机去
965a job and sit in an office, but they might be really motivated工作,坐在办公室里, 但他们可能真的有动机
966to go paint right on that case.去给那个案子画画
967They should be a painter.他们应该是一个画家。
968They should be putting art up on the internet trying to figure他们应该把艺术放在互联网上 试图去想
969{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}而不是穿
970a collar around their neck and going to a dreary job and then项圈缠住他们的脖子 然后去干活 然后
971high integrity is the most important because otherwise you高品德是最重要的 因为否则你
972got the other two what you have is you have a smart and有了另外两个 你有一个聪明人
973hard-working crook who's eventually going to cheat you.勤奋的骗子 谁最终会欺骗你。
974So you have to figure out the person's high integrity.所以你得弄清楚这个人的高度正直
975As we talked about the way you do that is through signals and正如我们谈论的 你如何做到这一点 通过信号和
976signals is what they do not what they say.信号不是他们所说的
977It's all the nonverbal stuff that people do when they think这是所有非语言的东西 当人们认为
978nobody's looking with respect to the energy.没人在看能量
979There was this interesting thing from Sam Altman a while萨姆·阿尔特曼有件有趣的事
980back where he was talking about delegation and he was saying他当时在谈论代表团 他说
981one of the important things for delegation is delegate to代表团的一个重要事项是:
982people who are actually good at the thing that you want them真正擅长你想要的东西的人
983{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}我们得去
984It's the most obvious thing, but it seems like you want to这是最明显的事情,但似乎你想
985partner with people who are naturally going to do the things和那些自然会做的事情的人合作
986that you want them to do.你希望他们这样做。
987Yeah, I almost won't start a company or hire a person or work是啊,我几乎不会创办公司 或雇用一个人或工作
988with somebody if I just don't think they're into what I want和别人在一起,如果我不认为 他们喜欢我想要的
989them to do when I was younger.我年轻的时候,他们就会这么做
990I used to try and talk people into things.我曾经尝试 和人交谈的东西。
991I was an idea that you can sell someone into doing something我是一个想法,你可以 出卖某人做一些事情
992but you can't you can't keep them motivated.但你不能保持他们的动机。
993You can get them inspired initially.你可以先给他们灵感
994It might work if you're a king like Henry the fifth and you如果你是像亨利一样的国王...
995try to get them to just charge into battle and then they'll让他们投入战斗 然后他们就会
996figure it out.想办法
997But if you're trying to keep someone motivated for the long但如果你想让某个人 长久地
998term that motivation has to come intrinsically you can't just动机的内在性,你不能只是
999create it nor can you be the crutch for them if they don't如果他们不这样做,你绝不能做他们的监护者。
1000have that intrinsic motivation.有内在的动机。
1001So you have to make sure people actually are high-energy and所以,你必须保证 人们实际上是高能量和
1002want to do what you want them to do or what you want to work想要做你想做的 或者你想工作
1003with them.与他们。
1004Reading signals is very very important signals are what people阅读信号是非常重要的信号 是人
1005do despite what they say.尽管他们说。
1006So it's important to pay attention to subtle signals.所以必须注意微妙的信号.
1007We all know this socially if someone treats a waiter waitress我们都知道,如果有人对待服务员
1008in a restaurant really badly, then it's only a matter of time在餐厅里很糟,那只是时间问题
1009until they treat you badly if somebody screws over an enemy如果有人在敌人面前捣乱 就会对你不好
1010and is vindictive towards them.并惩罚他们。
1011Well, it's only a matter of time before they redefine you from好吧,这只是时间问题 他们重新定义你从
1012friend to enemy and you feel their wrath.敌人的朋友,你感觉到他们的愤怒。
1013So angry outraged vindictive short-term thinking people are所以愤怒的愤怒 报复性的短期思考 人们是
1014essentially that way in many interactions in their life.在他们生活中的许多互动中,基本上都是这样。
1015People are oddly consistent.人们是奇怪的一致。
1016It's one of the things you learn about them.这是你了解的其中之一
1017So you want to find long-term people you want to find people所以,你想找到长期的人,你想找的人
1018who seem irrationally ethical.他们似乎不合乎道德
1019For example, I had one friend of mine whose company I invested例如,我有一个朋友 我投资的公司
1020in and the company failed and he could have wiped out all the公司失败了 他本可以消灭一切
1021investors, but he kept putting more and more personal money投资人,但他不断投放 越来越多的个人钱
1022in through three different pivots.穿过三个不同的小洞
1023He put personal money in until the company finally succeeded他把个人的钱放进去 直到公司成功
1024and in the process.并在此过程中。
1025He never wiped out the investors and I was always grateful他从不消灭投资人 我一直很感激
1026to him for that.给他的这个。
1027I said like why that's amazing that you know, you are so good我说了为什么你这么厉害
1028to your investors.给您的投资者。
1029You didn't wipe them out and he got offended by that.你没有消灭他们 他因此生气
1030He said I didn't do it for you.他说我不是为了你
1031I didn't do it for my investors.我不是为了我的投资者
1032I did it for me.我是为了我
1033It's my own self-esteem.即是自负.
1034It's what I care about.这就是我关心的。
1035That's how I live my life.这就是我的生活。
1036That's the kind of person you want to work with another quote这就是那种你想用另一个引语工作的人
1037that I like I would tweet on this.我喜欢在推特上说
1038I think I read this somewhere else recently.我最近在别的地方读了这个
1039So I'm not taking credit for this, but I modified a little所以,我不为这功劳, 但我修改了一点
1040bit which is that self-esteem is a reputation that you have也就是自尊是你们有的名声
1041with yourself.与你自己。 (笑声)
1042You always know so good people moral people ethical people你总是那么好的人 道德的人 道德的人
1043easy to work with people reliable people tend to have与可靠人合作往往容易
1044very high self-esteem because they have very good reputation高度的自尊 因为他们有非常好的声誉
1045with themselves and they understand that it's not ego他们明白这不是自我
1046self-esteem and ego are different things because ego can自尊和自我是不同的事物 因为自我可以
1047be undeserved but self-esteem at least you feel like you lived不值得但自尊 至少你觉得自己活着
1048up to your own internal moral code of ethics and so it's very最高到你的内部道德 道德守则,所以它非常
1049hard to work with people who end up being low integrity and很难与人合作 那些最终是低廉和
1050it's hard to figure out who's high integrity and low很难确定谁是高正直和低贱的
1051integrity generally the more someone is saying that they're人越是说他们
1052moral and ethical and high integrity the less likely there道德、道德和高尚的品德
1053to be that way.以这种方式。
1054It's very much like status signaling if you overtly bid这就像状态信号 如果你公开出价
1055for status if you overly talk about being high status that如果你过度谈论高地位
1056is a low status move if you openly talk about how honest如果你公开说出有多诚实,那就太低级了
1057and reliable and trustworthy you are you're probably not可靠和值得信赖的你 你可能不是
1058that honest and trustworthy.诚实可靠
1059That is a characteristic of con men.这是骗子的一个特征。
1060So yeah, pick an industry in which you can play long-term所以,选择一个行业 你可以玩长期
1061games with long-term people.与长期人士游戏.
1062Let's do this last tweet.让我们做这最后的微博。
1063You said don't partner with cynics and pessimists their你说不要和愤世嫉俗的人结为伙伴
1064beliefs are self-fulfill and yeah, essentially to create信仰是自我实现的,是的,本质上是创造
1065things you have to be a rational optimist rational in the事情你必须是一个理性的乐观主义者 理性在
1066sense that you have to you'll see the world for what it感觉你必须面对世界
1067really is and yet you have to be optimistic about your own真的,你必须对自己乐观
1068capabilities and your capability to get things done.以及你把事情办好的能力
1069We all know people who are consistently pessimistic who我们都知道有些人总是悲观
1070{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}会击落每个人生命中的一切
1071the helpful critical guy, right?那个有帮助的批评者,对吧?
1072He thinks he's being helpful, but he's actually being critical他认为他有帮助,但他其实是批评
1073and he's a downer on everything that person will not only never而他却对一切感到沮丧 这个人不仅永远不会
1074do anything great in their lives.做他们生活中伟大的事
1075They'll prevent other people around them for doing something他们会阻止周围的人做一些事情
1076great.伟大的。
1077They think their job is to shoot holes in things and it's他们认为他们的工作是打洞的东西,这是
1078okay to shoot holes in things as long as you come with the只要你们能一起来
1079solution.解决方案。
1080There's also the classic like military line either lead follow还有经典的,如军事线 要么领队跟着
1081or get out of the way and these people want a fourth option或者让开 这些人想要第四个选择
1082where they don't want to lead they don't want to follow but在那里他们不想领导 他们不想跟随,但
1083they don't want to get out of the way they want to tell you他们不想离开他们想告诉你的路
1084why the things not going to work and all the really successful为什么事情不会起作用 所有真正成功的
1085people.人们
1086I know have a very strong action bias.我知道有很强的动作偏差。
1087They just do things the easiest way to figure out if something's他们只是做一些最容易 找出事情
1088viable or not is by doing it at least do the first step in是否可行至少是第一步
1089the second step in the third and then decide so if you want第三步的第二步,然后决定 如果你想
1090to be successful in life creating wealth or having good在生活中成功创造财富或善良
1091relationships or being fit or even being happy you need to关系或适合 甚至快乐 你需要
1092have an action bias towards getting what you want and you行动偏向于获得你想要的 和你
1093have to be optimistic about it.必须对此持乐观态度。
1094Not irrationally.没有不理智的。
1095There's nothing worse than someone who's just like foolhardy没有什么比像傻子一样的人更糟糕的了
1096and chasing it's not work.追寻它不是工作。
1097That's a rational optimist, but you have to be rational know这是一个理性乐观主义者, 但你必须理性知道
1098all the pitfalls know the downsides but still keep your所有陷阱都知道缺点 但仍留着你的
1099chin up when you've got one life on this planet.当你有生命在这个星球上。
1100Why not try to build something big?为什么不试着做点大的事呢?
1101This is the beauty of Elon Musk and why I think he inspires这是伊隆·穆斯克的美丽,我为什么认为他激励
1102so many people is just because he takes on really really big这么多人只是因为他 承担真的很大
1103audacious tasks and he provides an example for people to think大胆的任务,他为人们提供了思考的榜样
1104big and it takes a lot of work to build even small things.建造小东西需要很多工作
1105I don't think the corner grocery store owner is working any我觉得街角杂货店老板没有工作
1106less hard than Elon Musk or pouring any less sweat and toil不如伊隆穆斯克硬 或倒下汗水和劳累
1107into it maybe even more but for whatever reason, you know也许更多,但无论出于什么原因
1108education circumstance.教育情况。
1109They didn't get the chance to think as big so the outcome is他们没机会想得那么大 结果就是
1110not as big.没那么大。
1111So it's just better to think big obviously rationally within因此,它只是更好 思考大显然 理性的内心
1112your means to stay optimistic the cynics and the pessimists你的手段是保持乐观 愤世嫉俗和悲观主义者
1113what they're really saying and fortunate, but they're saying他们真正说的话很幸运,但他们在说
1114I've given up.我放弃了
1115I don't think I can do anything and so the world to me just我觉得我什么也做不了 所以这个世界就对我
1116looks like a world where nobody can do anything.看起来像一个没有人能做什么的世界。
1117And so why should you go do something because if you fail那你为什么要去做点什么 因为如果你失败了
1118then I'm right, which is great.那我是对的,这是伟大的。
1119But if you succeed then you just make me look bad.但是如果你成功的话 你就让我看起来很糟
1120Yeah, it's probably better to be an irrational optimist than是啊,它可能更好 作为一个非理性乐观主义者 比
1121it is to be a rational cynic.这是理性的愤世嫉俗
1122Yeah, there's a completely rational frame on why you是啊,有一个完全合理的框架 关于你为什么
1123should be an optimist.应该是一个乐观主义者。
1124Historically, if you go back 2,000 years 5,000 years 10,000历史上,如果你回到两千年 5000年 10,000年
1125years two people are wandering through a jungle.两年来,两个人在丛林中徘徊
1126They hear a tiger one's an optimist and says oh, it's not他们听到一只老虎是乐观主义者 说,哦,不是
1127headed our way.我们的路。
1128The other one says I'm a pessimist.另一个说我是个悲观主义者
1129I'm out of here and the pessimist runs and survives and我走了 悲观派跑了 活了下来
1130the optimist gets eaten.乐观主义者被吃掉了
1131So we're descended from pessimists.所以我们是悲观派的后裔
1132We're genetically hardwired to be pessimists, but modern我们的基因是坚固的 悲观主义者,但现代的
1133society is far far safer.社会更加安全。
1134There are no tigers wandering down the street.街上没有老虎
1135It's very unlikely that you will end up in total ruin.你不可能彻底毁灭
1136Although you should avoid total ruin much more likely that虽然你应该避免完全毁灭 更可能
1137the upside is unlimited and the downside is limited.颠倒是无限的,负面是有限的。
1138So adapting for modern society means overriding your pessimism所以适应现代社会意味着压倒你的悲观
1139and taking slightly irrationally optimistic bets because并且打着有点不合理乐观的赌注 因为
1140the upside is unlimited.颠倒是无限的。
1141如果你开始下一个SpaceX或Tesla或Uber,你可以
1142make billions of dollars of value for society and for创造数十亿美元的社会价值和
1143yourself and change the world.改变世界
1144And if you fail, that's a big deal.如果你失败了,那是个大问题。
1145You lost a few million dollars of investor money and they've你损失了几百万的投资人的钱,他们已经
1146got plenty more and that's the bet they take the chances还有很多钱 赌注就是他们冒险
1147that you will succeed.你会成功的
1148It made sense to be pessimistic in the past.过去悲观亦复如是.
1149It makes sense to be optimistic today, especially if you're今天乐观有道理,特别是如果你
1150educated living in a first world country, even a third生活在第一世界国家,甚至三分之一
1151world country.世界国家。
1152I actually think the economic opportunity in third world其实我觉得第三世界的经济机会
1153countries are much larger.国家的规模要大得多。
1154The one thing you have to avoid is the risk of ruin.你唯一要避免的就是毁灭的危险
1155Ruin means to stay out of jail.鲁因的意思是远离监狱。
1156So don't do anything that's illegal.所以别做违法的事
1157It's never worth it to wear an orange jumpsuit and stay out穿一件橙色的跳伞服,别出来
1158of total catastrophic loss.彻底的灾难性损失。
1159That could mean that you stay out of things that could be那可能意味着你别插手可能的事
1160physically dangerous, hurt your body.身体危险,伤害你的身体。
1161You have to watch your health and stay out of things that你一定要注意健康 远离那些事
1162can cause you to lose all of your capital, all of your让你失去所有资本,所有资本
1163savings.储蓄。
1164It'll gamble everything at one go, but you take rationally它会赌一切一去, 但你理智地对待
1165optimistic bets with big upside.乐观的赌注,大颠倒。
1166I think there's people that will try and build up your我想有些人会试着建立你的
1167ideas and build on your ideas, no matter how far-fetched无论你的想法有多牵强
1168they might seem.他们可能看起来像。
1169And then there are people who will list out all the obvious然后有人会列出所有明显的
1170exceptions, no matter how obvious they are.例外,不管它们有多明显。
1171And fortunately in the startup world, I don't even really幸运的是,在创业世界里,我甚至没有真正
1172get exposed to the people that are giving you the obvious暴露在那些给你机会的人面前
1173exceptions and all the reasons it's not going to work.特例和所有原因都行不通
1174I barely get exposed to that anymore.我几乎不再接触那个了。
1175这就是Twitter的用途.
1176Scott Adams got so annoyed by this that he came up with斯科特·亚当斯对此感到很烦恼 于是他想出了
1177the phrase, an acronym, which is, but of course there are这个词,一个缩写,是, 但当然有
1178obvious exceptions, B-O-C-T-A-O-E, and he used to like很明显的例外,B -O -C -T
1179pin that acronym at the end of his articles for a while.在文章结尾处贴上这个缩写
1180But Twitter is just like overrun with nitpickers.但推特就像被吸食硝酸盐的人所淹没。
1181And where it's exactly as you're pointing out, Silicon和你说的一样,硅
1182Valley has learned that the upside is so great that you谷子已经得知, 颠倒是如此伟大的你
1183never look down on the slobby kid who's wearing a hoodie永远不要看不起那个穿连衣帽的荡妇
1184and has like coffee on his shoes and just looks like a他的鞋上有咖啡 看起来像个
1185slob because you don't know if he's going to be the next因为你不知道他是不是下一个
1186Mark Zuckerberg or the next Reid Hoffman.马克·扎克伯格或下一个里德·霍夫曼.
1187So you've got to treat everybody with respect.所以你要尊重每个人
1188You've got to look up to every possibility and opportunity你要注意所有的可能性和机会
1189because the upside is so unlimited and the downside is因为颠倒是无限的 负面是
1190so limited in the modern world, especially with financial在现代世界如此有限,特别是在金融领域
1191assets and instruments.资产和工具。
1192You want to talk a little bit about the skills that you你想谈谈你的技能
1193need in particular, specific knowledge, accountability,具体需要,具体知识、问责制、
1194leverage and judgment.杠杆和判断。
1195So the first tweet in this area is arm yourself with specific所以这个区域的第一个微博 是用特定的武装自己
1196knowledge, accountability and leverage and I'll throw in知识,责任和杠杆,我会投入
1197judgment as well.判断也一样。
1198I don't think you covered that in that particular tweet.我想你没有在那个微博里说
1199If you want to make money, you have to get paid at scale要想赚钱,就要按规模赚钱
1200and why you that's accountability at scale, that's以及你为什么 问责的规模,这就是
1201{\fn黑体\fs20\shad2\2aH82\3aH20\4aH33\fscx95\3cH592001\be1}只要你得到报酬 而不是别人
1202else getting paid that specific knowledge.否则得到报酬 具体的知识。
1203So specific knowledge is probably the hardest thing to所以,具体的知识可能是最难的
1204get across in this whole tweet storm and it's probably the在整个推特风暴中渡过 这可能是
1205thing that people get the most confused about the thing is人们最困惑的是
1206that we have this idea that everything can be taught.我们有这个想法,一切可以教。
1207Everything can be taught in school and it's not true that一切都可以在学校教 不是真的
1208everything can be taught.一切众生皆能教化.
1209In fact, the most interesting things cannot be taught but事实上,最有趣的事情是不能教的
1210everything can be learned and very often that learning either一切可以学习 经常学习
1211comes from some innate characteristics in your DNA or来源于你DNA中的一些固有特征
1212it could be through your childhood where you learn soft可能在你的童年中学会柔软
1213skills, which are very, very hard to teach later on in life技能,这是非常,非常难 教授以后的生活
1214or it's something that is brand new.或者这是全新的东西。
1215So nobody else knows how to do it either or it's true on所以,没有人知道如何做到这一点 或者它是真实的
1216the job training because your pattern matching into highly职业训练,因为你的模式高度匹配
1217complex environments building judgment in a specific domain在特定领域建立判断力的复杂环境
1218classic examples investing, but it could be in anything.典型的例子投资,但它可能是在任何东西。
1219It could be in judgment in running a fleet of trucks could经营一队卡车可能
1220be judgment in weather forecasting.对天气预报有判断力
1221So specific knowledge is the knowledge that you care about所以,具体的知识是 你关心的知识
1222especially if you're later in life.特别是如果你在晚年的生活。
1223Let's say you're post-20, 21, 22, you almost don't get to假设你是20,21,22,你几乎没有得到
1224choose which specific knowledge you have rather you get to选择您拥有哪些特定知识
1225look at what you have already built by that point in time看看你已经造出来的东西
1226and then you can build on top of it.然后,你可以在它的顶部。
1227The first thing to notice about specific knowledge is that首先要注意的是,
1228you can't be trained for it.你无法接受训练
1229If you can be trained for it, if you can go to a class and如果你能接受训练 如果你能上一个班
1230learn specific knowledge, then somebody else can be trained学会具体的知识,然后可以训练别人
1231for it too and then we can mass produce and mass train people这样我们就能大量生产 大量训练人
1232heck we can even program computers to do it and eventually我们甚至可以编程电脑来完成,最终
1233we can program robots to walk around doing it.我们可以编程机器人走来走去
1234So if that's the case, then you're extremely replaceable所以,如果是这样的话,那么你是非常可以替代的
1235and all we have to pay you is the minimum wage that we have我们只付你最低工资
1236to pay you to get you to do it when there are lots of other付你钱让你做 当有很多其他的
1237takers who can be trained to do it.能受修行者摄持.
1238So really your returns just devolve into your cost of所以,真的,你的回报 刚刚转移到你的成本
1239training plus the return on investment on that training.培训加上对培训的投资回报。
1240So you really want to pick up specific knowledge.所以,你真的想 收集具体的知识。
1241You need your schooling.你需要上学
1242You need your training to be able to capitalize on the你需要你的训练才能利用
1243best specific knowledge.最具体的知识。
1244But the part of it that you get paid for is the specific但你得到报酬的部分是具体的
1245knowledge.知识。
1246For example, someone who goes and gets a degree in比如说,一个人去 并获得学位
1247psychology and then becomes a salesperson.心理学然后成为一个推销员。
1248Well, if they were already a formidable salesperson had那么,如果他们已经是一个可怕的推销员
1249great salesmanship to begin with then the psychology伟大的销售技巧从心理学开始
1250degree is leverage.学位是杠杆。
1251It arms them and they do much better at sales.它武装他们,他们在销售方面做得更好。
1252But if they were always an introvert never very good at但是,如果他们总是 一个内向者不擅长
1253sales and they're trying to use psychology to learn sales,他们试图用心理学来学习销售,
1254they're just not going to get that great at it.他们只是不会得到那么好的。
1255Specific knowledge is found much more by pursuing your通过追求你
1256innate talents, your genuine curiosity and your passion.天赋,你真正的好奇心和激情
1257It's not by going to school for whatever is the hottest不是因为上学才最热的
1258job.任务。
1259It's not for going into whatever field investors say is这不是去 任何外地投资者说
1260the hottest.最热的。
1261Very often specific knowledge is at the edge of knowledge.具体知识往往处于知识的边缘。
1262It's also stuff that's just being figured out or is really也有些事情是刚刚才想出来的 或者真的
1263hard to figure out.难解.
1264So if you're not a hundred percent into it somebody else所以,如果你不是百分百 进入它的人
1265who is a hundred percent into it will outperform you.谁在其中百分百 将超过你。
1266And they won't just outperform you by a little bit.而且他们不会仅仅比你多一点。
1267They'll outperform you by a lot because now we're operating它们会比你多得多 因为现在我们行动了
1268the domain of ideas compound interest really applies and思想领域 复合兴趣 真正适用和
1269leverage really applies.杠杆真的适用。
1270So if you're operating with a thousand times leverage and所以,如果你运行 用一千倍的杠杆和
1271somebody is right 80% of the time and somebody is else80%的时间都是对的 有人是别人
1272right 90% of the time the person who's right 90% of the时间的90% 正确者时间的90%
1273time will literally get paid hundreds of times more by the时间会得到数百倍的薪水
1274market because of the leverage and because of the compounding由于杠杆和复合
1275factors and being correct.因素和正确性。
1276So you really want to make sure you're good at it.所以,你真的想要确保 你擅长它。
1277So your genuine curiosity is very important.所以你真正的好奇心是非常重要的
1278So very often it's not something you sit down and you所以,经常这不是什么 你坐下和你
1279reason about it's more found by observation.其原因更多是通过观察发现的.
1280You almost have to look back on your own life and see what你几乎必须回首你自己的生活,看看什么
1281you're actually good at.你其实很擅长
1282For example, I wanted to be a scientist and that is where a例如,我想成为一名科学家,那就是
1283lot of my moral hierarchy comes from.我道德等级的很多来源
1284I view scientists at the top of the production chain for我将科学家置于生产链的顶端
1285humanity and the group of scientists who have made real人类和科学家的
1286breakthroughs and contributions have probably added more to突破和贡献可能增加了
1287society.社会。
1288I think than any single other class of human beings not take我想比其他任何一类人类都不要
1289away anything from art or politics or engineering or远离艺术、政治、工程或
1290business, but without the science, you know, we'd still但是如果没有科学,你知道,我们仍然
1291be scrabbling in the dirt fighting with sticks and trying在泥土中摇摇欲坠 用棍棒搏斗和尝试
1292to start fires.引发火灾。
1293My whole value system was built around scientists and I我的整个价值系统 围绕科学家和我
1294wanted to be a great scientist, but when I actually look back想要成为一位伟大的科学家, 但当我真的回头看
1295{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}我最擅长的是什么
1296my time doing it was more around making money tinkering我的时间做它 更多围绕赚钱
1297with technology and selling people on things explaining技术 和推销人的东西解释
1298things talking to people.和别人说话的事
1299So I have some sales skills, which is a form of specific所以,我有一些销售技能, 这是一种形式的具体
1300knowledge that I have.我拥有的知识。
1301I have some analytical skills around how to make money and我有一些分析技巧 如何赚钱和
1302having this ability to absorb data obsess about it and break拥有这种吸收数据的能力
1303it down and that is a specific skill that I have.它下来,这是一个特定的技能,我有。
1304I also just love tinkering with technology and all of this我也喜欢用科技和这一切
1305stuff feels like play to me, but it looks like work to感觉就像在玩耍,但看起来像工作
1306others.别人。
1307So there are other people to whom these things things所以还有其他人 这些东西的人
1308would be hard.这将是艰难的。
1309They say like, well, how do I get good at being pithy and selling ideas?他们说,嗯,我如何得到好 做pitty和销售想法?
1310Well, if you're not already good at it or you're not really into it, maybe it's not好吧,如果你已经不擅长它 或者你不是真的喜欢它,也许它不是
1311your thing.你的东西。
1312Focus on the thing that you are really into.专注于你真正喜欢的东西。
1313This is ironic, but the first这是讽刺,但第一个
1314person to actually point out my real specific knowledge was my mother.其实我真正的知识是我妈妈
1315And she did it as她这样做是
1316an aside talking from the kitchen.在厨房边说话
1317And she said it when I was like 15 or 16 years old.我15或16岁时她就这么说了
1318I was telling a friend of mine that I wanted to be an astrophysicist.我告诉一个朋友 我想成为一个天体物理学家。
1319And she said, no,她说,不,
1320you're going to go into business.你会去做生意。
1321And I was like, what?我当时想,什么?
1322My mom's telling me I'm going我妈说我要走了
1323to be in business.来做生意。
1324I'm going to be an astrophysicist.我要成为天体物理学家
1325Mom doesn't know what she's talking about.妈妈不知道她在说什么
1326But mom knew exactly what she was talking about.但是妈妈知道她在说什么
1327She had already observed that every她已经注意到,
1328time we walked down the street, I would critique the local pizza parlor on why they were selling当我们走在街上, 我会批评当地披萨店 他们为什么卖
1329their slices a certain way with certain toppings and why their process of ordering was this他们的切片 一定的方式 与某些顶端 和为什么他们订购的过程 是这个
1330way when it should have been that way.应该是那样的
1331So she knew that I was just had more of a business所以她知道我只是有点生意
1332curious mind.好奇的头脑。
1333But then my obsession with science combined to create technology and technology但后来我对科学的痴迷 结合了科技创造
1334business is where I found myself.生意就是我发现自己的地方
1335So very often, your specific knowledge is observed所以经常被观察你的具体知识
1336and often observed by other people who know you well and revealed in situations rather并经常被其他人观察到 他们非常了解你 并在情况中透露
1337than something that you come up with.而不是你想出的东西。
1338To the extent that specific knowledge is taught,在传授具体知识方面,
1339it's on the job.这是在工作。
1340It's through apprenticeships.这是通过学徒。
1341And that's why the best businesses, the best这就是为什么最好的企业,最好的
1342careers are the apprenticeship careers, because those are things that society still has not职业是学徒生涯,因为这些是社会还没有的东西
1343figured out how to train and automate yet.已经想好了如何训练 如何自动化
1344The classic line here is that Warren Buffett这里经典的台词是沃伦·巴菲特
1345went to Benjamin Graham when he got out of school.本杰明·格雷厄姆放学后去了学校.
1346And Benjamin Graham was the author本杰明・格雷厄姆是作者
1347of The Intelligent Investor and sort of modernized or created value investing as a discipline.和某种现代化或创造价值投资作为一种学科。
1348And Warren Buffett went to Benjamin Graham and offered to work for him for free.而沃伦·巴菲特则去找本杰明·格雷厄姆,主动提出免费为他工作.
1349And还有
1350Graham said, actually, you're overpriced.Graham说 其实你太贵了
1351Free is overpriced.免费价格过高。
1352And Graham was absolutely格雷厄姆绝对是
1353right that when it comes to a very valuable apprenticeship, like the type that Graham没错,当它涉及到 一个非常宝贵的学徒, 像那种类型的格雷厄姆
1354was going to give Buffett, Buffett should have been paying him a lot of money.本来打算给巴菲特, 巴菲特应该付他很多钱。
1355And that还有
1356right there tells you that those are skills worth knowing.告诉你这些是值得学习的技能
1357Specific knowledge also tends具体知识也趋向于
1358to be technical and creative.具有技术和创造性。
1359So on the bleeding edge of technology, on the bleeding edge of因此,在技术的流血边缘, 在流血边缘,
1360art, on the bleeding edge of communication.艺术,在流血的 通讯边缘。
1361Even today, for example, there are probably例如,即使在今天,也可能有
1362meme lords out there on the internet who can create incredible memes that will spread the互联网上那些能创造出 令人难以置信的记忆的领主们
1363idea to millions of people or very persuasive.给数百万人的想法 或者很有说服力
1364Like, for example, Scott Adams is a good example比如说,斯科特·亚当斯就是个好例子
1365of this.这个
1366He's essentially becoming one of the most credible people in the world by making他基本上正在成为世界上最可信的人之一 通过制造
1367accurate predictions through persuasive arguments and videos.通过有说服力的论证和视频进行准确的预测.
1368And that is specific knowledge这就是具体的知识
1369that he has built up over the years because he got obsessed with hypnosis when he was多年来他积聚起来 因为他迷恋催眠
1370young.年轻。
1371He learned how to communicate through cartooning.他学会了如何通过漫画进行交流.
1372He embraced Periscope early, so他很早就拥抱了潜望镜 所以
1373he's been practicing lots of conversation.他一直在练习很多对话。
1374He's read all the books on the topic.他读过所有关于这个话题的书籍.
1375He's琌
1376employed it in his everyday life.在日常生活中使用它。
1377If you look at his girlfriend, she's like this beautiful如果你看他的女朋友,她就像这么漂亮
1378年轻的Instagram模型。
1379That is an example of someone who has built up a specific knowledge这是建立特定知识的人的例子
1380over the course of his career.在他的职业生涯中
1381It's highly creative.很有创意
1382It has elements of being technical它有技术因素
1383in it.进去吧
1384And it's something that is never going to be automated.这是永远不会自动化的东西。
1385No one's going to take that没有人会接受的
1386away from him because he's also accountable under one brand as Scott Adams.离他远点 因为他还得为斯科特·亚当斯负责
1387And he's而他却
1388operating with a leverage of media with Periscope and drawing billboard cartoons and writing利用媒体的杠杆作用,利用潜望镜,绘制广告牌漫画和写作
1389books.书
1390He has massive leverage on top of that brand, and he can build wealth out of it if他拥有巨大的杠杆 在那个品牌之上, 他可以建立财富
1391he wanted to build additional wealth beyond what he already has.他想要创造更多的财富 超越他已经拥有的。
1392Should we be calling it unique knowledge or does specific knowledge somehow make more如果我们称之为独有的知识 或者说具体的知识会增加
1393sense for it?有感觉吗?
1394You know, I came up with this framework when I was really young and we're talking decades你知道,我想到这个框架 当我真的年轻, 我们正在谈论几十年
1395and decades.和几十年。
1396It's now probably over 30 years old.现在可能已经超过30年了
1397And so at the time, just specific knowledge所以,在当时,只是特定的知识
1398stuck with me.坚持住我。
1399So that is how I think about it.这就是我的想法。
1400The reason I didn't try and change it is我之所以没改变是因为
1401because every other term that I found for it was overloaded in a different way.因为我找到的所有其他术语 都以不同的方式超载了
1402At least起码
1403specific knowledge isn't that used.特定的知识是没有用的。
1404I can rebrand it.我可以重新标注它。
1405The probably unique knowledge is, yeah, maybe it's unique.可能独特的知识是,是的,也许它是独特的。
1406But if I learn it from somebody但如果我从别人那里学到
1407else, it's no longer unique.另外,它不再独一无二。
1408Then we both know it.那我们都知道了
1409So it's not so much that it is unique.所以说,它不是那么独特。
1410It's that it is highly specific to the situation.因为它是高度针对具体情况的.
1411It's specific to the individual.具体为个体.
1412It's specific特别的
1413to the problem.对问题。
1414And it can only be built as part of a larger它只能作为更大的建筑的一部分
1415obsession, interest and time spent in that domain.痴迷、兴趣和时间都花在这个领域。
1416It can't just be read straight out of a single book, nor can it be taught in a single course,不能只从一书中直接读出来,也不能在一课中教授,
1417nor can it be programmed into a single algorithm.也不能编程为单一算法.
1418Speaking of Scott Adams, he's got a blog post on how to build your career by getting in,说到斯科特・亚当斯,他有一个博客文章 如何构建你的职业生涯 通过进入,
1419say, the top 25 percentile at three or more things.说,前25% 在三个或更多的事情。
1420And by doing that, you become the通过这样做,你成为
1421only person in the world who can do those three things in the 25th percentile.世界上只有一个人能做这三件事 在25%。
1422So instead of trying to be the best at one thing, you just try to be very, very good at所以,你没有试图成为最好的一件事, 你只是尝试非常,非常擅长
1423three or more things.3个或更多
1424Is that a way of building specific knowledge?这是建立具体知识的方法吗?
1425I actually think the best way is just to follow your own obsession.我其实认为最好的办法 就是跟随你自己的痴迷
1426And somewhere in the back在后面的某个地方
1427of your mind, you can realize that, hey, actually, this obsession, like I'll keep an eye out在你的脑海里,你可以意识到, 嘿,实际上,这种痴迷, 就像我会留意
1428for the commercial aspects of it.因为它的商业方面。
1429But I think if you go around trying to build it a little但我想如果你绕圈子 试图建设它一点点
1430too deliberately, if you become too goal oriented on the money, then you won't pick the right这么刻意的,如果你对钱太有进取心,那你就不会选对了
1431thing.东西。
1432You won't actually pick the thing that you love to do, so you won't go deep enough你不会真正选择你喜欢做的事情, 所以你不会去足够深
1433into it.进入它。
1434Scott Adams' observation is a good one.斯科特·亚当斯的观察是很好的.
1435It's predicated on statistics.这是基于统计的。
1436Let's say there's 10,000 areas that are valuable to the假设有一万个地区对
1437world.这个世界
1438Number one in those 10,000 slots is taken.那一万个插槽里的第一个被拿走了
1439Someone else is likely to be the number one each of those 10,000, unless you happen to be其他人很可能是这万块中的头号 除非你碰巧是
1440one of the 10,000 most obsessed people in the world at a given thing.世界上最迷恋的人之一 在一个特定的东西。
1441But when you start going the combinatorics of combining, well, number 3728 with但当你开始 组合,嗯,3728号与
1442top-notch sales skills and really good writing skills and someone who understands accounting优秀的销售技巧和优秀的写作技巧 以及懂会计的人
1443and finance really well, when the need for that intersection arrives, you have expanded和资金真的很好, 当需要那个交叉点到来时, 你扩大了
1444now from 10,000 through combinatorics to millions or tens of millions.从一万到数以百万或数以千万计
1445So it just becomes much less competitive.所以,它只是变得少得多的竞争。
1446Also, there's diminishing returns.还有,回报越来越少了
1447So it's much easier to be top 75 percentile at three or four things than it is to be所以在三、四样事情上 成为最高的75%就容易多了
1448literally the number one at something.从字面上说,第一在某事。
1449I think it's a very pragmatic approach, but I think it's important that one not start我认为这是一个非常务实的方法, 但我认为重要的是,一个不开始
1450assembling things too deliberately because you do want to pick things where you are a收集的东西太刻意,因为你确实想 选择的东西你是一个
1451natural.当然
1452Everyone is a natural at something.每个人都是天生的
1453We're all familiar with that phrase, a natural.我们都很熟悉这句话,很自然
1454Oh, this person's a natural at meeting men or women.哦,这个人是天生遇到男人或女人。
1455This person's a natural socialite.这个人是天然的社会主义者.
1456This person's a natural programmer.这个人是一个自然程序员。
1457This person is a natural reader.这个人是天生的读者.
1458So whatever you are a natural at, you want to double down on that.所以,无论你是一个自然的, 你想双倍下降。
1459And then there are probably multiple things you are natural at, because personalities之后可能有很多事情 你自然,因为个性
1460and humans are very complex.人类是非常复杂的
1461So we want to be able to take the things that you are natural at and combine them so所以,我们想 能够采取的东西 你是自然的 并结合它们这样
1462that you automatically just through sheer interest and enjoyment end up top 25 or top你自动通过 纯粹的兴趣和享受 最终最高25或最高
146310 or top 5 percent at a number of things.10或前5%在一些事情。
1464Talking about combining skills, you said that you should learn to sell, learn to说到结合技能,你说你应该学会出售,学习
1465build.建设。
1466If you can do both, you will be unstoppable.如果你能做到两者兼而有之 你会是无法阻挡的
1467You know, this is a very broad category now, but it's two broad categories.你知道,这是一个非常广泛的类别 现在,但它是两大类别。
1468One is building the product, which is hard and it's multivariate that can include其一是构建产品,它很硬,而且可以包含多种变异.
1469design, that can include development, that can include manufacturing, logistics,设计,可以包括开发,可以包括制造,物流,
1470procurement.采购。
1471It could even be designing and operating a service.它甚至可以设计和运营一项服务。
1472It has many, many definitions, but in every industry, there is a definition of the它有许多,许多定义,但在每个行业,都有定义
1473builder in our tech industry.我们科技行业的建筑师
1474That's the CTO, it's the programmer, it's the software engineer, hardware engineer.那是CTO,是程序员,是软件工程师,硬件工程师.
1475But, you know, even in like a laundry business, it could be the person who's但是,你知道,即使在一个洗衣店, 它可能是人谁是
1476building the laundry service, who is making the trains run on time, who's making是谁让火车准时运行 是谁在制造
1477sure all the clothes end up in the right place, the right time and so on.确定所有的衣服最终都放在合适的地方,合适的时间等等.
1478Then the other side of it is the sales side.另一边是销售部
1479Again, selling has a very broad definition.同样,销售的定义也非常宽泛。
1480Selling doesn't necessarily just mean selling individual customers, but it could卖掉不一定意味着卖掉个别的客户 但它可以
1481mean marketing, it could mean communicating, it could mean recruiting, it意思是营销,可以指 沟通,可以指 招募,它
1482could mean raising money, it could mean inspiring people, it could mean doing PR.可能意味着筹集资金, 可能意味着激励人们, 它可能意味着做公关。
1483So it's a broad umbrella category.故为广伞类.
1484So generally the Silicon Valley startup model tends to work best.因此一般硅谷启动模型往往效果最好.
1485It's not the only way, but it is probably the most common way when you have two这不是唯一的办法,但这可能是最常见的办法 当你有两个
1486founders, one of whom is a world class at sales and one of whom is world class at创始人,其中一位是世界级销售商,一位是世界级销售商。
1487building.大楼。
1488An example is, of course, Steve Jobs and Steve Wozniak with Apple, Gates当然,一个例子是史蒂夫・乔布斯和史蒂夫・沃兹尼亚克与苹果,盖茨
1489and Allen probably had similar responsibility early on with Microsoft.艾伦很可能在早期对微软也有类似的责任.
1490Larry and Sergey, you know, probably broke down along those lines, although it's a拉里和谢尔盖,你知道,可能 打破了这些思路,虽然这是一个
1491little different there because that was a very technical product delivered to end这没什么不同,因为这是一个非常技术的产品 交付结束
1492users through a simple interface.用户通过一个简单的界面。
1493But generally you will see this pattern repeated over and over.但一般你会看到这种模式反复出现。
1494There's a builder and there's a seller.有造者有卖者.
1495There's a CEO and CTO combo and the venture and technology investors are almost有个CEO和CTO组合 风险投资和技术投资人几乎
1496trained to look for this combo whenever possible.训练了尽可能寻找这个组合。
1497It's the magic combination.这是魔法组合。
1498The ultimate is when one individual can do both.最终是当一个人可以做到两者兼有。
1499That's when you get true superpowers.这时你得到了真正的超能力。
1500That's when you get people who can create entire industries.这时你得到的人 谁可以创造整个行业。
1501The living example is Elon Musk.活生生的例子是伊隆·穆斯克.
1502He may not necessarily be building the rockets himself, but he understands enough他不一定是自己造火箭 但他很明白
1503that he actually makes technical contributions.他实际上做出了技术贡献。
1504He understands the technology well enough that no one's going to snow him on it.他非常了解技术 没人会给他下雪
1505And he's not running around making claims that he doesn't think he can eventually而且他不会到处乱跑 声称他最终不会
1506deliver.交付。
1507He may be optimistic in the timelines, but he thinks it's within他也许对时间很乐观 但他认为这是在
1508reasonableness of delivery.交货的合理性。
1509Even Steve Jobs developed enough product skills and was involved enough in the甚至史蒂夫·乔布斯也掌握了足够的产品技能,并参与到
1510product that he also operated in both of these domains.他同时在这两个领域操作的产品。
1511Larry Ellison started as a programmer and I think wrote the first version ofLarry Ellison是作为一个程序员开始的 我想他写了第一个版本
1512Oracle or was actually heavily involved in it.甲骨文或实际上 大量参与其中。
1513Mark Andreessen was also in this domain.马克·安德烈森也在这个领域.
1514He may not have had enough confidence in his sales skills, but he was the他可能没有足够的信心 他的销售技能, 但他是
1515程序员写了Netscape Navigator, 其中一大块。
1516So I think the real giants in any field are the people who can both build and所以我认为任何领域真正的巨头 都能够建造和建造
1517sell.卖掉。
1518And usually the building is the thing that like a salesperson can't pick通常,大楼是 像销售员不能选择的东西
1519up building later in life.晚点再建
1520It requires too much focused time, but a builder can pick up selling a little bit这需要太多的专注时间, 但是一个建筑商可以拿起 销售一点点
1521later, especially if they were already innately wired to be a good communicator.后来,特别是如果它们已经天生被电线连接成一个良好的交流器.
1522Bill Gates famously paraphrased this as, I would rather teach an engineer比尔·盖茨的名言是 我宁愿教一个工程师
1523marketing than a marketer engineering.营销比营销工程。
1524I think if you start out with a building mentality and you have building skills我认为,如果你开始 建筑心态和你有建筑技能
1525and it's still early enough in your life or you have enough focused time that you生命还很早 或者你有足够的时间集中精神
1526think you can learn selling and you have some natural characteristics for your以为可以学卖 并且你有一些自然特征
1527good salesperson, then you can double down on those.不错的推销员,然后你就可以翻倍了。
1528Now your sales skills could be in a different than traditional domain.现在,你的销售技能可能 在一个不同的传统领域。
1529So for example, let's say you're a really good engineer and then people are saying,比如说你是一个很好的工程师 然后人们就说
1530well, now you need to be good at sales.好吧,现在你需要 擅长销售。
1531Well, you may not be good at hand to hand sales, but you may be a really good好吧,你可能不擅长手 手的销售, 但你可能是一个真正的好
1532writer and writing is a skill that can be learned much more easily than say in写作和写作是一种技能,比说得容易得多
1533person selling.人卖。
1534And so you may just cultivate writing skills until you become a good online所以你可以培养写作技巧 直到你成为好网络
1535communicator and then use that for your sales.然后用它做你的销售
1536On the other hand, it could just be that you're a good builder and you're bad at另一方面,你可能只是 是一个好建筑师,你是坏的
1537writing and you don't like communicate to mass audiences, but you're good one on写作,你不喜欢跟观众交流, 但你是一个好人
1538one.一个
1539So then you might use your sales skills for recruiting or for fundraising, which所以,你可能利用你的销售技能 招聘或筹款,
1540are more one-on-one kinds of endeavors.更是一对一的努力
1541This is pointing out that if you're at the intersection of these two, don't这是指出,如果你 在这两个的交叉点,不要
1542despair because you're not going to be the best technologist and you're not going绝望是因为你不会成为最好的科技家 也不会去
1543to be the best salesperson.成为最好的推销员
1544But in a weird way, that combination back, the Scott Adams skill stack, that但奇怪的是 那个组合 斯科特·亚当斯技能堆
1545combination of two is unstoppable.二的组合是不可阻挡的。
1546Long-term people who understand the underlying product and how to build it and长期了解基础产品以及如何建立基础产品的人
1547can sell it.可以卖掉
1548These are catnip to investors.这些是投资者的猫咪
1549These people can break down walls if they have enough energy and they can get这些人只要有足够的能量就能破墙
1550almost anything done.几乎什么都做过了。
1551If you could only pick one to be good at, which one would you pick?如果你能挑一个好,你会选哪一个?
1552When you're trying to stand out from the noise, building is actually better当你试图远离噪音时, 建筑其实更好
1553because there's so many hustlers and salespeople who have nothing to back them因为有这么多的皮条客和推销员 他们没有什么可支持的
1554up.起来
1555When you're starting out, when you're trying to be recognized, building is当你开始的时候 当你试图被认出来的时候 建筑就是
1556better, but much later down the line, building gets exhausting because it is a更好的,但很多后 下行,建筑物变得累 因为这是一个
1557focused job and it's hard to stay current because there's always new people, new有重点的工作 很难保持时态 因为总是有新人,新人
1558products coming up who have newer tools and frankly more time because it's very产品出现 谁有更新的工具 坦率地说,更多的时间 因为非常
1559intense, it's a very focused task.紧张,这是一个非常集中的任务。
1560So sales skills actually scale better over time.因此,销售技能实际上随着时间推移而提高。
1561Like for example, if you have a reputation for building a great product, that's比如说,如果你有造一个伟大的产品的声誉,那就是
1562good, but when you ship your new product, I'm going to evaluate it based on the好,但当你运送你的新产品, 我会根据
1563product.产品。
1564But if you have a reputation for being a good person to do business with and但是,如果你有一个名声 作为一个好人与和
1565you're persuasive and communicative, then that reputation almost becomes你很有说服力和沟通力, 那么,名誉几乎变成了
1566self-fulfilling.自我实现。
1567So I think if you only had to pick one, you can start with building and then所以我想如果你只选一个, 你可以从建筑开始,然后
1568transition to selling.向销售过渡。
1569This is a cop-out answer, but I think that is actually the right answer.这是一个不听话的答案, 但我认为这其实是正确的答案。
1570Before we go and talk about accountability and leverage and judgment,在我们讨论责任 杠杆和判断之前
1571you've got a few tweets further down the line that I would put in the category of你还有几条微博 更深入地说,我会把 分类
1572continuous learning.继续学习。
1573They're essentially, there is no skill called business, avoid business magazines基本上,没有技能叫生意,避开生意杂志
1574and business class, study microeconomics, game theory, psychology, persuasion,和商科,研究微观经济学,游戏理论,心理学,说服,
1575ethics, mathematics, and computers.伦理、数学和计算机。
1576There's one other comment that you made in a periscope that was you should be able还有一个你用潜望镜提出的意见 你应该可以
1577to pick up any book in the library and read it.取出图书馆里的任何书籍,然后阅读
1578And the last tweet in this category was reading is faster than listening, doing而这一类的最后一个微博读得比听得快 做
1579is faster than watching.它比观看快。
1580Yeah, the most important tweet on this I don't even have in here, unfortunately,是啊,最重要的微博 我甚至没有在这里, 不幸的是,
1581which is the foundation of learning is reading.这是学习的基础 是阅读。
1582I don't know a smart person who doesn't read and read all the time.不识智者常不读诵.
1583And the problem is, what do I read?问题是,我读什么?
1584How do I read?我怎么看书?
1585Because for most people, it's a struggle, it's a chore.因为对大多数人来说,这是一场斗争,是一场争斗.
1586So the most important thing is just to learn how to educate yourself and the way所以最重要的是要学会如何教育自己和方式
1587to develop a love for reading.发展对阅读的热爱。
1588So the tweet that is left out, the one that I was hinting at is read what you所以,被忽略的微博, 我暗示的那个是读你
1589love until you love to read.爱直到你喜欢阅读。
1590It's that simple.就这么简单
1591Everybody I know who reads a lot loves to read and they love to read because they我认识的每个人都喜欢看书 他们喜欢看书,因为他们
1592read books that they loved.看他们喜欢的书
1593It's a little bit of a catch 22, but you want to start off just reading wherever有点像22号,但你想从读到哪里开始
1594you are and then keep building up from there until reading becomes a habit.然后继续积蓄 直到阅读成为习惯
1595And then eventually you will just get bored of the simple stuff.最后你会厌倦那些简单的东西。
1596So you may start off reading fiction, then you might graduate to science fiction.这样你就可以开始读小说, 然后你可以毕业 科幻。
1597Then you may graduate to nonfiction.然后你可以毕业为非虚构。
1598Then you may graduate to science or philosophy or mathematics or whatever it然后,你可能毕业 科学或哲学或数学或任何它
1599is, but take your natural path and just read the things that interest you until是,但走你的自然道路, 只是读的东西 你感兴趣的,直到
1600you understand them and then you'll naturally move to the next thing and the你理解他们,然后你自然地 移动到接下来的事情和
1601next thing and the next thing.接下来的事 接下来的事
1602Now there is an exception to this, which is where I was hinting with what things现在有一个例外 那就是我暗示的东西
1603you actually do want to learn, which is at some point there's too much out there其实你确实想学, 在某些时候, 外面太多
1604to read and even reading is full of junk.阅读甚至阅读都是垃圾
1605There are actually things you can read, especially early on that will program有一些东西你可以读, 特别是早期的会编程
1606your brain a certain way and then later things that you read, you will decide你的大脑有某种方式,然后你阅读的东西,你会决定
1607whether those things are true or false based on the earlier things.那些东西是真实的还是假的 根据早期的东西。
1608So it is important that you read foundational things and foundational things所以,重要的是,你读 基础的东西和基础的东西
1609I would say are the original books in a given field that are very我想说,在一个特定领域的原始书籍 是非常
1610scientific in their nature.科学性质。
1611So for example, instead of reading a business book, pick up Adam Smith's比如说,不是读一本商业书,而是拿起亚当·斯密的
1612The Wealth of Nations.国家财富.
1613Instead of reading a book on biology or evolution that's written today, I would而不是读一本今天写的关于生物学或进化论的书
1614pick up Darwin's Origin of the Species.采集达尔文的物种起源.
1615Instead of reading a book on biotech right now that may be very advanced, I而不是读一本关于生物技术的书 现在可能非常先进,我
1616would just pick up The Eighth Day of Creation by Watson and Crick.华生和克里克的第八创作日
1617Instead of reading advanced books on what cosmology and what Neil deGrasse而不是阅读关于宇宙学和尼尔·德格拉斯的高级书籍
1618Tyson and Stephen Hawking have been saying, you can pick up Richard Feynman's泰森和史蒂芬・霍金一直说, 你可以拿理查德・费曼的
1619Six Easy Pieces and start with basic physics.六易片 以基础物理为起点.
1620If you understand the basics, especially in mathematics and physics and sciences,如果你了解基本知识 特别是数学和物理科学
1621then you will not be afraid of any book.那么你不会害怕任何一本书。
1622All of us have that memory of when we're sitting in class and we're learning我们都记得我们坐在教室里 学习
1623mathematics and it was all logical and all made sense until at one point the数学和它都是逻辑的 并且都有意义 直到某一点
1624class moved too fast and we fell behind.班级走得太快,我们落后了
1625And then after that, we were left memorizing equations, memorizing concepts之后,我们被留下 记忆方程式,记忆概念
1626without being able to derive them from first principles.而不能够从第一原则中得出这些原则。
1627And at that moment we're lost because unless you're a professional那时我们迷路了 除非你是专业的
1628mathematician, you are not going to remember those things.数学家 你不会记得那些事的
1629All you're going to remember are the techniques, the foundations.你要记住的只是技巧,基础.
1630So you have to make sure that you're building on a steel frame of所以,你必须确定 你建在钢框架
1631understanding because you're putting together a foundation for a skyscraper理解 因为你正在为摩天大楼奠定基础
1632and you're not just memorizing things because if you're just memorizing你不只是在回忆一些事情 因为如果你只是回忆
1633things, you're lost.东西,你迷路了。
1634So the foundations are ultra important.所以基础是极其重要的。
1635And the ultimate, the ultimate is when you walk into a library and you look最终,你走进图书馆,看着
1636at it up and down and you don't fear any book, you know that you can take any在它上下,你不害怕任何书, 你知道你可以拿任何
1637book off the shelf, you can read it, you can understand it, you can absorb what书本从书架上脱落,你可以阅读,可以理解,可以吸收什么
1638is true, you can reject what is false and you have a basis for even working是真的,你可以拒绝 虚假的,你有一个基础 甚至工作
1639that out that is logical and scientific and not purely just based on opinions.这很符合逻辑和科学 不只是基于观点
1640The beauty of the internet is the entire library of Alexandria times 10 is at互联网的美丽是 整个亚历山大图书馆 10倍
1641your fingertips at all times.你的指尖随时随地
1642It's not the means of education or the means of learning are scarce.这不是教育手段,也不是学习手段稀缺.
1643The means of learning are abundant.修习具足.
1644It's the desire to learn that's scarce.乃欲学之所缺.
1645So you really have to cultivate that desire and it's not even所以,你真的必须培育 欲望,它甚至不
1646cultivated, you have to not lose it.栽培,你必须不要失去它。
1647Children have a natural curiosity.孩子们天生好奇
1648If you go to a young child whose first learning language, they're pretty much如果你去找第一个学习语言的小孩, 他们几乎是
1649always asking, what's this, what's that?总是问,这是什么,是什么?
1650Why is this?为什么?
1651Who's that?那是谁?
1652They're always asking questions.他们总是问问题。
1653But one of the problems is that schools and our educational system and even our但问题之一是学校和我们的教育制度,甚至我们
1654way of raising children replaces curiosity with compliance.抚养儿童的方式取代了好奇心和遵守。
1655And once you replace the curiosity with the compliance, you get an obedient一旦你把好奇心换成服从 就会得到服从
1656factory worker, but you no longer get a creative thinker and you need creativity.工厂工人,但你不再 有创意的思想家 你需要创造力。
1657You need that ability to feed your own brain, to learn whatever you want.你需要这种能力 养活你自己的大脑, 学习任何你想要的。
1658And to me, foundational things are principles.对我来说,基础是原则。
1659There are algorithms, they're deep seated, logical understanding where you can有算法,它们坐的很深 符合逻辑的理解,你可以
1660defend it or attack it from any angle.保护它或从任何角度攻击它。
1661And that's why microeconomics is important because macroeconomics are a这就是为什么微观经济学很重要 因为宏观经济学是
1662lot of memorization, a lot of macro bullshit as Nassim Taleb says, it is像纳西姆·塔莱布所说, 大量的宏大废话,
1663easier to macro bullshit than it is to micro bullshit because macroeconomics宏观的废话比微观的废话容易 因为宏观经济学
1664is voodoo complex science meets politics.是巫术复杂的科学与政治相遇
1665You can't find two macroeconomists to agree on anything these days.这些天你找不到两个宏观经济学家来同意任何事情.
1666And different macroeconomists get used by different politicians to不同的宏观经济家 被不同的政客用来
1667peddle their different pet theories.玩弄他们不同的宠物理论。
1668There are even macroeconomists out there now peddling something called外面甚至还有宏观经济家,现在在兜圈子
1669modern monetary theory, which says, Hey, except for this pesky thing called现代的货币理论,它说,嘿, 除了这个叫
1670inflation, we can just print all the money that we want.通货膨胀,我们只要打印所有我们想要的钱。
1671Yes, except for this pesky thing called inflation.是的,除了这个叫通货膨胀的讨厌的东西
1672That's like saying instead of limited energy, we can fire rockets off这就像说,而不是有限的能量, 我们可以发射火箭关闭
1673into space all day long.进入太空一整天。
1674It's just nonsense.胡说八道
1675But the fact that there are people who have macroeconomists in their title and但事实上,有些人 拥有宏观经济学家的头衔和
1676are peddling modern monetary theory just tells you that macroeconomics as a现代货币理论 说宏观经济学是
1677so-called science has been corrupted.所谓的科学已经腐化了
1678It's a blanch of politics.政事 a.
1679So you really want to focus on the foundations foundation.所以,你真的想专注于基金会。
1680The ultimate foundation are mathematics and logic.最终基础是数学和逻辑学.
1681If you understand logic and mathematics, then you have the basis for如果你理解逻辑和数学 那你有基础
1682understanding the scientific method.了解科学方法。
1683Once you understand the scientific method, then you can understand how to一旦你理解了科学方法,你就能理解如何
1684separate truth from falsehood in other fields and other things that you're reading.将真理与你所读的 其他领域和其他事物的谎言分开
1685So be very careful about reading other people's opinions and even be careful所以,要非常小心 阅读别人的意见,甚至小心
1686about reading facts because so-called facts are often just opinions, but, you关于阅读事实 因为所谓的事实 往往只是观点,但,你
1687know, with a veneer around them, what you really are looking for is algorithms,你知道,在他们周围的阴森, 你真正寻找的是算法,
1688what you're really looking for is understanding.你真正寻求的就是理解
1689It's better to go through a book really slowly and struggle and stumble and最好慢慢地读一本书 然后挣扎 摔倒
1690rewind than it is to fly through it quickly and say, well, now I've read 20倒影比它要快 飞过它,说,嗯,我已经读了20
1691books, I've read 30 books, I've read 50 books in the field.书籍,我读过三十本,田里读过五十本.
1692It's like Bruce Lee said, I don't fear the man who knows a thousand kicks and就像李小龙说的,我不怕知道千脚的人
1693a thousand punches, I fear the man who's practiced one punch 10,000 times or一千拳,我怕那个 练了一万拳的人
1694one kick 10,000 times.一脚一万次。
1695It's the understanding that comes through repetition and through usage and through是通过重复、使用和
1696logic and foundations that really makes you a smart thinker.逻辑和基础让你真正成为一个聪明的思想家.
1697To lay a foundation for learning for the rest of your life, I think you need two为了为余生的学习奠定基础 我想你需要两个
1698things if I was going to try and sum it up, one, practical persuasion, and two,如果我想总结一下,一,实际说服,二,
1699you need to go deep in some technical category, whether it's abstract math, or你需要深入一些技术类, 无论是抽象的数学,
1700you want to read Donald Knuth's books on algorithms, or you want to read Feynman's你想读唐纳德·克努斯关于算法的书 或者你想读费曼的书
1701lectures on physics, if you have practical persuasion and a deep understanding of如果你对物理学有实际的说服力和深刻的理解
1702some complex topic, I think you'll have a great foundation for learning for the一些复杂的话题, 我想你会有一个伟大的基础 为学习
1703rest of your life.一辈子
1704Yeah, if I could expand that a little bit, I would say that the five most important是啊,如果我可以扩大一点点, 我会说,五个最重要的
1705skills are, of course, reading, writing, arithmetic, and then as you are adding in当然,技能是阅读、写作、算术,然后如您所加
1706persuasion, which is talking, and then finally, I would add computer programming,说服,这是在谈论, 最后,我会增加计算机编程,
1707just because it's an applied form of arithmetic that just gets you so much因为它是一种应用的算术形式 只是让你得到这么多
1708leverage for free in any domain that you operate in.在您操作的任意域中免费使用杠杆 。
1709If you're good with computers, if you're good at basic mathematics, if you're good如果你精通计算机, 如果你精通基本的数学, 如果你精通
1710at writing, if you're good at speaking, and if you like reading, you're set for写作时,如果你擅长演讲, 如果你喜欢阅读,你就可以
1711life.活着
1712So in that sense, business to me is bottom of the barrel.因此,从这个意义上讲, 生意对我来说是桶底。
1713There's no actual skill called business.没有真正的技能叫生意
1714It's too generic of a thing.这太普通的东西。
1715It's like a skill called relating, like relating to humans.这就像一种技能 被称为关联, 像与人类相关。
1716That's not a skill.这不是一个技能。
1717It's too broad.太宽了
1718So a lot of what goes on in business schools, and there's some very intelligent在商学院里发生了很多事情 有一些很聪明的事
1719stuff taught in business schools.在商学院教的东西。
1720I don't mean to distract from them completely, but some of the stuff that's我无意完全分散他们的注意力 但有些东西是
1721taught in business school is essentially just anecdotes.在商学院教书基本上只是传闻。
1722They call it case studies, but it's just anecdotes and they're trying to help you他们称之为案例研究,但这只是传闻 他们试图帮助你
1723pattern match by throwing lots of data points at you.模式匹配方式是向您投掷很多数据点。
1724But the reality is you will never understand them fully until you're actually但现实是你永远无法完全理解他们 直到你真正
1725in that position yourself.在那个位置你自己。
1726Even then, you will find that basic concepts from game theory and psychology即使这样,你也会发现 游戏理论和心理学的基本概念
1727and ethics and mathematics and computers and logic will serve you much, much伦理学、数学、计算机和逻辑学 将会为您带来很多好处
1728better.好多了,你还好吧?
1729So I would focus on the foundations.所以我要集中关注基础。
1730I would focus with a science bent.我会专心于科学
1731I would develop a love for reading, including by reading so-called junk food我会发展对阅读的热爱,包括阅读所谓的垃圾食品
1732that you're not supposed to read.你不应该读。
1733You don't have to read the classics.不须诵经典.
1734That is a foundation for your self education.这是你们自我教育的基础。
1735What did you mean when you said that doing is faster than watching?你说做比看快是什么意思?
1736When it comes to your learning curve, if you want to optimize your learning curve,当你的学习曲线, 如果你想优化你的学习曲线,
1737one of the reasons why I don't love podcasts, even though I'm a generator of虽然我是一个发明者,但我不喜欢播客的原因之一
1738podcasts, is that I like to consume my information very quickly.播客,是我喜欢消耗 我的信息非常快。
1739And now I'm a good reader, a fast reader, and I can read very fast, but I can only现在,我是一个很好的读者, 一个快速的读者, 我可以阅读非常快, 但我只能
1740listen at a certain speed.以一定的速度聆听。
1741I know people listen to 2X, 3X, but everyone sounds like a chipmunk and it's我知道人们听2X,3X, 但每个人都听起来像一个花栗鼠,这是
1742hard to go back.很难回去。
1743It's hard to highlight.难为突出.
1744It's hard to pinpoint snippets and save them in your notebook and so on.很难确定片段 并保存在你的笔记本等。
1745Similarly, a lot of people think they can become really skilled at something by类似地,很多人认为 他们可以真正成为技能 通过某事
1746watching others do it or even by reading about others doing it and going back to看着别人做,甚至看到别人做,然后回去
1747business school case study.商业学校案例研究。
1748That's a classic example.这是一个典型的例子。
1749You know, they study other people's businesses, but in reality, you're going to你知道,他们研究别人的生意, 但实际上,你会
1750learn a lot more about running a business by operating your own lemonade stand or更多关于经营企业的学习 通过操作自己的柠檬水摊或者
1751equivalent, or even opening a little retail store down the street.或者在街上开个零售店
1752That is how you're going to learn on the job, because a lot of the subtleties这就是你如何学习的工作, 因为很多微妙
1753don't express themselves until you're actually running the business.在你实际经营生意之前 不要表达自己
1754For example, everyone's now into mental models these days, right?举个例子,现在每个人都喜欢心理模型了,对吧?
1755You go to Farnham Street, you go to poor Charlie's Almanac, and you can learn all你去法恩汉姆街, 去可怜的查理的阿尔马纳克, 你可以学习所有
1756the different mental models, but which ones matter more?不同的心理模型, 但哪些更重要?
1757Which ones do you apply more often?你经常申请哪一个?
1758Which ones matter in which circumstances?哪种情况很重要?
1759That's actually the hard part.这其实是困难的部分。
1760For example, my personal learning has been that the principal agent problem drives例如,我个人的学问是, 主要的代理问题驱动
1761so much in this world.这世上这么多
1762It's an incentives problem.这是一个激励问题。
1763You know, I've learned that tit for tat, iterative prisoner's dilemma is the piece你知道,我学会了奶子的Tat,迭代 囚犯的两难境地是一块
1764of game theory that is worth knowing the most.游戏理论 值得最了解。
1765You can literally almost put down the game theory book after that.你可以把游戏理论书 写下来
1766By the way, the best way to learn game theory is to play lots of games.顺便说一句,学习游戏理论的最佳方法就是玩很多游戏.
1767I never even read game theory books.我甚至从来没有读过游戏理论书籍。
1768I consider myself extremely good at game theory.我认为自己非常擅长游戏理论。
1769I've never opened up a game theory book and found a result in there where I was我从来没有打开一本游戏理论书 在那里发现了一个结果
1770like, oh, yeah, that's common sense to me because the reason is I just grew up就像,哦,是的,这对我来说是常识 因为原因是我刚刚长大
1771playing all kinds of games and I ran into all kinds of corner cases with all kinds玩各种游戏,我碰上各种角落的案子
1772of friends, and so it's just second nature to me.朋友,所以这只是我的第二性。
1773So you can always learn better by doing on the job.这样你就能在工作上学得更好
1774But the doing is a subtle thing that we're doing encapsulates a lot.但是,我们这样做是一件微妙的事情,它包罗了很多东西。
1775So, for example, let's say I want to learn how to run a business.因此,比如说,我想学习如何经营企业。
1776Well, if I start a business where I go in every day and I'm doing the same thing,好吧,如果我开始一个生意 在那里我每天去 我做同样的事情,
1777let's say I'm running the retail store down the street where I'm stocking the假设我经营的零售店 在街上,我储存
1778shelves with food and liquor every single day, I'm not going to learn that much每天有食物和酒的货架,我不会学到那么多
1779because I'm repeating things a lot.因为我经常重复
1780So I'm putting in thousands of hours, but there are thousands of hours doing the所以我要投入上千小时 但还有上千小时
1781same thing.同样的事情。
1782Whereas if I was putting in thousands of iterations, that would be如果我放上千次重复的话,那就是
1783different.不一样
1784So learning curve is across iterations.因此,学习曲线是跨越迭代的。
1785So if I was trying new marketing experiments, the store all the time, I was所以,如果我尝试新的营销实验, 商店所有的时间,我是
1786constantly changing out the inventory.不断更改清单
1787I was constantly changing out the branding and the messaging.我不停地改变 品牌和消息。
1788I was constantly changing the sign.我不停地改变标志。
1789I was constantly changing the online channels that I was used to drive foot我不停地改变我用来驾驶脚的网络频道
1790traffic in.堵车
1791I was experimenting with being open at different hours.我尝试在不同时间开放
1792If I even had the ability to walk around and talk to other store owners and get如果我甚至有能力 四处走走 和别的店主交谈 并得到
1793in their books and figure out how they're running their business, it's the number在他们的书里 找出他们的经营方式 这是数字
1794of iterations that drives a learning curve.驱动学习曲线的迭代。
1795So the more iterations you can have, the more shots on goal you can have, the因此,越多的迭代 你可以得到,
1796faster you're going to learn.学得更快
1797It's not just about the hours put in.不只是时间问题
1798It's actually a combination of the two.实际上是两者的结合.
1799But I think just the way we're built and the way that the world presents itself,但我认为我们的方式 和世界展示自己的方式,
1800the world offers us very easily the opportunity to do the same thing over and世界为我们提供了非常容易的机会 做同样的事情
1801over and over again.一次又一次
1802But really, we'd be better served if we went off and found ways to do new things但是,真的,如果我们走出去 并找到方法做新的事情,我们会得到更好的服务
1803from scratch.从零开始。
1804And doing something new the first time is painful because you're第一次做新的事情很痛苦 因为你
1805wandering into uncertain territory and high odds are that you will fail.游荡在不确定的领地 和很高的概率是 你会失败。
1806So you just have to get very, very comfortable with frequent small failures.所以,你只需要变得非常,非常舒适 对于频繁的小故障。
1807You know, Nassim Taleb talks about this.你知道,纳西姆・塔莱布谈到这一点。
1808Also, he made his fortune, his wealth, by being a trader who relied upon black而且,他通过做一个靠黑人为生的商人来创造财富
1809swans.天鹅.
1810Nassim Taleb made money by essentially losing little bits of money every纳西姆·塔莱布赚钱 基本上损失了一点钱
1811day.日报.
1812And then once in a blue moon, he would make a lot of money when the然后在蓝色的月亮中 他赚了很多钱
1813unthinkable happened for other people.对其他人来说是不可思议的
1814Whereas most people want to make little bits of money every day and in exchange,大多数人每天都想赚点钱 换钱
1815they'll tolerate lots of blow up risk.他们会容忍很多爆炸风险
1816They'll tolerate going completely bankrupt.他们会容忍彻底破产
1817We're not evolved to bleed a little bit every day.我们的进化不是每天都有一点流血
1818If you're out in the natural environment and you get a cut and you're literally如果你在自然环境里,你得到了一个切,你字面上
1819bleeding a little bit every day, you will eventually die.每天都有一点流血,你终究会死的
1820You have to stop that cut.你必须停止割伤。
1821We're evolved for small victories all the time, but that becomes very expensive.我们总是为小胜利而进化,但这变得非常昂贵.
1822That's where the crowd is.即众生处.
1823her群于此.
1824So if you're willing to bleed a little bit every day, but in exchange, you will所以如果你愿意每天流血一点, 但作为交换,你会
1825win big later, you will do better.以后赢大了,你会做得更好
1826That is, by the way, entrepreneurship.顺便说一句,这就是创业。
1827Entrepreneurs bleed every day.企业家每天都流血。
1828They're not making money.他们不赚钱。
1829They're losing money.他们输了钱。
1830They're constantly stressed out all the responsibilities upon them.他们不断强调所有的责任
1831But when they win, they win big.但当他们赢了,他们赢得了大。
1832On average, they'll make more.平均来说,它们会赚更多.
1833So why don't we jump into accountability, which I thought was pretty interesting.因此,我们为什么不 跳进问责制, 我认为这很有趣。
1834And I think you have your own unique take on it.我想你有自己独特的选择
1835So the first tweet on accountability was embrace accountability and take所以第一个关于问责制的微博是 接受问责制并接受
1836business risks under your own name.以自己的名义经营风险。
1837Society will reward you with responsibility, equity, and leverage.社会会以责任、公平和影响力奖励你。
1838Yeah.对
1839So to get rich, you're going to need leverage and leverage comes in labor,所以为了发财,你需要杠杆和杠杆 来劳动,
1840it comes in capital, or it can come through code or media.也可以通过密码或媒体
1841But most of these like labor and capital, people have to give to you for labor.但是,大多数像劳动力和资本, 人们必须给你做劳动力。
1842Somebody has to follow you for capital.得有人跟着你才能成为资本
1843Somebody has to give you money or assets to manage or machines.总得有人给你钱或资产来管理或机器
1844So to get these things, you have to build up credibility and you have to do those因此,为了得到这些东西, 你必须建立 可信度,你必须做这些
1845under your own name as much as possible, which is risky.尽量用你自己的名字,这是危险的。
1846So accountability is a double edged thing.因此,问责制是一个双重边缘问题。
1847It allows you to take credit when things go well and to bear the brunt of the它允许你接受信用 当事情顺利 并承受首当其冲
1848failure when things go badly.情况不妙时就失败了
1849So in that sense, you know, people who are stamping their names on things因此,从这个意义上讲,你知道的, 那些在事物上印上自己名字的人
1850aren't foolish.一点都不愚蠢
1851They're just confident.他们只是自信。
1852Maybe it turns out to be foolish in the end, but if you look at a Kanye or an也许最后会很愚蠢 但如果你看着一个Kanye或者一个
1853Oprah or a Trump or an Elon or anyone like that, these people can get rich just奥普拉或特朗普、伊隆或任何类似的人 这些人可以发财
1854off their name because their name is such powerful branding, you know, regardless因为他们的名字 如此强大的品牌,你知道,无论
1855of what you think of Trump, you have to realize that the guy was among the best你对特朗普的看法, 你必须意识到,这家伙是最棒的
1856in the world at just branding his name.全世界都在为他的名字打上烙印
1857Why would you go to Trump casino?你为什么要去特朗普赌场?
1858It used to be because Trump, why would you go to Trump tower because of Trump?过去是因为特朗普,为什么因为特朗普而去特朗普塔?
1859When it came time to vote, I think there are a lot of voters who just went and当投票的时候,我想有很多选民 刚刚去了,
1860said Trump, they recognize the name.特朗普说 他们认得这个名字
1861So the name recognition paid off.故名识果报.
1862Same thing with Oprah.和奥普拉一样
1863She puts her brand on something, her name on something, and it flies off the shelves她把牌子贴在东西上 她的名字贴在东西上 然后就从书架上飞走了
1864and it's like instant validator.这就像即时验证器。
1865But these people also take risks for putting their name out there.但是这些人也冒着风险 把他们的名字放在那里。
1866Obviously Trump is now probably hated by half or more than half of the country显然特朗普现在可能 被一半或一半以上的国家讨厌
1867and by a big chunk of the world because he sticks his name out there by putting被大块世界所覆盖 因为他把他的名字贴在那里
1868your name out there, you become a celebrity and fame has many, many downsides.你的名字在那里,你成为一个名人 和名声有很多,很多缺点。
1869It's better to be anonymous and rich than to be poor and famous, but even famous匿名富贵胜于贫贱名声,但甚至名声
1870and rich has a lot of downsides associated with it.而富人也有很多与之相关的缺点.
1871You're always in the public eye.常在大众眼中.
1872So accountability is quite important.因此,问责制非常重要。
1873When you're working to build a product or you're working on a team or you're当努力打造产品,或者在团队中工作,或者在团队中工作.
1874working in a business, we are constantly drummed into our heads how important it在企业中工作, 我们不断鼓动我们的头脑 多么重要
1875is to be part of a team and absolutely agree with that.是一个团队的一部分 绝对同意这一点。
1876A lot of our training socially is telling us to not stick our necks out of the我们的很多社交训练 告诉我们不要把脖子伸出来
1877crowd.观众。
1878This is saying that I hear from Australian friends that like the tall这就是说,我从澳大利亚朋友那里听到的 像高个子一样
1879poppy gets cut, right?罂粟被割了,对吧?
1880Don't stick your neck out.别把脖子伸出来
1881But I would say that actually a really, really well-functioning team is small但我会说,实际上 一个真正,真正运行良好的团队是小
1882and has clear accountability for each of the different portions.并且对每个不同部分都有明确的责任。
1883Like so you can say, OK, this person is responsible for building the product.比如说,好吧,这个人负责制造产品。
1884This person is responsible for the messaging.这个人负责留言
1885This person is responsible for raising money.这个人负责筹款.
1886This person is responsible for the pricing strategy and maybe the online advertising.此人负责定价策略,也许负责在线广告.
1887So if somebody screws up, you know exactly who's responsible.所以,如果有人搞砸了, 你知道谁的责任。
1888While at the same time, something goes really well.与此同时,有些事情进展得很好。
1889You also know exactly who's responsible.你也知道谁负责
1890So if you have a small team and you have clearly delineated responsibilities, then所以,如果你有一个小团队 而且你有明确的责任, 那么,
1891you can still keep a very high level of accountability.您仍可保持高度问责。
1892And accountability is really important because when something succeeds or fails,问责制真的很重要 因为当某件事成功或失败时
1893if it fails, everybody points fingers at each other.如果失败了 每个人都互相指责
1894And if it succeeds, everybody steps forward to take credit.如果成功,每个人都会走在前头,以获得信用。
1895And we've all had that experience when we were in school and we got like a group我们在学校的时候都有这种经历,我们像一个团体
1896assignment to do and there were people in there, there were probably a few people任务完成 里面有人 也许有几个人
1897in there who did a lot of the work.在那里谁做了很多工作。
1898And then there were a few people who just did a lot of grandstanding or然后有几个人 刚刚做了很多的外公或
1899positioning to do the work.定位完成这项工作。
1900So we're all familiar with this from a childhood sense, but it is uncomfortable我们从童年时代就熟悉这个,但很不舒服
1901to talk about, but clear accountability is important.但明确的问责制很重要。
1902Without accountability, you don't have incentives.没有问责,你就没有激励。
1903Without accountability, you can't build credibility, but you take risk.没有问责制,你就不能建立信誉,但你要承担风险.
1904So you take risk of failure, you take risk of humiliation, you take risk of所以,你承担失败的风险,你承担羞辱的风险,你承担风险
1905failure under your own name, which, you know, luckily in modern society, there's以自己的名义失败, 在现代社会,幸运的是,
1906no more debtors prison and people don't go to jail or get executed for losing不会再有债务者入狱 人们也不会因为输掉而坐牢或被处死
1907other people's money, but we're still socially hardwired to not fail in public别人的钱,但是我们社会上 仍然很难在公共场合失败
1908under our own names.以我们自己的名字。
1909And the people who have the ability to fail in public under their own names以及那些能以自己的名义 公开失败的人
1910actually gain a lot of power.实际获得了很大的力量。
1911For example, I'll give a personal anecdote.例如,我会给个人的传闻。
1912Up until about 2013, 2014, my public persona was entirely around startups直到2013年,我的公众人物 完全围绕初创企业
1913and investing and only around 2014, 2015, did I start talking about philosophy and2015年左右 我开始谈论哲学
1914psychological things and broader things.心理和广义的东西。
1915And it made me a little nervous because I was doing it under my own name.这让我有点紧张 因为我是用自己的名字做的
1916And there were definitely people in the industry who sent me messages through the行业里肯定有人通过
1917black channel, like, what are you doing?黑色频道,像,你在做什么?
1918You're ending your career.你结束了你的事业。
1919This is stupid.这是愚蠢的。
1920And I just went with it.我随它去。
1921I took a risk.我冒了险
1922Same with crypto early on.早期密码也一样
1923It took a risk.冒险了
1924But when you put your name out there, you take a risk with certain things.但是,当你把你的名字在那里, 你冒险 某些东西。
1925You also get to reap the rewards.你也能得到奖励
1926You get the benefits.你得到好处。
1927Accountability is important because that's how you're going to get leverage.问责制很重要,因为这样你才能获得影响力。
1928That's how you're going to get credibility.由此得证.
1929It's also how you're going to get equity.亦是如何获得平等.
1930You're going to get a piece of the business when you're negotiating with和你谈判时,你会得到一笔生意
1931other people.别人。
1932Ultimately, if someone else is making a decision about how to compensate you,归根结底 如果别人决定如何补偿你
1933that decision will be based on how replaceable you are.这一决定将基于你是如何可以替代。
1934And if you have high accountability that makes you less replaceable, and then they如果你有高度的问责制 让你更难替代, 然后他们
1935have to give you equity, which is a piece of the upside.得给你公平,这是件好事
1936But equity itself is a good example because equity is also a risk-based但股权本身就是一个很好的例子 因为股权也是基于风险的
1937instrument.乐器。
1938Equity means you get paid everything after all the people who need guaranteed公平意味着所有需要保障的人 都得到报酬
1939money are paid back.钱会还的
1940So if you look at the hierarchy of capital in a company, the employees get paid所以,如果你看看一个公司的资本等级, 雇员得到报酬
1941first.先说
1942They get to pay the salary first, like in the legal proceedings, you know, the他们可以先支付工资, 就像在法律诉讼中,你知道,
1943salaries are sacrosanct.工资是神圣的。
1944If you are a board member and the company spends too much money and has back如果你是董事 公司花太多钱又回来了
1945salaries to pay, the government will go after you personally to pay back the薪水,政府会去 追逐你个人还
1946salaries.薪金。
1947So the employees get the most security, but in exchange for that security, they所以员工得到的安保最多, 但作为交换,他们
1948don't have as much upside.没有那么多颠倒。
1949Then next in line would be the debt holders who are maybe the bankers who lent然后,下一个排队的将是债务持有者 谁是也许银行家 谁借
1950money to the company for operations and they need to make their fixed coupon给公司的钱,他们需要 做他们的固定券
1951every month or every year, but they don't get much more upside beyond that.每月或每年,但是它们不会得到更多的颠倒。
1952Now they might be making 5, 10, 15, 20, 25% a year, but that's where their upside现在他们可能每年赚5,10,15,20,25%, 但这就是他们的颠峰之处
1953is limited to.仅限。
1954And then finally are the equity holders.最终成为股权持有者.
1955And these people are actually going to get most of the upside.这些人真的会得到大部分的胜利。
1956So once the debt holders are paid off and the salaries are paid off, whatever所以一旦债主得到还清 薪水也得到还清
1957remains goes to them.遗体交给他们。
1958But if there isn't enough money to pay off the salaries and the debt holders, or但是如果没有足够的钱 支付工资和债务持有者,或
1959if there's just enough to pay off the salary and the debt holders, which is what如果有足够的钱还清工资和债主,这就是
1960happens with most businesses most of the times, the equity holders get nothing.大多数时候, 与大多数企业发生, 股东得不到任何东西。
1961So the equity holders take on greater risk, but then they take on in exchange,所以股权持有者承担了更大的风险, 但是他们承担了交换,
1962they get nearly unlimited upside and you can do the same with all of your work.他们几乎无穷无尽的颠倒 而你可以做同样的事情
1963So essentially taking accountability for your actions is the same as taking an所以从本质上讲,为你们的行为承担责任,与采取
1964equity position in all of your work.在你所有的作品中都占有平等的地位。
1965You're essentially taking greater downside risk and greater upside risk, but你基本上承担了更大的下行风险和更大的倒置风险,但
1966realize that in modern society, the downside risk is not that large.认识到在现代社会中,下滑的风险并不大。
1967You know, even personal bankruptcy can wipe the debts clean in good ecosystems.即使是个人破产 也能在良好的生态系统中清理债务
1968I'm most familiar with Silicon Valley, but generally people will forgive我对硅谷最熟悉 但一般人们都会原谅
1969failures as long as you are honest and made a high integrity effort.失败,只要你诚实,并付出了很高的诚信努力。
1970So there's not really that much to fear in terms of failure.因此在失败方面并没有那么多的恐惧.
1971And so people should be taking on a lot more accountability than they actually are.所以人们应该承担比实际更多的责任。
1972Is accountability actually fragile or do you really just mean that we're hardwired责任其实很脆弱 还是你只是说我们是铁丝网
1973not to fail in public so it just feels like it's a fragile thing?不要在公共场合失败,所以它只是感觉 这是一种脆弱的事情?
1974I think it could actually be fragile.我认为它实际上可能是脆弱的。
1975The example of accountability is you're an airplane pilot.问责的例子是你是飞机飞行员
1976As a captain, you're taking on accountability for the entire plane.作为机长,你承担着整个飞机的责任.
1977Let's say that something goes wrong with the aircraft.假设飞机出了问题
1978You can't later blame it on anyone else.你以后不能怪别人
1979You can't blame it on the steward or the stewardess.你不能把责任归咎于女服务员或女服务员
1980You can't blame it on the co-pilot.不能怪副驾驶.
1981You're the captain.你是船长
1982You're responsible for the ship.你对这艘船负责
1983And if you screw up, you crash the ship and there are immediate consequences.如果你搞砸了,你会撞到船, 并有立即的后果。
1984In the old days, you know, the captain was expected to go down with the ship.在旧时,你知道,船长应该和船一起下去。
1985If the ship was sinking, literally the last person who got to get off was the captain.如果船在沉没 最后一个下车的人就是船长
1986So, yeah, I think accountability does come with real risks, but we're talking所以,是的,我认为 问责制确实带来 真正的风险,但我们正在谈论
1987about in a business context, the risk here would be that you would probably be the在商业背景下,这里的风险是 你可能是
1988last one to get your capital back out.最后一个让你的资本 回来。
1989You'd be the last one to get paid for your time.你会是最后一个 得到报酬你的时间。
1990So, you know, the time that you put in the capital that you put in into the company,所以,你知道,时间 你投入资本 你投入到公司,
1991these are what are at risk.这些都是危险。
1992Even if a business fails and your name's on it, that's not as bad as if it turns就算生意失败了 你的名字在上面 也没那么糟糕
1993out to be an integrity issue like you're Bernie Madoff, for example, Madoff像伯尼·麦道夫一样的正直问题 比如麦道夫
1994Investments, that name is never going to be good again in the investment community.投资,这个名字在投资界再也不会好起来.
1995You could be Bernie Madoff's great, great, great grandson.你可能是伯尼・麦道夫的伟大,伟大的,伟大的孙子。
1996You're not going to go into the investment business because you ruin the family name.你不会去投资业务 因为你毁了姓氏。
1997So I think these days, the accountability risk with the name happens more around所以我觉得现在 名字的问责风险 更多发生在周围
1998integrity rather than it does around purely economic failure.正直而不是纯粹的经济失败。
1999The big takeaway for me on accountability is that you will be rewarded directly in对于我来说 责任的最大的外卖 就是直接奖励你
2000proportion with your accountability.比例与您的责任。
2001I also think this is why people like Taleb rail against CEOs who get我也认为这就是为什么人们喜欢塔列布铁路 对抗获得
2002rewards without accountability.奖励不负责任。
2003Yeah.对
2004I mean, Taleb's skin in the game is required reading.我是说 Taleb在游戏中的皮肤需要阅读
2005If you want to get anywhere in modern life and understand how modern systems work,如果你想在现代生活中有所作为 了解现代系统是如何运作的
2006then skin in the game would be near top of my list to read.然后在游戏中的皮肤 将接近我的列表阅读。
2007But yes, accountability, skin in the game.但是,是的,责任, 皮肤在游戏中。
2008These concepts go very closely hand in hand.这些概念紧密相连。
2009I think of accountability as reputational skin in the game.我认为,问责制是游戏中的名声。
2010It's putting your personal reputation on the line as skin in the game.这让你个人的名声在游戏中暴露
2011Accountability is a simple concept.问责制是一个简单的概念。
2012The only part of accountability that may be a little counterintuitive is that we're问责制中唯一可能有点反感的部分就是我们
2013currently socially brainwashed to not take on accountability, not in a visible way.目前社会上洗脑,不承担问责责任,没有明显的责任。
2014But I think there are ways to take on accountability where every member of a team但我认为在团队的每个成员 都有责任
2015can take on accountability for their portion.可以承担他们的责任。
2016And that is how you get a well-functioning team while still putting credits and losses这就是你如何得到一个运转良好的团队 同时仍然放信用和损失
2017in the correct columns.在正确的栏中。
2018So why don't we talk a little bit about leverage.所以,我们为什么不谈一下杠杆。
2019The first tweet in the storm was a famous quote from Archimedes, which was,风暴中的第一个推文是Archimedes的著名引文,即,
2020give me a lever long enough and a place to stand and I will move the earth.给我一个足够长的杠杆和一个站的地方 我会移动地球。
2021The next tweet was, fortunes require leverage.接下来的推文是,财富需要杠杆.
2022Business leverage comes from capital, people and products with no marginal企业杠杆来自资本、人和没有边际产品
2023cost of replication.复制费用。
2024Leverage is critical.杠杆是关键。
2025The reason I stuck an Archimedes quote in there is normally I don't like putting我之所以把Archimedes的引言塞进去 通常我不喜欢放
2026other people's quotes in my Twitter.我推特上的其他人的报价
2027Like that doesn't add any value.喜欢这并不增加任何价值。
2028You can go look up those people's quotes, but this quote I had to put in there你可以去查查那些人的引用, 但这个引用我不得不放在那里
2029because it's just so fundamental.因为这太重要了
2030I read it when I was very, very young and it had a huge impression on me.当我非常,非常年轻的时候,我读了它 它给我留下了巨大的印象。
2031And we all know what leverage is when we use a seesaw or a lever.我们都知道,当我们使用锯木或杠杆时,杠杆是什么。
2032We understand how that works physically.我们了解这在身体上是如何运作的。
2033But I think what our brains aren't really well evolved to comprehend is how much但我认为我们的大脑进化得不太清楚 是多少
2034leverage is possible in modern society and what the newest forms of leverage are.在现代社会中可以发挥杠杆作用,以及最新的杠杆形式是什么。
2035And so the oldest form of leverage is labor, which is people working for you.所以最古老的杠杆形式是劳动, 这就是为你们工作的人。
2036So instead of me lifting rocks, I can have 10 people lift rocks.所以我可以让10个人去搬石头。
2037Then just by my guidance and where the rocks should go, a lot more rocks get然后在我的引导下 岩石应该去的地方 得到更多的岩石
2038moved than I could do myself.动得我无法自拔
2039Everybody understands this because we're evolved to understand the labor每个人都明白这一点,因为我们进化 了解劳动力
2040form of leverage.一种杠杆形式。
2041And so what happens is society overvalues labor as a form of leverage.因此,社会将劳动力视为一种杠杆。
2042This is why your parents are impressed when you get a promotion and you have这就是为什么你的父母 印象深刻 当你得到晋升,你有
2043lots of people working underneath you.很多人在你们下面工作
2044This is why when a lot of naive people, when you tell them about your company,这就是为什么很多天真的人 当你告诉他们你的公司
2045they'll say, how many people work there?他们会说,有多少人在那里工作?
2046They'll use that as a way to establish credibility.他们会用它来建立信誉
2047They're trying to measure how much leverage and impact you actually have.他们试图衡量你的实际影响力和影响。
2048Or when someone starts a movement, they'll say how many people they have or或者当有人发起运动时 他们会说他们有多少人
2049how big the army is.军队有多大?
2050We just automatically assume that more people is better, but I would argue that我们只是自动假设更多的人更好, 但我会说
2051this is the worst form of leverage that you could possibly use.这是最糟糕的杠杆形式 你可以使用。
2052Managing other people is incredibly messy.管理别人太乱了
2053It requires tremendous leadership skills.这需要巨大的领导技能。
2054You're one short hop from a mutiny or getting eaten or torn apart by the mob.你只是从兵变中逃出来 被暴徒吃掉或撕裂的短路
2055It's incredibly competed over.令人难以置信的竞争。
2056Entire civilizations have been destroyed over this fight.这场战斗摧毁了整个文明。
2057For example, communism, Marxism is all about the battle between capital and例如,共产主义,马克思主义都是关于首都与首都之间的战斗.
2058劳动, das Kapital au und das 劳动力,对不对?
2059So it's a trap.故曰陷阱.
2060So you really want to stay out of labor based leverage.所以,你真的想 远离劳动力的杠杆。
2061You want the minimum amount of people working with you that are going to allow你想要最少的人 和你一起工作 允许
2062you to use the other forms of leverage, which I would argue are much more你用其他的筹码,我更认为
2063interesting.有趣,你喜欢我
2064The second type of leverage is capital.第二类杠杆是资本。
2065And this one's a little less hardwired into us because large amounts of money而这一个有点少 硬连接到我们 因为大量的钱
2066moving around and being saved and being invested in money markets.四处移动 被拯救 被投资于货币市场
2067These are inventions of human beings in the last few hundred to few thousand这些是人类过去几百到几千年的发明
2068years.岁月
2069They're not evolved with us from hundreds of thousands of years.它们不是从数十万年中 与我们一起进化出来的
2070So we understand them a little bit less well.所以,我们了解他们 有点少。
2071They probably require more intelligence to use correctly and the ways in which它们可能需要更多的智力才能正确使用,以及如何使用
2072we use them keep changing.我们用它们不断改变。
2073Management skills from 100 years ago might still apply today, but investing in从100年前起的管理技能可能今天仍然适用,但投资
2074the stock market skills from 100 years ago probably don't apply to the same一百年前的股票市场技能 可能就不一样了
2075level today.级别为今天。
2076So capital is a trickier form of leverage to use.因此,资本是一种更巧妙的杠杆形式。
2077It's more modern.比较现代.
2078It's the one that people have used to get fabulously wealthy in the last century.这是上个世纪里人们最富有的地方
2079It's probably been the dominant form of leverage in the last century.这可能是上个世纪的主流杠杆形式.
2080And you can see this by who are the richest people.你可以从谁是最富有的人看出来。
2081It's bankers, politicians in corrupt countries who print money, essentially是银行家,腐败国家的政客 印钞票,基本上
2082people who move large amounts of money around.那些转移大量资金的人
2083And if you look at the top of very large companies outside of technology如果你看看科技以外的大公司
2084companies in many, many large old companies, the CEO job is really a许多大老公司的公司 首席执行官的工作其实是
2085financial job.财务工作。
2086They're really financial asset managers.他们是真正的金融资产管理者。
2087Now, sometimes an asset manager can put a pleasant face on it.有时候资产经理可以给它贴上一个愉快的表情
2088So you get a Warren Buffett type, but deep down, I think we all dislike所以,你得到一个沃伦巴菲特类型, 但内心深处,我想我们都不喜欢
2089capital as a form of leverage because it feels unfair because it's this资本是杠杆的一种形式 因为它觉得不公平 因为是这样
2090invisible thing that can be accumulated and passed across generations and无形的东西,可以积累和传递 世代和
2091suddenly seems to result in people having gargantuan amounts of money with突然间,人们似乎 拥有大量钱与
2092nobody else kind of around them or necessarily sharing in it.周围没有别人 或必须分享。
2093That said, capital is a powerful form of leverage.尽管如此,资本是一种强大的杠杆形式。
2094It can be converted to labor.可以转为劳动.
2095It can be converted to other things.它可以转换成其他的东西。
2096It's very surgical, very analytical.它非常外科手术,非常具有分析性.
2097If you are a brilliant investor and you have a billion dollars and you can make如果你是一个杰出的投资人 你有10亿美元,你可以赚
2098a 30% return with it, where anybody else can only make a 20% return, you're30%的回报率 其他人只有20%的回报率
2099going to get all the money and you're going to get paid very handsomely for it.要得到所有的钱 你会得到非常 英俊的报酬为此。
2100It scales very, very well.它的尺度非常,非常好。
2101If you get good at managing capital, you can manage more and more capital, much如果你善于管理资本 你可以管理越来越多的资本
2102more easily, they can manage more and more people.他们更容易管理越来越多的人
2103So it is a good form of leverage, but the hard part with capital is how do you所以,这是一个很好的杠杆形式, 但资本的艰难部分是 你如何
2104obtain it?拿到了吗?
2105And that's why I talked about specific knowledge and accountability这就是为什么我谈论具体的知识和责任
2106first.先说
2107If you have specific knowledge in a domain and if you're accountable and you如果你在某个领域有特定知识 如果你负责,你
2108have a good name in that domain, then people are going to give you capital as有个好名字 然后人们就会给你资本
2109a form of leverage that you can use to then go get more capital.一种杠杆形式,你可以使用 然后去得到更多的资本。
2110So, but capital also is fairly well understood.所以,但资本也是相当清楚的。
2111And I think a lot of the knocks against capitalism come because of the我认为许多反对资本主义的打击 是因为
2112accumulation of capital.资本积累。
2113The most interesting and the most important form of leverage is this idea最有趣和最重要的杠杆形式就是这个想法
2114of products that have no marginal cost of replication.用于无复制边际成本的产品。
2115This is the new form of leverage.这是新的杠杆形式。
2116This was only invented in the last few hundred years.这是过去几百年才发明的
2117It got started with the printing press and accelerated broadcast media.从印刷机和加速广播媒体开始。
2118And now it's really blown up with the internet and with code.现在它真的被网络和密码炸飞了。
2119So now you can multiply your efforts without having to involve other humans所以,现在你可以加倍努力,而不必让其他人参与
2120and without needing money from other humans.不需要其他人类的钱
2121This podcast is a form of leverage.这种播客是一种杠杆形式.
2122Long ago, I would have had to sit in a lecture hall and lecture each of you很久以前,我不得不坐在一个讲堂里 和你们每个人的演讲
2123personally, and I would have maybe reached a few hundred people.就我个人而言,我也许可以接触到几百人。
2124And that would have been that 30 years ago, I would have to be lucky to get on那会是30年前,我必须走运
2125TV, which is somebody else's leverage.电视,这是别人的筹码。
2126They would have distorted the message.他们会歪曲信息
2127They would have taken the economics out of it or charged me for it.他们本会把经济拿出来 或者收我的钱
2128They would have muddled the message and I would have been lucky to get that他们会把消息弄得一团糟 而我会很幸运的
2129form of leverage.一种杠杆形式。
2130But today, thanks to the internet, I can buy a cheap microphone, hook it up to a但今天,由于互联网, 我可以买一个便宜的麦克风, 把它连接到一个
2131laptop or an iPad, and there you are all listening.笔记本电脑或iPad 你们都在听
2132So this newest form of leverage is where all the new fortunes are made.因此,这种最新的杠杆形式是所有新财富的产地.
2133So all the new billionaires, the last generation fortunes were made by capital.所以所有的新亿万富翁,上一代的财富都是由资本创造的.
2134That was the Warren Buffets of the world.那是世界的沃伦·巴菲兹
2135But the new generation fortunes are all made through code or media.但新一代的财富都是通过代码或媒体实现的.
2136Joe Rogan making 50 to 100 million bucks a year from his podcast, PewDiePie.乔·罗根每年从播客PewDiePie那里赚到5到1亿美金.
2137I don't know how much money he's rolling in, but he's bigger than the news, right?我不知道他开多少钱 但他比新闻还大 对吧?
2138The Fortnite players, of course, Jeff Bezos and Mark Zuckerberg and Larry Page堡垒球员,当然,杰夫·贝佐斯和马克·扎克伯格和拉里·佩吉
2139and Sergey Brin and Bill Gates and Steve Jobs, that is all code-based leverage.谢尔盖·布林和比尔·盖茨和史蒂夫·乔布斯 都是基于密码的杠杆
2140Now, the beauty is when you combine all of these three, that's where tech现在,美丽的是 当你结合了所有这三个, 这就是技术
2141startups really excel, where you take just the minimum, but highest output labor初创企业真的很出色, 在那里你只需要最小的, 但产出最高的劳动力
2142that you can get, which are engineers and designers, product developers.工程师和设计师 产品开发者
2143And then you add in capital, you use that for marketing, advertising, scaling,然后加上资本,你用它来营销,广告,缩放,
2144and you add in lots of code and media and podcasts and content to get it all out there.加上很多的代码、媒体、播客和内容 才能把它们都弄出来
2145That is a magic combination.这是一种魔法组合。
2146And that's why you see technology startups explode out of nowhere, use massive这就是为什么你看到科技初创 突然爆炸,使用大规模
2147leverage and just make huge outsize returns.发挥杠杆作用,使回报量大到超度
2148Do you want to talk a little bit about permissioned versus permissionless?你想谈谈允许与不允许的问题吗?
2149Probably the most interesting thing to keep in mind about the new forms of也许是最有趣的事情 记住新的形式
2150leverage is they are permissionless.杠杆是它们没有被允许。
2151They don't require somebody else's permission for you to use them or succeed.他们不需要别人的许可 你才能使用或成功
2152For labor leverage, somebody has to decide to follow you.对于劳动力杠杆, 得有人决定跟随你。
2153For capital leverage, somebody has to give you money to invest or to turn into a对于资本杠杆,有人必须给你钱 投资或变成一个
2154product, but coding, writing books, recording podcasts, tweeting,产品,但编码,写书,录制播客,推特,
2155YouTubing, these kinds of things, these are permissionless.你猜,这些东西,这是不允许的。
2156You don't need anyone's permission to do them.你不需要任何人的许可
2157And that's why they're very egalitarian.这就是为什么他们非常平等。
2158They're great equalizers of leverage.他们是杠杆的巨大均衡者。
2159And as much as people may rail on Facebook and YouTube, they're not going to虽然人们在脸书和YouTube上可以摇摆不定 他们不会
2160stop using it because this permissionless leverage where everyone can be a停止使用它,因为这种无授权的杠杆 在那里每个人都可以是一个
2161broadcaster is just too good.广播机太好。
2162The same way, you know, you can rail upon Apple for having a slightly closed同样的方式,你知道,你可以 栏杆苹果有一点点关闭
2163ecosystem in the iPhone, but everyone's writing apps for it.iPhone中的生态系统, 但每个人都为它写应用程序。
2164So as long as you can write apps for it, you can get rich or reach users doing所以只要你能够为它编写应用程序, 你就可以发财或者联系用户
2165that, why not?那为什么不呢?
2166I think of all the forms of leverage, the best one in modern society and people我想到了各种杠杆形式 现代社会中最好的一种
2167that this is glib, this is a little overused, but, and this is why I tell这是glib,这是有点过度使用, 但是,这就是为什么我告诉
2168people learn to code, right?人们学习密码,对不对?
2169It's that we have this idea that in the future there's going to be these robots我们有这个想法 未来会有这些机器人
2170and they're going to be doing everything.他们会做所有的事
2171And that may be true, but I would say the majority of the robot revolution has这可能是真的, 但我会说大多数机器人革命
2172already happened.已经发生了。
2173The robots are already here and there are way more robots than there are humans.机器人已经在这里 机器人比人类还要多
2174It's just that we pack them in data centers for heat and efficiency reasons.因为热量和效率的原因 我们把它们装入数据中心
2175We put them in servers, they're inside the computers, all the circuits, the我们把它们放在服务器上, 放在电脑里面,所有的电路,
2176robot mind inside that's doing all the work.里面的机器人头脑正在做所有的工作。
2177And so every great software developer, for example, now has an army of robots因此,每个伟大的软件开发者, 例如,现在有一支机器人军队
2178working for him at nighttime while he or she sleeps after they've written the晚上为他工作 晚上他或她睡觉时,他们已经写了
2179code and it's just cranking away.代码和它只是摇动了。
2180So the robots army is already here.所以机器人军队已经来了
2181The robot revolution has already happened.机器人革命已经发生了。
2182We're about halfway through it.我们快过了一半了
2183We're just adding in much more of the hardware component these days, as we get我们只是增加了更多的硬件组件 这些日子,我们得到了
2184more familiar, we get more comfortable with the idea of autonomous vehicles and更熟悉的是,我们更舒服 的想法是自主车辆和
2185autonomous airplanes and autonomous ships and maybe autonomous trucks and, you自动飞机和自动船只,也许还有自动卡车
2186know, there's delivery bots and Boston Dynamics robots and all that.有送货员和波士顿动力机器人之类的
2187But robots who are doing web searching for you, for example, are already here.但是,正在做网络搜索的机器人 已经在这里了。
2188You know, the ones who are like cleaning up your video and audio and transmitting你知道,那些像清理 你的视频和音频以及传输
2189around the world are already here.全世界已经到了这里。
2190The ones who are answering many customer service queries, things that you would那些回答许多客户服务询问的人,你愿意做的事
2191have had to call a human for are already here.不得不叫人来 因为这里已经有人了
2192So an army of robots is already here.所以一队机器人已经来了
2193It's very cheaply available.现价非常便宜.
2194And the bottleneck is just figuring out intelligent and interesting things to do瓶颈只是想出 明智和有趣的事情做
2195to them.给他们。
2196And essentially you can order this army of robots around just the commands have基本上你可以命令这群机器人 周围只有命令
2197to be issued in a computer language, in the language that they understand.以他们理解的语言以计算机语言发行。
2198So these robots aren't very smart.所以这些机器人不太聪明。
2199They have to be told very precisely what to do and how to do it.必须非常准确地告诉他们该做什么以及如何去做。
2200So coding is such a great superpower because now you can speak the language of所以,编码是一个伟大的超级力量 因为现在你可以说语言
2201the robot armies and you can tell them what to do.机器人军队 你可以告诉他们该怎么做
2202And I think at this point, actually, people are not only commanding the army of此时此刻,人们不仅指挥着
2203robots within servers through code, they're actually manipulating the movement of服务器内的机器人通过代码, 他们实际上在操纵移动
2204trucks of other people, just ordering a package on Amazon.其他人的卡车, 只是订购一个包裹在亚马逊。
2205You're manipulating the movement of many people and many robots to get a package你操控着很多人和许多机器人的行动 来得到一个包裹
2206delivered to you.送给你的
2207People are doing the same things to build businesses now.人们现在也在做同样的事情来建立企业.
2208So there's the army of robots within servers.所以服务器里面有一群机器人
2209And then there's also an army of actual robots and people that are being还有一群真正的机器人和人
2210manipulated through software.通过软件操纵。
2211Labor and capital are much less egalitarian, not just in their inputs, but in劳动力和资本不仅在投入方面,而且在
2212their outputs.其产出。
2213Let's say that I need something that humans have to provide, like if I want to假设我需要人类提供的东西 比如我想
2214massage or if I need someone to cook my food, the more of a human element there按摩,或者我需要人来做饭, 更多的人性元素在那里
2215is in providing that service, the less egalitarian it is.即提供这种服务,这种服务越不平等。
2216Jeff Bezos probably has much better vacations than most of us, right?杰夫·贝佐斯的假期可能比我们大多数人都好,对吧?
2217Because he has lots of humans running around doing whatever he needs to do.因为他有很多人类到处跑 做他需要做的事
2218But if you look at the output of code in media, Jeff Bezos doesn't get to watch但是如果你看看媒体的代码输出 杰夫·贝佐斯就不会看
2219better movies and TV than we do.比我们更好的电影和电视。
2220Jeff Bezos连更好的计算经验都没有,比如Google
2221doesn't give him some premium special Google account where his searches are不给他一些高价的谷歌专用账户 在那里他的搜索
2222better.好多了,你还好吧?
2223It's the nature of code and media output that the same product is accessible to密码和媒体输出的性质 同一产品可以访问
2224everybody.每个人。
2225And it turns into a positive sum game, where if Jeff Bezos is consuming the如果杰夫·贝佐斯正在消耗
2226same product as a thousand other people, that product would be better than the和一千个人一样,产品会比
2227version that Jeff would consume on his own.杰夫会自己消费的版本
2228Whereas with other products, that's not true.而与其他产品相比,这不是真的。
2229If you look at something like buying a Rolex, which is no longer about telling如果你看的东西 像购买劳力士, 这已经不是说
2230time, it's a signaling good.时间,这是一个信号良好的。
2231It's all about showing off, I have a Rolex.这一切都是为了炫耀,我有劳力士。
2232That's a zero sum game.这是零和游戏。
2233If everybody in the world is wearing a Rolex, then people don't want to wear如果世界上每个人都穿着劳力士,那么人们就不想穿
2234Rolexes anymore because they no longer signal.劳力士已经不再发出信号了
2235It's canceled out the effect.它取消了效果。
2236And so rich people do have an advantage in consuming that product.所以富人确实有消费这种产品的优势。
2237They'll just price it up till only they can have Rolexes and then poor people他们只会给钱,直到他们有劳力士和穷人
2238can't have Rolexes and Rolexes resume their signaling value.不能让劳力士和劳力士恢复它们的信号值.
2239但是,比如看Netflix或者使用Google或者使用Facebook或者YouTube
2240or even frankly, modern day cars like rich people don't have better cars.甚至坦率地说,像富人这样的现代汽车没有更好的汽车.
2241They just have weirder cars.他们只是有更怪的车。
2242You can't drive a Lamborghini on the street at any speed that makes sense for你不能在街上开一辆兰博基尼 任何速度都合理
2243a Lamborghini.a 兰博基尼。
2244So it's actually a worse car in the street.所以其实是街上更糟糕的车.
2245It just turned into a signaling good at that point.它只是变成了一个信号 良好的在这一点上。
2246Your sweet spot where you want to be is somewhere like a Tesla Model 3 or like a你的甜点,你想成为的地方 是像特斯拉模型3或像一个
2247Toyota Corolla is an amazing car.丰田科罗拉是一辆惊人的汽车.
2248The new Toyota Corolla is a really nice car, but because it's mainstream, the新的丰田Corolla是一辆非常好的车, 但是因为它是主流的,
2249technology has amortized the cost of production over the largest number of技术将生产成本的摊销额超过
2250consumers possible and the best products tend to be at the center, at the sweet消费者可能 和最好的产品 往往处于中心, 在甜
2251spot, the middle class rather than being targeted at the upper class.而不是针对上层阶级
2252So I think one of the things that we don't necessarily appreciate in modern society所以我认为在现代社会中 我们未必欣赏的东西之一
2253is as the forms of leverage have gone from being human based, labor based and正如杠杆形式已经从人本、劳动力本位和
2254being capital based to be more product and code and media based, that most of the以资本为基础,以更多的产品和代码为基础,以媒体为基础,
2255goods and services that we consume are becoming much more egalitarian in their我们消费的商品和服务越来越平等
2256consumption.消费。
2257Even food is becoming that way.甚至食物也变得如此。
2258Like food is becoming cheap and abundant, at least in the first world, too much so就像食物越来越便宜和丰富,至少在第一世界,太过份了
2259to our detriment.对我们不利。
2260Jeff Bezos isn't necessarily eating better food.杰夫·贝佐斯不一定吃得更好
2261He's just eating different food or he's eating like food that's prepared and他只是吃不同的食物 或者他吃 像食物的准备
2262served theatrically.在剧场上
2263So it's almost like more of, again, the human element performance.因此,它几乎像更多的, 再次,人元素性能。
2264But the labor element out of food production has gone down massively.但是,粮食生产中的劳动力成分已经大幅下降。
2265The capital element has gone down massively.资本因素已经严重下降。
2266And so even food production itself has become more technology oriented.因此,甚至食品生产本身也变得更加面向技术。
2267And so the gap between the haves and the have nots is getting smaller.因此,富人和无人之间的差距正在缩小。
2268So if you care about ethics in wealth creation, it is better to create your所以如果你关心创造财富的道德, 最好创造你
2269wealth using code and media as leverage, because then those products are equally以密码和媒体为杠杆的财富,因为那么这些产品就等于
2270available to everybody as opposed to trying to create your wealth through labor而不是试图通过劳动创造财富
2271or capital.或资本。
2272Because what I'm referring to here is scale economies, technology products and因为我指的是规模经济 技术产品和
2273media products have such amazing scale economies that you always want to use the媒体产品有如此惊人的规模经济 你总是想使用
2274product that is used by the most people.被大多数人使用的产品。
2275The one that's used by the most people ends up having the largest budget.大多数人使用的那个 最终预算最多
2276There's no marginal cost of adding another user.添加另一个用户没有边际成本.
2277And so with the largest budget, you get the highest quality.所以,以最大的预算, 你得到了最高的质量。
2278So the best TV shows are actually not going to be some obscure ones just made所以,最好的电视节目 实际上不会是 一些模糊的刚刚制作
2279for a few rich people.给几个有钱人
2280They're going to be the big budget ones like The Game of Thrones or The Breaking他们将会是大 预算如游戏王座或破碎
2281Bad or Bird Box, where they have massive, massive budgets.坏或鸟盒,在那里 他们有大规模,巨大的预算。
2282They can just use those budgets to get to a certain quality level.他们可以用这些预算达到一定的质量水平。
2283And then the rich people to be different, they have to fly to Sundance and watch a然后富人要不同 他们必须飞到圣丹斯 看一看
2284documentary because you and I aren't going to fly to Sundance because, you know,因为你和我不会飞到圣丹斯
2285that's something that bored rich people do to show off and we're not going to无聊的有钱人做 炫耀,我们不会
2286watch a documentary because most of them just aren't actually even that good.看一部纪录片,因为大多数都不是真的那么好。
2287Right.对
2288Again, if you're wealthy today for large classes of things, you spend your money再说一次,如果你今天有钱 做很多事情,就花你的钱
2289{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}在信号商品上 {\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}让别人知道你很有钱
2290convert them to status as opposed to actually consuming the goods for their own将货物转换为地位,而不是为自身实际消费货物
2291sake.来杯啤酒
2292People and capital as a form of leverage have a negative externality and code and人和资本作为一种杠杆形式,具有负面的外部性和守则,
2293product have a positive externality attached to them.产品具有积极的外部性。
2294If I was going to sum up your point, I think that capital and labor are also如果我要总结你的观点 我认为资本和劳动力也是
2295starting to become a little more permissionless, or at least the开始变得有点没有授权, 或者至少
2296permissioning is diffuse because of the internet.由于互联网,授权是分散的。
2297So instead of labor, we have community now, which is diffused form of labor.因此,我们没有劳动,而是建立了社区, 社区是分散的劳动形式。
2298For example, Mark Zuckerberg has a billion people doing work for him by using例如,马克·扎克伯格(Mark Zuckerberg)有十亿人通过使用
2299Facebook and instead of going to raise capital from someone who's rich, now weFacebook 而不是向有钱人募集资金 现在我们
2300have crowdfunding.有人群资助。
2301So you can raise millions and millions of dollars for a charity, for a health所以,你可以筹集上百万美元 一个慈善,健康
2302problem, or for a business, you can do it all online.问题,或为生意, 你可以在网上做这一切。
2303So capital and labor are also becoming permissionless and you don't need to所以,资本和劳动力也变得 不允许,你不需要
2304necessarily do it the old fashioned way where you have to go around and ask一定要用老式的方法去问
2305people for permission to use their money or their time.人们需要钱或时间
2306One more question about leverage.还有一个关于杠杆的问题。
2307Do you think a choice of business model or a choice of product can also bring a你认为选择商业模式或选择产品也能带来
2308kind of leverage to it?那种杠杆呢?
2309For example, pursuing a business that has network effects, pursuing a business例如,追求具有网络效应的企业,追求企业
2310that has brand effects or other choices of business model that people could具有品牌效应或人们可以选择的商业模式
2311manipulate that just give you free leverage?操纵那只是 给你的自由杠杆?
2312Yeah, there's some really good micro economic concepts that are important to是啊,有一些非常好的微观经济概念 很重要
2313understand.明白吗?
2314One of those is scale economies, which is the more you produce something, the其中之一是规模经济, 也就是你生产的东西越多,
2315cheaper it gets to make it.做起来更便宜
2316That's something a lot of business cheaper gets to make with.这是很多商业 便宜得到做。
2317That's something we'd a lot of business cheaper gets to make with.我们的生意要便宜得多
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P2 · 纳瓦尔:如何不靠运气致富?(完整版) p02 下 (P2)

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时间英文中文
0:00old-fashioned way where you have to go around and ask people for permission to use their旧式的方式,你必须去的地方 并征求人们的许可 使用他们的
0:04money or their time.钱或时间。
0:06One more question about leverage.还有一个关于杠杆的问题。
0:08Do you think a choice of business model or a choice of product can also bring a kind你认为选择商业模式或选择产品也能带来一种
0:12of leverage to it?对它的影响?
0:13For example, pursuing a business that has network effects, pursuing a business that例如,追求一个具有网络效应的企业,追求一个具有网络效应的企业.
0:19has brand effects, or other choices of business model that people could manipulate that just或人们可以操纵的 商业模式的其他选择
0:25give you free leverage?给您自由的杠杆?
0:27Yeah, there's some really good microeconomic concepts that are important to understand.是的,有一些非常好的微观经济概念 需要理解。
0:32One of those is scale economies, which is the more you produce something, the cheaper其中之一是规模经济,它越是生产的东西,就越便宜
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1old-fashioned way where you have to go around and ask people for permission to use their旧式的方式,你必须去的地方 并征求人们的许可 使用他们的
2money or their time.钱或时间。
3One more question about leverage.还有一个关于杠杆的问题。
4Do you think a choice of business model or a choice of product can also bring a kind你认为选择商业模式或选择产品也能带来一种
5of leverage to it?对它的影响?
6For example, pursuing a business that has network effects, pursuing a business that例如,追求一个具有网络效应的企业,追求一个具有网络效应的企业.
7has brand effects, or other choices of business model that people could manipulate that just或人们可以操纵的 商业模式的其他选择
8give you free leverage?给您自由的杠杆?
9Yeah, there's some really good microeconomic concepts that are important to understand.是的,有一些非常好的微观经济概念 需要理解。
10One of those is scale economies, which is the more you produce something, the cheaper其中之一是规模经济,它越是生产的东西,就越便宜
11it gets to make it.它会成功的
12That's something that a lot of businesses have, basic economics 101, and you should这是很多企业都有的, 基础经济学101,你应该
13try and get into a business where making widget number 12 is cheaper than making widget number尝试进入一个制造部件12比制造部件号码便宜的行业
145, and making widget number 10,000 is a lot cheaper than the previous ones, and this builds5,而制造10000元的部件 比之前的便宜很多, 而这个建筑
15up an automatic sort of barrier to entry against competition and getting commoditized.对进入竞争和商品化设置自动障碍
16So that's an important one.这很重要
17Another one, this is along the same lines, but technology products especially, and media另一条,这是同样的路线, 但技术产品,尤其是媒体
18products have this great quality where they have zero marginal cost of reproduction.产品质量如此之高 繁殖成本为零
19So creating another copy of what you just created is free.所以创造出另一个你刚刚创造的拷贝是免费的。
20So when somebody listens to this podcast or watches a YouTube video about this, it doesn't所以,当有人听这个播客 或观看一个YouTube视频 关于这一点,它不
21cost me anything for the next person who shows up.为了下一个出现的人 我付出了一切
22Those zero marginal cost things, they take a while to get going because you make very那些零边际成本的东西, 他们需要一段时间去 因为你做的非常
23little money per user, but over time, they can really, really add up.每个用户的钱很少,但随着时间的推移, 他们可以真的,真的加起来。
24So Joe Rogan is working no harder on his current podcast than he was on podcast number one,乔·罗根现在的播客工作比第一播客更努力
25but on podcast number 1100, he's making a million dollars for the podcast, whereas for但是在1100号播客上 他为播客赚了一百万
26the previous one, he probably lost money for the first one.上次他可能输了第一个
27That's an example of zero marginal cost.这是零边际成本的例子.
28And then the most subtle but the most important is this idea of network effects, and it comes最微妙但最重要的就是这个网络效应的概念,它来了
29from computer networking.从计算机网络。
30Bob Metcalf, who created Ethernet, famously coined Metcalf's law, which is the value创建以太网的鲍勃·梅特卡夫(Bob Metcalf),著名的发明了梅特卡夫定律,这就是价值.
31of a network is proportional to the square of the number of nodes in the network.一个网络与网络中节点数的平方成正比。
32So if a network of size 10 would have a value of 100, a network of a size 100 would have所以如果一个10号的网络的值是100,一个100号的网络的值是100。
33a value of 10,000.价值为10,000。
34It's not just 10x more, it's 100x more because it's a square, so the difference is a square.不仅10x多,100x多是因为是方形,所以区别是方形.
35So you want to be in a network effects business, assuming you're not number two.所以你想参与网络效应业务, 假设你不是第二。
36If you're number one in network effect business, you win everything.如果你是网络效应行业的头号人物, 你赢得了一切。
37So example, if you look at Facebook, your friends and family's social networking protocol,举个例子,如果你看看脸书, 你的朋友和家人的社交网络协议,
38who's their competitor?他们的竞争者是谁?
39Nobody, because they won everything through network effects, which is why when people没有人,因为他们通过网络效应赢得了一切 这就是为什么当人们
40say, well, I can just switch away from Facebook, they don't realize that network effects create说,好了,我可以只是切换 从Facebook, 他们不知道网络效应创造
41natural monopolies.自然垄断。
42They're very, very powerful things.它们是非常非常强大的东西。
43And one of the dirty secrets of Silicon Valley is that a lot of the winning businesses are硅谷的一个肮脏秘密是 很多赢家都是
44natural monopolies.自然垄断。
45Even ride sharing tends towards one winner take all system, like Uber will always have即使是骑马共享 也倾向于一个赢家拿走所有系统 就像Uber永远拥有
46better economics than Lyft, as long as it's moving more drivers and more riders around.比Lyft更经济, 只要它移动更多的司机和骑手周围。
47Something like Google, there's only one viable search engine.比如谷歌,只有一个可行的搜索引擎。
48I do like DuckDuckGo, you know, privacy reasons, but they're just always going to be behind我喜欢DuckDuck Go,你知道的,隐私的原因, 但他们总是会落后
49because of network effects.因为网络效应。
50Twitter, right?推特 对吧?
51Where else would you go for microblogging?微博还能去哪?
52Even YouTube has weak network effects, but they're still powerful enough.连YouTube都有微弱的网络效果,但它们仍然足够强大.
53There's really no number two site that you go to to consume your video on a regular basis.其实没有二号站台可以定期消耗你的视频.
54It even turns out in e-tail Amazon Prime and convenience stored credit cards and information连电子尾巴亚马逊Prime和方便 都存有信用卡和信息
55creates a powerful network effect.创造强大的网络效应。
56So what is a network effect?那么网络效应是什么?
57Let's just define it precisely.让我们精确地定义它。
58A network effect is when each additional user adds value to the existing user base.网络效应是指每个新增用户增加现有用户基础的价值.
59So your users themselves are creating some value for the existing users.所以,你的用户本身正在为现有的用户创造一些值.
60The classic example that I think everybody can understand is language.我认为每个人都能理解的经典例子就是语言。
61Let's say that there's 100 people live in the community and speak 10 different languages不如说社区里有一百个人 讲十种不同的语言
62and each person just speaks one of those 10.每个人只说其中之一10。
63Well, you're having to translate all the time.你总是要翻译
64It's incredibly painful.这是令人难以置信的痛苦。
65But if all 100 of you spoke the same language, it would add tremendous value.但是,如果你们所有100人都说同样的语言,那会增加巨大的价值.
66And so the way that community will play out is 10 people start out speaking 10 languages.因此,社区将发挥出 10 人开始讲10种语言。
67So let's say that one extra person learns English.因此,让我们假设一个额外的人学习英语。
68Well, now all of a sudden, 11 people know English.突然,11个人懂英语
69So the next person comes in to learn a new language, probably going to choose English.因此,下一个人进来学习一种新语言,可能要选择英语.
70At some point, let's say English gets to 20 or 25 people, it's done.在某些时候,让我们假设英语得到20或25人,就完成了.
71It's just going to own the entire language marketplace and the rest of the languages它会拥有整个语言市场 以及其他语言
72will get competed out, which is why long term, the entire world is probably going to end将获得竞争, 这就是为什么长期, 整个世界可能会结束
73speaking English and Chinese.说英语和中文。
74China is closed off on the Internet, but the Internet itself is a great leveler.中国在互联网上被关闭,但互联网本身却是一个巨大的平面.
75And people who want to communicate on the Internet are forced to speak English because而想在互联网上交流的人被迫说英语,因为
76the largest community of people on the Internet speaks English.互联网上最大的人群会说英语。
77I always feel bad for my colleagues who grew up speaking foreign languages in foreign countries我总是为那些在外国说外语长大的同事们感到难过
78because you don't have access to so many books.因为你没有那么多的书
79So many books just haven't been translated into other languages.所以很多书还没有翻译成其他语言。
80So if you only spoke French or you only spoke German or you only spoke Hindi, for example,所以,如果你只说法语 或者你只说德语 或者你只说印地语,例如,
81you would be at a severe disadvantage in a technical education.在技术教育方面,您将处于非常不利的地位。
82Invariably, if you go and get a technical education, you have to learn English just总是,如果你去接受技术教育, 你必须学习英语
83because you have to read these books that have this data that has not been translated.因为你必须读这些书 这些数据还没有翻译。
84So languages are probably the oldest example of network effect.所以语言可能是网络效应最古老的例子.
85Money is another example.钱是另一个例子。
86We should all probably be using the same money, except for the fact that geographic我们也许都该用同样的钱 除了地理上
87and regulatory boundaries have created these artificial islands of money.和监管边界 创造了这些人工的金钱岛屿。
88But even then, the world tends to use a single currency as the reserve currency但即使这样 世界也倾向于使用单一货币作为储备货币
89at most times, currently the US dollar.在多数情况下,目前为美元。
90So network effects are a very powerful concept.所以网络效应是一个非常强大的概念.
91When you're picking a business model, it's really good idea to pick a model where you当你选择一个商业模型, 这是非常好的主意 选择一个模型在那里你
92can benefit from network effects, low marginal costs and scale economies.可受益于网络效应、低边际成本和规模经济。
93And these tend to go together like anything that has zero marginal cost of production这些都像生产零边际成本的东西一样
94obviously has scale economies.显然有规模经济。
95And things that have zero marginal cost of reproductions very often tend to have network复制成本为零的东西 往往有网络
96effects because it doesn't cost you anything more to stamp out the thing.效果是因为它并不花费你 更多的东西来消灭它。
97So then you can just create little hooks for users to add value to each other.这样你就可以仅仅为用户创造小钩子来增加彼此的价值.
98So you should always be thinking about how your users, your customers can add value to所以,你应该总是在想 你的用户,你的客户 如何增加价值
99each other, because that is the ultimate form of leverage.相互之间,因为这是杠杆的最终形式。
100You're on the beach in the Bahamas or you're sleeping at night and your customers are adding你在巴哈马的海滩上 或者晚上睡觉 你的顾客在加
101value to each other.对彼此的价值。
102The tweet storm is very abstract.推特风暴非常抽象.
103It's deliberately meant to be broadly applicable to all kinds of different domains and disciplines它有意广泛适用于各种不同的领域和学科
104and time periods and places.以及时间和地点。
105But sometimes it's hard to work without concrete example.但有时没有具体的例子很难工作.
106So let's go concrete for a minute.所以,让我们去 混凝土一分钟。
107Look at the real estate business.央视房地产业务.
108You could start at the bottom.你可以从底部开始
109Let's say you're a day laborer.假设你是一个日工。
110You come in, you fix people's houses.你进来,你修复人们的房子。
111Someone orders you around, tells you break that piece of rock, sand that piece of wood,有人命令你 告诉你打破那块石头 沙子那块木头
112put that thing over there.把那东西放那边
113There's all these menial jobs that go on the construction site.建筑工地上都有这些普通工作
114If you're working one of those jobs, unless you're a skilled trade, like say a carpenter如果你在做其中一项工作 除非你是个熟练的行业 比如说木匠
115or electrician, you don't really have specific knowledge.或电工, 你不是真的有特定的知识。
116And even carpenter or electrician is not that specific because other people can be trained连木匠或电工都不这么具体 因为其他人可以接受训练
117how to do it.如何办.
118So you can be replaced.这样你就可以被替换了。
119So you get paid your $15, $20, $25, $50.所以你得到15美元,20美元,25美元,50美元。
120If you're really lucky, $75 an hour, but that's about it.如果你真的走运的话,每小时75美元,不过就这个了.
121You don't have any leverage other than from the tools that you're using.除了你使用的工具之外,你没有任何杠杆。
122So if you're driving a bulldozer, that's better than doing it with your hands.所以如果你开的是推土机, 那比用手来做要好。
123So day labor in India makes a lot less because they have no tool leverage.因此,印度的日产产量要少得多,因为他们没有工具杠杆。
124You don't have much accountability.你没有太多的责任。
125You're a faceless cog in the construction crew and the owner of the house or the buyer你是建筑工人和房主或买家的无脸眼镜
126of the house doesn't know or care that you worked on it.房子不知道 也不关心你的工作。
127One step up from that, you might have a contractor, like a general contractor, who someone hires再往前一步,你可能会有一个承包商, 像一个普通承包商,谁雇用谁
128to come and fix and repair and build up their house.来修补他们的房子
129That general contractor is taking accountability, they're taking responsibility.那个总承包商负责,他们负责
130So now, let's say they got paid $250,000 for the job.所以,现在,让我们假设 他们得到了25万美元的工作。
131Sorry, I'm using barrier prices, so maybe I'll go rest the world price, $100,000 for对不起,我用屏障价格,所以 也许我会去休息 世界价格,10万美元
132the job to fix up a house.修复房子的工作。
133And it actually costs the general contractor all said and done $70,000.这实际上花费了总承包商全部 说并做了7万美元。
134Well, that contractor is going to pocket that remaining 30.那个承包商会把剩下的30块藏起来
135So they got the upside.因此,他们得到的优势。
136They got the equity, but they're also taking accountability and risk.他们有股权,但他们也承担着责任和风险.
137So if the project runs over and there's losses, then they eat the losses.所以,如果项目运行过后出现损失,那么他们就会吃掉损失.
138But you see just the accountability gives them some form of additional potential income.但是,你看到的只是 问责制给他们 某种形式的额外的潜在收入。
139And then they also have labor leverage because they have a bunch of people working for them.他们也有劳动杠杆,因为他们有一群人为他们工作。
140But it probably tops out right there.但它可能顶端就在那里。
141You can go one level above that and you can look at a property developer.你可以跳到一个级别以上,你可以看一个地产开发商。
142This might be someone who is a contractor who did a bunch of houses, did a really good这可能是一个承包商 谁做了一堆房子,做了一个真正的好
143job, then decided to go into business for themselves and they go around looking for然后决定自己去做生意 他们四处寻找
144beaten down properties that have potential.摧毁那些有潜力的房产
145They buy them.他们买的
146They either raise money from investors, they're fronted themselves, they fix the place up,他们要么向投资者募集资金, 要么面对自己,
147and then they sell it for twice what they bought it for.然后他们卖掉它两倍 他们买它。
148Maybe they only put in 20% more, so it's a healthy profit.也许他们只加20%,所以这是一个健康的利润.
149So now a developer like that takes on more accountability, has more risk, they have more所以现在这样的开发者要承担更多的责任, 承担更多的风险, 他们拥有更多的
150specific knowledge because now you have to know which neighborhoods are worth buying具体的知识,因为现在你必须知道 哪些街区值得购买
151in, which lots are actually good and which lots are bad.哪些是好的 哪些是坏的
152What makes or breaks a specific property, you have to imagine the finished house that's是什么使 或打破一个特定的财产, 你必须想象 完成的房子是
153going to be there even when the property itself might look really bad right now.即使地产本身现在看起来很糟糕 也会在那里
154So there's more specific knowledge.故有更具体知识.
155There's more accountability and risk.责任追究和风险增加.
156And now you also have capital leverage because you're also putting money into the project.而现在你也有资本杠杆, 因为你也把资金投入项目。
157But conceivably, you could buy a piece of land or a broken down house for $200,000 and但可以想象 你可以以20万美金买块土地或破房子
158turn it into a million dollar mansion and pocket all the difference.把它变成一百万的豪宅 并吞下所有的区别。
159One level beyond that might be a famous architect or a developer where just having your name更远的一层可能是一个著名的建筑师 或一个开发商,只要有你的名字
160on a property because you've done so many great properties increases its value.因为你做了这么多伟大的财产 增加了它的价值
161One level up from that, you might be a person who decides, well, I understand real estate从这个高度上看,你可能是一个决定,嗯,我理解房地产
162and I now know enough of the dynamics of real estate that rather than just build and flip我现在对房地产的动态了解得够多了 不只是建造和翻翻
163my own properties or improve my own properties, I'm going to be a massive developer.无论是我自己的属性还是改进我自己的属性,我都会成为一个大规模的开发者.
164I'm going to build entire communities.我要建立整个社区
165Another person might say, I like that leverage, but I don't want to manage all these people.其他人可能会说,我喜欢这种杠杆, 但我不想管理所有这些人。
166I want to do it more through capital.我想通过资本做更多的事情
167So I'm going to start a real estate investment trust.所以我要启动房地产投资信托.
168And that requires specific knowledge, not just about investing in real estate and building这需要具体的知识 不只是投资房地产和建筑
169real estate, but also requires specific knowledge about the financial markets, the capital markets房地产,但也要求掌握关于金融市场、资本市场的具体知识
170and how real estate trusts operate.以及房地产信托如何运作。
171One level beyond that might be somebody who says, actually, I want to bring the maximum超过这个水平的人可能说,实际上,我想带来最大的
172leverage to bear in this market and the maximum specific knowledge.在这个市场发挥杠杆作用,并获得最大程度的具体知识。
173And so that person would say, well, I understand real estate and I understand everything from所以那个人会说,嗯,我理解房地产,我理解一切
174basic housing construction to building properties and selling them to how real estate markets建造基本住房,建造房产,并将其出售给房地产市场;
175move and thrive.移动和繁荣。
176And I also understand the technology business.我也了解科技行业。
177So I understand how to recruit developers, how to write code and how to build good product.所以我知道如何招聘开发者, 如何写代码和如何制造好产品。
178And I understand how to raise money from venture capitalists and how to return it and how all我理解如何从风险投资家那里筹集资金 如何回报,如何所有
179of that works.说到做到
180And obviously not a single person may know this.显然没有人知道这一点。
181You may pull a team together to do it where each have different skill sets.你可以召集一个团队 来完成它 在每一个有不同的技能组合。
182But that combined entity would have specific knowledge in technology and in real estate.但是,这个合并的实体在技术和房地产方面有具体的知识。
183It would have massive accountability because that company's name would be a very high risk,会有巨大的责任 因为那个公司的名字会是一个非常高的风险,
184high reward effort attached to the whole thing.整件事都付出了很高的回报
185And people would devote their lives to it, take on significant risk.人们会为此付出生命 承担重大风险
186And then it would have leverage in code with lots of developers.然后它就会在代码中与许多开发者有杠杆作用.
187It would have capital with investors putting money in and the founders own capital.它拥有资本,投资者投入资金,创始人拥有资本。
188And it would have labor of some of the highest quality labor that you can find, which is它将拥有一些你能找到的 最高品质的劳动,这就是
189high quality engineers and designers and marketers who are working on the company.从事公司工作的高品质工程师、设计师和营销员。
190And then you may end up with a Trulia or a Redfin or a Zillow kind of company.然后,你可能会有一个特鲁利亚 或者一个雷德芬 或者一个Zillow类型的公司。
191And then the upside could potentially be in the billions of dollars or the hundreds of然后,成功的可能在于 数十亿美元或数百美元
192billions of dollars.数十亿.
193So as you layer in more and more kinds of knowledge that can only be gained on the job所以当你积累越来越多的知识 只能靠工作获得
194and aren't common knowledge and you layer in more and more accountability and risk taking并且不是普通知识 而你在越来越多的责任和风险中
195and you layer in more and more great people working on it and more and more capital on并且你把越来越多的伟大的人 工作在其中 和越来越多的资本
196it and more and more code and media on it, you keep expanding the scope of the opportunity它和越来越多的代码 和媒体在上面, 你不断扩大 机会的范围
197all the way from the day laborer who might just literally be scrapping on the ground从白天开始,工人们 可能只是从地上刮下来
198with their hands all the way up to somebody who started a real estate tech company and他们的手一直到某人 谁创办了房地产技术公司和
199took it public.把它公开。
200We spoke about specific knowledge.我们谈到了具体的知识。
201We talked about accountability.我们谈到了问责制。
202We talked about leverage.我们谈论了杠杆。
203The last skill that Naval talks about in his tweet storm is judgment, where he says that海军在他的微博风暴中谈到的最后一个技巧是判断,他说
204leverage is a force multiplier for your judgment.杠杆可以增强你的判断力
205We are now living in an age of nearly infinite leverage and all the great fortunes are created我们现在生活在一个 几乎无限的杠杆时代 所有伟大的财富都是创造的
206through leverage.通过杠杆。
207So your first job is to go and obtain leverage and you can obtain leverage through permission所以,你的第一个工作是去获得杠杆 通过许可,你可以得到杠杆
208by taking risks and getting people to work for you or by raising capital or you can get通过冒险和让人们为你工作 或者通过筹集资本或者你可以得到
209leverage permissionlessly by learning how to code or becoming good communicator and通过学习如何编码或成为好通讯员和
210podcasting, broadcasting, creating videos, writing, etc.播客,广播,制作视频,写作等.
211So that's how you get leverage.所以这就是你如何得到杠杆。
212But once you have leverage, what do you do with it?但一旦你有筹码,你怎么办?
213Well, the first part of your career is spent hustling to get leverage.好吧,你职业生涯的第一部分 花了很多时间来获得影响力。
214Once you have the leverage, then you want to slow down a bit because your judgment really一旦你有了筹码,你就想减慢一点 因为你的判断真的
215matters.问题。
216It's like you've gone from steering your sailboat around to now you're steering an ocean liner就像你从驾着帆船转到现在 你开着一艘远洋班轮
217or a tanker.或者油轮
218You have a lot more at risk, but you have a lot more to gain as well.你的风险更大,但你也有 更多的好处。
219You're carrying a much higher payload.你携带的载荷要高得多
220So in an age of infinite leverage, judgment becomes the most important skill.因此在无限杠杆时代,判断成为最重要的技能.
221Warren Buffett is so wealthy now because of his judgment.由于他的判断,沃伦·巴菲特现在非常富有.
222Even if you were to take away all of Warren's money, tomorrow, investors would come out即使你拿走沃伦的所有钱 明天投资人就会出来
223of the woodwork and hand him $100 billion because they know his judgment is so good给他一千亿 因为他们知道他的判断是那么好
224and they would give him a big chunk of that $100 billion to invest.他们会给他一大笔1000亿美元投资
225So ultimately, everything else that you do is actually setting you up to apply your judgment.最终,你所做的一切 都是为了运用你的判断。
226One of the big things that people rail on a CEO pay, and for sure, there's crony capitalism人们用首席执行官的薪水来支付一笔大钱 肯定有专制资本主义
227that goes on where these CEOs control their boards and the boards give them too much money.这些首席执行官控制着他们的董事会 董事会给了他们太多钱
228But there are certain CEOs who definitely earn their keep because their judgment is但有些CEO肯定能挣到钱 因为他们的判断是
229better.好多了,你还好吧?
230If you're steering a big ship, if you're steering Google or Apple, and your judgment如果你在驾驶一艘大船 如果你在驾驶Google或苹果 以及你的判断
231is 10 or 20% better than the next person's, society will literally pay you hundreds of比下一个人好10%或20% 社会会付你几百块
232billions of dollars more because you're steering a $100 billion ship.还要多数十亿美元 因为你正在驾驶一艘1000亿美元的船只
233If you're on course 10 or 20% of the time more often than the other person, the compounding如果你在课程 10%或20%的时间 比其他人更频繁, 复合
234results on that hundreds of billions of dollars you're managing will be so large that your你所经手的数千亿美元 将会变得如此之大
235CEO pay will be dwarfed in comparison.首席执行官的薪水将相形见绌。
236So demonstrated judgment, credibility around the judgment is so critical.所显示的判断, 围绕判断的可信度是如此关键。
237Warren Buffett wins here because he has massive credibility.沃伦·巴菲特在这里获胜,因为他具有巨大的可信度.
238He's been highly accountable.他一直高度负责。
239He's been right over and over in the public domain.他一直在公有领域反复
240He's built a reputation for very high integrity so you can trust him.他为高度正直创造了名声 让你相信他
241So a person like that, people will throw infinite leverage behind him because of his judgment.所以这样的人,人们会因为他的判断而将无限的筹码投在他身后.
242Nobody asks him how hard he works.没人问他有多努力
243Nobody asks him when he wakes up or when he goes to sleep.没人问他什么时候醒来 什么时候睡觉
244They're like, Warren, just do your thing.他们就像,沃伦,做你的事。
245So especially demonstrated judgment with high accountability, clear track record is critical.因此,特别是具有高度问责制的判断力,明确的记录至关重要。
246Let's define judgment.让我们定义判断。
247I would define it as knowing the long-term effects of your decisions or being able to我会把它定义为 知道你的决定的长期影响 或者能够
248predict the long-term effects of your decisions.预测你的决定的长期影响。
249It's funny.这很有趣。
250My definition of wisdom is knowing the long-term consequences of your actions.我对智慧的定义是知道你的行动的长期后果.
251So they're not all that different.所以,他们不是所有不同的。
252Wisdom is just judgment on a personal domain.智慧只是对个人领域的判断.
253Wisdom applied to external problems I think is judgment.智慧适用于外部问题 我认为是判断。
254So they're highly linked.所以它们高度相连。
255But yes, it's knowing the long-term consequences of your actions and then making kind of the但是,是的,它知道 你的行动的长期后果 然后做那种
256right decision to capitalize on that.正确的决定 利用这一点。
257Judgment is very hard to build up.判决很难建立起来。
258This is where both intellect and experience come in play.智慧和经验都在这里发挥作用。
259There are many problems with the so-called intellectuals in the ivory tower, but one象牙塔里 所谓的知识分子有很多问题 但有一个
260of the reasons why Nassim Taleb rails against them is because they have no skin in the game.纳西姆·塔莱布对他们不利的原因 在于他们在比赛中没有皮肤
261They have no real-world experience, right?他们没有真实的经验,对不对?
262So they just apply purely intellect.所以他们只是运用纯粹的智慧。
263And intellect without any experience is often worse than useless because you get the confidence没有经验的智慧往往比无用更糟糕 因为你得到自信
264that the intellect gives you and you get some of the credibility.智慧给你,你得到一些可信度。
265But because you had no skin in the game and you had no real experience and no real accountability,但是,因为你没有皮肤 在游戏中,你没有真正的经验 和真正的问责,
266you're just throwing darts.你只是扔飞镖。
267The real world is always far, far more complex than we can intellectualize.现实世界总是很遥远, 远比我们智能化还要复杂。
268And especially all the interesting fast-moving edge domains and problems,特别是所有有趣的快速移动的边缘域和问题,
269you can't get there without experience.没有经验你无法到达那里
270So if you are smart and you iterate fast, it's not even you put 10,000 hours into something,所以,如果你很聪明,而且速度很快, 它甚至没有你把一万小时的东西,
271but you take 10,000 tries at something.但你要花一万去尝试一些东西。
272If you are smart and you have a lot of quick iterations and you try to keep your emotions如果你聪明,你有很多快速的迭代 你试图保持你的情绪
273out of it, the people with the best judgment are actually among the least emotional.从中,最有判断力的人 实际上是情绪最低的。
274A lot of the best investors are considered almost robotic in that regard, but I wouldn't许多最好的投资者 被认为是几乎机器人在这方面, 但我不会
275be surprised if even the best entrepreneurs often come across as unemotional.如果即使是最优秀的企业家 也常常会觉得情绪不稳,那会很惊讶
276There is this archetype of the passionate entrepreneur, and yeah, they have to care有这种典型的热情企业家, 他们必须关心
277about what they're doing, but they also have to see very clearly what's actually happening.但是他们也必须非常清楚 到底发生了什么
278And the thing that prevents you from seeing what's actually happening are your emotions.阻止你看到实际发生的事情的是你的情绪。
279Our emotions are constantly clouding our judgment.我们的情绪不断影响我们的判断。
280And investing or in running companies or in building products or being an entrepreneur,投资或经营公司 或建筑产品 或作为一个企业家,
281emotions really get in the way.情绪真的妨碍。
282Emotions are what prevent you from seeing what's actually happening until you can no情感是阻止你看到 现实发生,直到你无法
283{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}直到它变得太突然 然后你就成了
284forced into suffering, which is a breaking of this emotional fantasy that you had put together.被迫受苦,这是破解 这种情感幻想,你已经汇集在一起。
285To try and connect some of these concepts, I would say that first you're accountable为了尝试把其中一些概念联系起来,我想说,首先你有责任
286for your judgment.为了你的判断
287Judgment is the exercise of wisdom.判决是行使智慧。
288Wisdom comes from experience, and that experience can be accelerated through short iterations.智慧来自经验,这种经验可以通过短时间迭代来加速.
289And the reason why a lot of the top investors, a lot of the value investors, if you read还有为什么很多顶级投资者 很多价值投资者 如果你读到
290Jeremy Grantham 或者你读过Warren Buffett 你读过Michael Burry 这些人
291sound like philosophers, or they are philosophers, or they're reading a lot of history books or听起来像哲学家,或他们是哲学家, 或他们阅读了很多历史书籍或
292science books.科学书籍.
293What are they doing?他们在干什么?
294Shouldn't they be reading investment books?他们不该看投资书吗?
295No.没有
296Investment books are the worst place to learn about investment because investment投资书是最难了解投资的地方 因为投资
297is a real world activity that is highly multivariate.是一种真实的世界活动,具有高度的多变性。
298All the advantages are always being competed所有优势总是在竞争
299away.离开。
300It's always on the cutting edge.常在尖端处.
301So what you actually just need is very, very broad所以,你实际上只是需要 非常,非常广泛
302based judgment and thinking.基于判断和思考。
303And the best way to do that is to study everything, including最好的办法是研究一切,包括
304a lot of philosophy.很多哲学
305And philosophy also makes you more stoic, makes you less emotional.哲学也让你更沉闷, 让你更情绪化。
306And so you make better decisions.所以你做出更好的决定
307You have better judgment.你有更好的判断力。
308One simple thing is I see I go out on Twitter and it seems like half of Twitter is outraged一个简单的事情是,我看到 我出去在推特上, 它似乎一半的推特是愤怒的。
309at something at all times.在任何时刻。
310You can go within someone's Twitter feed and get at least some你可以进入别人的推特 并至少得到一些
311semblance of what it must be like to be in their head all the time.他们脑子里总是有这种感觉
312And the more outraged somebody一个人越生气
313is, I guarantee you, the worse their judgment is.我向你保证 他们的判断越差
314If someone's constantly tweeting political outrage如果有人不断在推特上发表政治愤慨
315and seems like an angry person getting into fights, you don't want to hand this person和似乎一个愤怒的人 进入战斗, 你不想交出这个人
316the keys to your car, let alone the keys to your company.你的车钥匙 更别说你的公司钥匙了
317So we covered the skills that you need to get rich.因此,我们涵盖了你需要的 获得财富的技能。
318That was specific knowledge,这是具体的知识,
319accountability, leverage, judgment, and lifelong learning.问责制、影响力、判断力和终生学习。
320Let's talk a little bit about我们谈谈
321the importance of working hard and valuing your time.努力工作并珍惜时间的重要性。
322So no one is going to value you more than you value yourself.所以没人比你更重视你
323So you just have to set a very所以你只需要设置一个非常
324personal hourly rate and you have to stick to it.个人小时工资,你必须坚持。
325So even since when I was young,所以即使我年轻的时候
326I just decided that I was worth a lot more than the market thought I was worth,我刚刚决定,我的价值 比市场认为我的价值,
327but I started treating myself that way.但我开始这样对待自己
328So always factor your time into every decision.所以每次决定都要考虑你的时间
329How much time does it take?需要多少时间?
330Oh, it's going to take me an hour to get across town to get this thing.哦,这需要我一个小时 穿过镇子得到这个东西。
331Well, I value myself at $100 an hour.我值每小时100美元
332That's throwing $100 out of my pocket.那是从我口袋里扔出100美元。
333Am I going to我会去
334do that?这样做?
335You buy something from Amazon, they screwed it up.你从亚马逊买东西 他们搞砸了
336You have to return it.得还.
337Is it是吗?
338your time to return it?你该回去了吗?
339Is it worth the mental hassle?值得精神上的烦恼吗?
340Keep in mind that you have less work hours,记住你工作时间少
341you have less mentally high output hours.您的输出时数较少。
342Do you want to use them to run errands and solve你想用它们来跑腿和解决吗?
343little problems or do you want to save them for the big stuff?问题小,还是你想把它们保存起来?
344All the great scientists were所有伟大的科学家
345terrible at managing their household life.很难管理他们的家庭生活。
346None of them had a clean organized room or, you know,他们没有一个干净有条理的房间 或者,你知道,
347made all their social events on time or sent their thank you cards.他们的社交活动都按时进行 或者寄出感谢卡
348You can spend your life你可以过一辈子
349however you want, but if you want to get rich, it has to be your number one overwhelming desire,不管你想怎样,但如果你想发财, 它必须是你的首要欲望,
350which means that it has to come before anything else, which means you can't be penny pinching.这意味着它必须先于其他东西, 这意味着你不能被一分钱捏。
351This is what people don't understand.这是人们不明白的。
352You can penny pinch your way to a basic sustenance.你可以吃点吃的
353You你们
354can keep your expenses low, maybe retire early and not spend too much.可以保持低开支, 也许提前退休, 并且不会花费太多。
355And that's perfectly这是完美的
356valid.无效。
357But we're here to talk about wealth creation.但我们是来谈财富创造的
358And if you're going to do that,如果你要这样做,
359then that has to be your number one overwhelming priority.那一定是你的首要任务
360So fast forward to your wealthy self这么快的走向你富有的自我
361and pick some intermediate hourly rate.并选择一些中间小时费率。
362For me, believe it or not, back when you could have hired对我来说,信不信由你,当你可以雇佣
363me, which now obviously you can't, but back when you could have hired me, and this was true a decade我,现在你显然不能, 但回来的时候,你本可以雇用我, 这是真实的十年
364ago or even two decades ago before I had any real money, my hourly rate, I used to say to myself20年前,甚至20年前,我还有真正的钱,我的小时工资,我常对自己说
365over and over is $5,000 an hour.超过每小时5000美元
366Today, when I look back, really it was about a thousand dollars an今天,当我回头看, 真的是大约一千美元一个
367hour.一小时
368And of course I still ended up doing stupid things like arguing with the electrician or当然,我还是做傻事,比如跟电工争吵
369returning the broken speaker, but I shouldn't have.把那断掉的扬声器还给我 但我不该这么做的
370And I did a lot less than any of my friends would.我比我的朋友都少得多
371And I would make a theatrical show out of throwing something in the trash pile or giving it to我会做一个戏剧表演 扔的东西在垃圾堆 或者把它给
372an army rather than trying to return it or handing something to people rather than trying to fix it.而不是试图把它还给别人 而不是试图修复它。
373I would argue with my girlfriends and even today to my wife, like I don't do that.我会跟我的女朋友们争论,甚至今天 和我太太争论,就像我不这样做。
374That's not a这不是一个
375problem that I solve.问题,我解决。
376I still argue that with my mother when she hands me like little to do's,我仍然在和我的母亲争论 当她把我像少做一样,
377I just don't do that.我只是不这样做。
378I would rather hire you an assistant.我宁愿雇个助手给你
379And this was true even when I didn't即便我没有
380have money.有钱
381Another way of thinking about something is that if you can outsource something or not do另一种思考方式是 如果你可以外包某件事或不做
382something for less than your hourly rate, outsource it or don't do it.少付你小时工资 外包还是不做
383So if you can hire someone to所以如果你能雇个人
384do it for less than your hourly rate, hire them.照你每小时的费率办事 雇他们
385That even includes things like cooking.甚至包括烹饪之类的东西
386Now you现在你
387may want to eat your healthy home cooked meals, but if you can outsource it, do that instead.可能想吃你健康家做的饭, 但是如果你可以外包它,代之以。
388And I know some people will say, well, what about the joy of life and what about getting it right我知道有些人会说 人生的欢乐如何 以及如何正确
389just your way?只是你的方式吗?
390Sure, you can do that, but you're not going to be wealthy because now you've made当然,你可以做到这一点, 但你不会是富有, 因为现在你已经做了
391something else a priority.还有其他的要紧事
392Paul Graham said it pretty well for Y Combinator startups.保罗·格雷厄姆(Paul Graham)对Y联合企业的创始人说得很好.
393He said,他说,
394you should be working on your product and getting product market fit and you should be exercising你应该在你的产品上工作, 使产品市场适合,你应该锻炼
395and eating healthy.和健康的饮食。
396Like that's about it.喜欢它。
397That's kind of all you have time for while you're on this这就是你在这期间的全部时间
398mission.任务。
399So set a very high hourly aspirational rate for yourself and stick to it.所以为自己设定一个非常高的小时愿望率并坚持下去.
400And it should它应该
401seem and feel absurdly high.似乎和感觉 荒谬的高。
402If it doesn't, it's not high enough.若不高则不高.
403And whatever you picked,不管你选什么
404my advice to you would be raise it.我对你的忠告是会提高它。
405Like I said, for myself, even before I had money for the longest就像我说的,为了我自己, 甚至在我有钱买最长的
406time, I used $5,000 an hour.时间,我用$5000每小时。
407And if you extrapolate that out into what it looks like as an annual如果你推断出它 看起来像一个年度
408salary, it's multiple millions of dollars per year.薪水,每年是数百万美元。
409Ironically, I actually think I've beaten it.讽刺的是,我确实认为我已经打败了它。
410When I look back, because I'm not the hardest working person, I'm actually kind of a lazy person.回头看,因为我不是最难的工人, 其实我是一个懒惰的人。
411So I work through bursts of energy where I'm really motivated with some things.所以我用能量来工作, 在那里我真的很有动力。
412If I actually如果我真的这样
413look at how much I've earned per actual hour that I've put in, it's probably quite a bit higher than你看,我每个实际小时挣多少钱, 我投入,它可能比
414that.那个
415Let's talk about hard work.说苦行.
416There's this battle that happens on Twitter a lot between在推特上经常发生这场战斗
417should you work harder and should you not.你应该努力工作,而你不应该。
418Like David Hauser is on there saying,就像大卫·豪泽尔在说
419it's like you're slave driving people.就像你是奴隶 驱使人们。
420And Keith Raboi is always on there saying like, no,而基思・拉布总是在那里说,不,
421all the great founders work their fingers to the bone.所有伟大的创始人都把手指伸到骨头上
422And they're talking past each other.和他们谈话过对方。
423First of all, they're talking about two different things.首先,他们谈论两个不同的事物。
424David is talking about employees in a大卫在谈论员工
425thing in life if you're doing that is not getting wealthy.人生中的事情 如果你这样做 并不富裕。
426You have a job, you also have your family,你有工作,你还有家人
427you also have your life.你还有你的生活。
428But Keith is talking about the Olympics of startups.但是基思在谈论创业者的奥运会.
429He's talking他在说话
430about the person going for the gold medal and trying to build a multi-billion dollar public想要赢得金牌 并试图建立一个数十亿美元的公众
431company.连队。
432That person has to get everything right.那个人必须把一切都做好
433They have to have great judgment.他们必须有伟大的判断。
434They have to他们必须
435pick the right thing to work on.选择正确的工作。
436They have to recruit the right team and they have to work crazy他们必须招到合适的队伍 他们必须疯狂工作
437hard because they're basically engaged in a competitive sprint.因为他们基本上在参加一场竞技短跑
438So if getting wealthy is所以如果有钱了
439your goal, you are going to have to work as hard as you can.你的目标,你必须努力工作
440But hard work is absolutely no substitute但辛勤工作绝对不能替代
441for who you work with and what you work on.为了你和谁合作 以及你的工作
442What you work on is probably the most important thing.你的工作也许是最重要的
443Finding product market founder fit to expand on Mark Andresen's definition.寻找产品市场创始人适合扩展马克·安德森的定义.
444He came up with他想出来的
445product market fit, but I would add product market founder fit, which is how well you are产品市场合适,但我还要加上产品市场创始人合适,这就是你有多好
446personally suited to that business.个人适合这个行业。
447The combination of that three, that should be your overwhelming三个组合,那应该是你的压倒性
448goal.目标。
449And you can save yourself a lot of time if you pick the right area to work in.如果你选择合适的工作区域,你可以节省很多时间。
450Picking the选择
451right people to work with is the next most important piece.合适的人一起工作 是下一个最重要的作品。
452And then third comes how hard第三个又会有多难
453you work, but they're like three legs of a stool.你工作,但他们就像三条腿的凳子。
454If you shortchange in any one of them, the whole如果其中任何一个都少了 整个
455stool is going to fall down.凳子要掉下来了
456So it's not like you can pick one over the other that easily.所以,它不是像你可以选择 一个比另一个容易。
457So the order of operations when you're building a business is, or even building your career,所以,当你建立企业, 甚至建立你的事业,
458is first figure out what should I be doing?先想想我该做什么?
459What is something where there is a market that is哪里有市场
460emerging, there's a product that I can build that I'm excited to work on, and something where I have正在出现,有一个产品我可以制造, 我兴奋地工作, 和我拥有的东西
461specific knowledge and I'm really into it.具体的知识,我很喜欢
462And then second, surround yourself with the best people第二,你身边有最好的人
463possible.也许吧
464And no matter how high your bar is, raise your bar, because you can never be working无论你的酒吧有多高,举起你的酒吧 因为你永远不能工作
465with other people who are great enough.与其他人 谁伟大的。
466If there's someone greater out there to work with, you should如果有更伟大的人在那里工作, 你应该
467go work with them.和他们一起工作。
468I advise a lot of people who are looking at which start to join in Silicon Valley我建议很多人开始加入硅谷
469as they basically pick the one that's going to have the best alumni network for you in the future.因为他们基本上选一个 将来会有最好的校友网络
470Look at the PayPal mafia.看看那个黑手党
471They work with a bunch of geniuses, so they all got rich.他们和一群天才一起工作 所以他们都发财了
472So just try and pick based on the highest intelligence, energy and integrity people所以根据最高智商 能量和正直的人来挑选
473that you can find.你能找到的,你已经找到了
474And then finally, once you've picked the right thing to work on and the right最后,一旦你选择了合适的工作 和正确的
475people to work with, then you work as hard as you can.和人们一起工作,然后你尽可能努力工作。
476This is where the mythology gets a little这是神话中有点
477crazy.疯了。
478People work 80, 120 hour weeks.人们工作80,120小时周。
479A lot of that's just status signaling.很多只是状态信号。
480It's showing off.示众曰.
481Nobody really works 80 to 120 hours a week sustained at high output with mental clarity.没有人真的工作80到120小时 每周的高产量 保持精神清晰。
482Your brain breaks down, you just won't have good ideas.你的大脑崩溃了,你就是没有好点子
483So really the way people tend to work most所以,真正的方式 人们倾向于工作最
484effectively, especially in knowledge work is they sprint as hard as they can while they're working有效,尤其是在知识工作上 他们工作时尽量冲刺
485on something and they're inspired and they're passionate and then they rest to take long breaks.和他们的灵感 和热情,然后休息 长时间休息。
486It's more like a lion hunting and much less like a marathon runner running.更像是猎狮 更不像跑马拉松的跑者
487So you sprint, then you所以,你冲刺,然后你
488rest, you reassess and then you try again.休息,你重新评估 然后再试一次。
489And what you end up doing is you end up building a你最后要做的是 你最终会建立一个
490marathon of sprints.马拉松冲刺。
491Nivy just made the point to me on the side that inspiration is perishable,Nivy刚刚告诉我 灵感是易腐烂的
492which is a very good point.这是一个很好的观点。
493When you have your inspiration, do it right then and there.当你得到你的灵感时, 做它的时间和那里。
494This这个
495happens to me a lot with my tweet storms.我的推特暴风雨时,
496I've actually come up with a whole bunch of additional我实际上想出了一大堆额外的
497tweet storms besides the ones that are already out there, but sometimes I just hesitate or I just除了那些已经存在的暴风雨之外 有时我犹豫不决
498pause and then it just dies.暂停,然后它就死了。
499And what I've learned is if I'm inspired to write a blog post or to我所学到的就是 如果我被启发写博客文章或者
500publish a tweet storm, I should probably do it right away.发布推特暴风雨,我也许应该马上做.
501Otherwise it's not going to get out否则它就出不去了
502there.这里
503I won't come back to it.我不会回来的
504So inspiration is a beautiful and powerful thing.因此灵感是一件美丽而强大的事情.
505And when you have当你有
506it, just seize it.抓住它 抓住它 抓住它
507So people talk about impatience.故人谈无厌.
508When do you know to be impatient?你什么时候知道不耐烦?
509When do you know你什么时候知道
510to be patient?要耐心吗?
511My glib tweet on this was impatience with actions and patience with the results.我对此事的glib推文,
512And I还有我
513think that's actually a good philosophy for life.认为这实际上是一个良好的哲学生活。
514Anything you have to do, just get it done.无论你做什么,只要把它完成。
515Why为什么
516wait?单单
517You're not getting any younger.你不会再年轻了
518Your life is slipping away.你的生活正在消逝。
519You don't want to spend it waiting你不想花在等待的时候
520in line.排队
521You don't want to spend it traveling back and forth.你不想花它 往返旅行。
522You don't want to spend it doing你不想花它来做
523things that you know ultimately aren't part of your mission.你知道的事情 最终不是你的任务的一部分。
524And when you do them, you want to当你这样做,你想
525do them as quickly as you can while you do them well with your full attention.尽你所能尽快完成,同时全心全意地完成
526But then you just不过你只是
527have to give up on the results.必须放弃结果。
528You have to be patient with the results because you're dealing你要对结果有耐心 因为你在交易
529with complex systems.有复杂的系统。
530You're dealing with lots of people.你在对付很多人
531It takes a long time for markets to adopt市场需要很长的时间
532products.产品。
533It takes time for people to get comfortable working with each other.人们需要时间来适应彼此的工作。
534It takes time for great这需要时间 伟大的
535products to emerge as you polish away, polish away, polish away.当你抛光时 产品就会出现 抛光 抛光
536So impatience with actions,如此不耐烦的行动,
537patience with results.对结果有耐心
538And as Nibby said, inspiration is perishable.正如尼比所说 灵感是易腐烂的
539So when you have所以,当你有
540inspiration, act on it right then and there.灵感,就在这里
541If I have a problem that I discover in one of my如果我有一个问题,我发现在我的之一
542businesses that needs to be solved, I won't sleep until at least the resolution is in motion.需要解决的企业,我不会睡觉 至少直到决议启动。
543And还有
544this is just a personal feeling.这只是个人的感觉。
545But if I'm on the board of a company, I'll call the CEO.但如果我在一家公司的董事会 我会打电话给CEO
546If I'm狦и琌
547running the company, I'll call my reports.我会打电话给我的报告。
548If I'm responsible, I'll get on there right then and there如果我有责任,我马上去
549and solve it.并解决它。
550If I don't solve a problem, the moment it happens or I don't start moving towards如果我不解决一个问题, 那一刻它发生或我不开始走向
551solving the moment it happens, I have no peace.解决它发生的那一刻, 我没有和平。
552I have no rest.我没有休息。
553I have no happiness until that在那之前我没有快乐
554problem is solved.问题解决了。
555So solve it as quickly as possible.所以尽快解决
556I literally won't sleep until it's我真的不会睡觉,直到它
557solved.解决了。
558Maybe that's a personal characteristic, but it's worked out well in business.也许这是个人的特质,但是在商业上效果很好.
559We squander我们挥霍
560our time with a death of a thousand cuts.我们的时代 千刀万刀
561So another tweet I had was, you should be too busy所以,我的另一个推文是, 你应该太忙
562to do coffee while still keeping an uncluttered calendar.一边做咖啡,一边保持一个没有麻烦的日历。
563People who know me know that I'm famous认识我的人知道我很出名
564for simultaneously doing two things.同时做两件事
565One is having a very clean calendar.一个是日历很干净
566I have almost no meetings我几乎没开会
567on it.交给我
568And there are people that I meet with when they see my calendar, they almost weep.有些人看到我的日历时,我遇见他们, 他们几乎哭了。
569Well,那个
570at the same time, I am busy all the time.与此同时,我总是很忙。
571I'm always doing something.我总是做一些事情。
572And it's usually通常是这样的
573quote unquote work related.引用未引用的相关工作 。
574But it is whatever the highest impact thing is that needs to be done但无论什么影响最大 都需要去做
575at that time and that I'm most interested and inspired about.那时我很感兴趣 也很受启发
576But the only way to do that但唯一的办法
577is to constantly ruthlessly decline meetings.总是无情地拒绝开会
578People want to do coffee and build relationships.人们想做咖啡和建立关系。
579And that's fine early in your career when you're still exploring, but later in your career when这在职业生涯的早期是好的 当你还在探索, 但在你的职业生涯的后期
580there are more things coming at you than you have time for, you have to ruthlessly cut meetings out你遇到的事情比时间还多 你不得不无情地切断会议
581of your life.你一生的记忆
582If someone wants to do a meeting, see if you can do it with a phone call instead.如果有人想开个会 看看能不能用电话打个电话
583If they want to do a phone call, see if they can do it with an email instead.如果他们想打个电话 看看能不能用电子邮件
584If they want to do如果他们愿意的话
585an email, see if they can do a text message instead.电子邮件,请查看他们是否可以做一个短信。
586If they're text messaging, you should如果他们是短信,你应该
587probably be ignoring most text messages unless they're true emergencies.可能忽略了大多数短信 除非它们是真正的紧急情况
588So one has to be utterly所以必须彻底
589ruthless about dodging meetings.无情地躲开会议。
590When you do do meetings, do walking meetings, do standing当你开会、散步、站立
591meetings, keep them short, keep them actionable, keep them small.开会、短时间、可以行动、小时间
592Any meeting with eight people跟八个人见面
593and it's sitting on a conference table, nothing is getting done in that meeting.它坐在一个会议桌边, 在那次会议里没有任何进展。
594You're literally你其实是
595just dying one hour at a time.只是一个小时就死了
596Doing coffee reminds me of an old quote I think from Steve喝咖啡让我想起史提夫的一句老话
597Jobs when they asked him, hey, why doesn't Apple come to conventions or why don't you come to my工作,当他们问他,嘿, 为什么苹果不来 公约,或者你为什么不来我
598convention?公约?
599And his response was, well, then because we wouldn't be here working.他的反应是 因为我们不会在这里工作
600Yeah,对
601I used to have a tough time turning people down for meetings, but now I just tell them outright.我以前很难拒绝别人开会 但现在我直接告诉他们
602I just say, look, I don't do non-transactional meetings.我只是说,你看, 我不做非交易会议。
603I don't do meetings without a strict没有严格规定,我不开会
604agenda.议程。
605I don't do meetings unless we absolutely have to.除非我们一定要开会 否则我不会开会的
606Nibvi used to do this.尼卜维曾作此.
607He would email他会发电子邮件
608people when they would ask Nibvi and I for a meeting, like coffee meeting, get to know you.人们会问尼布维和我见面 像咖啡会议一样 了解你
609He would say, we don't do meetings unless it's life and death urgent.他会说 除非生死攸关 否则我们不开会
610And then that person然后那个人
611has to respond, yeah, it's life and death urgent or there's no meeting.一定要回应,是的,这是生死 紧急或没有会议。
612When you have something当你有东西
613important or something valuable, other busy, interesting people will meet with you.重要或有价值的, 其他忙碌,有趣的人 会与你见面。
614Your你们
615calling card has to be, hey, here's what I've done.电话卡必须是,嘿,这是我所做的。
616Here's what I can show you.这是我能给你看的
617Let's meet and I'll让我们见面,我会
618be respectful of your time if this is useful to you.尊重你的时间 如果这对你有用的话
619And I find that there are very busy,我发现这里很忙
620important people who will take your meeting, but you have to come with a proper calling card.重要的人谁会参加你的会议, 但你必须来 一个适当的呼叫卡。
621All the people who tweet and who email famous or rich people saying, hey, if I could just get one所有发微博和发电子邮件的人 名人或富人说,嘿,如果我能得到一个
622and they're vague about it, they're not going to get anywhere in life.他们对此很模糊, 他们不会得到任何生活。
623You have to build up你必须振作起来
624the credibility.信誉。
625When, for example, an investor in the tech business and the venture business例如,技术企业和风险企业的投资者
626looks at a startup, the first thing they want to see is they want to see some evidence of product看一个开始,他们想看到的第一件事是 他们想看到一些产品的证据
627progress.进展。
628They don't just want to even see a slide deck.他们不想看到滑板
629They want to see product progress他们想看看产品的进展
630because the product progress is the resume for the entrepreneur.因为产品的进步是企业家的简历。
631It is the unshakable,这是不可动摇的,
632unfakable resume.不可伪造的简历 。
633So you have to do the work.所以,你必须做的工作。
634To use a crypto analogy, you have to have proof of要用密码类比, 你必须有证据证明
635work.工作时
636If you have proof of work and you truly have something interesting, then you shouldn't hesitate如果你有工作证明 而且你确实有有趣的东西 那你就不应该犹豫
637to put it together in an email and send it to somebody.把它放在邮件里 发给别人
638But even then, when you're asking for但即使如此,当你要求
639a meeting, you want to be super actionable about it.开个会,你就想对它采取行动
640But I would say even the other side, even if但我会说,甚至另一边, 即使
641you yourself haven't made it yet, if you think you're going to make it by going out and networking你还没来得及 如果你觉得自己能通过出门和联网
642and doing a whole bunch of meetings, you're probably incorrect.和做一大堆会议, 你可能不正确。
643Yes, networking can be important是的,联网可能很重要
644early in your career.在你的职业生涯早期。
645是的,你可以得到serventiptions, 但概率是
646pretty low.相当低。
647And as we spent time talking about earlier, when you are just meeting people and当我们花时间谈论 早些时候, 当你只是遇到人们,
648hoping to get that lucky break, you're relying on type one luck, which is blind luck and type希望有幸运的突破, 你依赖第一种运气, 这是盲目的运气和类型
649two luck, which is hustle luck.两个运气,这就是运利。
650But what you're not getting is type three or type four luck,但你没有得到的是3型或4型运气,
651which are the better kinds where you spend time developing a reputation, working on something,这些是更好的种类 在那里,你花时间 发展声誉, 工作的东西,
652developing a unique point of view and being able to spot opportunities that others can't.发展出独特的观点,并能够发现其他人无法抓住的机会。
653A busy calendar and a busy mind will destroy your ability to do great things in this world.繁忙的日历和繁忙的头脑会破坏你在这个世界上做大事的能力.
654If you want to be able to do great things, whether you're a musician or whether you are a如果你想做伟大的事情, 无论你是一个音乐家还是你是一个
655entrepreneur or whether you're an investor, you need free time and you need a free mind.企业家或者你是否是投资人,你需要自由时间,你需要自由的头脑.
656We just finished talking about the importance of working hard and valuing your time.我们刚刚谈完努力工作 重视你的时间的重要性
657Next,下一个
658there's a few tweets on the topic of working for the long term.有几条微博提到长期工作的主题。
659The first tweet is,第一个推特是,
660become the best in the world at what you do.成为世界上最好的 你做什么。
661Keep redefining what you do until this is true.继续重新定义你的行为 直到这是真的
662If you really want to get paid in this world, you want to be number one at whatever it is that如果你真的想在这个世界上得到报酬, 你想成为第一 无论是什么
663you're doing.你这样做。
664And it can be niche.并且它可以是合适的。
665That's the point.这就是重点。
666It can literally be you're getting paid可能你得到报酬了
667for just being you.因为只是当你。
668You know, at this point, some of the more successful people in the world are此时此刻,世界上一些比较成功的人
669that way.那边
670Oprah gets paid for being Oprah.奥普拉因为是奥普拉而得到报酬.
671Joe Rogan gets paid for being Joe Rogan.乔·罗根因为是乔·罗根而获得报酬.
672And they're他们是
673being authentic to themselves.对自己来说是真实的
674So what this tweet is trying to say simultaneously is that you want所以这个微博试图同时说,你想要
675to be number one, but you're going to keep changing what you do until you're number one.但你要不断改变你的行为 直到你成为第一
676You can't just pick something arbitrary.你不能随便挑些武断的东西
677You can't say, I'm going to be the fastest runner你不能说,我会成为最快的跑者
678in the world.在这个世界。
679And now you got to beat the same bolt.现在你必须击败同样的螺栓。
680That's too hard of a problem.这太难解决了
681But what you不过你
682can do is you can keep changing what your objective is until it arrives to your specific你可以继续改变你的目标 直到它达到你的具体目标
683knowledge, your skill sets, your position, your capabilities, your location, your interests,知识 技能 位置 能力 位置 兴趣
684and then converges to making you number one.然后凝聚成你的第一。
685So when you're searching for what to do,所以当你在寻找 做什么,
686you actually have two different foci that you have to keep in mind at all points.你实际上有两个不同的轴心 你必须记住在所有点。
687And one of those is I want to be the best at what I do.其中一个是我想成为我最擅长的
688And the second is what I do is flexible so第二,我的工作很灵活
689that I am the best at it until you arrive at a comfortable place where you're like, yes,我是最好的,直到你到达一个舒适的地方 你喜欢,是的,
690this is something I can be amazing at while still being authentic to who I am.这是我可以令人惊叹的事物 同时仍然是真实的我是谁。
691And this is not going这是不可能的
692to be an overnight discovery.成为一夜之间的发现
693It's going to be a long journey, but at least you know how to think这将是一个漫长的旅程, 但至少你知道如何思考
694about it.关于它。
695The most important thing for a company is to find product market fit.对于一个公司来说,最重要的事情是发现产品市场适合.
696I would say the我会说
697most important thing for an entrepreneur is to find founder product market fit where you are创业者最重要的事情是 发现创始人的产品市场适合你的位置
698naturally inclined to build the right product, which has a market.自然倾向于建立正确的产品,它有一个市场。
699And that's the three focus这就是三个重点
700problem, which is you got to make all three of those work at once.问题,这就是你必须让 这三个工作同时。
701If you want to be successful如果你想成功的话
702in life, you just have to get comfortable managing multivariate problems, multiple objective在生活中,你只需要得到舒适 管理多变的问题,多目标
703functions at once.函数。
704And this is one of those cases where you have to map at least two or three at这是其中之一,你必须绘制至少两到三个
705once.曾经
706This reminds me of your tweet about escaping competition through authenticity.这让我想起了你的推特 关于逃避竞争的真实性。
707It sounds like听起来像
708part of this is a search for who you are.一部分是寻找你是谁
709It's both a search and a recognition, because sometimes这既是搜索也是识别 因为有时候
710when we search our egos, we want to be something that we aren't.当我们搜索我们的自我, 我们想成为的东西,我们不是。
711And our friends and family are我们的朋友和家人
712better at telling us actually who we are, or looking back at what we've done is a better最好告诉我们我们是谁 或者回顾一下我们做了什么
713indicator of who we are.我们是谁的指标。
714Peter Thiel talks a lot about how competition is besides the point,彼得,别这样 蒂尔谈了很多关于竞争的问题
715it's counterproductive.适得其反.
716We're highly mimetic creatures.我们是高度模仿的生物。
717We copy what everybody else is doing我们复制大家正在做的
718around us.我们周围。
719We copy our desires from them.我们从他们那里复制我们的欲望。
720Everyone around me is a great artist.我身边的每个人都是伟大的艺术家
721I want to be an我想成为一个
722artist.艺术家。
723If everyone around me is a great business person, I want to be a business person.如果我身边的每个人都是好生意人 我想成为生意人
724Everybody每个人
725around me is a social activist.我身边是一个社会活动家。
726I want to be a social activist.我想成为一个社会活动家。
727That's where my self-esteem will那是我的自尊心会在那里
728come from.从何而来.
729You have to be a little careful when you get caught up in these status games that you你进入这些状态游戏的时候要小心
730end up competing over things that aren't worth competing over.最终为了不值得竞争的东西而竞争
731So Peter Thiel talks about how这么说彼得 蒂尔谈论如何
732he was going to be a law clerk because he was in law school, and everybody around him wanted to他本来要当书记官的 因为他在法学院 周围的人都想
733be a law clerk for a Supreme Court justice or some famous judge, and he got rejected.成为最高法院法官或一些著名法官的书记官,他遭到拒绝.
734And that's what这就是
735made him go into business.让他去做生意。
736So it helped him break out of a lesser game into a greater game.因此,这帮助他从一个较小的游戏中突破进入一个更大的游戏.
737So这么说
738sometimes you just get trapped in the wrong game because you're competing.有时候你只是被困在错误的游戏 因为你的竞争。
739And the best way to最好的办法
740escape competition, to get away from the specter of competition, which is not just stressful and逃避竞争, 远离竞争的幽灵, 这不仅仅是压力和
741nerve-racking, but will often drive you to just the wrong answer, the way to escape competition is神经紧张,但往往会 驱使你只是错误的答案, 逃避竞争的方法是
742just to be authentic to yourself.只是为了对自己真实
743If you are fundamentally building and marketing something如果你根本上是建筑和营销的东西
744that is just an extension of who you are, no one can compete with you on that.那只是你身份的延伸 没人能跟你竞争
745Who's going谁去
746to compete with Joe Rogan or Scott Adams?和乔·罗根或斯科特·亚当斯竞争?
747It's impossible.这是不可能的。
748Is somebody else going to come along别人会来吗?
749and write a better Dilbert?写一个更好的迪尔伯特?
750No.没有
751Is someone going to compete with Bill Watterson and create a better是不是有人要和比尔·沃特森竞争 创造更好的
752Calvin and Hobbes?卡尔文和霍布斯?
753No.没有
754They're being authentic.他们是真实的。
755This is easiest to see in art.这在艺术中是很容易看到的。
756Artists are,艺术家是,
757by definition, all naturally authentic.从定义上讲,都是自然真实的。
758But even entrepreneurs are authentic.但连企业家都是真的
759Who's going to be谁会是
760Elon Musk?伊隆・穆斯克?
761Who's going to be Jack Dorsey?谁是杰克多西?
762These people are authentic and the businesses and这些人是真实的 和企业,
763products they create are authentic to their desires and their means.他们创造的产品是真实的 他们的欲望和手段。
764If somebody else came如果有人来了
765along and started launching rockets, I don't think it would phase Elon one bit.并开始发射火箭, 我不认为它会 相位埃隆一点。
766He's still going to他还是会
767get to Mars because that's his mission.去火星 因为那是他的任务
768Insane as it seems, that's the one he set for himself看上去很疯狂,那是他为自己设定的
769and he's going to accomplish it.他会完成的
770So authenticity naturally gets you away from competition.所以真实性自然让你远离竞争.
771It这个
772doesn't mean that you necessarily want to be authentic to the point where there's no product也不代表你一定要真实到没有产品
773market fit.市场合适。
774It may turn out you're the best juggler on a unicycle but maybe there just isn't或许你是单车最好的杂耍家 但也许没有
775that much of a market for that even with YouTube videos.即使有YouTube的视频 也有很多市场
776So you've got to adjust that somehow所以你得调整一下
777until you find product market fit but at least lean towards authenticity towards getting away直到你发现产品市场是合适的 但至少要倾向于真实性
778from competition and competition automatically leads towards copycatting and often towards just从竞争和竞争中自动导致模仿,并往往导致正义
779playing completely the wrong game.完全玩错了游戏。
780Especially in entrepreneurship, the masses are never right.特别是创业,群众永远不对.
781If you see a lot of people tweeting about what a great market to enter is or you see journalists如果你看到很多人在推特上说 进入什么大市场 或者看到记者
782talking about a company is terrible, they don't know anything.谈论公司是可怕的, 他们什么都不知道。
783If the masses knew how to build如果大众知道如何建造
784great things and create great wealth, we'd all already be rich by now.伟大的事物和创造巨大的财富, 我们都已经富有了。
785So in a sense,所以从某种意义上说
786when you see a lot of competition, sometimes that indicates to you that the masses are already here当你看到很多竞争, 有时这向你们表明, 大众已经在这里
787so it's already competed over too much and there's nothing here or it's in the wrong trend to begin所以,它已经竞争过多, 这里什么都没有, 或者它处于错误的趋势开始
788with.带。
789On the other hand, if it's completely empty, if the whole market is empty and no one's there,另一方面,如果它是完全空的, 如果整个市场是空的,没有人在那里,
790that can also be a warning indicator that you've gone too authentic and not enough on the product这也可以作为警示指标 表明你对产品太过真实和不够
791market fit part of founder product market fit.市场适合创始产品市场的一部分。
792So there's a balance.故有平衡.
793You have to find it but你必须找到它,但
794generally most people will make the mistake of paying too much attention to the competition and一般来说,大多数人会犯一个错误 过于关注竞争
795being too much like the competition and not being authentic enough and the great founders tend to be和比赛太像 不够真实 伟大的创始人往往
796authentic iconoclasts.真正的标志。
797I hate to bring up the Scott Adams skill stack one more time but我不想再提起史考特·亚当斯的技艺了
798I'll still bring it up.我还会提起的
799Do you think one way of getting to authenticity is not necessarily adding你认为一种获得真实性的方法 不一定是添加
800some random skills that you think might be important but just really finding five or six一些随机技能,你认为可能很重要 但只是真正找到五或六
801various skills that you already authentically do and just stacking them on top of each other各种技能,你已经做了 并且只是堆叠在彼此之上
802and not even in any purposeful way.甚至没有任何目的
803If you are expressing who you are, you're going to be如果你在表达你是谁 你会是
804expressing all these little five or six different skills anyway.无论如何,表达这些小的五六种不同的技能。
805That's really where life is going生活就是那样的
806to lead you anyway.领导你反正。
807Long term, if you are good and successful at what you do, you will find长期来说,如果你是好人 和成功的工作,你会发现
808that whatever your hobbies were, you're almost doing them for a living.不管你的爱好是什么, 你几乎做他们的生活。
809As Robert Frost said,正如罗伯特·弗罗斯特所说,
810combine your vocation and your avocation, what you love to do and what you do do.结合你的事业和你的职业, 你爱做什么和做什么。
811So I think you'll所以我认为你会
812find yourself there anyway and you're right about the skill stack and that everyone's got multiple不管怎么样,找到你自己,你是对的 关于技能堆 而且每个人都有多重
813skills.技术。
814We aren't all one-dimensional creatures even though that's how we have to portray ourselves我们并不是所有一维的生物 尽管我们必须这样描绘自己
815in our online profiles to get employed.在我们的在线简介 以获得就业。
816You meet somebody and they say I'm a banker or I'm a bartender你遇到别人,他们说我是银行家,还是酒保
817or I'm a barber or what have you, all the B's.或者我是一个理发师 或者你有什么,所有的B's。
818But people are multivariate, they have a lot of但人多变,他们有很多
819skills.技术。
820One banker might be good at finance, another one might be good at sales, a third one一个银行家可能善于金融,另一个银行家可能善于销售,第三个银行家
821might be just good at macroeconomic trends and have a feel for the markets.可能只是擅长宏观经济趋势,对市场有感觉。
822Another one might be另一个可能是
823really good at picking individual stocks.非常擅长挑选个体股票。
824Another one might just be good at maintaining relationships另一个可能只是擅长保持关系
825rather than selling new relationships.而不是卖新的关系。
826So everyone's going to have their various niches and you're所以,每个人都会 拥有自己的各种优势 而你
827going to have multiple niches, not going to be just one.将拥有多个优势, 不只是一个。
828So over time, you will find as you go所以,随着时间的推移,你会发现,当你去
829through your career, both you will gravitate towards the things that you're good at, which在你的职业生涯中,你将 引领你擅长的东西,
830by definition are almost the things you enjoy doing, otherwise you wouldn't be good at them,顾名思义,你几乎就是喜欢做的事, 否则你不会擅长它们,
831you wouldn't have put in the time.你也不会花时间的
832And other people will push you towards the things that其他人会把你推向那些东西
833you're good at because your smart bosses and your smart co-workers and your smart investors你擅长因为你的聪明老板 你的聪明同事和聪明的投资者
834will realize, okay, you're really world-class in this thing, you recruit somebody else for that你会意识到,好吧, 你真的是世界一流 这件事情,你招募别人为此
835other thing.还有一件事
836So ideally you want to end up specializing in being you.所以理想的是你最终想成为你
837I think when you're我想当你
838being authentic, you don't really mind competition that much.当真,你不会介意竞争的
839Yeah, it pisses you off and it inspires是啊,它惹你生气 并激励
840some fear and jealousy and all the other emotions that come along with it.恐惧和嫉妒 还有随之而来的情绪
841But also you don't really不过你也不是真的
842mind because you're more oriented towards the goal and the mission.因为你更倾向于目标 和任务。
843And worst case, you get some最坏的情况,你得到一些
844ideas from them and there's often ways to work with the competition in a positive way.从他们的想法, 往往有方法 与竞争以积极的方式工作。
845And it还有
846ends up increasing the size of the market for you.最终增加你的市场规模。
847Yeah, sometimes it depends on the nature of the是啊,有时候它取决于 的性质
848business.业务。
849Silicon Valley tech industry businesses tend to be winner take all, at least the good硅 谷科技工业企业往往能赢,至少能赢
850ones.这些
851And so when you see competition, it can make you fly into a rage because it really does所以,当你看到竞争, 它可以让你飞进愤怒,因为它真的
852endanger everything you've built.危及你建造的一切
853Whereas if I was opening a restaurant and a more interesting如果我开一家餐馆 更有趣
854version of the same restaurant opens up in a different town, that's fantastic.同一个餐厅的版本 在一个不同的城市打开, 这是美妙的。
855I'm just going我这就走
856to lift from them what's working and drop what I can see that they have already figured out is not从他们身上拔出工作的东西 掉下我看得出来他们已经知道的东西
857working.工作时
858So it does depend to some extent on the nature of the business.因此,它在某种程度上的确取决于企业的性质。
859That said, even the这么说,即使
860businesses that seem like that they are often direct competition really aren't.似乎经常是直接竞争的企业其实不是。
861They can end up他们可以结束
862adjacent or slightly different.相邻或略有不同。
863You're one step away from a completely different business.你离完全不同的生意还有一步
864And还有
865sometimes you need to take that one step and you're not going to be able to take it if you're busy有时候你需要迈出这一步 如果你很忙,你将无法承受
866fighting over a booby prize.争夺一个诱杀奖。
867Kind of you're playing a stupid game, you're going to win a stupid那种你玩一个愚蠢的游戏, 你会赢得一个愚蠢的
868prize.奖。
869It's not obvious right now because you're blinded by competition.现在不明显,因为你被竞争蒙蔽了眼睛.
870But three years from now但从现在起三年后
871it'll be obvious.很明显
872To give a simple example, when I was first starting companies, one of my first举个简单的例子,当我刚创办公司时, 我的第一个公司之一
873was called Opinions, which was an online product review site for all the products out there that名为“意见”,是所有产品在线审查网站
874was independent of Amazon.曾经独立于亚马逊。
875而那个空间最终变成了 TripAdvisor和Yelp,
876which is where we should have gone.这就是我们应该去的地方。
877We should have done more local reviews because there's more value我们本应该做更多的地方审查 因为有更大的价值
878to having a review of a scarce item like in a local restaurant that is of an item like a camera,像本地餐馆里一样的稀有物品 就像摄像机一样
879which was going to have a thousand reviews on Amazon.将会有一千篇关于亚马逊的评论
880But before we could get there, we got但是,在我们到达之前,我们得到了
881caught up in the whole comparison shopping game.卷入整个比较购物游戏.
882结果我们和DreamTime合并了
883与MySimon和Bizraid竞争,后者成为Shopsilla、PriceGrabber和Nextag和整个
884bunch of these price comparison engines.这些价格比较引擎
885And we're all caught in fierce competition with each other.我们都陷入激烈的竞争之中
886And that whole space went to zero because it turns out Amazon won e-tail completely.整个空间变成零 因为亚马逊完全赢得了电子尾巴
887So there was no所以没有
888need for price comparison.需要价格比较。
889Everyone just went to Amazon.大家都去了亚马逊
890But we got the booby prize because we were但我们得到了诱杀奖,因为我们是
891caught in a competition with a bunch of our peers, when really we should have been looking at what和一群同龄人竞争的时候 我们真的应该看看
892the consumer really wanted and being authentic to ourselves, which was reviews and not price消费者真正想要的和真实的 对我们自己,这是审查而不是价格
893comparison and gone more and more into more and more esoteric items that needed to be reviewed比较,并越来越多地进入需要审查的越来越多的复杂项目
894where customers had less and less data and wanted reviews more badly.客户的数据越来越少 更想要评论
895So if we stayed authentic to所以如果我们保持真实
896ourselves, we would have done better.我们自己会做得更好
897We're still talking about working for the long term.我们仍然在谈论长期的工作。
898The next tweet on that topic is apply specific knowledge with leverage and eventually you will下一则关于这个话题的推文是运用特定知识,
899get what you deserve.得到你应得的。
900I would also add to that, apply judgment, apply accountability and apply我还要补充一点,即适用判决、问责制和适用
901the skill of reading.阅读技巧。
902This one is just a glib way of saying that it takes time.这个只是说需要时间的一种格利布方式。
903Even once you have哪怕一旦你来了
904all of these pieces in place, there is an indeterminate amount of time that you're going to所有这些片段都到位了, 会有不确定的时间,你要去
905have to put in.得放进去
906And if you're counting, you will run out of patience before it actually arrives.如果你数数的话,你就会在它到达之前失去耐心。
907So you just have to make sure that you give these things a proper time.所以,你只需要确保 你给这些东西一个适当的时间。
908Life is long.寿命长.
909Charlie Munger查理·芒格尔
910had some line on this.上面有些线索
911Somebody asked him about making money and he reinterpreted that and he有人问他赚钱的事 他重新解释后
912said, what the questioner is actually asking is how do I get rich like you but faster before I end说,问者其实是问我如何像你一样发财,但在我结束之前更快
913up as a really old guy?作为一个真正的老人?
914And everybody wants it immediately, but the world is an efficient place.每个人都希望它立刻, 但世界是一个高效的地方。
915Immediate doesn't work.即时不效.
916You do have to put in the time.你得把时间。
917You do have to put in the hours.你一定要把时间。
918And so I所以我才会
919think you just have to put yourself in the position with the specific knowledge, with the你只需要让自己处于 特定知识的地位
920accountability, with the leverage, with the authentic skill set that you have to be the best问责,利用杠杆, 真正的技能集,你必须是最好的
921in the world at what you do.在世界上你做什么。
922And then you have to enjoy it and just keep doing it and keep doing it然后你必须享受它 继续做下去
923and don't keep track and don't keep count.并且不要跟踪,不要继续数。
924Because if you do, you will run out of time.因为如果你这样做, 你会耗尽的时间。
925I can look back at my career and the people two decades ago that I had identified as brilliant我可以回顾我的事业 和20年前的人,我已经确定是辉煌的
926and hardworking but hadn't thought much more about it.辛勤工作,却没多想
927They're all successful now, almost without他们现在都成功,几乎没有
928exception.除外。
929On a long enough time scale, you do get paid, but it can easily be 10 or 20 years.在足够长的时间范围内,你会得到报酬,但很容易是10或20年。
930Sometimes it's five and if it's five or three and a friend of yours got there, it can drive you insane.有时候是5个 如果是5个或3个 你的一个朋友到了那里, 它会把你逼疯了。
931But those are exceptions.但这些都是例外。
932And for every winner, there's multiple failures.而对于每一个赢家来说,都会出现多次失败.
933One thing that's important in entrepreneurship is you just have to be right once.在创业中很重要的一件事就是,你只需要正确一次。
934You get many,你得到许多,
935many shots on goal.射门很多
936You can take a shot on goal every three to five years, maybe every 10 at你可以每3到5年打一球 也许每10次
937the slowest or once every year at the fastest, depending on how you're iterating with startups.每年最慢或最快一次 取决于你对初创企业的感受
938But you really only have to be right once.但你只要说一次就对了
939My little equation is that your eventual outcome我的小方程式是 你的最终结果
940will be equal to something like the distinctiveness of your specific knowledge将等于你特殊知识的特异性
941times how much leverage you can apply to that knowledge times how often your judgment is乘以你对知识的影响力 乘以你判断的频率
942correct times how singularly accountable you are for the outcome times how much society正确的时间 你对结果的负责程度 多少社会
943values what you're doing.珍视你在做什么。
944And then you compound all of that with how long you can keep doing it然后用你能持续多久来补充这一切
945and how long you can keep improving it through reading and learning.你可以通过阅读和学习不断改进它多久
946That's actually a really good way to summarize it.这其实是一个很好的总结方法。
947It's probably worth even trying to sketch画画也值得
948that equation out.那个方程式了。
949That said, people try to then apply mathematics to what is really philosophy.尽管如此,人们试图把数学应用到真正的哲学中。
950So I've seen this happen in the past where I say one thing and then I say another thing that seems所以,我见过这种情况 在过去,我说一件事 然后我说另一件事,似乎
951contradictory if you treat it as a math equation, but it's obviously in a different context.如果你把它当作一个数学方程,这是自相矛盾的,但它显然在不同的上下文中.
952And then people will say, well, you say that desire is suffering.然后人们会说,嗯, 你说欲望是痛苦。
953That's the Buddhist saying.即是佛教说法.
954And then you say that all greatness comes from suffering.后说一切大乘从苦来.
955So does that mean all greatness comes所以,这意味着所有伟大的来
956from desire?从欲望?
957And it's like, well, this isn't math people.这就像,好了,这不是数学的人。
958You can't just start carrying variables你不能只是开始携带变量
959around and forming absolute logical outputs.周围并形成绝对逻辑输出。
960You have to know when to apply things.你必须知道什么时候应用的东西。
961So I think所以我觉得
962that is very useful to understand.这对理解非常有用。
963But at the same time, one can't get too analytical about it.但与此同时,人们不能对此进行过多的分析.
964It's这是
965what a physicist would call false precision.物理学家会称之为假精度
966When you take two made up estimates and you multiply当你用两个 计算和乘数
967them together and you get four degrees of precision, those decimal points don't actually他们在一起,你得到四度精度, 这些小数点实际上不是
968count.计数。
969You don't have that data.你没有这些数据。
970You don't have that knowledge.你没有这种知识。
971In a model, the more estimated在模型中,估计得越多
972variables you have, the greater the error in the model.变量,模型中错误越大。
973So just adding more and more complexity to所以,只是增加 越来越复杂
974your decision making process actually gets you a worse answer.你的决策过程让你得到更糟糕的答案
975You're better off just picking the你最好还是选个
976single biggest thing or two.一两件大事
977For example, what am I really good at?例如,我到底擅长什么?
978According to observation and根据观察和
979according to people that I trust that the market values like that alone, those two variables alone我相信这样的市场价值 只有这两个变量
980are probably good enough.可能足够好。
981Because if you're good at it, you'll keep it up.因为若能精进持戒.
982And if you're good at如果你擅长
983it, you develop the judgment.它,你发展判断。
984And if you're good at it, and you like to do it, eventually people如果你擅长,你喜欢做,最终人们
985will give you the resources and you won't be afraid to take on accountability.会给你资源 你不怕承担责任
986┮Τ
987pieces will fall in place.片段会落地
988Product market fit is inevitable.产品市场是不可避免的。
989If you're doing something you love to如果你做了你喜欢的事
990do, and the market wants it.做,市场想要它。
991Regarding the guy that gets rich in five years, one of the tweets关于五年后发财的人,一个微博
992that you had on the cutting room floor was avoid people who got rich quickly.你在剪切室的地板上 避免了那些迅速发财的人
993They're just giving他们只是给
994you their winning lottery ticket numbers.你们是他们的中奖彩票号码
995This is generally true of advice anyway, which is it's back忠告一般都是这样 回来了
996to Scott Adams, systems not goals.给斯科特·亚当斯,系统不是目标。
997If you ask a specific person what worked for them, very often,如果你问一个特定的人什么对他们有用, 非常经常,
998it's just like they're reading out the exact set of things that work for them, which may not be就像他们正在读那些对他们有用的东西 可能不是
999applicable for you.适用于您。
1000They're just reading your winning lottery ticket numbers.他们只是在看你的中奖彩票号码
1001It's a little有点
1002bit, there is something to be learned from them.比特,有 从他们学到的东西。
1003But you can't just take their exact circumstance但你不能只考虑他们的真实情况
1004and map it onto yours.把它映射到你的地图上
1005The best founders I know, they listen and read to everyone, but then they我认识的最好的创始人, 他们倾听和阅读每个人, 但后来他们
1006ignore everybody.忽略每个人。
1007And they make up their own mind.他们自己决定
1008They have their own internal model of how to apply他们有自己的内部模式如何应用
1009things to their situation.他们的处境。
1010And they do not hesitate to discard information.他们毫不犹豫地丢弃信息。
1011If you survey enough如果你调查够了
1012people, all the advice will cancel to zero.所有建议都会取消到零
1013So you do have to have your own point of view.所以你必须有自己的观点。
1014And when什么时候
1015something is sent your way, you have to very quickly decide is that true?东西是按你的方式送来的, 你必须迅速决定 这是真的吗?
1016Is that true outside外面是真的吗?
1017of the context of what that person applied it in?这个人在什么情况下应用它?
1018Is it true in my context?我的背景是真的吗?
1019And then do I want to礛и稱
1020apply it?应用它?
1021You have to reject most advice, but you have to listen to and read enough of it to know你必须拒绝大多数建议, 但你必须听和阅读 足够知道
1022what to reject and what to accept.拒绝什么 接受什么
1023Even in this podcast, you should examine everything.即使在这个播客,你应该检查一切。
1024If若为
1025something does not feel true to you, put it down, set it aside.有些事对你并不真实 放下 放下
1026If too many things seem untrue,如果太多事情看起来不真实,
1027delete this podcast.删除此播客 。
1028I think the most dangerous part of taking advice is that the person that我认为最危险的部分 接受建议的人
1029gave it to you is not going to be around to tell you when it doesn't apply any longer.交给你以后 不会再告诉你了
1030Yeah, I view the purpose of advice as a little different than most people.是啊,我认为建议的目的 与大多数人有点不同。
1031I just view it as我只是觉得
1032{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}帮助我写出一些故事和格言 {\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}后来我就能想起
1033experience and say, ah, that's what that person meant.体验和说,啊,这就是那个人的意思。
103490% of my tweets are actually just maxims我百分之九十的推文其实只是格言
1035I carved for myself that are then little mental hooks to remind me when I'm in that situation我为自己雕刻的,然后是小的 精神钩子来提醒我 当我处于这种情况
1036again.再来
1037Like, oh, I'm the one who tweeted, if you can't see yourself working with someone for life,喜欢,哦,我是谁的推特, 如果你看不到自己工作 与某人终身,
1038then don't work with them for a day.那就不要和他们合作一天。
1039So as soon as I know that this person is not going to be所以只要我知道这个人不会是
1040someone that I'm going to be working with 10 years from now, then I have to start extricating10年后我要和谁合作,然后我要开始解脱
1041myself from that relationship or just not investing that much more effort into it.或只是没有投入 更多的努力。
1042So I use my tweets and other people's tweets as maxims that help compress my own learnings所以我用我的微博和别人的微博 做为帮助压缩自己学习的格言
1043and be able to recall them.并能够召回他们。
1044The brain space is finite, your finite neurons.大脑空间是有限的, 你的有限的神经元。
1045So you can almost这样你几乎可以
1046think of these as pointers, addresses, mnemonics to help you remember deep-seated principles把这些当作指针、地址、示意图 来帮助你记住深层的原则
1047where you have the underlying experience to back it up.在那里,你有 潜在的经验支持它。
1048If you don't have the underlying experience,如果你没有基本经验
1049then it just reads like a collection of quotes.然后,它只是读 像集引文。
1050It's cool, it's inspirational for a moment.凉爽,励志一时.
1051Maybe也许
1052you make a nice poster out of it, but then you forget it and move on.你做了一个很好的海报出来, 但你忘了它,继续前进。
1053So all of these are really所以这些都是真的
1054compact ways for you to recall your own knowledge.让你回忆起自己的知识
1055The last tweet on the topic of working for the long term is that when you're finally wealthy,关于长期工作的最后一个推文是 当你终于富有的时候
1056you'll realize that it wasn't what you were seeking in the first place, but that's for another day.你会意识到 这不是你最初想要的 但那是另一天
1057That's a multi-hour topic in and of itself.这是一个多小时的话题本身。
1058First of all, I just thought it was a really clever way首先,我认为这是非常聪明的方法
1059to end the whole thing because it disarms a whole set of people who'd say, well, what's the point结束这一切,因为它解除了 一整组人 谁会说,有什么意义
1060of getting rich?发财?
1061Because there are a lot of people who just like the status signal, virtue signal因为很多人都喜欢状态信号,美德信号
1062against the idea of wealth creation or making money.反对创造财富或赚钱的想法。
1063So it was just a good way to disarm all所以这是解除一切的好办法
1064of them.他们。
1065But it's also true in that the things that you really want in life, yes, money will但这也是事实,因为你真正想要的东西 在生活中,是的,钱会
1066solve all your money problems, but it doesn't get you everywhere.解决你所有的钱问题,但它没有让你无处不在。
1067The first thing you'll realize第一件事你会意识到
1068when you've made a bunch of money is that you're still the same person.当你赚了一大堆钱时 就是说你还是同一个人
1069If you're happy, you're如果你高兴,你就
1070happy.快乐
1071If you're unhappy, you're unhappy.若不乐者.
1072If you're calm and fulfilled and peaceful,如果你冷静 满足 和平
1073you're still that same person.你还是那个人
1074I know lots of very rich people who are extremely out of shape.我认识很多非常富有的人 他们非常的不健全。
1075I know lots of rich people who have really bad family lives.我认识很多有钱人 他们的家庭生活非常糟糕。
1076I know lots of rich people who我认识很多有钱人
1077are internally a mess.内部一片混乱
1078So I would lean on another tweet that I put out, which is actually when I所以我会倚靠另一个推特 我发布, 这其实当我
1079think back on it, I think it's my favorite tweet of mine.回想起来,我想这是我最喜欢的微博。
1080It's not necessarily the most insightful.未必最有见识.
1081It's not necessarily the most helpful.不一定是最有帮助的
1082It's not even the one I think about the most, but I just,这不是我最想的 但我只是
1083when I look at it, there's just such a certain truth in there that it just resonates.当我看着它时, 里面有这样一个事实, 它只是共鸣。
1084And that还有
1085is that a calm mind, a fit body, and a house full of love, these things cannot be bought.一个冷静的头脑, 一个合适的身体, 一个充满爱的房子, 这些东西是买不来的。
1086They must他们必须
1087be earned.获得。
1088Even if you have all the money in the world, you can't have those three things.即使你拥有世界上所有的钱,你也不能拥有这三件事.
1089Jeff贾夫
1090Bezos still has to work out.贝佐斯还得努力
1091He still has to work on his marriage or whatever his next relationship他的婚姻和以后的恋情都得解决
1092is.没错
1093And his internal mental state is still going to be very much not controlled by external events.而他的内心精神状态仍然会非常不受外界事件控制.
1094It's going to be based on how calm and peaceful he's inside.将以他内心的平静与和平程度为基础.
1095So I think those three things,所以我认为这三件事,
1096your health, your mental health, and your close relationships are things that you have to cultivate你的健康,你的精神健康, 和你的亲密关系 这些都是你必须培育的东西
1097and can probably bring you a lot more peace and happiness than any amount of money ever will.并且可能给你带来 更多的和平与幸福 比任何数量的钱会。
1098So that's what I meant.所以,这就是我的意思。
1099Now, how to get there is actually a tweet storm that I still need to put现在,如何到达那里,实际上是一个微博风暴,我仍然需要把
1100out.出来。
1101I've been working on it.已而修习.
1102I have probably a hundred tweets on it.我大概有一百条微博
1103It's just very hard to say很难说
1104anything on the topic without getting attacked from 50 different directions, especially these days任何关于这个话题的话题 都不要受到来自50个不同方向的攻击 尤其是现在
1105(原始内容存档于2019-09-21). at Twitter.
1106So I've been hesitant to do it because I want to target it for a very specific kind of所以我一直犹豫不决 因为我想把它瞄准一种非常特别的
1107person.个人。
1108There's a bunch of people who don't believe that working on your internal state is useful.有一群人不相信在你的内部状态上工作是有用的.
1109They're too focused on the external.他们太专注于外部。
1110And that's fine.没关系
1111There's nothing wrong with that.亦无所违.
1112They should他们应该
1113do that.做到这一点。
1114And that's who the how to get rich tweet storm is for.这就是如何获得丰富的微博风暴。
1115There's a bunch of people who有一帮人
1116believe that the only thing worth working on is complete liberation.相信唯一值得努力的是彻底解放
1117Like you become the Buddha就像你成为了菩萨
1118and they'll attack anything in the middle as being useless.他们会攻击中间的任何东西 作为无用。
1119That's fine too, but most people aren't也没关系,但大多数人不是
1120there.这里
1121So what I want to do is to create a tweet storm that is just very practical advice for所以我想做的是创造一个微博风暴 这仅仅是非常实用的建议
1122everyday people who want to have a calmer internal state, just a set of understandings,每天都有人想有一个更平静的内部状态, 只是一套谅解,
1123realizations, have truths and truths that if you were to imbibe them properly, and again,认识,有真理 和真理,如果你要正确注入, 并且再次,
1124these are just pointers to ideas that you already have and experiences that you already have,这些只是你已有的想法和经历的指针,
1125that if you keep these top of mind, slowly but steadily, it will help you with certain如果你保持这些顶端的头脑, 缓慢但稳定, 这将帮助你确定
1126realizations that will lead you to a calmer internal state.导致你进入更平静的内部状态
1127That's what I want to work on.这就是我想要做的。
1128Fitness is another big one.健身是另一个大。
1129I'm just not the expert there.我不是那个专家
1130There are plenty of good people有很多好人,他们很厉害
1131on Twitter who are better at fitness than me.在推特上谁更适合我。
1132And I think loving household and relationships我认为爱的家庭和关系
1133actually automatically falls out of the other things.其实是自动从其他东西中掉下来的
1134If you have a calm mind and if you've如果你有冷静的头脑 如果你有
1135made money, you should have good relationships.赚钱,你应该有良好的关系。
1136There's no reason why you shouldn't.何故不应.
1137A lot of许多
1138divorces actually happen over money.离婚实际上是为了钱
1139Unfortunately, that's just the reality of it.不幸的是,这只是它的现实。
1140So having money所以有钱
1141removes that part of it.移除这部分。
1142A lot of external battles happen because your internal state is not good.经常发生外部战斗,因为你的内部状态不好.
1143When you're naturally, internally peaceful, you're going to pick less fights.当你自然,内部平静的时候,你会选择较少的战斗.
1144You're going to be more你会更厉害的
1145loving without expecting anything in return.爱而不期望什么回报。
1146And that will take care of things on the external这样就能解决外在的问题
1147relationship front.关系前沿。
1148So money solves your money problems.所以钱能解决你的钱问题
1149Money buys you freedom in the material钱给你买材料的自由
1150world.这个世界
1151I think that was a tweet from your cutting room floor.我认为那是你剪切室的推文
1152And money lets you not do the things钱让你不做这些事
1153that you don't want to do.你不愿意这样做。
1154Yeah, to me, the ultimate purpose of money is so that you do not是啊,对我来说,金钱的最终目的 就是让你不要
1155have to be in a specific place at a specific time doing anything you don't want to do.在一个特定的时间 做一些你不想做的事
1156We skipped我们跳过
1157one tweet because I wanted to cover all of the tweets on the topic of the long term.因为我想涵盖所有关于长期议题的推文。
1158And the还有
1159was there are no get rich quick schemes.如果没有富裕的快速计划。
1160That's just someone else getting rich off you.这只是别人从你身上发财。
1161This goes back to the world being an efficient place.这可追溯到世界是一个有效率的地方。
1162If there's an easy way to get rich,如果有容易发财的方法
1163it's already been exploited.它已经被利用了。
1164And there are a lot of people who will sell you ideas and schemes on还有很多人会卖你的想法和计划
1165how to make money.如何赚钱。
1166But they're just always selling you some 7995 course, or some audiobook or some但他们总是卖你7995个课程, 或者一些音频或一些
1167seminar, which is fine.研讨会,没关系。
1168Everyone needs to eat, people need to make a living.每个人都需要吃饭,人们需要谋生。
1169They might actually他们可能真的
1170have really good tips.有很好的小费。
1171But if they're giving you actionable, high quality advice that acknowledges但是,如果他们给你 诉讼,高质量的建议,承认
1172that it's a difficult journey and will take a lot of time, then I think that's realistic.这是一个艰难的旅程 并且需要很多时间, 那么我认为这是现实的。
1173But if不过如果
1174they're selling you some get rich quick scheme, whether it's crypto or whether it's an online他们卖给你一些 富有的快速计划, 无论是密码还是在线
1175business or seminar, they're just making money off you.生意或研讨会, 他们只是赚你的钱。
1176That's their get rich quick scheme.这就是他们的快速计划
1177It's这是
1178not going to necessarily work for you.不一定会为你工作。
1179One of the things about this whole tweet storm and podcast is这整场推特风暴和播客
1180that we don't have ads on here.我们这里没有广告
1181We don't charge for anything.我们什么都不收
1182We don't sell anything.我们不卖任何东西。
1183Not because不是因为
1184I don't want to make more money.欲不增财.
1185It's always nice to make more money.常得善财.
1186We're doing work here.我们在这里工作。
1187But不过
1188because it would completely destroy the credibility of the enterprise.因为这会彻底破坏企业的信誉
1189If I'm saying, hey, I know how如果我说,嘿,我知道如何
1190to get rich and I'm going to sell that to you, it ruins it.我打算卖给你,它毁了它。
1191When I was young and I was kind of当我年轻的时候,我有点
1192studying up on the topic, one of my favorite books on the topic was actually called How to Get Rich研究这个话题 我最喜欢的一本关于这个话题的书 叫做"如何获得里奇"
1193by Felix Dennis, the founder of Maxim magazine, billionaire who passed away.由马克西姆杂志的创始人,逝世的亿万富翁费利克斯·丹尼斯(Felix Dennis)创作.
1194And he had a lot of他有很多东西
1195crazy stuff in there, but he had some really good insights too.里面有些疯狂的东西 但他也有很深的见解
1196But whenever I read something by him但每当我读到他的东西
1197或者由GoDaddy创始人Bob Parsons或者说Andrew 卡内基, 你读的人的东西
1198are already very wealthy and they've clearly made their wealth in other fields, not by selling the他们已经非常富有了 而且他们显然已经在其他领域创造了财富 而不是通过出售
1199how to get rich line.如何得富贵行.
1200They have credibility.他们有信誉。
1201You just trust them and they're not trying to make你只要相信他们,他们不会
1202money off of you.从你身上拿钱
1203They are obviously trying to win some status and some ego, right?他们显然试图赢得一些地位和一些自负,对不对?
1204You always have你总是这样
1205to have a motivation for doing something.有动机做一些事情。
1206But at least that is a cleaner reason why they're probably但至少这是一个更清洁的原因 他们可能
1207not lying.没有说谎。
1208They're probably not fooling you.他们可能不会骗你的
1209They're not snowing you.他们不会下雪的
1210At some level, every在某些层面,
1211founder has to lie to every employee of the company that they have where they have to convince them创始人必须欺骗公司的每个员工 他们有他们必须说服他们的地方
1212that it's better for you to work for me than is to do what I did and go work for yourself.你为我工作胜过做我做的事 为自己工作
1213So I've always had a hard time with that, which is why the only honest with in my companies,所以我一直很难接受 这就是为什么我公司里唯一诚实的人
1214I've recruited entrepreneurs and I tell them you're going to get to be entrepreneurial in this我招了企业家,我告诉他们你会在这件事上创业
1215company.连队。
1216And the day you're ready to go start your own next thing, I'm going to support you.等你准备好开始下一步工作时 我会支持你的
1217I'm never going to get in the way of you starting a company, but this can be a good place for you我绝不会妨碍你开公司 但这里对你有好处
1218to learn how to build a good team and build a good culture, how to find product market fit to学习如何建立良好的团队和建立良好的文化,如何找到适合的产品市场
1219perfect your skills and meet some amazing people while you figure out exactly what is going to do完善你的技能,遇到一些令人惊奇的人 同时,你找出 到底要做什么
1220because positioning, timing, deliberation are very important when starting a company.因为成立公司时 定位、时机和考虑非常重要
1221But what I've但我所拥有
1222never been able to do is look them in the face and say, you must be at your desk by 8 a.m. because永远无法做到的就是看着他们的脸 说,你必须在早上8点前到桌子
1223I'm not going to be at my desk by 8 a.m.我不会在早上8点前到办公桌
1224I want my freedom or say to them that you're great at我想要我的自由 或者告诉他们你很棒
1225being a director today and you'll be a VP tomorrow, you know, putting them into that career path track今天当导演 明天你就会当副总裁 让他们进入职业轨道
1226because I don't believe in it myself.因为我不相信它自己。
1227If anyone is giving advice on how to get rich and they're also如果有人建议怎样发财,他们也会发财
1228making money off of it, they should have made their money elsewhere.他们应该从别的地方挣钱
1229Like you don't want to learn how就像你不想学
1230to be fit from a fat person.从胖子身上得到的
1231You don't want to learn how to be happy from a depressed person.你不想从一个郁闷的人身上学到如何快乐.
1232So you don't want to learn how to be rich from a poor person, but you also don't want to learn所以你不想从穷人那里学钱 但你也不想学
1233how to be rich from somebody who makes their money by telling people how to be rich.如何从一个有钱人那里发财 通过告诉人们如何发财。
1234It's suspect.谓疑.
1235Anytime you see somebody who's actually gotten rich following some guru's advice on getting rich,每当你看到有人 谁真的发财 根据一些大师的建议发财,
1236just remember that in any random process, if you run it long enough and if enough people只要记住,在任何随机过程, 如果你运行它足够长,如果有足够的人
1237participate in it, you will always get every single possible outcome with probability one.参与其中,你总是得到每个可能的结果 概率之一。
1238There's a lot of random error in there and then also this is why you have to absolutely and里面有很多随机错误 这也是你必须绝对
1239completely ignore business journalists and economist academics when they talk about private完全无视商业记者 和经济学家学者 当他们谈论私人
1240companies.企业。
1241I won't even name names, but like when a famous economist rails on Bitcoin我不会给名字起名,但当一个著名的经济学家在比特币上
1242or when a business journalist attacks the latest company that's IPO-ing, it's complete nonsense.或者当一个商业记者攻击最新的IPO -ing公司时 这完全是胡说八道
1243Those people have never built anything.那些人从来没有建造过任何东西。
1244They're professional critics.他们是专业的批评家.
1245They don't know anything他们什么都不知道
1246about making money.关于赚钱。
1247All they know is how to criticize and get page views and you're literally他们只知道如何批评和获取页面浏览 你字面上
1248becoming dumber by reading them.读起来就更蠢了
1249You're burning neurons.你在烧神经元
1250I'll leave you with a quote from Nassim我留一句纳西姆的话给你
1251Taleb that I liked where he said, if you want to be a philosopher king, first become a king and then塔列布我喜欢他所说的, 如果你想成为一位哲学家的国王, 首先成为一个国王,然后
1252a philosopher, not first become a philosopher and then become a king.哲学家,不是先成为哲学家,然后成为国王.
1253I'm glad you brought up Taleb because I was going to finish this by saying just remember我很高兴你提起塔莱布 因为我要说 记住
1254the title of his first book, which is Fooled by Randomness.他的第一本书的标题 被随机所愚弄
1255One of the reasons why we're a little vague in this podcast is because we're trying to我们这个播客有点模糊的原因之一 是因为我们试图
1256lay down principles that are timeless as opposed to just giving you the winning规定永恒的原则 而不是只给你胜利
1257lottery ticket numbers from yesterday.昨天的彩票号码
1258You summarized this entire tweet storm你总结了整个推特风暴
1259with two words, productize yourself.用两个字, 生产自己。
1260Productize and yourself.制作和你自己。
1261Yourself has uniqueness.你拥有独特的性格
1262Productize has leverage.产品化有影响力。
1263Yourself has你们自己有
1264accountability.问责制。
1265Productize has specific knowledge.产品化具有特殊知识.
1266Yourself also has specific knowledge in there.你们自己也有专门的知识
1267So all of these pieces, you can combine them into these two words.所以,所有这些片段,你可以把它们合并成这两个词.
1268Whenever you're doing每当你这样做
1269anything in business, if you're looking towards the long term of getting wealthy,任何生意上的事情,如果你想着 长期致富,
1270you should ask yourself, is this authentic to me?你应该问问你自己, 这对我来说是真的吗?
1271Is it myself that I am projecting?是我在投影吗?
1272And then am I productizing it?然后我要制作它吗?
1273Am I scaling it?我缩放了吗?
1274Am I scaling with labor or with capital我是用劳动力还是用资本
1275or with code or with media?还是用密码或媒体?
1276So it's a very handy, simple mnemonic.所以这是一个非常手巧,简单的记忆。
1277I mean, what is this podcast?我的意思是,这播客是什么?
1278This is a podcast called Naval.这个播客叫海军
1279I'm literally我从字面上
1280productizing myself with a podcast.用播客制作自己
1281You want to figure out what you're你想知道你是谁
1282uniquely good at or what you uniquely are and apply as much leverage as possible.独具一格或你独具一格 并尽可能发挥杠杆作用
1283So making money isn't even something you do.所以赚钱根本不是你的工作
1284It's not a skill.这不是一个技能。
1285It's who you are stamped out是你被干掉的那个人
1286a million times.百万遍经.
1287Making money should be a function of赚钱应该是
1288your identity and what you like to do.你的身份和喜欢做的事
1289Another tweet that I really liked was this was not mine.我很喜欢的另外一个推特 不是我的
1290Somebody else put this up.别人放的
1291They said, find three hobbies.他们说,找三个爱好。
1292One that makes you money,一个让你赚钱的
1293one that keeps you fit and one that makes you creative.保持你的身材 让你有创造力
1294I would change that slightly.我会稍微改变这一点。
1295So I would say one that makes you money, one that makes you fit and one that makes you smarter.所以我要说一个让你赚钱, 一个让你适合,一个让你更聪明。
1296So in my case, my hobbies would be reading, making money.所以我的爱好是读书赚钱
1297I love working with startups,我喜欢和创业者合作
1298either investing in them, brainstorming them, starting them.或投资于他们,或集思广益,或开始于他们。
1299I just love that ideation and我只是喜欢这个想法和
1300initial creation phase around startups.初始创建阶段围绕创业.
1301And then on the hobby that keeps you fit,然后,在你的爱好 保持你适合,
1302I don't really have one.我真的没有
1303The closest thing I have is yoga, but that's where I fell apart.我最亲近的就是瑜伽,但这就是我崩溃的地方.
1304And I think people who early in life discover something like surfing or swimming or tennis or我想人们在早期发现 比如冲浪、游泳、网球
1305some sport that they continue doing throughout most of their life are very lucky because they他们一生大部分时间都在做一些运动 因为他们很幸运
1306have a hobby that will make them fit.有个能让他们适应的爱好
1307We finished discussing the tweet storm and我们讨论完推特风暴和
1308we're going to spend some time on Q&A and discussing some of the tweets on the cutting讨论一些关于剪切的微博
1309room floor that didn't make it into the tweet storm.房间地板没有进入微博风暴。
1310My first question is, do you think there我的第一个问题是, 你觉得那里
1311are some common failure modes or typical things that people do wrong when they're trying to apply是一些常见的失败模式 或典型的事物 人们在尝试应用时做错了
1312this advice?这个建议?
1313A lot of people don't understand what specific knowledge really is or how to很多人不明白什么是 具体的知识,或如何
1314obtain it.获取它。
1315People don't understand what accountability really entails.人们不明白责任到底意味着什么。
1316They think他们觉得
1317that accountability means being successfully accountable.问责制意味着成功地实行问责制。
1318No, it means that you have to不,这意味着你必须
1319stick your neck out and fail with your name out there publicly and be willing to let people hate把你的脖子伸出去,失败 你的名字在那里公开 并愿意让人们恨
1320on you.对你。
1321One of the reasons I'm less active in Twitter lately is because every tweet summons最近我在推特上不太活跃的原因之一 就是每个推特传票
1322an army of nitpickers and haters and it gets exhausting.一群挑刺者和仇恨者的军队 变得疲惫不堪
1323But on the other hand, you have to但另一方面,你必须
1324learn how to ignore them.学会如何忽略他们。
1325Otherwise you can't survive on Twitter.否则你无法在Twitter上生存.
1326A lot of people try to很多人试图
1327reconcile it with like, should I quit my nine-to-five job or not?我是不是应该辞掉九比五的工作?
1328That can be a very这可能是非常
1329hard decision.很难决定
1330I don't think you need to go that extreme.我不认为你需要去那么极端。
1331You can start applying accountability你可以开始实行问责制
1332and leverage and specific knowledge even within your existing career.并运用和特定知识 即使在你现有的职业生涯。
1333It doesn't have to necessarily没必要
1334be fork off and do something else completely.叉开,做点别的
1335A lot of people will use it as a way to agree很多人会用它来表示同意
1336and disagree with their existing biases.并不同意他们现有的偏见。
1337They'll say, oh yeah, I agree with that part or that part他们会说,哦,是的,我同意那部分或那部分
1338you're completely wrong. They'll say, oh yeah, I agree with that part or that part you're completely wrong.你完全错了。 他们会说,哦,是的,我同意你完全错误的那部分。
1339the most interesting parts should be the ones that you disagree with, because clearly最有趣的部分应该是你不同意的部分 因为很明显
1340I've proven that I know a few things.我已经证明我知道一些事情。
1341So if you disagree with it,如果你不同意的话
1342then maybe that is an area where you can improve your thinking.或许那是你可以改善思维的领域
1343I definitely improve my thinking all the time, but I will tell you that in this tweet storm,但我会告诉你 在这场微博风暴中
1344I put down the minimum viable principles.我放下了最低可行的原则。
1345I did not put down the whole universe of what I know我没有放下我所知道的宇宙
1346about how to make money, because 90% of it is suspect.如何赚钱, 因为90%是可疑的。
1347I put down the bedrock, the stuff that我放下了基岩,那些东西
1348I'm pretty solidly sure about.我非常肯定这一点。
1349And I have not yet seen a tweet that has successfully contradicted我还没有看到一个微博 已经成功矛盾
1350anything in this tweet storm.在微博暴风雨中的任何内容。
1351That would cause me to say, oh yeah, I got that one wrong.那会让我说 我搞错了
1352I think another place where people get a little bit off is they look at this and they say, well,我认为另一个地方 人们得到一点点下来是 他们看看这个 他们说,嗯,
1353this only applies to tech entrepreneurs.这仅适用于技术企业家。
1354I disagree.我不同意这个观点。
1355The example that I gave about我给的榜样
1356real estate was a good one in that regard.在这方面,房地产是一件好事。
1357It's just the nature of leverage that technology利用技术的本质
1358drives leverage.驱动杠杆。
1359So I'm going to push you in a tech direction to get the free leverage that所以我要把你推向技术方向 以获得自由的杠杆
1360is available in tech.以技术形式提供。
1361And obviously this message is being delivered through the internet,显然,这个信息正在通过互联网传递,
1362so it's going to have a pro internet bias.因此,它会有一个 支持互联网的偏见。
1363There are also people who believe that is unfair也有人认为不公平
1364to the people who don't have these opportunities to do anything with the opportunities that they给那些没有这些机会 做任何事情的人
1365do have.确实
1366Will that defeatist attitude?那种失败主义的态度会吗?
1367Why even get out of bed in the morning?为什么早上起床?
136890% of people are90%的人是
1369dead.已经死了。
1370There's a lot of people who are living at a dollar a day.日以一钱为生者甚众.
1371Do you live in a dollar a day?你每天住一美元吗?
1372No,没有
1373it's up to you to play the hand that you're dealt to the best of your ability.由你来操控你的能力
1374And then you还有你
1375can take the winnings, the pot from that hand and do whatever you want with it to fix the world.能取胜者,从手取壶,随其所欲,以修天下.
1376But saying that you should not do things just because others can't do things is living in但说你不应该做一些事情 只是因为别人不能做一些事情
1377denial.否认。
1378It's an excuse to not do anything.以无所为为故.
1379There are also people who believe that wealth creation也有人认为创造财富
1380is fundamentally at odds with an environmentally safe and healthy planet.从根本上讲,这与一个环境安全和健康的星球是背道而驰的。
1381And they view the whole他们看待整个
1382thing as a giant zero-sum game.是一个巨大的零和游戏。
1383That's a false narrative as well.那也是个虚假的叙事
1384Elon Musk is not playing a伊隆·穆斯克不是在玩游戏
1385zero-sum game with the environment, and there are plenty of entrepreneurs who are not.环境零和游戏, 有很多企业家没有。
1386If anything,如果有的话
1387there is a word that environmentalists love, which is sustainability.有一句话是环保主义者喜欢的,那就是可持续性。
1388And for-profit businesses are营利性企业是
1389at least financially sustainable, if nothing else.至少在财政上是可持续的,即使没有别的。
1390You can do a B Corp, which has a dual mission.你可以做一个有双重使命的B公司。
1391A lot of non-profit efforts would actually be better served by for-profit companies,许多非营利性的努力实际上会得到盈利公司更好的服务,
1392because then they wouldn't have to go begging for grants all the time.因为那样他们就不用整天去乞讨赠款了
1393They would be financially他们将财政
1394sustainable.可持续。
1395Some great founders realize their philanthropic visions by running a business.一些伟大的创始人通过经营企业来实现他们的慈善愿景.
1396Who is this advice targeted to?这个建议针对谁?
1397Is it for my Lyft driver?是给莱夫特司机的吗?
1398Is it for an internet entrepreneur?是给互联网企业家的吗?
1399Is it for somebody who wants to start a YouTube channel?是给想开YouTube频道的人的吗?
1400Because it comes from someone who's steeped in Silicon Valley and tech companies, it's always因为它来自一个在硅谷 和技术公司陡峭的人,它总是
1401going to have a bias towards that.会有偏见的
1402But I think it's good for anybody who wants to be entrepreneurial,但我觉得这对想创业的人有好处
1403anybody who wants to control their own life, anybody who wants to deterministically and任何想控制自己生活的人 任何想决定
1404reliably improve their ability to create wealth over time, is patient and looking in for the可靠地提高他们创造财富的能力 耐心地寻找
1405long haul.长途跋涉。
1406Certainly, if you're 80 years old, retired, running out of energy, you should当然,如果你是80岁,退休, 能源耗尽,你应该
1407probably just stay retired.也许只是保持退休。
1408But there are 80-year-olds who have a lot of energy and但有80岁的孩子 精力充沛
1409want to do new things and live for the future.想要做新的事情,为未来而活。
1410It can obviously apply very easily to a young person,它显然很容易适用于年轻人,
1411I would say 9, 10 years old and up.我会说9,10岁了。
1412The most difficult one is probably middle-aged because最困难的可能是中年
1413when we're in our 30s, 40s, 50s, we already have a lot invested.当我们进入30,40,50年代时,我们已经投入了很多资金.
1414We have a lot of obligations我们有很多义务
1415because those are the years where we're earning and people are relying upon us.因为这是我们挣钱的年代 人们依赖我们
1416We don't want to change because we don't want to admit defeat in what we've been doing to date.我们不想改变,因为我们不想承认我们迄今所做的一切失败.
1417But that's where it can actually be the most fruitful.但这正是它能真正取得最大成果的地方。
1418It may be the most difficult pivot.这可能是最困难的支柱。
1419You have a nine-to-five job, you have a family relying upon you.有九至五职,有眷属.
1420And so it may seem like the所以它可能看起来像
1421things in this podcast are far too idealistic, but maybe it can inform your weekend projects.播客的节目太理想化了 但也许可以为周末的项目提供资讯
1422Maybe it can inform your self-re-education that you do at night on the internet.也许它可以告诉你的自我再教育 你晚上在互联网上做。
1423Maybe it can也许可以
1424inform what roles you take on in the company that you're at because they move you closer and closer通知你在公司里扮演什么角色 因为他们让你越来越接近
1425to points of leverage, points of judgment, or points where you're naturally good at and判断点 或者你自然擅长
1426you're authentic.你是真实的。
1427It might cause you to take on more accountability.这可能让你承担更多的责任。
1428Even applied piece meals,即使是应用的零食,
1429these principles can directionally guide you regardless of what stage you are at in life这些原则可以指导你,不管你处于什么阶段
1430and if you're in retirement, just test them to see if they're true and then teach them to your kids如果你在退休,只是测试他们 看他们是否是真的,然后教给你的孩子
1431or your grandkids.或你的孙子。
1432There's many different ways to participate.参与的方式多种多样.
1433It should really apply to almost它应该真正适用于几乎
1434everybody who has a complete body, sound mind, and is looking to work.所有身体完整,头脑健全, 并正在寻找工作。
1435I think one way to apply我想用一个方法
1436the advice is to look at who is getting the leverage off of the work that you're doing.我们的建议是 看看谁能从你的工作中得到好处
1437Look up the value chain.从价值链上看
1438Look at who's above you and who's above them and see how they are看看谁在你上面,谁在他们上面,看看他们是如何
1439taking advantage of the time and the work that you're doing and how they're applying leverage to利用你的时间和工作 他们如何运用杠杆
1440it.这个
1441People do that naturally in that they want to move up the corporate ladder, but that's mostly人们这样做是自然的,因为他们想 升上企业阶梯, 但大多数
1442about managing other people.关于管理别人。
1443What you really want to be doing is managing more capital,你真的想做的是管理更多的资本
1444products, media, and community.产品、媒体和社区。
1445People think about moving up the ladder in their organization,人们在组织里想着升上阶梯
1446but they don't think that often about moving to a different organization or creating their但他们并不认为 经常是搬到另一个组织 或创建他们的
1447organization to get more leverage.提高组织影响力。
1448In general, Ceteris Paribus, fancy Latin words for all other一般来说,Ceteris Paribus, 华丽的拉丁语单词所有其他
1449things equal, you will do better in a smaller organization than a larger one.平等的事情,你会做 在一个小的组织比一个大。
1450You will have你会有
1451more accountability.增强问责制。
1452It'll be more visible.将更可见.
1453You are more likely to be able to try on multiple things你更可能尝试很多事情
1454to find out the thing that you are uniquely good at.找出你最擅长的东西
1455People are more likely to give you leverage人们更可能给你影响力
1456through battlefield promotions.通过战场晋升。
1457You're going to have more flexibility.你会有更多的灵活性。
1458There'll be more authenticity会有更多真实性
1459to how the company operates.公司如何运作。
1460A good progression for careers start out in a large company and then事业的好进展 开始在一个大公司 然后
1461progressively move to smaller and smaller ones.逐步转向较小的。
1462It's very hard to go from a small company to从一家小公司到
1463work in a larger company.在一个更大的公司工作。
1464Larger companies tend to be more about politics and less about merit.较大的公司往往更注重政治,较少注重功绩.
1465They're more stable, but they're less innovative situations.它们比较稳定,但创新情况较少.
1466The goal long term is if we are all长远目标是如果我们都是
1467wealthy is that we're all working for ourselves and the people who are working for us are essentially有钱的是我们都为自己工作 而为我们工作的人基本上是
1468robots.机械人。
1469Today that's software robots in data centers executing code.今天,这是软件机器人 在数据中心执行代码。
1470Tomorrow it could be明天也许
1471delivery bots, flying bots, mechanical bots that are carrying things around.送货箱,飞箱,机械箱 东西在周围。
1472This goes back to this这又回到这个
1473idea of the best relationships are peer relationships.最佳关系的概念是同伴关系。
1474If there's someone above you, then that's someone如果有人在你上面,那那就是那个人
1475to learn from.从中学习。
1476If you're not learning from them and improving, then there shouldn't be anybody above如果你没有从他们那里学习和进步, 那么不应该有任何人以上
1477you.你们
1478If there's somebody below you, it's because you're teaching them and enabling them.如果有人在你下面, 这是因为你正在教他们 并赋予他们。
1479If you're如果你喜欢
1480not teaching them and enabling them, then get a robot underneath.而不是教他们 并赋予他们, 然后得到一个机器人在下面。
1481You don't need a human being你不需要一个人
1482below you.在你脚下
1483This is utopian and it's long ways off, but in the not too distant future, anybody who这是乌托邦式的 距离很远 但在不远的将来 任何人
1484wants to work for themselves will be able to work for themselves.想为自己工作 就能为自己工作
1485You may have to make other你可能得做别的
1486sacrifices.牺牲
1487You may have to take on more risk.你可能必须承担更多的风险。
1488You may have to take on more accountability.你也许必须承担更多的责任。
1489You may have less steady income, but more and more I think the younger generation is realizing你的收入可能不太稳定 但我觉得年轻一代越来越意识到
1490that if they're going to work, they're going to work for themselves.如果他们要工作,他们会为自己工作。
1491In one of your tweets,在你的推特上,
1492you listed out some of the things you should study like programming, sales, reading, writing,你列出了一些你应该研究的东西 比如编程,销售,阅读,写作,
1493arithmetic.算术.
1494One of the items that ended up on the cutting room floor was that you should also study最后在剪切室地板上的物品之一是 你也该学习
1495ethics.伦理。
1496I was originally going to put that out there as a concession to people who believe that我原本打算把这件事 说成是对那些相信
1497making money is evil and that the only way to make it is evil.赚钱是邪恶的,而唯一的方法就是制造邪恶。
1498But then I realized ethics is not但后来我意识到道德不是
1499necessarily something you study.一定是你研究过的东西
1500It's something you think about and it's something you do.这是你所想的 也是你所做的事
1501Every每个
1502of us has a personal moral code and where you got that moral code from is different for everybody.我们有一个个人道德规范 你从哪里得到的道德规范 对每个人都不同
1503It's not like I can point you to a textbook.我又不是指给你看教科书
1504Sure, I could point you some Roman and Greek text,当然,我可以告诉你一些罗马和希腊文本,
1505but that's not going to certainly make you ethical.但这不会肯定 让你道德。
1506There's the golden rule, do unto others as you有黄金规则,做别人像你一样
1507would have them do unto you.会让他们对你做。
1508There's Nassim Taleb's silver rule, which is don't do unto others what纳西姆·塔莱布的银法则 就是别对别人做什么
1509you don't want them doing unto you.你不希望他们对你做。
1510Once you've been in business long enough, you will realize how一旦你做生意的时间足够长 你会意识到
1511much of business is about trust.大部分生意都是为了信任
1512It's about trust because you want to compound interest.这是关于信任 因为你想增加兴趣。
1513You want to你想这样
1514be able to work for long periods of time with trustworthy people without having to reevaluate能够长期与值得信赖的人一起工作,而无需重新评估
1515every discussion, without having to rethink each time, and without having to constantly look over每一次讨论, 不必每次重新思考, 也不必不断回顾
1516your shoulder.你的肩膀,你的双肩。
1517Over time, you gravitate towards working with certain kinds of people.随着时间的推移,你引领 与某些类型的人合作。
1518Similarly,同样,
1519those people will gravitate towards working with other ethical people.这些人将引领 与其他道德的人合作。
1520Being ethical turns out to道德证明
1521be a selfish imperative.做个自私的人
1522You want to be ethical because it attracts the other long-term players你想道德,因为它吸引其他长期玩家
1523in the network, and then they want to do business with you.然后他们想和你做生意
1524If you build a good enough reputation如果你能创造出足够好的声誉
1525for being ethical, eventually people will pay you just to do deals through you because you're因为道德,最终人们会付钱给你 只是做交易通过你 因为你是
1526the one who will validate and ensure the deals by your presence because you wouldn't be involved由你在场来确认和保证交易的人 因为你不会参与
1527with low-quality stuff.与低质量的东西。
1528Being ethical actually pays off in the long run, but it's the very long从长远来看,道德是有好处的,但是很长一段时间
1529run.运行。
1530In the short run, being unethical pays off, which is why so many people go for it.从短期来看,不道德是有好处的,这就是为什么这么多人去追求它。
1531It's a这是一个
1532greedy algorithm, but you can be ethical simply because you're long-term greedy.贪婪的算法,但你仅仅因为长期贪婪,就可以道德.
1533I can even outline我甚至可以提纲
1534framework for different parts of so-called ethics just based on the idea of long-term selfishness.所谓道德准则的不同部分的框架只是基于长期自私的思想。
1535For example, you want to be honest because it leaves you with a clear mind.例如,你想诚实,因为它让你有一个清晰的头脑.
1536You don't have你没有
1537two threads running in your head.头上有两根线
1538One is the lies that you told you to keep track of, and the other一个是你告诉你要跟踪的谎言 另一个是
1539one is what you're saying.一是你说的。
1540You just have to think about one thing at a time so you have more energy你只需要一次考虑一件事 这样你就更有活力了
1541to think about that thing, so you're a clearer thinker.想想那东西, 所以你是一个更清晰的思想家。
1542Also, by being honest, you're rejecting而且,说实话,你拒绝
1543the people who only want to hear the pretty lies, so you force those people out of your network.那些只想要听到漂亮谎言的人 所以你就强迫那些人退出你的网络
1544Sometimes it's painful like friends and family, but long-term you create room for the people who有时会像朋友和家人一样痛苦 但长期来说 你为那些
1545like you exactly the way that you are.就像你一样
1546That is a selfish reason to be honest.这是诚实的自私理由。
1547For example,举例来说,
1548in negotiations, if you're the kind of person who always tries to get the best deal for yourself,在谈判中,如果你是那种 总是试图为自己得到最好的交易的人,
1549you will win a lot of very early deals and it'll feel very good.你会赢得很多很早的交易 感觉会很好
1550On the other hand, there are a另一方面,有一个
1551few people who will recognize that you're always scrabbling and not acting fairly, and they will很少有人会承认 你总是在乱打乱闹 并且不公道,他们会
1552avoid you.避开你。
1553Over time, those people end up being the deal makers in the network because people go随着时间的推移,那些人最终成为网络中的交易商 因为人们去
1554to them for a fair shake or to figure out what's fair.以示公平,或辨别公平。
1555If you are cutting people fair deals, you如果你在裁员 公平交易,你
1556don't get paid in the short term, but in the long term everybody wants to deal with you and you end不要在短期内得到报酬, 但从长远来看,每个人都想 处理你,你结束了
1557up being a market hub.成为一个市场枢纽。
1558You have more information, you have trust, you have reputation, and people你有更多的信息,你有信任, 你有名声,还有人
1559end up doing deals through you.最后通过你做交易。
1560A lot of wisdom is just realizing the long-term consequences of很多智慧只是认识到了 长期的后果
1561your actions.你的行为。
1562The longer term you're willing to look, the wiser that you're going to seem to越长的时期你愿意看, 你似乎会更聪明
1563around you.环绕着你
1564Do you want to tell us about some of the jobs that you had as a youth and the specific你想告诉我们你年轻时的一些工作吗?
1565job that kicked off your fanatical obsession with creating wealth?让你疯狂地沉迷于创造财富的工作?
1566This gets a little personal and这变得有点私人和
1567I don't want to do the humble brag thing.我不想做谦卑的吹嘘
1568There was some thread going around on Twitter about推特上有些线索
1569name five jobs you've held and every rich person on there was trying to signal how they held normal说出你做过的5份工作 上面的每个富人 都想表明他们是如何正常的
1570jobs.任务。
1571I don't want to play that game.我不想玩那个游戏。
1572I've held a bunch of menial jobs.我做过很多体温工作
1573There are people who have有的人谁
1574it worse than me, people who had it better than me.比我更糟糕的人 谁拥有它比我更好。
1575There was one point where I was washing dishes有一点我在洗盘子
1576in the school cafeteria and I said, F this.在学校食堂,我说,F这个。
1577I hate this.我讨厌这样
1578I can't do this anymore.我不能再这样下去了
1579I sweet talked my我甜言蜜语
1580{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}帮助TA的CS课算术 {\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}我本人完全
1581unqualified for that.完全没有这个资格
1582It forced me to learn computer science algorithms so I could TA the这迫使我学习计算机科学算法 所以我可以TA
1583rest of the course, but that desire came out of the suffering of washing dishes in the college剩下的课程,但这种欲望 来源于在大学洗盘子的痛苦
1584cafeteria, which is not to say there's anything wrong with that.餐厅,这不是说有什么错。
1585There's nothing wrong with没有什么不对劲
1586anything really, but it was just not for me.真的,但这不是给我的。
1587I did not enjoy it.我没有喜欢它。
1588I had an active mind and I我有一个活跃的头脑,我
1589wanted to make my money and earn my living through mental activities, not through physical想通过精神活动赚钱 而不是通过身体来谋生
1590activities, but sometimes it takes the suffering of doing the wrong thing to motivate you enough但有时做错事 让你有足够的动力
1591to do the right thing.来做正确的事情。
1592I worked at a law firm for a while, a big prestigious law firm in New York我在纽约的一家大律师事务所工作过一段时间
1593城 City.
1594I had a big internship there and I basically got fired for surfing using that back in the day.我在那里有一个很大的实习, 基本上我被解雇了 冲浪在一天。
1595This is before the internet was a big thing.这是在互联网成为一件大事之前。
1596Usenet was the news groups and it was the onlyUsenet是新闻组 也是唯一的
1597way for me to stay from being completely bored and I was an overpaid guy wearing a tie and a suit and那样我就不会完全无聊了 我是一个高薪的家伙 穿着领带和西装
1598I had to hang out in the conference room when the lawyers needed photocopies, I would make photocopies我不得不在会议室里待着 当律师需要复印的时候 我会做复印
1599and in the meantime, I would be bored out of my skull.同时,我会厌倦我的头骨。
1600这是前iPhone。
1601Thank God to Steve感谢上帝史蒂夫
1602Jobs for saving us all from unending boredom, but I used to read the Wall Street Journal or anything帮助我们摆脱永无止境的无聊 但我以前读过《华尔街日报》之类的
1603that I could get my hands on.我可以把手伸过来
1604I would have read the back of a brochure just to keep from going我会读一本小册子的背面 只是为了不走
1605insane because listening to a bunch of corporate lawyers discuss how to optimize minute details in疯狂的,因为听 一堆公司律师 讨论如何优化分钟的细节
1606a big contract is really dull and they got mad at me because they wanted me to sit there quietly一个大合同真的很无聊 他们生我的气 因为他们想让我静静地坐在那里
1607and not read the Wall Street Journal.而不读华尔街日报.
1608They said that's rude, that's misbehavior.他们说那很无礼,那是不端行为.
1609So I got called所以我被叫来
1610up and reprimanded a bunch of times and then I was finally terminated and I was sent home in shame起来训斥了好几次,后来我终于被终止了,被送回家很丢脸
1611early from my very prestigious internship destroying my chance of going to law school早从我非常有名的实习 毁了我上法学院的机会
1612and I was unhappy for all of an hour, but ultimately it's one of the best things that我花了一个小时不高兴 但归根结底,这是最好的一件事
1613happened to me because then I would have ended up as a lawyer.发生在我身上,因为那样我就会成为一名律师。
1614Not that I have anything against不是说我有什么反对的
1615lawyers, but it's not what I was meant to do.律师,但这不是 我本该做的。
1616You mentioned the catering job that you had a while你提到有一段时间的餐饮工作
1617back that really kicked off the whole obsession.却把整个迷恋都推开
1618That was an envy thing.这真是令人羡慕
1619When I was in high school,当我在高中,
1620I had to make some money to pay for my first semester at college and I had to get a job.我不得不赚一些钱支付 我的第一个学期 在大学,我不得不找到工作。
1621It was the summer of 1990-1991 time frame, so this was the Bush senior recession.当时是1990-1991年的夏天,所以这是布什的高级衰退。
1622If anyone who was如果有谁
1623alive back then remembers this, it was actually really hard to get a job.活着,然后记住这一点, 它实际上是很难找到工作。
1624So I ended up working所以我最后才开始工作
1625for an Indian food catering company and I ended up having to serve at a birthday party for a kid who最后我不得不在生日派对上为一个孩子服务
1626was actually in my school.实际上是在我的学校。
1627So I saw my classmates and I was out there serving food and drinks to我看见我的同学,我在外面 给大家提供食物和饮料
1628them and that was incredibly embarrassing.他们非常尴尬
1629I wanted to hide away and die right there,我想躲起来,死在那里,
1630but it's all part of the plan.但这是计划的一部分
1631It's all part of the motivation.这都是动机的一部分。
1632If I hadn't had that happen,如果我没有发生这种情况,
1633I probably wouldn't be as motivated and I wouldn't be as successful.我可能不会那么积极,也不会那么成功。
1634So it's all fine,所以一切都没事
1635but it was definitely a very strong motivator.但它绝对是一个非常强大的驱动器。
1636In that sense, envy can be useful.从这个意义上讲,嫉妒是有用的。
1637Envy can also爱慕也可以
1638eat you alive if you let it follow you your entire life, but there are points in your life吃活的,如果你让它跟随你的一生, 但你的生活有一些点
1639where it can be a very powerful booster rocket.在那里,它可以是一个非常强大的助推火箭。
1640We spoke earlier about picking a business model我们之前说过要选一个商业模式
1641that has leverage from scale economies, network effects, zero marginal cost of replication.从规模经济、网络效应、复制零边际成本中可以发挥杠杆作用。
1642There were a few other ideas on the cutting room floor that I want to go through with you.在剪机房地板上还有几个想法 我想跟你一起走
1643The first one was the principal agent problem.第一个是主要代理人的问题。
1644So mental models are all the rage.所以精神模型是所有的愤怒。
1645Everyone's trying to become smarter by adopting mental每个人都在试图通过收养精神而变得更聪明
1646models.模特儿们
1647I think mental models are interesting, but I don't think explicitly in terms of a mental我觉得心理模型很有趣 但我并不明确地认为
1648model checklist.模型清单。
1649我知道Charlie Munger知道 但我不是这么想的
1650Instead, I tend to相反,我倾向于
1651focus on the few lessons that I've learned in life over and over that I think are incredibly专注于我从生活中学到的几个教训 我认为是不可思议的
1652important and seem to apply almost universally.这一点很重要,似乎几乎普遍适用。
1653One that keeps coming up from microeconomics,从微观经济学来看,
1654because as we've established macroeconomics is not really worth spending time on, is what's called因为我们已经建立了宏观经济学 并不值得花时间
1655the principal agent problem.主要的代理问题。
1656Principal in this case is principal with a P-A-L, not P-L-E.本案的校长为P-A-L,而不是P-L-E。
1657So it's所以这是
1658not a principal that you follow.不是你们所追随的校长。
1659It's a principal who is a person.其主为人.
1660A principal is an owner and an校长是主人,而
1661agent is the person who works for the owner.代理人是为业主工作的人。
1662So you can think of it as an employee, the difference所以,你可以把它作为一个雇员, 区别
1663between a founder and an employee.在创始人和员工之间
1664I can summarize this by a famous quote that either was said by我可以用一句著名的谚语来总结这一点。
1665Napoleon or by Julius Caesar.拿破仑或者凯撒
1666It's generally attributed to either one, but he said,通常都归罪于其中之一 但他说
1667if you want it done, then go.如果你想完成,那就滚吧。
1668If not, then send.如果没有,那么发送。
1669Which is saying, if you want to do something也就是说 如果你想做点什么
1670right, do it yourself, because other people just don't care enough.好吧,你自己做, 因为其他人只是不够关心。
1671Now the principal agent problem现在的主要代理问题
1672pops up everywhere.随处涌出.
1673In microeconomics, the way that they try to characterize it is that the在微观经济学中,他们试图定性的方式是
1674principal's incentives are different than the agent's incentives.校长的奖励办法不同于代理人的奖励办法。
1675So the owner of the business所以,企业的主人
1676wants what is best for the business and will make the most money.想要最有利于生意的东西 赚的钱最多
1677The agent generally wants经纪人一般想要
1678whatever will look good to the principal, or might make them the most friends in the neighborhood or任何对校长好, 或可能让他们 朋友在附近或
1679in the business, or might make them personally the most money.或可能让他们个人的钱最多。
1680You see this a lot with hired你看这很多与雇佣
1681gun CEOs running public companies, where the ownership of the public company is distributed经营公营公司的持枪首席执行官,由公营公司拥有
1682so widely that there's no principal remaining.如此广泛,没有校长留下。
1683So nobody owns more than 1% of the company,所以,没有人拥有超过1%的公司,
1684the CEO takes charge, stuffs the board with their buddies, and then starts issuing themselves首席执行官负责,把董事会 和他们的伙伴,然后开始发行自己
1685low price stock options or doing a lot of stock buybacks because their compensation is based低价股票期权 或做大量股票回购 因为他们的补偿基础
1686directly tied to the stock price.直接与股价挂钩.
1687So agents have a way of hacking systems.所以特工们有黑客系统的方法
1688This is what make就是这样
1689incentive design so difficult.奖励设计这么难。
1690As Charlie Munger says, if you can be working on incentives, don't正如查理·芒格所说 如果你能研究激励机制 别
1691work on anything else.做点别的
1692Almost all human behavior can be explained by incentives.几乎所有人类的行为都可以通过激励来解释.
1693The study of研究
1694signaling and signals is seeing what people do despite what they say.信号和信号是看 人们做什么,尽管他们说。
1695People are much more honest人们更诚实
1696with their actions than they are with their words.他们的行为比他们的言辞还重要。
1697You have to get the incentives right你一定要得到正确的奖励
1698to get people to behave correctly.让人们的行为正确。
1699It's a very, very difficult problem because the good people这是一个非常,非常困难的问题 因为好人
1700aren't purely coin operated.不是纯粹的硬币操作。
1701They're not just looking for money.他们不只是在找钱
1702They're also looking for他们也在找
1703other things like status or meaning in what they do.其他的东西,比如地位或意义 在他们做什么。
1704Principal agent problem is the one that as a主要代理问题是一个
1705business owner, you're always going to be trying to figure out how do I make this person think like店主,你总想着 我如何让这个人觉得
1706me?我吗?
1707How do I incent them?我怎么奖励他们?
1708How do I give them founder mentality?我该如何给他们创造精神?
1709And I think you have to truly我想你必须真的
1710have been a founder to fully appreciate how important this founder mentality thing is and成为创始人 充分理解这个创始人的心态有多重要
1711what a difficult and gnarly problem the principal agent problem is.主要代理人的问题是多么困难和棘手的问题。
1712What I would say to you is if我想对你说的是,如果
1713you are a principal, you essentially want to spend a lot of your time thinking about this problem.你是校长, 你基本上想花很多时间 思考这个问题。
1714What that means is you want to take your top lieutenants and you want to be very generous意思是你想带上你的高级中尉 并且你要非常慷慨
1715with them in terms of ownership and incentives, even if they don't necessarily realize it,在所有权和激励方面 即使他们不一定意识到
1716because over time they will and you want them to be aligned with you in how they operate.因为随着时间的流逝,他们会... ...而你希望他们与你一致 他们如何操作。
1717When you do business deals, it's better to have an aligned partnership where you both have the same当你们做生意时 最好能建立 你们俩都一样的伙伴关系
1718incentives than a partnership where you got the advantage in the deal.奖励比合作 在那里你得到了优势 在交易。
1719You negotiate in such a way你这样谈判
1720that you've got the better end of the transaction because eventually the other person will figure因为最终对方会想出
1721it out or they'll be misaligned and the partnership will fall apart.要不然他们会错位 合伙人会崩溃的
1722Either way, it's not going to be不管怎么样,它不会是
1723one of those things that you can invest into with the benefits of compound interest over decades.其中一件事你可以投资 与好处 复利几十年。
1724Finally, if you're in a current role where you're an agent, you're an employee,最后,如果你在现今的角色 作为经纪人,你是雇员,
1725your most important job is to think like a principal.你最重要的工作就是像校长一样思考
1726The more you can think like a principal,你越想当校长
1727the better off you're going to be long term because it's training you how to be a principal越好,你会是长期的,因为它训练你如何做校长
1728long term and eventually you will become a principal.长期,最终你会成为校长。
1729It's also going to align you with也会让你适应
1730the principal and a good principal will then promote you or empower you or give you accountability校长和好校长将提升你的地位或赋予你权力或赋予你问责制
1731or leverage way out of proportion to what might be your menial role.或利用的方式不相称 可能是你的低级角色。
1732I'm always very impressed by我总是很佩服
1733{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}会让年轻人从队伍中晋升的创始人
1734multiple levels despite their experience.多层次,尽管他们的经验。
1735Invariably, it happens because this agent总是因为这个特工
1736who's way deep down thinks like a principal.他的内心深处 认为像校长。
1737If you can hack your way through the principal如果你能黑进主机
1738agent problem, you've probably solved half of what it takes to run a company.代理问题,你可能已经解决了一半 管理公司。
1739The reason I asked about this one first is because I feel like I personally never see我之所以先问起这个 是因为我觉得自己从未见过
1740the principal agent problem in my work.我工作的主要代理问题。
1741I tend to work in small teams where everybody is highly我经常在小队里工作 在那里每个人都很优秀
1742economically aligned and the people have been filtered for a commitment to the mission经济上趋于一致,人民已被过滤,以致力于特派团
1743and everybody else who doesn't work out moves on to another role elsewhere.其他人谁不工作 转到其他角色。
1744These are all heuristics that you have designed to avoid having to deal with the single biggest这些都是你设计的 避免面对一个最大的
1745problem in management.管理层的问题。
1746Another example of a heuristic you can have that helps you route around另一个可以帮助你绕行的热力学例子
1747the principal agent problem is to deal with the smallest firms possible.主要的代理问题是与最小的公司打交道。
1748So for example,比如说,
1749when I'm hiring a lawyer or a banker or even an accountant to work on my deals, one of the things当我雇律师、银行家、甚至会计 做我的交易时,其中一件事情
1750that I've become very cognizant about is the bigger firms, all other things equal are generally我非常了解的是大公司, 所有其他平等的东西一般
1751worse.更惨
1752Yes, they have more experience.是的,他们有更多的经验。
1753Yes, they have more people.是的,他们有更多的人。
1754Yes, they have a bigger brand.是的,他们有一个更大的品牌。
1755But what you'll find is that the principal and the agent are highly separated.但你会发现 校长和特工高度分离
1756And very often,而且经常
1757the principal will sell you and convince you to work with a firm, but then all the work will be校长会卖掉你 说服你跟律所合作 但之后所有的工作都会是
1758done by an agent who simply doesn't care as much.由一个不关心的特工干的
1759And you can end up getting substandard service.你最终会得到低于标准的服务。
1760So I prefer to work with boutiques and my ideal law firm to work with is a law firm of one.所以我更喜欢和小卖部合作 我的理想律师事务所就是一家律师事务所
1761My ideal banker to work with is a solo banker.我最理想的银行家是独家银行家
1762Now you're making other sacrifices and trade-offs现在你在做出其他牺牲和权衡
1763in terms of that person's resources and you are betting big on that person, but you've got one就他的资源而言,你赌他, 但你有一个
1764throat to choke.喉咙至咽喉.
1765There's no one else to point fingers to.指指指者无他.
1766There's nowhere to run.无处可逃.
1767The accountability问责制
1768is extremely high.绝对很高
1769If you're an agent, the best way to operate is just say, what would the founder如果你是经纪人 最好的操作方法就是说 创始人会怎样
1770do?是吗?
1771If you think like the owner and you act like the owner, it's only a matter of time until you如果你觉得自己像主人 你表现得像主人 那只有时间了
1772become the owner.成为主人。
1773Let's chat about the Kelly Criterion.我们来谈谈凯莉奖章
1774The Kelly Criterion is a very popularized凯莉·克里特利翁很受欢迎
1775mathematical formulation of a simple concept.简单概念的数学表达。
1776And the simple concept is don't risk everything.简单的概念是不要冒险
1777Stay out of jail.远离牢狱.
1778Don't bet everything on one big gamble.别把赌注都赌了
1779Just be very careful how much you bet each小心点,你们每人赌多少
1780time so you don't lose the whole kitty.时间让你不要失去整个猫咪。
1781Kelly Criterion在数学上表达 如果你是
1782because even when you have an edge, you can still lose.因为即使你有优势, 你仍然可以输。
1783So let's say you have 5149 edge.因此,让我们假设你有5149个边。
1784Every每个
1785gambler knows not to bet the whole kitty on that 5149 edge because you could just lose everything赌徒知道不要把整只小猫赌在5149边上 因为你会失去一切
1786and you don't get to come back to the average.而且你不会回到平均水平。
1787Nassim Taleb famously talks about ergodicity,纳西姆·塔莱布在著名的演讲中谈到ergodiction,
1788which is a fancy word for the simple concept that what is true for a hundred people on average这是一个花言巧语 简单的概念,什么是真实的 对于平均100人
1789isn't the same as one person averaging that same thing a hundred times.和一个人平均100次不一样
1790The easiest way to see that最容易看出来的方法
1791is by playing Russian roulette.就是玩俄罗斯轮盘
1792Six people who play Russian roulette once each and then each6个人 玩俄罗斯轮盘一次,然后每人
1793winner gets a billion dollars.赢家得到10亿美元。
1794One person ends up dead.一人终死.
1795Five people have a billion dollars versus5个人有10亿美元对
1796one person who plays Russian roulette with the same one gun six times is never going to end up一个人用同样的一把枪 玩俄罗斯轮盘6次 永远不会结束
1797a billion or is going to end up worth zero.10亿或将最终值0。
1798And so risk taking, especially when the averages are所以冒险,特别是当平均值
1799calculated across large populations is not always rational.对大量人口进行计算并不总是合理的。
1800The Kelly Criterion helps you avoid ruin.凯利标准 帮助你避免毁灭。
1801The number one way in which people get ruined in modern business is not by betting too much,人们在现代商业中被破坏的第一方式 不是赌太多
1802but it's by cutting corners and doing unethical things or downright illegal things.但是,这是通过割角 做不道德的事情 或直接违法的事情。
1803Ending up in最终进入
1804an orange jumpsuit in prison or having a reputation ruined is the same as getting wiped to zero.在监狱里穿一件橙色的外衣 或者名誉受损 和被擦成零一样
1805So这么说
1806never do those things.永远不要做那些事。
1807Let's talk about the shelling point is a game theory concept made我们来谈谈炮击点是一个游戏理论概念
1808famous by Thomas Schelling in the book called strategy of conflict, which I do recommend托马斯·舍林在书中 称为冲突策略 我建议
1809reading.阅读。
1810It's about multiplayer games where other people are responding based on what they think这是关于多人游戏 其他人根据自己的想法来回应
1811your response is.你的反应是。
1812What he came up with was the mathematical formalization of how do you get people他想到的就是数学形式化 你是如何得到人
1813who cannot communicate with each other to coordinate?谁不能互相沟通来协调?
1814Suppose that I want to meet with you,假设我想见你,
1815but I don't tell you where and I don't tell you when.但我不告诉你在哪里 也不告诉你什么时候
1816We both want to meet, but we cannot我们都想见面,但我们不能
1817communicate any more information to each other.向对方通报更多信息。
1818That would sound like an impossible problem to这听起来像一个不可能的问题
1819solve.解脱.
1820We're done.我们结束了。
1821We can't do it.我们不能这样做。
1822Not quite.没有
1823Because I know that you're a rational person因为我知道你是个理智的人
1824and smart and educated and you know I'm a rational person who's smart, we're going to start thinking聪明又受过教育,你知道我是一个理性的人 谁聪明,我们要开始思考
1825if we have to pick an arbitrary date, we're probably going to pick New Year's.如果我们必须选择一个任意的日期, 我们可能要选择新年。
1826And what time?什么时候?
1827Midnight or 12 a.m. And where would we meet?午夜或12点 我们在哪里见面?
1828What is a big meeting point?什么是重要的会议地点?
1829Well, if we're Americans,如果我们是美国人
1830it's probably in New York City.可能在纽约市
1831It's the most important city.这是最重要的城市.
1832And where in New York City will纽约市会在哪里
1833meet at midnight?午夜见面?
1834Probably Grand Central Station under the clock.可能是大中央车站在钟下。
1835Maybe you end up at the Empire说不定你到帝国去了
1836State Building, but not likely.国家大厦,但不太可能。
1837You can just use social norms to converge onto a shelling point.你可以用社会规范来接近一个炮击点。
1838There are many times in many games where you can look at the game itself, whether it's business or在许多游戏中,很多时候你可以看游戏本身,无论是商业还是商业
1839art or politics, and you can find the convergent shelling point within the context of that game.艺术或政治,你可以在这个游戏中找到交汇的炮击点。
1840You can cooperate with the other person.你可以和对方合作
1841Here's a simple example.这里有一个简单的例子。
1842Let's suppose that you have two假设你有两个
1843competing heavily with each other and they hold an oligopoly.他们互相竞争激烈 他们持有寡头垄断
1844Let's say that they're competing不如说他们在竞争
1845right now and the price fluctuates between 8 bucks and 12 bucks for whatever the service is.价格在8美元到12美元之间波动 不管服务是什么
1846Don't be surprised if they both converge on 10 bucks without ever talking to each other.若两人在10块钱上聚在一起,却从未交谈过,别感到惊讶.
1847你想谈谈Pareto Optimal吗?
1848Pareto Optimal是游戏理论与Pareto Superior的另一个概念.
1849Pareto Superior means that something is better in some ways while being equal or better in thePareto Superior的意思是,在某些方面,有些东西更好,同时在平等或更好
1850other ways.其他方式。
1851It's not worse off in any way.更无更苦.
1852This is an important concept when you're negotiating这是重要的概念 当你谈判
1853with somebody.和某个人
1854If you can make a solution Pareto Superior to where it was before,如果你能解决Pareto Superior问题 回到以前的位置
1855you will always do that.你会永远这样做。
1856Pareto Optimal is when the solution is the best that it can possibly be,帕雷托优化是当 解决方案是最好的,它可能是,
1857then you can't change it without making it worse in at least one dimension.那样你就不能改变它,不让它在至少一个维度上更糟糕。
1858There is a hard trade交易很艰难
1859off from this point forward.从这个角度出发
1860These are important concepts to understand when you're involved in a这些都是重要的概念 当你参与一个
1861This is a tweet that I have.这是我有的微博。
1862Negotiations are won by whoever cares less.谈判由谁赢得 谁不在乎。
1863Negotiation,谈判,
1864at the end of the day, is about not wanting it too badly.归根结底,就是不要太渴望它。
1865If you want something too badly,如果你想要的东西太糟糕,
1866then the other person will be able to extract more price from it.然后其他人就可以从中提取更多的价格。
1867If you do care more about如果你更关心
1868something than the other person and they are taking advantage of you in a negotiation,他们利用你来谈判
1869then your best way to deal with that is to turn it from a short-term game into a long-term game.然后,你最好的处理方式是 把它从短期游戏变成长期游戏。
1870Try to make it into a repeat game.试着把它变成一个重复游戏。
1871Try to bring reputation into line.试着让名声成形
1872Try to bring other people试着带别人来
1873in who may have a say in the future or may want to play games with this person in the future.将来谁有发言权 或者将来想和这个人玩游戏
1874An example of a very high cost, low information, single move game is having your house renovated.一个成本高,信息低,单人移动游戏的例子就是将你的房子翻新.
1875Contractors are notorious for overbooking, ripping people off, being unaccountable.承包商臭名昭著地说 订了太多房 抢走了人 毫无责任可言
1876I'm sure contractors have their own side of it.我相信承包商有他们自己的一面。
1877The homeowner has unreasonable demands.房主有不合理的要求.
1878We found problems.我们发现了问题。
1879The homeowner doesn't want to pay for it.屋主不欲报.
1880They don't understand.他们不明白
1881They're他们是
1882low information buyers.低信息买家。
1883It's a very expensive transaction.这是一个非常昂贵的交易。
1884Historically, it's been very hard从历史上来看,这很困难
1885to find good contractors and the contractor has no choice on what a good homeowner is.找到好承包商 承包商没有选择 一个好房主是什么。
1886You try to go through friends.你试图通过朋友。
1887You try to go through reputation.你试图通过名誉。
1888What you're basically基本上你是谁
1889doing there is you're trying to convert a single move expensive game with a high probability of你试图转换一个单动作 昂贵的游戏 极有可能
1890cheating on both sides into a multi-move game.两边都作弊成多动作游戏.
1891One way to do that is to say, well, actually,一个方法就是说,其实,
1892I need two different projects done.我需要完成两个不同的项目
1893So the first project we'll do together and then based on that,因此,第一个项目 我们将一起做, 然后在此基础上,
1894I'll decide if we do the second project.我会决定我们做第二个项目。
1895You can split your work up into two projects.你可以把工作分成两个项目
1896Another又一个
1897way might be I'm going to do this project with you and then I have three friends who want projects可能我要和你做这个项目 然后我有三个朋友想要项目
1898done and they're waiting to see the outcome of these projects.他们正在等待这些项目的结果。
1899Another one might be the same另一个可能是一样的
1900person operating within the same community and having a reputation in the community to protect.(a) 在同一社区内活动并在社区中享有保护声誉的人。
1901Another one could be you write them a Yelp review or a Thumbtack review.另一个可能是你写一个Yelp评论 或者一个缩图评论。
1902These are all ways of这些都是所有的方式
1903learning a single move game into a longer-term game and helping get past a position of poor学习进入长期游戏的单项动作游戏,帮助克服贫穷
1904negotiating leverage and poor information.谈判杠杆和不良信息。
1905We talked about compounding and compounding我们讨论过复合和复合
1906interest, but we didn't really dig into it that much.兴趣,但我们没有真正 挖掘它。
1907Relationships are a good example of compound关系是复合物的好例子
1908interest.利息
1909Once you've been in a good relationship with somebody for a while, whether it's business一旦你和别人有一段好关系 不管是生意
1910or it's romantic, life gets a lot easier because you know that person's got your back.或者很浪漫 生活会变得更容易 因为你知道那个人会支持你
1911You don't你没有
1912have to read the legal contracts.必须读法律合同。
1913Maybe we don't even need to create legal contracts.也许我们甚至不需要订立法律合约
1914Maybe we can也许我们可以
1915actually do it on handshakes.其实是在握手的时候
1916That kind of trust makes it very, very easy to do business.这种信任使它非常,非常容易做生意。
1917If Nivi如果尼维
1918and I start another company, I know that if things aren't working out, we're both going to be extremely我创立了另一个公司, 我知道如果事情不顺利, 我们都会变得非常
1919reasonable about how to go about it, how to exit out of it, how to shut it down, or even if we're合理如何进行,如何退出,如何关闭,甚至我们
1920scaling it, how to bring in new people.放大它,如何引进新的人。
1921At this point, we have mutual trust and that allows us to此时此刻,我们相互信任,从而使我们能够
1922start businesses more easily and almost compounds the effect, especially when you're dealing with更轻松地创办企业 并且几乎会增加效果 特别是当你面对
1923something like a startup, which is so difficult to pull off.有点像启动器 很难成功
1924Removing these frictional mechanisms消除这些摩擦机制
1925can actually often be the difference between success and failure.事实上,这常常是成功与失败的区别。
1926I think the number one most我觉得第一
1927under recognized reason startups fail is because the founders fall apart.在公认的理性下,启动失败是因为创始人崩溃了.
1928There's a couple non-intuitive things about compounding.有一些非直觉的东西 关于复合。
1929The first one is that most of the第一个是大多数
1930benefits of compounding comes at the end of the compounding.化合物的好处来自化合物的结尾。
1931You may not necessarily see the huge你可能不会看到巨大的
1932benefits of it upfront.利益是先发制人。
1933There was a good quote from an article that Sam Altman wrote where he萨姆·阿尔特曼写的一篇文章中有一句好话
1934said, I always want it to be a project that, if successful, will make the rest of my career look说,我一直希望它是一个项目, 如果成功, 将使我的余生看起来
1935like a footnote.像一个脚注。
1936Again, that just goes back to the idea that most of the benefits of compounding再说一遍,这又回到了一种想法, 即复合的多数好处
1937at the end.在结尾。
1938The other thing that's a little non-intuitive about compounding is that I think另一种对复合体有点不直观的东西是,我想
1939it's better to have a few deep compounding relationships with people instead of a large最好和人保持一些深厚的复合关系 而不是大关系
1940amount of non-compounding relationships.非合并关系的数量。
1941One of the under realized things in business is企业中一个未实现的东西是
1942that it takes just as much effort to create a small business as it does to create a large business.创建小企业和创建大型企业同样需要努力。
1943Whether you're Elon Musk or whether you're the guy running three Italian restaurants in town,不管你是伊隆·穆斯克 还是你镇上三个意大利餐馆的老板
1944you're working 80 hours a week, you're sweating bullets, you're hiring and firing people,你每周工作80小时, 你流着汗的子弹, 你雇用和解雇人,
1945you're trying to balance the books.你试图平衡书籍。
1946It's highly stressful and it takes years and years of your压力很大,你需要很多年
1947life.活着
1948But in one case, you get companies that are worth $50, $100 billion and the adulation of但有一次,你得到的公司 价值500,1000亿美元 和标注
1949everybody.每个人。
1950And the other hand, you might make a little bit of money and you've got some nice另一只手,你可能赚到一点钱,而且你有些好东西
1951restaurants.餐厅。
1952So think big.所以想大点。
1953Are there any other microeconomic concepts outside of zero marginal除零边际外,还有其他微观经济概念吗?
1954cost of replication and scale economies that are important for people to understand?复制成本和规模经济对人们了解很重要?
1955Price discrimination is an important thing to understand.价格歧视是了解的一个重要问题。
1956What it means is that you can这意味着你可以
1957charge people different things based on their propensity to pay.根据人们付费的倾向 向他们收取不同的费用
1958Now, you're not allowed to现在,你不允许
1959charge different people different things just because you don't like them.给不同的人收费 是因为你不喜欢他们
1960You have to offer你必须提供
1961them a little something extra, but it has to be something that rich people care about.他们有一点额外的东西, 但它必须是一些 富人关心的东西。
1962Business商业
1963class seats will routinely cost five or 10 times what an economy class seat does, but it probably班级座椅通常要花费 经济舱座椅的五到十倍 但也许
1964costs the airline just two, maybe three X to provide that.航空公司只花了两个,也许三个X来提供。
1965It's just the rich person is more只是有钱人比较多
1966willing to pay.愿意付钱
1967So you have to give them the little things that they need extra to either signal所以,你必须给他们一些小东西 他们需要额外的信号
1968they're rich or that little bit of comfort that they want.他们很有钱 或者他们想要的一点安慰
1969Price discrimination gets used a lot价格歧视经常被利用
1970in enterprise software where you have a freemium product.在企业软件中,你有一个免费产品。
1971The free version will do almost everything,免费版几乎能做一切
1972but then if you want the version that's a little extra secure or hosted on your site但是如果你想要这个版本 是一个额外的安全 或主机在你的网站
1973or has multi-user administration so the IT person can monitor everything that's going on,或拥有多用户的管理, 这样IT人员可以监视一切 正在发生的,
1974you'll suddenly find yourself paying 10, 100, or infinite times as much as you go from a free你会突然发现自己支付10,100, 或者无限倍 你从免费
1975product to a price product.产品到价格产品。
1976Another good concept is consumer surplus and producer surplus,另一个很好的概念是消费者盈余和生产者盈余,
1977which is the excess value that somebody gets.这是别人的多余价值。
1978Even though they were willing to pay more,即使他们愿意付出更多
1979the product was priced the same for everybody.产品价格对每个人都一样
1980I get a lot of joy out of my morning coffee.我从早上的咖啡中得到很多快乐
1981Obviously, I've made some money.显然,我赚了一些钱。
1982If my coffee cost $20, I would pay $20 for my morning coffee,如果我的咖啡花费20美元, 我会支付20美元 我的早晨咖啡,
1983but Starbucks doesn't know that.但星巴克不知道这一点。
1984It can't price the coffee at $20 just for me because it's selling20块的咖啡不能因为卖掉就卖掉
1985the exact same product, so I'm getting a lot of consumer surplus out of the coffee.同样的产品, 所以我得到很多 消费者剩余咖啡。
1986All businesses所有企业
1987generate consumer surplus.产生消费者盈余。
1988It's a good thing to keep in mind when someone's harping about how evil当有人在谈论邪恶时 记住这是好事
1989companies are.企业是。
1990Amazon might be a trillion dollar company, but I will bet you they're generating亚马逊可能是一个万亿的公司, 但我敢打赌,他们正在创造
1991trillions of dollars in consumer surplus through convenience and willingness to pay.通过方便和愿意支付,消费盈余达到数万亿美元.
1992There are a有个
1993lot of people who are willing to pay more than what Amazon charges them for all their services.许多人愿意付出比亚马逊收取的 更多的服务费
1994Let's talk about NPV.让我们谈谈NPV。
1995NPV is just the net present value of something.NPV只是某物的净现值.
1996It's when you say是你说的
1997that stream of payments I'm going to get in the future, what is that worth today?我将来会得到的薪水 今天值多少钱?
1998So a common example of this is you're joining a startup company and you're getting stock options所以一个常见的例子就是 你加入了一家创业公司 你得到了股票期权
1999and the founder says, well, this company is going to be worth a billion dollars and I'm giving you创始人说,这家公司要值十亿美元,我给你
20000.1% of the company.企业的0.1%.
2001Therefore, you're getting a million dollars worth of stock.因此,你得到价值一百万的股票。
2002What he or他还是
2003she's arguing is what it's going to be worth in the future.她的争论是未来值得的
2004You have to discount that back to你得把那个还给
2005today.今时.
2006You have to figure out what is that worth today and you have to apply a discount rate or你要知道今天值多少钱 还要贴现率
2007an interest rate that takes into account the massive risk that startups face.利率考虑到创业企业面临的巨大风险。
2008What you'll你会怎样?
2009end up with is the price that it's worth today and that's the price at which a venture capitalist最后是今天的价钱 也是风险投资家的价钱
2010would invest in the company today.今天会投资公司。
2011So if that founder just raised around at 10 million dollars所以,如果创始人刚刚筹集了大约1000万美元
2012and that company is only worth 1% of what the founder is arguing, your million dollar package那家公司只值创始人争论的1% 你那百万的包裹
2013is actually worth 10,000 dollars.实际上价值一万美金
2014So NPV calculations at a very rough level,所以NPV的计算非常粗略
2015you should be very comfortable doing in your head.你脑子里应该很舒服
2016What's a mispriced externality?何谓偏价外道?
2017You mentioned你说过
2018that at some point during our podcast.在我们播客的某个时候
2019An externality is when there is an additional cost外在性就是增加成本
2020that is imposed by whatever product is being produced or consumed that is not accounted for由任何正在生产或消费但没有核算的产品强加的
2021in the price of the product.在产品的价格。
2022Sometimes you can fix that by putting the price back into the product.有时候你可以把价格放回产品里来解决这个问题。
2023One of the most ardent ways people attack capitalism these days is that it's destroying最近人们最热衷于攻击资本主义的方法之一 就是它正在毁灭
2024the environment.环境。
2025And if you throw away capitalism because it's destroying the environment,如果你放弃资本主义 因为它正在破坏环境
2026then guess what?你猜怎么着?
2027We're all headed back to pre-industrial times.我们都回到了工业前期
2028It's not going to be a它不会是一个
2029good thing.好东西
2030So rather, there is an externality because the environment is finite, the environment因此,有外在性 因为环境是有限的,环境
2031is precious, and we have to price it properly and fold it back in.是珍贵的,我们必须适当定价 并折叠回来。
2032If people are wasting water or如果人们浪费水或
2033putting hydrocarbons in the atmosphere or polluting things, you want to charge them what it costs to将碳氢化合物放入大气层或污染物质,你想收取它们的成本
2034clean up that pollution and return it to a pristine state.清理污染,恢复到原始状态.
2035Perhaps that price has to be very, very,也许这个代价必须非常,非常,
2036very high.相当高。
2037If you raise that price high enough, you knock out pollution.如果你把价钱涨得够高 你就能消除污染
2038It's much better than这比
2039{\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}我们只是禁用塑料袋 {\fn黑体\fs22\bord1\shad0\3aHBE\4aH00\fscx67\fscy66\2cHFFFFFF\3cH808080}我们要说不要
2040showers on Saturdays and Sundays when we're having a drought.周六和周日的淋浴,当我们发生干旱。
2041California likes to run declarations加州喜欢做申报
2042and ads to scare you into not taking showers and times when there's a drought when it would be just和广告吓你不要洗澡 和时间 当有干旱,这将是公正的
2043better to raise the price of fresh water.最好是提高淡水的价格。
2044Your average consumer might pay a few pennies more for你一般的消费者可能要多付几分钱
2045a shower, but then the almond farmers who consume a lot of the water will cut back on using fresh喝了很多水的杏仁农 就会用新鲜的
2046water and almond farming may move to a part of the country where water is more abundant.水和杏的耕作可能转移到水比较丰富的国家的一部分。
2047Properly pricing externalities can save resources in a tremendous way.适当定价外在因素可以极大地节省资源。
2048It's a good framework to这是一个很好的框架
2049think about how to be effective when you want to do things like save the environment rather than思考如何有效 当你想要做的东西,比如 拯救环境而不是
2050things that won't actually amount to anything.没有什么意义
2051One of the most common questions we get from people我们从人那里得到的最常见问题之一
2052is how do I get the time to start investing in myself?我怎么会有时间开始投资自己?
2053I have a job.我有一个工作。
2054I'll kick off the answer我会踢出答案
2055with one of the tweets from the cutting room floor where you said, you will need to rent your time to用剪切室的一条推文 在那里你说,你需要 租你的时间
2056get started.开始吧
2057This is only acceptable when you are learning and saving, preferably in a business where这只有在你学习和储蓄时才能被接受,最好是在企业中
2058society does not yet know how to train people and apprenticeship is the only model.社会尚不知道如何培训人,学徒是唯一的模式。
2059You're going to你会
2060have to work starting out unless you happen to be born rich, in which case you probably won't have要开始工作 除非你碰巧生来就有钱了 否则你可能不会有
2061the motivation to make money in the first place.最初赚钱的动机。
2062If you're going to do the work, join a business如果你要做这个工作, 加入一个企业
2063where apprenticeship matters.学徒问题。
2064Warren Buffett went and tried to work for Benjamin Graham straight沃伦·巴菲特去为本杰明·格雷厄姆工作
2065with school to learn how to be a value investor and he offered to work for free and Ben Graham said,在学校学习如何成为价值投资人 他主动提出免费工作 班·格雷厄姆说
2066you're overpriced.你太贵了
2067It's true in that these apprenticeship businesses, you're probably这些学徒生意,你可能
2068making a sacrifice in terms of short-term career to work there, but try to learn something where以短期职业为代价去那儿工作 但试着学点什么
2069people haven't quite figured out how to teach it yet.人们还没有想好怎么教它
2070That can happen if you're working in a如果你在医院工作,那就有可能
2071field that is brand new and quickly expanding, so no one has figured it out or it's a field that's所以没人能想明白 或者是这个领域
2072very circumstantial where the details really matter and it's always moving.在细节真正重要的地方 非常间接 它总是在移动
2073For example,举例来说,
2074fund investments or investing in general is one of those skills.资金投资或一般投资就是这些技能之一。
2075Entrepreneurship is one of those创业是其中之一
2076skills.技术。
2077One of the most coveted jobs that's come up in Silicon Valley in the last half decade or so这是过去半年里 硅谷最贪婪的工作之一
2078is being a chief of staff or an entrepreneur where the brightest young kids will follow the身为幕僚长或企业家 最聪明的孩子会跟随
2079CEO or the entrepreneur around and do whatever that person needs them to do.首席执行官或企业家 随他们需要做什么
2080In many cases,在许多情况下,
2081they were overqualified for the position.他们的任职资格过高
2082You may have someone who has two graduate degrees你也许有个人有两个研究生学位
2083who is essentially running the CEO's laundry for that day because that's the most important他主要经营CEO的洗衣店 因为那是最重要的
2084thing that needs to be done, but at the same time, they're also going to be sitting in all the highest但与此同时 他们也会坐在最高层
2085end staff meetings.结束工作人员会议。
2086They can be privy to all the venture fundraising decks and all the stress and他们可以进入所有 风险筹款甲板 和所有的压力和
2087theatrics, innovation and knowledge that can only come from being next to the entrepreneur戏剧、创新和知识,只有靠企业家才能产生
2088because the entrepreneur is willing to do anything and everything to make their company successful因为企业家愿意做任何事情和一切 让他们的公司成功
2089and the chief of staff is accompanying them and learning.幕僚长陪同他们学习。
2090Now, obviously, this is very Silicon很明显,这是非常硅
2091Valley-centric tech company advice.谷心科技公司建议.
2092If you are currently stuck in a normal job and you don't如果你现在被困在正常的工作里,你不会
2093have the opportunity to learn an apprenticeship model and you need to make money, then go ahead有机会学习学徒模式 你需要赚钱,然后继续
2094and do that job, but even within the context of that job, try to be innovative, sign up to take并做那份工作, 但即使在这份工作的范围内, 尝试创新,
2095new challenges, new responsibilities, find the part of the job that has the steepest learning curve.新的挑战,新的责任,找到工作最陡峭的学习曲线。
2096What you're really trying to avoid is repetitive drudgery.你真正想要避免的是重复的劳累。
2097Repetitive drudgery doesn't serve重复劳累是没用的
2098anybody.谁都行
2099Then you're essentially just counting the time until your job is automated away.那你基本上只是在计算你的工作自动化之前的时间
2100Even if you're a barista at the coffee shop, try to figure out how to make connections with the就算你是咖啡店的女律师 也想个办法
2101customers.顾客
2102Try to figure out how to innovate on what you're offering them on your basic service试着找出如何创新 你在基础服务上提供什么
2103and delight the customer.并喜欢顾客。
2104What will happen is managers, founders, owners, they notice.会发生什么是管理者,创始人,所有者,他们注意到。
2105The hardest thing for any founder is to find people who will work with them who have founder任何创始人最难的就是找到 与创始人合作的人
2106mentality.心态。
2107That's just a fancy way of saying they care enough.那只是说他们足够在乎的妙法
2108What most people will say,大多数人会说什么,
2109well, I'm not the founder.我不是创始人。
2110I'm not being paid enough to care.我没有得到足够的报酬去关心。
2111Actually, you are.实际上,你是。
2112The knowledge知识
2113and the skills that you gain by having founder mentality set you up to be a founder down the以及你从创始人心态中获得的技能 让你成为创始人
2114line and it pays you in that sense.和它支付你在这个意义上。
2115You can get a lot out of almost any position.你可以得到很多 几乎从任何位置。
2116You just have to你只需要这样
2117put a lot into it.投入了很多东西
2118If I'm working a job and I want to figure out if I should get accountability,如果我在工作 我想弄清楚我是否该接受问责
2119judgment, specific knowledge, leverage, it sounds like you're saying the one thing to optimize for判断,特定的知识,杠杆, 听起来你是在说 唯一可以优化的东西
2120is specific knowledge out of all those things if you can.如果可以的话,是所有这些事物中的具体知识。
2121Judgment takes experience, takes a lot判断需要经验,需要很多
2122of time to build up.时间积累。
2123You have to put yourself in positions where you can exercise judgment.你必须让自己处于可以行使判断力的位置.
2124That'll那会
2125come from taking on accountability.来自于承担责任。
2126Leverage is something that society gives you much later.杠杆是社会以后给你的
2127Once you've demonstrated your judgment, unless you learn a code or you become good with media,一旦你展现了你的判断, 除非你学习一个代码或 你变得好与媒体,
2128these are permissionless leverage.这些是无授权的杠杆。
2129Leverage comes later.利弗瑞格会来
2130Judgment comes later.判决在后.
2131Accountability,问责制,
2132you can take on immediately.你可以马上接受
2133You can say, hey, I'll take charge of this thing that nobody wants to你可以说,嘿,我负责这件事 没有人想
2134take charge of.负责。
2135Accountability is where you can step up, but then you're publicly putting your neck问责制是你们可以挺身而出的地方,但你们要公开下手
2136on the chopping block, so you have to deliver.在切碎块, 所以你必须交付。
2137Specific knowledge gets built up by taking on掌握具体知识
2138accountability for things that other people don't know how to do and that perhaps you enjoy doing对别人不知道怎么做的事情 负责,也许你喜欢做
2139or you're naturally inclined towards doing.或者你自然倾向于做。
2140You could be working in a factory and it may turn out你可以在工厂工作,结果可能
2141that the hardest thing in the factory is knowing how to raise capital to keep the factory running.工厂里最难的是知道如何筹集资本来维持工厂的运作.
2142That's what the owner of the factory is always stressed out about.工厂老板总是强调这一点.
2143If you notice this and you're如果你注意到这一点,你是
2144I'm good at balancing my checkbook and a good head for numbers and I'm good at watching money,我擅长平衡我的支票簿 和良好的头数 我擅长看钱,
2145but I haven't really raised money before.但我以前没有真的筹到钱
2146You offer your help and become the owner's sidekick你愿意帮忙,成为老板的帮手
2147in that regard.在这方面。
2148You help solve their biggest problem.你帮助解决他们最大的问题。
2149You'll become the heir apparent.你会成为继承人
2150Early on, find things where you have any interest and take on accountability.早点发现你有兴趣的地方 接受问责
2151Don't worry about别担心
2152short-term compensation.短期补偿。
2153If you dive into the edge of knowledge, which nobody knows how to solve,如果你潜入知识的边缘, 没有人知道如何解决,
2154and you solve the hard problems taking on accountability, people will line up behind你解决了责任追究的难题 人们会排在后面
2155you.你们
2156The leverage will come.杠杆会来
2157There are a couple other related tweets to this topic from the也有几则其他相关推文,
2158cutting room floor that I'll read out.剪掉房间地板,我会读出来。
2159First, the technology industry is a great place to acquire首先,技术产业是获得
2160specific knowledge.具体知识。
2161The frontier is always moving forward.边疆始终在前进.
2162If you were genuinely intellectually如果你是真正的知识分子
2163curious, you will acquire the knowledge ahead of others.好奇的是,你会先获得别人的知识
2164Real technology is around us everywhere.真正的技术在我们周围到处都是。
2165The spoon was technology once.勺子曾经是技术
2166Fire was technology once, but once we figured out how to make it work,火曾经是技术 但一旦我们想出办法
2167it disappeared in the background and became part of our everyday lives.它在背景中消失 成为我们日常生活的一部分
2168Technology is by definition the intellectual frontier.技术顾名思义是知识前沿.
2169It's taking the things that are这需要的东西是
2170recent from science or from culture that we have not yet figured out how to mass produce,最近从科学或文化 我们还没有想出 如何大规模生产,
2171and it's figuring out how to commercialize it, how to make it available to everybody.它正在研究如何将其商业化, 如何向所有人提供。
2172Technology will always be where you can pick up specific knowledge that is valuable to society技术将永远是能够获取对社会有价值的具体知识的地方
2173that doesn't quite understand yet.还不太明白
2174For example, if I become a world-class expert in machine learning例如,如果我成为世界一流的机器学习专家
2175just when machine learning is starting to take off and I got there through my genuine intellectual当机器学习开始起飞, 我到达那里 通过我真正的智力
2176interest and I bet my career on it, I'm going to do really well.我敢打赌,我的职业生涯, 我会做得很好。
2177But 20 years from now,但20年后,我们开始
2178machine learning may be second hat.机器学习可能是第二顶帽子。
2179There are also timeless forms of specific knowledge.具体知识也有永恒的形式.
2180For example, if you're good at persuading people, it's probably a skill that you picked up early on举例来说,如果你擅长说服别人, 这可能是你早期学会的技巧
2181life.活着
2182It's always going to apply because persuading people is always going to be valuable.它总是会适用,因为说服人们总是有价值。
2183This is one of those skills that's generic.这是普通技能之一。
2184It probably alone is not enough to build a career on.光靠它可能不足以维持事业。
2185It needs to be combined a skill stack.它需要结合一个技能堆。
2186You might combine persuasion with accounting combined with你可以把说服和会计结合起来
2187understanding, for example, semiconductor production lines, and now all of a sudden,例如,理解半导体生产线, 现在突然,
2188you're the best semiconductor salesperson that becomes the best semiconductor company CEO.你是最佳半导体销售员 成为最佳半导体公司CEO
2189There are timeless specific knowledge skills.拥有永恒的具体知识技能。
2190Those are skills I would say that can pretty这些都是技能,我会说,可以漂亮
2191much never be taught.从来没有教过多少
2192And then there are timely specific knowledge skills which come and go.然后有及时的具体知识技能 来来去去。
2193But even those tend to have fairly long shelf lives of decade or two decades or three decades.但是,即使是那些国家也往往有相当长的十年、二十年或三十年的保存寿命。
2194So technology is a good place to find those specific skill sets.技术是找到这些特殊技能的好地方。
2195And if you can bring in如果你能带来
2196a more generic specialized knowledge skill sets.一套更通用的专门知识。
2197The other tweet from the cutting room floor was另一则剪切室的推文是
2198related to accountability in companies.与公司问责制有关。
2199It said companies don't know how to measure outputs,它说公司不知道如何衡量产出,
2200so they measure inputs instead.故他们衡量投入。
2201Work in a way that your outputs are visible and measurable.工作方式,使您的输出是可见和可测量的.
2202If you don't have accountability, do something different.如果你没有责任,就做别的事.
2203The entire structure of rewarding people comes from the agricultural and industrial age where奖励人的整个结构来自农业和工业时代。
2204your inputs and your outputs matched up very closely.您的投入和产出非常接近。
2205The amount of hours that you put into你投入的小时数
2206doing something was a good rough proxy for what kind of output you were going to get.做一些事情 是一个很好的粗糙的代名词 对于什么样的产出 你会得到。
2207Today it's extremely non-linear.今日极非线性.
2208One good investment decision can make a company 10 or 100一个好的投资决定可以让一个公司10或100
2209million dollars.百万块。
2210One good product feature can be difference between product market fit and complete一个良好的产品特征是产品市场合适和完整的区别
2211failure.失败。
2212So judgment and accountability matter much much more.因此,判断和问责制更为重要。
2213And you want the accountability你却要负责
2214because sometimes the best engineers or the best salespeople are the ones who don't work very hard因为有时候最好的工程师或者最好的推销员 就是那些不努力工作的人
2215but then they'll ship that one critical product at just the right time or they'll make that one但是他们会在适当的时候运送关键产品 否则他们就会制造
2216sale or that one huge deal that will make the company or at least make the numbers for the卖掉,或者做一个大交易 让公司或至少做数字
2217quarter.4个季度。
2218It's very important that people are able to tell that you had a role in that.非常重要的是,人们能够告诉 你在这个角色。
2219That doesn't不是这样的
2220mean that you stomp all over your team.意思是你踩遍了你的队伍
2221Humans are extremely sensitive to people who take too much人类对吃太多的人非常敏感
2222credit.信贷。
2223So you do want to be the kind of person that is always giving out credit but the smart所以,你确实想成为那种 总是给予信用的人 但聪明人
2224people will know who was responsible.人们会知道是谁干的
2225There are jobs where you're not customer facing enough,有些工作你不够面对客户
2226you're kind of a cog in the machine and you sacrifice accountability to some degree.你是机器里的一窝,你牺牲了某种程度的责任。
2227An example is when you're a consultant.一个例子是当你是顾问。
2228As a consultant often you're giving the best ideas作为一名顾问 你经常给出最好的主意
2229and the best outcome but it's being delivered through some person who's working within the和最好的结果,但它正在交付 通过某人 谁在工作在
2230organization.组织。
2231At that point you may not have visibility to the top people in the organization那时你可能对组织的高层人物没有知名度
2232but you may be hidden behind a screen and that's just a trade-off that you're making in exchange但你可能藏在屏幕后面 那只是交换交换
2233for your independence as a consultant because you're not willing to play the corporate rat race为你独立当顾问,因为你不愿意参加大公司大赛
2234or the corporate ladder game.或者企业的梯子游戏。
2235Realize that with accountability you can get a lot more credit when有了责任心 你就能得到更多的信用
2236things go right.事情进展顺利
2237Of course the downside is you get hurt a lot more when things go wrong.当然,坏处是 当事情发生时,你更会受到伤害。
2238You stick你坚持
2239your neck out you have to be willing to be blamed, sacrificed and even attacked.你的脖子要被责备 牺牲甚至攻击
2240So if you're the所以,如果你是一个
2241kind of person that thrives in a high accountability environment you're naturally also going to end up那种在高度负责的环境下蓬勃发展的人 你自然也会最终
2242very thick skin over time.一段时间以来皮肤很厚
2243You're going to get hurt a lot.你会经常受伤的
2244People are going to attack you if you fail.如果你失败了 人们会攻击你
2245If you're working a job I think you can apply a lot of the principles of the tweet storm inside如果你在工作 我想你可以把推特暴风雨的原理应用进去
2246the job like we just discussed including other ones like partnering with rational optimists.就像我们刚刚讨论过的工作 包括其他的,比如与理性乐观主义者合作
2247You can find people in the organization who are optimistic and rational that have energy,你可以在组织里找到 乐观和理性的人 有能量,
2248integrity and intelligence.正直和聪明
2249The flip side of this is that once you get some specific knowledge翻转的一面是 一旦你得到一些特定的知识
2250one way to scale it is to start training apprentices that you can then outsource一种方式是开始训练学徒 然后外包
2251some of your tasks to.一些你的任务。
2252For example I made a bunch of good investments and I figured out a比如,我做了一堆好投资 我发现
2253little bit here and there about the venture business and I could keep doing that.一点点在这里和那里 关于风险业务 我可以继续这样做。
2254I could我会
2255keep just investing as an investor but instead I co-founded this project called Spearhead where继续投资,作为投资人 但我共同创办了这个名为"先锋"的项目
2256we train up-and-coming young founders to also become angel and venture investors and we give我们培养新颖的年轻创始人 同时成为天使和风险投资人
2257them a checkbook.他们有一个支票簿。
2258It's an apprenticeship model.这是一个学徒模式。
2259They come to us with specific deals that they're他们来我们这里有具体交易
2260looking at and we help them think through every unique situation and we basically apprentice them看,我们帮助他们思考 每一个独特的情况 我们基本上学徒他们
2261under us to learn the venture business and it's much more scalable.在我们的下层学习 冒险业务 它更可扩展。
2262We have classes and talks where我们有课和谈话的地方
2263we kind of tell them what we know and then there are office hours when they actually bring in the我们告诉他们我们所知道的 然后有办公时间 当他们真正带来
2264deals and they talk to us about specific deals and it turns out the classes and talks are largely他们和我们谈具体交易 结果发现课和谈话基本上都是
2265worthless.没用
2266You can give all the generic advice you need to give in about an hour and then after你可以在一小时后给出你需要的所有一般建议
2267that all the additional advice is sort of circumstantial that essentially cancels to zero所有补充建议都是间接的 基本上取消为零
2268if you try to give it in some top-down fashion but the office hours are incredibly useful.如果你试图以某种自上而下的方式给出, 但办公时间是令人难以置信的有用。
2269It just reinforces that this is one of those skills that can only be learned on the job它只是强调,这是这些技能之一 只能在工作上学习
2270and when you find a skill that can only be learned on the job by doing it that is a good indicator当你找到一种只能通过工作来学习的技能时,那就是一个很好的指标
2271that you're dealing with specific knowledge.你正在处理具体的知识。
2272Another good indicator with your dealing with另一个很好的指标 你处理
2273knowledge is when you ask the person who's doing it what do you do every day and they can't give知识是当你问谁这样做 你每天做什么 他们不能给
2274you a straight answer or it's something on the lines of well every day is different based on直接回答,否则每天井里的东西 都不同
2275what's going on that's a good indicator you're learning specific knowledge.到底发生了什么,这是一个很好的指标 你正在学习特定的知识。
2276The thing is so事情是这样的
2277complicated and it's so dependent upon circumstances that it can't be boiled down事情很复杂 情况很复杂 无法煮熟
2278into a textbook form or communicated by a make money consultant.以教科书形式或由赚钱顾问通报。
2279The mafia figured out this黑手党发现了这个
2280apprenticeship model a long time ago the best way to end up running one of the families was很久以前的学徒模式 最终管理一个家庭的最好办法是
2281to become the driver for the dawn of one of the families.成为其中一家人黎明的车手
2282It's a complicated business.这是一个复杂的业务。
2283Tony东尼
2284Soprano said I'm a businessman who has to enforce my own contracts.索波诺说,我是一个商人,必须执行我自己的合同.
2285Very complicated business.非常复杂的生意。
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