My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Wisdom as the Limiting Factor
Recognizing that good judgment and decision-making ability are more valuable and scarce than raw intelligence or hard work.
Decision Rule
When choosing between options, prioritize the choice that requires less intelligence/effort but better judgment over options that require more intelligence/effort but poor judgment.
How It Works
Good judgment acts as a multiplier on all other capabilities, while poor judgment can negate even exceptional intelligence and work ethic.
Failure Modes
Using this to justify lazy thinking or analysis
Overvaluing intuition without supporting evidence
Dismissing expertise in favor of 'common sense'
Example Decision
“Instead of working 80 hours/week on multiple projects, choose to work 40 hours on the single highest-leverage opportunity that aligns with long-term goals.”