My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“Smart does not equal wise and the goal is wise not smart”
What It Means
Good judgment and prioritization are more valuable than raw intelligence or analytical ability
Why It Matters
Helps focus on developing better decision-making skills rather than just accumulating more information
When It's True
When facing complex life decisions where multiple smart people disagree or when competing priorities require clear judgment
When It's Risky
Could be used to justify anti-intellectual positions or dismiss important expertise and analysis
How to Apply
Focus on developing decision-making frameworks over accumulating more information
Prioritize learning from people with good judgment track records
Ask 'what would a wise person do?' rather than 'what would a smart person do?'
Example Scenario
“Instead of analyzing 50 different investment options, wise investor chooses simple index fund strategy and focuses time on building their business where they have better judgment.”