#07 - Erik Torenberg thinks we should build career moats

Play your own game where no one can compete with you

Find the thing that looks like work to others, but feels like play to you, in order to gain a competitive advantage

Constantly be searching for the asymmetric bets both in life and businessAlways be asking – “What can I do that has little downside but if it works out, can have a huge payoff?”

Besides – people are more apt to remember your successes, not your failures

Even if you create a startup that fails, you’ll:-Get a great education-Learn about growing a business first-hand-Be more respected by peers for taking a risk and pursuing a dream-Have built a network in the process-If you’re young, take asymmetric business risks

Your goal should be to look smart at the end of your journey, you don’t have to look smart at every step of your journey

“Don’t play the rat race unless you’re the fastest rat”

How did Erik find his personal strengths?-He sent out an email to about 100 people asking “What am I good at and what am I not good at?”-Their answers: Good with people, building relationships, connecting with others, and being scrappy/persistent