How to Get Rich: Every Episode

When you have been doing business with somebody, you’ve been friends with somebody for ten years, twenty years, thirty years, it just gets better and better because you trust them so easily. The friction goes down, you can do bigger, and bigger things together. For example, the simplest one is getting married to someone, and having kids, and raisin

Essentially, all the benefits in life come from compound interests. Whether it’s in relationships, or making money, or in learning.

Society will pay you for creating what it wants and delivering it at scale

Because the world is a very efficient place, so, everyone has dug through all the obvious places to dig and so to find something that’s new and novel and uncovered, it helps to be operating on a frontier. Where right there you have to be a little eccentric to be out on the frontier by yourself, and then you have to be willing to dig deeper than oth

Again I’m talking about ethical wealth creation. I’m not talking about monopolies. I’m not talking about crony capitalism. I’m not talking about mispriced externalities like the environment. I’m talking about free minds, and free markets. Small-scale exchange between humans that’s voluntary, and doesn’t have an outsized impact on others.

I don’t think capitalism is evil. Capitalism is actually good. It’s just that it gets hijacked. It gets hijacked by improper pricing of externalities. It gets hijacked by improper yields, where you have corruption, or you have monopolies.