Entrepreneurship

High agency is such an important idea because the more agency an individual or society has -- the more problems they can solve.

High agency can be a confusing idea to understand because it’s not just one idea. It’s a combination of three distinct skills rarely found together:

1. Clear thinking


2. Bias to action


3. Disagreeability

Duration is the final filter. People chasing rewards leave when rewards dry up. Sustained obsession can’t be faked. If you do fake it long enough to become indistinguishable from someone who has it, you’re not faking anymore.

I have yet to find a single writer who’s grown a serious following without some kind of niche.

That doesn’t mean boxing yourself in. It means starting with something clear enough for people to get what you’re about, and specific enough for the right readers to find you.

The first six months are for you. Experiment like crazy. Write about anything.... See more

Cantillon argued that the origin of entrepreneurship lies in the lack of perfect foresight individuals have about the future. Rather than consider this lack of foresight a defect of the market system, Cantillon accepted it as part of the human condition. Uncertainty is a pervasive fact of everyday life, and those who must deal with it continually... See more