Entrepreneurship

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.

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