9 sources of permanent advantage.

Nine sources of durable edge, worth returning to:

• Raw talent/intelligence — some people are just naturally better and smarter.
• Hard work — some people work harder.
• Differentiation — seeing the world differently. Doing something different. Reading different books. Interpreting the same information differently.
• Process / discipline — creating a process and following it. Working out every day is a great example.
• Talent collector — the ability to hire the best people and get the most out of them.
• Patience — a lack of patience changes the outcome.
• Ability to take pain — are you willing to look like an idiot to get better? How much risk are you willing to take, and importantly, can you handle the losses?
• Temperament — keeping your head when everyone else is losing theirs.
• Luck.

Source: Farnam Street, as shared by Kuldeep.

Originally published by Kuldeep Sikarwar on his blog, kuldeepsikarwar.com, August 27, 2023.