🔎 (How to) Find and build specific knowledge 🔍 (#38)

💰 Wealth Z 💰

Specific knowledge is found much more by pursuing your innate talents, your genuine curiosity, and your passion. It's not by going into whatever field investors say is the hottest. 

Very often, specific knowledge is at the edge of knowledge. It's also stuff that's only now being figured out or is really hard to figure out. If you're not 100 percent into it, somebody else who is 100 percent into it will outperform you. And they won't just outperform you by a little bit-they'll outperform you by a lot because now we're operating the domain of ideas, compound interest really applies and leverage really applies. 

Easy way out of competition 

Escape competition through authenticity.

Basically, when you're competing with people, it's because you're copying them. It's because you're trying to do the same thing. But every human is different. Don't copy. 

If you are fundamentally building and marketing something that is an extension of who you are, no one can compete with you in that. Who's going to compete with Joe Rogan or Scott Adams? It's impossible. Is somebody is going to come along and write a better Dilbert? No. Is someone going to compete with Bill Watterson and create a better Calvin and Hobbes? No. They're being authentic. 

When I talk about specific knowledge, I mean figure out what you were doing as a kid or teenager almost effortlessly. Something you didn't even consider a skill, but people around you noticed. Your mother or your best friend growing up would know.

Examples of what your specific knowledge could be:

👉🏼 Sales skills 

👉🏼 Musical talents, with the ability to pick up any instrument 

👉🏼 An obsessive personality: you dive into things and remember them quickly 

👉🏼 Love for science fiction: you were into reading sci-fi, which means you absorb a lot of knowledge very quickly 

👉🏼 Playing a lot of games, you understand game theory pretty well

👉🏼 Gossiping, digging into your friend network. That might make you into a very interesting journalist. 

The specific knowledge is sort of this weird combination of unique traits from your DNA, your unique upbringing, and your response to it. It's almost baked into your personality and your identity. Then you can hone it.

▪️ The Almanack of Naval Ravikant by Eric Jorgenson

▪️ Quote Graphics by Niva

Read Next 💡

10 Takeaways From Morgan Housel's "The Psychology of Money" (#37) 🧠

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