Accountability Means Letting People Hate on You

Full episode transcript -


We've finished discussing the Tweet storm, and we're going to spend some time on Q and A and discussing some of the tweets on the cutting room floor that didn't make it into the tweet Storm. My first question is, Do you think there are some common failure modes or typical things that people do wrong when they're trying to apply this advice? A lot of people don't understand what specific knowledge really is or how to quote unquote obtain it. People do understand what accountability really entails. They think that accountability means being successful, the accountable. No, it means that you have to stick your neck out and fail with your name out there publicly and to be willing to let people hate on you. One of the reasons I'm less active and Twitter lately is because every tweet someone's an army of nit pickers and haters, and it gets exhausting. But on the other hand, you have to learn how to ignore them. Otherwise, you can't survive on Twitter. A lot of people try to reconcile it with,

like, should I quit my 9 to 5 job or not? That can be a very hard decision. I don't think you need to go that extreme. You can start applying accountability and leverage and specific knowledge. Even within your existing career. It doesn't have to necessarily be fork off and do something else completely. A lot of people will use it as a way to agree and disagree with their existing biases. They'll say, Oh, yeah, I agree with that part or that part. You're completely wrong. The most interesting part should be the ones that you disagree with because clearly have proven that I know a few things. So if you disagree with it, then maybe that is an area where you can improve your thinking.

I have definitely improved my thinking all the time. But I will tell you that in this tweet storm I put down the minimum viable principles. I did not put down the whole universe of what I know about how to make money, because 90% of it a suspect I put down the bedrock, the stuff that I'm pretty solid be sure about. And I have not yet seen a tweet that has successfully contradicted anything in this tweet storm that would cause me to say, Oh, yeah, I got that one wrong. Think another place where people get a little bit off is they Look at this in this say well, this only applies to tech entrepreneurs. I disagree. The example that I gave about real estate was a good one in that regard. It's just the nature of leverage that technology drives leverage. So I'm gonna push you an attack direction to get the free leverage that is available in Tech. And obviously this message is being delivered through the Internet,

so it's going to have a pro Internet bias. There are also people who believe that is unfair to the people who don't have these opportunities, do anything with the opportunity that they do have with that defeatist attitude. Why even get out of bed in the morning? 90% of people are dead. There's a lot of people who are living on a dollar a day. Do you live on a dollar a day? No. It's up to you to play the hand that you're dealt to the best of your ability, and then you can take the winnings, the pot from that hand and do whatever you want with it to fix the world. But saying that you should not do things just because others can't do things is living in denial is an excuse to not do anything. There are also people who believe that wealth creation is fundamentally at odds with environmentally safe and healthy planet. And they view the whole thing is a giant zero sum game that's a false narrative as well. You and Musk is not playing a zero sum game with the environment, and there are plenty of Aunt Wonders were not.

If anything, there is a word that environmentalists love, which is sustainability and for profit businesses are at least financially sustainable. If nothing else, you can do A B Corp. Which has a dual mission. A lot of nonprofit efforts would actually be better served by for profit companies, because then they wouldn't have to go begging for grants all the time. They would be financially sustainable.

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