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the-dip.md

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The dip

  1. "Quitters never win and winners never quit" - bad advice. Winners quit all the time. They just quit the right stuff at the right time.

  2. Extraordinary benefits accure to the tiny minority of people who are able to push just a little bit longer than most of the people.

  3. Extraordinary benefits accure to the tiny minority of people with the guts to quit early and refocus their efforts on something new.

    • Quit the wrong stuff.
    • Stick with the right stuff.
    • Have the guts todo one or the other.

  5. With the limited time or opportunity to experiment, we intentionally narrow our choices to choose at the top.

    • Scarsity makes being at the top Something..

    • World is getting larger because I can now look everywhere when I can find something or someone. At the same time, world is getting smaller because of categories are getting more specialized.

  6. In free market we reward the exceptional.

  7. People settle. They settle for less than they are capable of. For good enough instead of best in the world.

    • The dip is the long slog between starting and mastering.
    • The dip is the long stretch between beginners luck and real accomplishment.
    • If there wasn't a dip; there'd be no scarcity.

  9. Cliff is a situation where you can't quit untill you fall off. It's no wonder that people have trouble quitting.

  10. The dip creates scarcity; scarcity creates value.

  11. The dip is where success happens. - It's easier to quit than to keep going.

  12. A few people will choose to do the brave thing and end up best in the world. Informed people will will probably choose to do the mature thing and save their resources for a project they are truely passionate about.

  13. The driving force that gets people to pay a specialist is that their disease is unpredictable or hard to diagnose.

  14. You gets what you deserve when you embrase the dip and treat it like opportunity.

  15. It's human nature to quit when it hurts. But it's that reflex that creates scarcity.

  16. Quit in the dip often and you will find yourself becoming a serial quitter, starting amany things but accomplishing little.

  17. If you want to be a superstar then you need to find a field with a steep deep - a barrier between those who try and those who succeed.

  18. The dip is actually your greatest ally because it makes the project worthwhile and keeps others from competing with you.

  19. You must quit the projects and investments and endeavors that don't offer you the same opportunity or those who are not align with your long term vision. It's difficult but important.

  20. Reasons why you might fail to become the best in the world.

  • You run out of time.
  • You run out of money.
  • You get scared.
  • You are not serious about it.
  • You lose interest or enthusiasm or settle for being mediovre.
  • You focus on short term instead of long term and quits when short term gets too hard.
  • You pick the wrong thing - because you don't have talent.