Eric - Jorgenson_The  ## Metadata - Author: **Jorgenson_The** - Full Title: Eric - Category: #books ## Highlights - Code is probably the most powerful form of permissionless leverage. All you need is a computer—you don’t need anyone’s permission (Page 59) - Any end goal will just lead to another goal, lead to another goal. We just play games in life. When you grow up, you’re playing the school game, or you’re playing the social game. Then you’re playing the money game, and then you’re playing the status game. These games just have longer and longer and longerlived horizons. At some point, at least I believe, these are all just games. These are games where the outcome really stops matering once you see through the game (Page 77) - failed entrepreneur than someone who never tried. Because even a failed entrepreneur has the skill set to make it on their own.[14] There are almost 7 billion people on this planet.Someday, I hope, there will be almost 7 billion companies. I learned how to make money because it was a necessity. Afer it stopped being a necessity, I stopped caring about it. At least for me, work was a means to an end. Making money was a means to an end. I’m much more interested in solving problems than I am in making money. Any end goal will just lead to another goal, lead to another goal. We just play games in life. When you grow up, you’re playing the school game, or you’re playing the social game. Then you’re playing the money game, and then you’re playing the status game. These games just have longer and longer and longerlived horizons. At some point, at least I believe, these are all just games. These are games where the outcome really stops matering once you see through the game. Then you just get tired of games. I would say I’m at the stage where I’m just tired of games. I don’t think there is any end goal or purpose. I’m just living life as I want to. I’m literally just doing it moment to moment. I want to be off the hedonic treadmill.[1] What (Page 77) - failed entrepreneur than someone who never tried. Because even a failed entrepreneur has the skill set to make it on their own.[14] There are almost 7 billion people on this planet.Someday, I hope, there will be almost 7 billion companies. I learned how to make money because it was a necessity. Afer it stopped being a necessity, I stopped caring about it. At least for me, work was a means to an end. Making money was a means to an end. I’m much more interested in solving problems than I am in making money. Any end goal will just lead to another goal, lead to another goal. We just play games in life. When you grow up, you’re playing the school game, or you’re playing the social game. Then you’re playing the money game, and then you’re playing the status game. These games just have longer and longer and longerlived horizons. At some point, at least I believe, these are all just games. These are games where the outcome really stops matering once you see through the game. Then you just get tired of games. I would say I’m at the stage where I’m just tired of games. I don’t think there is any end goal or purpose. I’m just living life as I want to. I’m literally just doing it moment to moment. I want to be off the hedonic treadmill.[1] What (Page 77) - It’s only afer you’re bored you have the great ideas (Page 98) - The classical virtues are all decision-making heuristics to make one optimize for the long term rather than for the short term (Page 103) - When you are the principal, then you are the owner—you108 · T H E A L M A N A C K O F N A V A L R A V I K A N T (Page 108) - When you are the agent and you are doing it on somebody else’s behalf, you can do a bad job. You just don’t care. You optimize for yourself rather than for the principal’s assets. The smaller the company, the more everyone feels like a principal. The less you feel like an agent, the beter the job you’re going to do. The more closely you can tie someone’s compensation to the exact value they’re creating, the more you turn them into a principal, and the less you turn them into an agent.[12] I think at a core fundamental level, we understand this. We’re atracted to principals, and we all bond with principals, but the media and modern society spend a lot of time brainwashing you about needing an agent, an agent being important, and the agent being knowledgeable. (Page 109) - If you fnd yourself creating a spreadsheet for a decision with a list of yes’s and no’s, pros and cons, checks and balances, why this (Page 112) - If you fnd yourself creating a spreadsheet for a decision with a list of yes’s and no’s, pros and cons, checks and balances, why this is good or bad…forget it. If you cannot decide, the answer is no (Page 112) - most of the gains in life come from suffering in the short term so you can get paid in the long term (Page 113)