Over 160 years ago, Charles Darwin published his theory of natural selection. His work process is something we can all learn from in achieving career success.
Think about it. How does a man like Darwin come up with such a theory?
Over 160 years ago, Charles Darwin published his theory of natural selection. His work process is something we can all learn from in achieving career success.
Think about it. How does a man like Darwin come up with such a theory?
In 1971, Charlie Munger and Warren Buffett invested heavily in a trading stamp company called Blue Chip Stamps.1Source: Yahoo! Finance This is one of Buffett’s and Munger’s early trades, which is documented in some of the best investing books.
At the time, many would have considered putting so much capital into a single business risky. But Munger and Buffett believed that the company’s capital resources were a better trade-off.
Their investments paid off when Blue Chip Stamps became a key part of Berkshire Hathaway’s portfolio. And they used the company’s capital to fund their other investments like See’s Candies, Wesco Financial, The Buffalo Evening News, and Precision Steel.
This experience shaped Munger’s belief that diversification isn’t always necessary. As he famously said:
Benjamin Franklin, one of the founding fathers of the United States, once said something that helps with managing our first impulsive desire:
”‘Tis easier to suppress the first desire than to satisfy all that follow it.”
This is a timeless truth about human nature and how we’re constantly pursuing our first desire.
Let’s say you’re scrolling through your social media feed and stumble across an ad for a shiny new gadget for your kitchen.
A Google search that contains the words “make money” and “writing” in a single sentence will quickly show you articles along the lines of “X Proven Ways” to monetize your writing.
Their advice is usually the same: Start blogging, get freelance writing clients, and use ChatGPT to write articles while you make money in your sleep. We get it. And none of that stuff works.
Look, many people who try to monetize their writing struggle.
This applies not just to “professional writers,” but to everyone who uses the written word to make a living: Marketers who write effective pitch emails to score a sale or VIP interview, designers who need to communicate their ideas effectively, entrepreneurs who are trying to make better sense of their business model.