
Eric Jorgenson
Wealth is created by building assets and using leverage, while status is a distracting game of comparison. Happiness comes from wanting less, not from getting everything you want.
Build wealth by discovering and refining your specific knowledge, which consists of the unique skills and obsessions that feel like play to you but look like work to others.
Multiply the impact of your specific knowledge through permissionless leverage like software and media, which cost nothing to replicate and work for you while you sleep.
Play long-term games with long-term people because all significant returns in wealth, relationships, and knowledge come from the mathematical power of compound interest.