When specialization makes sense
Specialization makes sense when you know you can reach the top of the domain you are trying to excel in.
If you want to specialize and become a basketball player, for example, you have to reach the top 0,001% to have phenomenal financial gains.
1.89K
21.5K reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about personaldevelopment with this collection
Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
Related collections
Similar ideas to When specialization makes sense
Skills: Diversity And Specialization
Comparative advantage is also measured by the salary yardstick, and how much a person’s time, skills and core skill sets are worth.
Example: Michael Jordan is a skilled basketball player, and is very tall. If he wants, he could paint his own house by himself and do it quickly due to h...
When "free work" makes sense
Work is showing up at the appointed time, whether or not you feel like it. Work is creating value on demand, and work (for the artist) means putting all of it (or most of it) on the line. And free?
It makes sense to work for free when you think you’ll be able to turn that platform/...
2. Avoid SOCIAL COMPARISON
Because there will always be someone, who is superior or richer than you.
Example- A rookie basketball player with $500,000 yearly contract, is rich by definition, but not when when he compares himself with a veteran who has a $430 M contrac...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates