/biz/ - Business & Finance

* Capital means money. To raise money, apply your specific knowledge, with accountability, and show resulting good judgment.
* Labor means people working for you. It's the oldest and most fought-over form of leverage. Labor leverage will impress your parents, but don’t waste your life chasing it.
* Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you.
* Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep.
* An army of robots is freely available - it's just packed in data centers for heat and space efficiency. Use it.
* If you can't code, write books and blogs, record videos and podcasts.
* Leverage is a force multiplier for your judgement.
* Judgement requires experience, but can be built faster by learning foundational skills.
* There is no skill called “business.” Avoid business magazines and business classes.