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Paperback
Published March 1, 2023
The 100,000 hour opportunity describes the great ocean of passive leisure time that we might choose to repurpose to more active pursuits.
General competency skills build a buffer of optionality that protects against uncertainty. The broader your skills, the less you have to outsource to others, and the more resilient you become to future shocks.
We can use a crude option-pricing model to decide which skills are worth acquiring, based on the value of our time, the upfront costs, and the potential upside.
Failing to price options leads to penny-wise and pound-foolish behaviour. Even a rough sanity check will save us from investing in skills that don't pay off.
We don't have to live up to the Renaissance Man ideal, but some skills are non-negotiable: cultivating physical potential, interpersonal skills, and self-care. No-one else can do them for us, and they improve our lives on every level.
The case for generalism is much stronger for average Joes and Janes. If you cultivate broad skills and interests, you can eventually fuse them into a talent stack that gives you an unassailable edge.
Books are the cheapest options in existence, but only if we treat them as such. Skim, scribble, read multiple titles at the same time, and quit early without feeling guilty.
Compound interest in knowledge capital does not accrue through passive reading. You need a place to store your knowledge, like a commonplace book, and an investing strategy, like the Zettelkasten method
In the language of optionality: having first opened as many options as possible, and secondly, exploited those that are most useful, then, give them away.
This order is important. Without a buffer of optionality to protect against shocks in your own life and open up opportunities, you have no ability to take risks. This is the same reason the flight crew tells us to put our own oxygen masks on before helping others: unconscious people are not known for being very useful.
If you want to have an impact on the world, it helps to make yourself strong first. At the very least, your life gets better. Maybe you're nicer to your dog. If you never accumulate enough optionality to put a dent in the universe, that's OK. You can still act with dignity, and hold your head up high. But perhaps you do find yourself in a position to take risks.
If you agree with the case I have made that optionality is the best proxy for human flourishing, and that many people today are still massively constrained by debt, by poverty, by disease, by lack of opportunity, by regres sive cultural or social norms, by bad legislation, by 'sticky' negative-sum games -then perhaps you will use your options to help break them free of their chains, and unlock their full range of capabilities.