How to Make Wealth
I think everyone who gets rich by their own efforts will be found to be in a situation with measurement and leverage. Everyone I can think of does: CEOs, movie stars, hedge fund managers, professional athletes. A good hint to the presence of leverage is the possibility of failure. Upside must be balanced by downside, so if there is big potential for gain there must also be a terrifying possibility of loss.
Author:
Source:
Paul Graham
Published: May 1, 2004
Length: 35 minutes (8,871 words)