“And so, for example, if you went and you got a PhD in a social science, and now I’m basically saying, “Hey, learn to code,” you’re going to avoid that. You’re not going to want to see that because you have all this sunk cost in the degree. So I think a lot of people don’t want to pick up the new skills that are necessary, or they don’t want to, for example, physically move, or they don’t want to disappoint the people and the relationships that they already have to make room for new relationships.
So everybody wants to start where they are. Nobody wants to go back down the mountain to find the path going at the top. Everybody wants to stay on the path they’re on, maybe make a few tweaks and get to the top or like Charlie Munger jokes. You know, people always ask me like, “How do I get to be rich like you, except quicker? I don’t want to be an old rich guy. I want to be the young rich guy.”
So I think these are the hard parts. The hard parts are not the learning, it is the unlearning. It’s not the climbing up the mountain. It’s the going back down to the bottom of the mountain and starting over. It’s the beginner’s mind that every great artist, or every great business person has, which is: you have to be willing to start from scratch. You have to be willing to hit reset and go back to zero.
Because you have to realize that what you already know, and what you’re already doing, is actually an impediment to your full potential. And most people just don’t want to acknowledge that. And I’m guilty of that too. That’s just human nature. I’m not faulting anybody for it, but it’s just human nature.”
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