Eric Jorgenson

to buy a bank and do a deal of financing that nobody else has the capital or the reputation or the speed in order to do.

He has become the only person on earth who can get that lucky.

And that's a crazy example, right?

But there are many smaller forms of that.

So your reputation, your mindset, your positioning, essentially, that is a very long-term game.

In particular, if you're young, I feel like it's hard to appreciate that how lucky some people are getting is actually 20 years of carefully grown seeds and reputation and relationships and effort.

you shouldn't expect to get as lucky as somebody that has created that much surface area and covered that much ground.

But you can sort of match their pace or outpace them by being thoughtful about your luck surface area.

I think the path towards luck is you can follow those things up.

You can

sort of go from one level to another, you can do luck through persistence and effort that then becomes a little bit more of luck through, or I have a feel for the dynamics.

And if you really, if you gain enough information through the persistence and reputation through the persistent luck, you'll have better information on where

the luck might be heading and you can sort of meet it there and position yourself for it.

And if you do that enough times over time, like you become the only person who can do it.

So if we use the real estate example that he uses for leverage and just like take that as like

If you're starting off as a general contractor, a handyman, you don't just wait around for jobs, you go knock on doors.

If you knock on doors and do a great job, you'll start working more and more and get higher and higher quality referrals.

If you are doing a bunch of work in one particular neighborhood, you start to learn maybe that neighborhood is...

up and coming and a new development is going to move in.

And then you can buy land ahead of the development, or you can invest in the person who's coming in to like renovate this neighborhood.