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Hey guys, I heard a great little snippet from Ben Horowitz, where he talks about how follow your passion is bad advice. And I started thinking a lot about it. And I've been a big advocate of not following your passion, but I wanted to take the time to break down a logical argument for why I think it's a bad idea. I feel like the argument is fairly compelling and it's not what you think.
It's not me just saying, Hey, just go make lots of money. And that's the only thing that matters. It's not that, or maybe if that is what you think, then you don't understand me well at all. Anyways, Please enjoy this. I think that it really applies to anyone at all levels of business. Because even this morning, I was talking to a good friend of mine who's very successful.
They reached out to me and said, like, why do you still work? They're struggling because they're just like, I don't need to do anything anymore. And I'm just kind of struggling to find my why. But I think that these stopping points happen at all points in life. And so sometimes it's good to reflect. And so that's why I made this pod.
Following your passion keeps people poor or at least poor than they ought to be. And maybe you feel lost right now. I get it. I've been there. I was dead broke in my early twenties and I read all the self-help books I could get my hands on. And a lot of them said, follow your passion. And ironically, that didn't help me. Then I started changing what I did and my life changed as a result.
So today I own acquisition.com, a portfolio of companies that makes more money than I could ever possibly use. And I have this gazillion dollar, I'm gonna say laboratory, but it's not a laboratory, it's a studio.
Anyways, and nobody cares, but what I can help you with is potentially explain a different path that might help you if the following your passion thing, or not knowing what your passion even is, is something that's gotten in the way. So problem number one with follow your passion, it gets cause and effect backwards. So often we become passionate about things after we get good at them, not before.
So there's a great book by Angela Duckworth called Grit, and I'm going to summarize that entire thing in the next like two minutes so you don't have to read the book. And so she's this fancy PhD professor, did a bunch of research about why do successful people succeed? Because it's obviously not intelligence. It's not all these other things that they try to isolate.
It's not how good they are at sports or academia or arts or business. She tried to look at all these different things and found that there was something that was unique that she was able to identify. And she referred to it as grit. And so there's four stages of development for grit. So number one is that you have some sort of initial discovery. So that's exposure, usually by chance.
Maybe your brother's into cars, or your friend really likes Pokemon, whatever, right? You have some chance discovery of something. Then you develop some sort of competence through deliberate practice. The key word there is deliberate practice, meaning you start, you get feedback, you get better. You change and iterate what you do.
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