[HN Gopher] When To Do What You Love
       ___________________________________________________________________
        
       When To Do What You Love
        
       Author : underdeserver
       Score  : 101 points
       Date   : 2024-09-29 13:16 UTC (9 hours ago)
        
 (HTM) web link (paulgraham.com)
 (TXT) w3m dump (paulgraham.com)
        
       | fjordingo wrote:
       | > if you're young and good at technology...
       | 
       | > ... but if you want to become super rich, and you're young and
       | good at technology, working on what you're most interested in
       | becomes a good idea again.
       | 
       | It's sad to me that the wealth inequality manifested and upheld
       | by the current structure of capitalism, that people like Graham
       | full throatily endorse, creates this mentality.
       | 
       | "If you're young" is a euphemism for "if you are free from the
       | necessities of responsibility, and so are able to forego the lack
       | of consistent income (and if you're in the states, a lack of
       | employer provided health care".
       | 
       | pg, encourage the companies you give money to pay an equal
       | portion of profits to their employees, and maybe even the "olds"
       | can be free do what they love; rather than the fear induced
       | indentured servitude currently so predominant.
       | 
       | May even give us better products and solutions, or as you say,
       | allow people to do _actual_ "great work".
        
         | slowmovintarget wrote:
         | > wealth inequality manifested and upheld by the current
         | structure of capitalism
         | 
         | I've been having this conversation over dinner with my wife for
         | the last few years. What else is there? Here are the broadly
         | categorized economic systems that I'm aware of (I sincerely
         | request correction if I'm incomplete or mistaken):
         | 
         | - Subsistence (hunter/gatherer, limited farming... etc.)
         | 
         | - Despotism, feudalism, and other ruler-based economies that
         | mix governance with economy by fiat
         | 
         | - Marxism (and it's entanglements into governance: socialism
         | and communism)
         | 
         | - Capitalism, though it eventually captures governance as a
         | failure mode
         | 
         | Of these systems, with the possible exception of subsistence,
         | only capitalism really works. All forms of Marxism ever
         | practiced lead to despotism, which most of us can agree is a
         | bad thing. Even with a benevolent dictator for life, that life
         | ends and the system degenerates at most in two generations of
         | hereditary leadership.
         | 
         | How do you reset capitalism so that we refresh to healthy
         | markets (a prerequisite for capitalism to act as a force for
         | societal welfare)? How do you turn back the clock on regulatory
         | capture, and monopolized consolidation where firms move to
         | become parasitic instead of exchanging value?
         | 
         | Is there something else?
         | 
         | And no, Marxism and collectivism is not it. Drowning the
         | individual is not it. Marxism hasn't lost its appeal precisely
         | because it's one of the few models that addresses dramatic pay
         | disparity. But it was created in Britain thinking about the
         | factory workers of the time. We know now that it includes
         | errors and misunderstandings of fundamental human behavior that
         | make it turn into tyranny every time. We also know that it
         | necessarily leads to central planning which is fragile and
         | collapses. So that's not it.
         | 
         | If not Marxism, and not capitalism, then what?
        
           | feedforward wrote:
           | > All forms of Marxism ever practiced lead to despotism,
           | which most of us can agree is a bad thing.
           | 
           | What you call a Marxist system is something that Marx said
           | could only work in the most advanced country if it was ready
           | for it, which in that time was Germany. He said such a system
           | would not work elsewhere.
           | 
           | So what form of Marxism failed? Even Lenin, who many Marxists
           | did not consider Marxist, was a Marxist enough to say that
           | Russia would not establish communism. That the Russian self-
           | described Marxists had the chance to take power in Russia and
           | they took it. That Lenin wanted to take power in early 1917
           | came as a surprise to Stalin, Trotsky, Kamenev etc., in fact
           | Trotsky was not even with Lenin then. It surprised them
           | because it was not a Marxist idea. Then Lenin introduced the
           | New Economic Policy, i.e. capitalism. Then he died.
           | 
           | Marx clearly spelled out what not to do, and some did what he
           | said not to do, then people attribute the failures of those
           | who did what Marx said not to do, to Marx.
        
             | mionhe wrote:
             | This kind of argument seems to always pop up in this
             | context.
             | 
             | There have been 17 attempts that I'm aware of to create a
             | government based off of the ideals that Marx preached.
             | 
             | Of those 17 attempts, every one has ended up creating
             | extreme poverty for the masses. Every one has led to
             | massive amounts of death and abject misery. Every one has
             | led to a dictator that sees his people as just cogs in a
             | machine, easily replaced.
             | 
             | No matter how great Marx's system is (and having seen the
             | aftermath personally of one of those attempts to enact it,
             | I'm inclined to think that his system of thinking is semi-
             | articulate garbage), it's obvious that we can't do what he
             | prescribed and get the results he claimed we would.
             | 
             | Frankly, the part where all of the power temporarily
             | concentrates before redistribution is the problem area: no
             | one can withstand the temptation to just keep it.
             | 
             | Or possibly they never intended to let it go in the first
             | place.
        
               | desumeku wrote:
               | There are far more than 17 capitalist countries which
               | meet every criteria you've listed as an evil of
               | Communism.
        
               | feedforward wrote:
               | > There have been 17 attempts that I'm aware of to create
               | a government based off of the ideals that Marx preached.
               | 
               | What does Marx say in the Communist Manifesto?
               | 
               | "The Communists turn their attention chiefly to Germany,
               | because that country is on the eve of a bourgeois
               | revolution that is bound to be carried out under more
               | advanced conditions of European civilisation and with a
               | much more developed proletariat than that of England was
               | in the seventeenth, and France in the eighteenth century,
               | and because the bourgeois revolution in Germany will be
               | but the prelude to an immediately following proletarian
               | revolution."
               | 
               | This is what Marx said, what his ideals were. A political
               | fight in a country with the developed proletariat of the
               | Ruhr Valley - Germany. What he can be judged by is what
               | he said.
               | 
               | Marx said a precondition for his ideals would be the
               | conditions the Ruhr Valley and Germany had. So if
               | attempts made without the ingredients he stated failed,
               | then Marx's ideals are shown to be correct. Your examples
               | prove Marx was right.
        
           | hamandcheese wrote:
           | I just want capitalism where the capitalists pay the same tax
           | rate as labor.
        
             | samatman wrote:
             | That sounds fairly awful. The top 1% of earners pay 45% of
             | income tax (US figure). Why would you want laborers to pay
             | so much more tax?
        
               | hamandcheese wrote:
               | I clearly wrote tax rate, not total taxes.
               | 
               | And the top 1% gets a lot of wealth that isn't classified
               | as income.
        
               | gtirloni wrote:
               | In what country is that?
               | 
               | Average tax rate paid by billionaires in the US is close
               | to 8%
               | 
               | https://www.whitehouse.gov/omb/briefing-
               | room/2021/09/23/new-...
        
               | samatman wrote:
               | The US of course, I specifically said that.
               | 
               | https://taxfoundation.org/data/all/federal/latest-
               | federal-in...
               | 
               | > _The top 1 percent of taxpayers paid a 25.9 percent
               | average rate, nearly eight times higher than the 3.3
               | percent average rate paid by the bottom half of
               | taxpayers_
               | 
               | > _The top 1 percent's income share rose from 22.2
               | percent in 2020 to 26.3 percent in 2021 and its share of
               | federal income taxes paid rose from 42.3 percent to 45.8
               | percent._
               | 
               | The post I was replying to suggested that everyone pay
               | the same tax rate. I'm opposed to this. Progressive taxes
               | are more fair, due to the marginal value of money.
        
             | tightbookkeeper wrote:
             | Capital gains tax is lower to offset the risk of taking a
             | capital risk, which labor does not do in receiving a wage.
             | 
             | Much of "labor" participates in capital risk through
             | retirement accounts and homes, blurring this 19th century
             | distinction.
             | 
             | The "capitalists" are likely to sidestep taxation through
             | politicians, lawyers and accountants (See the often quoted
             | 1960s era "tax rate") which is a phenomenon of power, that
             | exists pre-capitalism.
        
           | gtirloni wrote:
           | > How do you reset capitalism so that we refresh to healthy
           | markets (a prerequisite for capitalism to act as a force for
           | societal welfare)?
           | 
           | Do you know about Sisyphus?
        
           | desumeku wrote:
           | It's far too late in the history of discourse to try and
           | change this perception, but 'Marxism' is not really so much
           | of a system in-of-itself more than it is a grouping of
           | influential ideas that were propagated by Marx and
           | disseminated throughout history. Marx at no point ever
           | attempts to describe an ideal economic system - Communism as
           | an idea is far more intagible to him, and many 'modern
           | Marxists' have long since re-oriented their ideological
           | critique away from 'the establishment of Communism' and
           | towards 'survival under Capitalism' as modern society is
           | inexorably more alien than Marx could have ever known.
        
           | uhddfe wrote:
           | I think your bulleted list is a bit wonky.
           | 
           | The one that jumps out at me is implying "socialism is a form
           | of Marxism" when it's the opposite that is true.
           | 
           | There are thriving socialist governments right now. What
           | benefit does your argument get from ignoring those?
           | 
           | Why do you have "capitalism" and "despotism, feudalism, and
           | other ruler based economies" separate? Are you unable to see
           | the oligarchy of the US?
           | 
           | > Drowning the individual is not it.
           | 
           | Spreading ownership across those necessary for a thing to
           | exist is drowning them? Or is it drowning the Csuites?
           | 
           | If your online bookstore turned imitation product megastore
           | requires the people boxing the goods and driving the trucks
           | then they should own a piece of what their work creates; that
           | means ownership in the company and a share in the wealth it
           | creates.
           | 
           | Is it because a CEO is golfing with war criminals that they
           | deserve to capture the economic production from the labor of
           | so many?
           | 
           | The fact that a company can create one of the three riches
           | men on the planet and have its employees who are the ones
           | making that person's wealth be on government assistance is
           | absolute bullshit.
           | 
           | > What else is there?
           | 
           | What indeed.
        
             | desumeku wrote:
             | > The fact that a company can create one of the three
             | riches men on the planet and have its employees who are the
             | ones making that person's wealth be on government
             | assistance is absolute bullshit.
             | 
             | I agree here. Even during the feudal era, if you happened
             | to be employed in the envoy of one of the world's richest
             | trading fleets, you would be treated with far greater
             | respect than an Amazon worker.
        
           | comfysocks wrote:
           | In my opinion, a good first step is to stop looking at
           | socialism and capitalism in absolute terms. I think its a
           | mistake to idealistically cling to one archetype as the best
           | of all possible archetypes. When you go the idealistic route,
           | you are doomed to repeat the failings of the past.
           | 
           | I would argue that the most successful economies are blended
           | economies that have achieved success by blending elements of
           | both systems and perhaps other systems as well.
           | 
           | For example, the USA once had working conditions as described
           | by Upton Sinclair in "The Jungle ." Those working conditions
           | are no longer legal thanks to regulations. But regulations
           | are an element of command-economy, not of free markets.
           | 
           | An example from the other side is the rise of China's
           | economy. I don't believe China could have become "the world's
           | factory" without introducing elements of free market
           | capitalism.
           | 
           | During the cold war, propaganda made socialism the bogeyman
           | to the west, and capitalism the bogeyman to the east. I don't
           | think this fear is rational. To me they are just two economic
           | archetypes of many. Each has its own merits and faults. The
           | key is to apply them where they make sense.
           | 
           | To me the real enemies are: authoritarianism and corruption.
           | 
           | I see regulatory capture as a form of corruption. The
           | regulators are corrupted by those who would like to
           | externalize their costs onto society. How do we fight
           | corruption? It's a tough battle, but remember it has been
           | done before. Tammany hall, etc.
        
       | throwaway98797 wrote:
       | it's dangerous to take advice from those with superlative ability
       | if you are only slightly above average
       | 
       | often times it's not for you
       | 
       | be honest of your place in this world
       | 
       | enjoy the luck you have it's better than most
        
       | jacknews wrote:
       | More self-serving feel-good from pg
       | 
       | The way to make billions, or even millions, is OWNERSHIP.
       | 
       | Own the profits or some of the profits of other people's hard
       | work and creativity in some way, either directly or indirectly
       | (eg property), or the promise of such profits (stocks), and trade
       | that.
       | 
       | That's not to say you shouldn't work hard or create, yourself.
       | Just that hard work, creativity, etc, in and of itself, doesn't
       | pay. It pays off when you work harder (or smarter, or just
       | luckier) than other people, in order to win or create ownership,
       | that other people will then contribute to. Just like pg did.
        
         | tightbookkeeper wrote:
         | If you make studio pottery you likely own everything, and still
         | dont make money.
         | 
         | Many FAANG employees are clearly in it for the money or status
         | and have no real ownership. (Inb4 RSUs. They are treated as
         | cash.)
         | 
         | The Marxist analysis makes most sense in the context it came
         | from - the Industrial Revolution where most economic value was
         | concentrated in expensive machinery.
        
           | ponector wrote:
           | Their comment said to own other people's profit. And that is
           | true: the only way to get really rich is to own results of
           | work of millions other people. Like Musk, Zuckerberg or
           | Mohammed bin Salman.
        
             | tightbookkeeper wrote:
             | And my comment argues why that's not true:
             | 
             | - many people prioritizing money are workers
             | 
             | - many (most?) owners are not making money
             | 
             | So in the context of this essay "choosing ownership" is not
             | the key career choice facing young people.
        
       | breck wrote:
       | I didn't find any new terms here, but it was a great synthesis of
       | a lot of his work. I also really enjoy the shorter length of the
       | recent essays.
       | 
       | Here's my user test:
       | https://news.pub/?try=https://www.loom.com/embed/9ac3f3b85fd...
        
       | BohdanPetryshyn wrote:
       | I'm young and at a pivotal point in my life, where I need to
       | decide whether to remain in my well-paying job in software
       | engineering or pursue my dream of becoming an entrepreneur. This
       | article has deeply inspired me, hitting at just the right moment
       | to encourage me to aim higher and take the leap.
        
         | dv35z wrote:
         | Two things to check out: (1) find out the best university in
         | your area, and see if they have a business incubator. Check out
         | their events page - there's usually something interesting
         | happening in the next couple of weeks - go to it with an open
         | mind! Creators, investors, students, entrepreneurs all in one
         | spot. Meet the organizer, and find out what kind of workshops
         | would be valuable, and consider running one! They will help
         | promote you! Usually, they'll have a busy group chat (WhatsApp)
         | - get in there and see what services people need / offer...
         | 
         | (2) Find out if there is a community maker-space in your area,
         | and take a tour. You'll meet some of the most creative,
         | entrepreneurial people there, and you'll see up-close, what's
         | possible with product prototyping these days - 3D printed
         | ceramics, robotics, CNC wood carving bots, metal carving, etc -
         | and computer/code labs!
         | 
         | I ran a "Get your product on Shopify" workshop in a maker-
         | space. It was tons of fun and high value - got people booted up
         | with a custom domain name, photo of their product online, Buy
         | it Now button, make a business card with a QR code. For
         | software experts this kind of thing is easy (a couple of hours
         | etc), but for most people - it can feel like an extremely
         | complicated mission (managing DNS records, or adjusting a
         | theme's CSS - super tricky!). Not that you need to go be a
         | Shopify installer! But the point is that you can help turn
         | someones dream into reality, and its satisfying for all
         | involved.
         | 
         | Best of luck in the next chapter of your journey!
        
         | underdeserver wrote:
         | Be an entrepreneur. If it's not for you, you'll know within a
         | few years.
        
         | shafyy wrote:
         | Don't go all in. Try starting your business on the side and see
         | how it goes for a while.
        
         | saagarjha wrote:
         | Note that Paul Graham has a vested interest in you doing that
         | and he writes with that in mind.
        
         | com2kid wrote:
         | Work at a job that contributes highly to a retirement fund
         | (401k o If in the USA) and after you have maxed our your
         | retirement savings for at least 5, if not 10 years, then go
         | ahead and do something else.
         | 
         | If I had waited 3 more years before I tried to go the startup
         | route I'd have another 200-300k in the bank right now and I
         | would have the financial independence to do whatever I want for
         | however long I want right now.
         | 
         | Compound growth is amazing, take advantage of it while you are
         | as young as possible.
        
       | nuancebydefault wrote:
       | Probably the culture of where I live is very different from the
       | other side of the ocean, but... why is money such a big point in
       | this article? I love my work and I'm decently paid and... I don't
       | really want to be rich. With the given title, I would advocate
       | for/stress on contentment rather than monetary richness.
        
         | hnthr_w_y wrote:
         | honestly, I want to be rich. I do make a decent living, but not
         | enough to quit my job. At this rate I'll have to work until I'm
         | 50 or 60, which is same as everyone else, so cry me a river,
         | but even so, it would be nice to dedicate more time to hobby
         | which at this rate I can at most dedicate a weekend to, but in
         | practice it's a bit less because I have to go out with the wife
         | and I have visit my family, etc. Most weeks I have a full day
         | at most to pursue anything.
        
           | nuancebydefault wrote:
           | From what i understand my life is very similar as yours. One
           | out of 7 seems not too shabby though.
           | 
           | Maybe a cliche but... my advice would be to try to get most
           | out of each simple experience. Today my spouse and kid went
           | for a long walk together with me... while I could have been
           | doing woodworking. I _tried_ to teach the kid the joy of
           | walking without having too much on his mind. I also started
           | conversations with strangers while waiting in the ice cream
           | queue. There's always something to learn from that. I guess
           | you by now understand my advocating for contentment.
        
             | kragen wrote:
             | this afternoon i couldn't have been doing woodworking
             | because i don't have woodworking tools. that's not just
             | because i can't afford them; my apartment is not really big
             | enough for a woodworking shop, and i worry that the wiring
             | might catch fire if i tried to plug in a high-powered saw.
             | i'm having a hard time being content, despite going on a
             | walk with my wife this morning and having lots of lovely
             | conversations with strangers over the last three days,
             | because the rent is due in two weeks and i'm nervous about
             | whether i'll have enough. ever since i got covid for the
             | third time in april, at which point i couldn't get
             | paxlovid, i don't remember things like i used to. (i
             | suspect that with enough money i could have gotten
             | paxlovid.) also, my aunt is going to die soon, and i don't
             | have the money to visit her before that
             | 
             | i really wish i'd spent more effort on making, _and saving_
             | , money 20 years ago. i wouldn't want to spend my life on
             | it, and no amount of money will keep me from dying, but
             | right now i'm spending a lot of my life coping with the
             | consequences of not having it
        
         | erik_seaberg wrote:
         | Besides removing distractions, having more money raises the
         | limits on what you can build before it needs to become self-
         | sustaining. Retirement should be a consolation prize but not
         | the entire goal.
        
         | com2kid wrote:
         | Because America has such a poor social safety net that it is
         | very easy to go from well paid to homeless in just a few years.
         | 
         | Accordingly, everyone is fighting to make enough money to not
         | get fucked over during each of our cyclical "economic
         | recessions". During each recession more and more people
         | permanently fall into poverty and everyone who is left fights
         | even harder to not be a victim the next time the economy goes
         | south.
        
         | tightbookkeeper wrote:
         | In place of money, you can equally substitute status, prestige,
         | or power.
         | 
         | When it comes to young people choosing careers in the US the
         | money choice is more prominent.
        
         | dxbydt wrote:
         | I don't want to lead with the mean retort that people who say
         | they don't care about money often don't have any, so let me
         | give you the kinder version - I think you come from a place of
         | immense privilege. Either born in a first world country, or
         | born to well off parents or in a rich society.
         | 
         | otoh, Where I come from , we have a proverb that's hard to
         | translate but describes our misery quite accurately - "we don't
         | even have enough water to wipe our anus after we poop".
         | 
         | So that's why I seek wealth. Not because I'm not content, or
         | stressed out or whatever. Because the people I was born with,
         | my cousins, brothers, relatives - they are still digging
         | ditches. I am no smarter than them perhaps, but because I chose
         | to pay a little extra attention at academics, atleast I have
         | some money to buy some water so I can wash my butt after I
         | poop.
         | 
         | Don't hate on people who want money. The world outside your
         | tiny bubble is very, very poor.
        
         | thayne wrote:
         | Consider who the author is: a wealthy investor for whom money
         | is obviously very important.
        
         | asdf6969 wrote:
         | > why is money such a big point in this article?
         | 
         | There's no such thing as a reasonable quality of life on an
         | average income anymore. People who don't prioritize money will
         | live like poor students for the rest of their lives renting
         | with roommates. They will never have a family, healthcare,
         | hobbies, or respect from their community.
         | 
         | Stop pretending that not prioritizing money is an option. It's
         | incredibly condescending. In most parts of most developed
         | countries you need at least a top 20% income just to live with
         | dignity.
        
         | rr808 wrote:
         | Same. I think PG and the bay area has been such a goldmine the
         | last few decades most people in tech and VC driven by the
         | rewards. Most people in American are somewhat more money driven
         | than Europeans, but most are relatively content than the Bay
         | Area population.
        
       | euvin wrote:
       | Can someone help me understand the first footnote?
       | 
       | >[1] These examples show why it's a mistake to assume that
       | economic inequality must be evidence of some kind of brokenness
       | or unfairness. It's obvious that different people have different
       | interests, and that some interests yield far more money than
       | others, so how can it not be obvious that some people will end up
       | much richer than others? In a world where some people like to
       | write enterprise software and others like to make studio pottery,
       | economic inequality is the natural outcome.
       | 
       | Yes, clearly different passions lead to different industries
       | which mean different economic outcomes.
       | 
       | But when people talk about "fairness", it usually means quality
       | of life right? The ability to afford good healthcare, high
       | quality food, housing, security, providing for a family, social
       | opportunities. How are we defining fairness?
       | 
       | I have no idea of how to solve this or create the perfect utopia,
       | btw. I'm just confused on the point of the footnote.
        
         | Mahsaaden wrote:
         | i think it's pretty clear what pg means. more useful products =
         | more money = better outcomes in life. no one wants more pins
         | and posters of some artist's OCs, they want software that helps
         | the world and actually changes lives for the better. studio
         | pottery won't do that.
        
           | euvin wrote:
           | To be clear, I like the idea of making something really
           | useful and being rewarded from bettering other people's
           | lives. I don't doubt that if you make something really useful
           | for the world, you can gain a lot from it.
           | 
           | But when people talk about fairness, (I assume) they're
           | usually thinking about the successful scammers, predatory
           | practices, people not contributing to the world yet profiting
           | a lot from it. They may also think about "essential workers"
           | who, in contrast, may live paycheck to paycheck.
           | 
           | It becomes blurrier to me when I think about who "deserves"
           | what.
        
           | ChrisMarshallNY wrote:
           | I've written software that has had a _big_ impact, on a lot
           | of lives. I 'm still doing it.
           | 
           | I haven't been paid a dime for it, and I'm quite happy with
           | that.
           | 
           | I don't think PG, or any VCs would be at all interested in my
           | work. They might like the work, itself, but it's not gonna
           | make anyone rich.
        
         | ensignavenger wrote:
         | I hear a lot of focus on money and not just quality of life.
         | One issue with quality of life is that as you improve it for
         | the bottom, the expecations of what a minimal quality should be
         | tend to go up. So you may never really "solve" it, but that
         | doesn't mean we shouldn't be continually trying to improve.
        
         | kpw94 wrote:
         | > But when people talk about "fairness", it usually means
         | quality of life right?
         | 
         | Seems you're focusing on the Floor whereas pg refers to a
         | Ceilings?
         | 
         | It's normal that enterprise sales lovers ends up as taller
         | poppies than pottery lovers. You could take it a step further
         | and say: it's normal than Tom Brady and Ronaldo ends up rich
         | but mediocre football players make $0 from football, even
         | though both have interest in football.
         | 
         | That's the typical Ikigai diagram stuff: if someone's "what you
         | love" naturally aligns with "what you can be paid for", pg
         | point is that this person will be richer. (On top of this, if
         | someone's "what you're good at" also aligns naturally with
         | "what you can be paid for", they'll also be richer).
         | 
         | But you're approaching a different question: do pottery lovers
         | have a good enough quality of life? Do they deserve one if
         | nobody needs any of their pottery stuff?
         | 
         | Does everyone's deserve a good quality of life regardless of
         | what their passion is? What about people with antisocial
         | passions (crime, exploiting others etc)?
        
           | euvin wrote:
           | I think you make a really good point at the end, that those
           | with antisocial and pathological passions shouldn't be
           | encouraged for the sake of societal health. They can really
           | make a huge profit if done in a certain way, right?
           | Exploiting others like using dark patterns or scams
           | definitely can reap huge rewards.
           | 
           | As a layman, I'm curious to know what you and others think
           | about what standards should be held to meet the floor, what
           | standards should be held to reach the ceiling.
        
         | wnc3141 wrote:
         | It's good to know people crawling themselves out of poverty
         | just lack the right hobbies
        
           | WorkerBee28474 wrote:
           | I know you're being sarcastic, but there is truth to that.
           | Without judgement, it is well-documented that those in
           | poverty will spend, as a proportion of their income, 20 or 30
           | times as much on lottery tickets as someone who is rich. Now
           | they have their reasons, I think a lottery ticket lets one
           | dream what life could be like, at least until the draw
           | happens, but the truth is their financial situation could be
           | much better if they chose a different hobby.
        
         | tshaddox wrote:
         | Also I bet there is extreme income inequality among studio
         | potters. Could even be more unequal than the overall
         | population.
        
       | f3dora wrote:
       | new twist on capitalist pitch: "There are even some people who
       | have a genuine intellectual interest in making money. This is
       | distinct from mere greed. They just can't help noticing when
       | something is mispriced, and can't help doing something about it.
       | It's like a puzzle for them."
       | 
       | the older Paul gets, he sounds just like rest of his club mates!
        
         | shafyy wrote:
         | The mask is coming off
        
         | ponector wrote:
         | Better that way than usual startup bullshit about changing the
         | world to a better place.
        
         | WorkerBee28474 wrote:
         | I'm someone who is not rich but is interested in capital
         | markets. My net worth is less than USD 100,000 and I spend
         | hours each week downloading market data, looking for trade
         | ideas, writing scripts, running statistical tests, implementing
         | trading strategies, and analyzing the results.
         | 
         | I expect to be quite well off someday as a result of this
         | hobby, but for now it's just an interest.
        
       | smokel wrote:
       | From an investors perspective looking at a group of people with
       | randomly distributed interests, it seems like great advice to
       | motivate each and every one of them to pursue their interest with
       | all their energy and waste their lives on it. Some might get
       | lucky and make the world a better place.
       | 
       | From the perspective of an individual who only gets assigned one
       | or a few subjects to be interested in, not knowing whether these
       | will bring fortune or not, not so useful advice. Chances are that
       | you will fail, lose money and friends, and forget to spend time
       | with your loved ones.
        
       | shafyy wrote:
       | I gladens me to see that the sentiment here on HN is getting
       | increasingly critical of PG and other VCs and Silicon Valley
       | figures. Let's just hope that PG doesn't decide to pull the plug
       | on HN some day.
        
         | smokel wrote:
         | Aren't we the court jesters who entertain them with our wit, or
         | the court scientists who provide them with early insights into
         | which technologies will be worth investing in?
        
       | tightbookkeeper wrote:
       | > you don't know what makes you happy, what the various kinds of
       | work are really like, or how well you could do them
       | 
       | A very succinct explanation of complex emotional challenge.
        
       | ergonaught wrote:
       | If you aren't young, you aren't worth Paul taking a moment to
       | write a sentence about you, though, so go to hell.
       | 
       | Apparently.
        
         | yayitswei wrote:
         | He's targeting a particular audience in this essay. Doesn't
         | mean he hates everyone else. In fact, in other essays he says
         | that being an older founder can actually be an advantage in
         | some ways.
        
       | andrewstuart wrote:
       | When friends say they are "going to start a business", I ask them
       | "Why? Do you know why, do you know what your goal is?".
       | 
       | In most cases people can't really explain exactly why, and that's
       | fine and normal. Only after years of being in business did
       | certain things come clear to me. Are you there to make money, to
       | follow your passion, to succeed with something, anything, to own
       | your own time and life? The naive might say "all of the above",
       | but they are not compatible.
       | 
       | You may find that you care more about owning your own time than
       | working on stuff you are passionate about.
       | 
       | I've seen quite a few people start a business to work on
       | something they are passionate about and then go out of business,
       | when they COULD have stayed in business if they had been prepared
       | to make money doing stuff they didn't love. What is more
       | important in this case, being in business or doing stuff you
       | love?
        
       | cushychicken wrote:
       | _Don 't wait. Don't wait till the end of college to figure out
       | what to work on. Don't even wait for internships during college.
       | You don't necessarily need a job doing x in order to work on x;
       | often you can just start doing it in some form yourself._
       | 
       | What silly advice. I didn't even know my "what to work on"
       | existed until I was near the end of my junior year of college. XD
        
         | euvin wrote:
         | I took that phrase to mean "don't be blocked by any
         | institution, person, or societal expectation to pursue what's
         | interesting to you". Could be casual research, a cursory
         | glance, or a deep internal investigation of yourself.
         | 
         | Which is always good to start as soon as you're aware of it.
         | It's fine if you figure it out near the end of your junior
         | year, your first job, or a midlife crisis. "Best time to start
         | was yesterday, 2nd best is now" type of thing.
        
       | abhaynayar wrote:
       | > One useful trick for judging different kinds of work is to look
       | at who your colleagues will be. You'll become like whoever you
       | work with. Do you want to become like these people?
       | 
       | Reminded me of this gem: https://moxie.org/2013/01/07/career-
       | advice.html
        
         | hypertexthero wrote:
         | Also of this interview at Slashdot:
         | 
         | > Please, don't spend your late teens or early twenties in
         | front of your computer at a startup. If you're a young person,
         | I think the very best thing you could do is get together with a
         | group of friends and commit to a one year experiment in which
         | the substantial part of your life will be focused on discovery
         | and not be dedicated to wage work - however that looks for you.
         | Get an instrument, learn three chords, and go on tour; find a
         | derelict boat and cross an ocean; hitchhike to Alaska; build a
         | fleet of dirigibles; construct a UAV that will engage with the
         | emerging local police UAVs; whatever - but make it count.
         | 
         | -- Moxie Marlinspike
         | https://interviews.slashdot.org/story/11/12/19/179256/moxie-...
        
           | _dark_matter_ wrote:
           | We don't deserve Moxie. What an inspiration
        
           | Alacart wrote:
           | While I agree that would be great for many people, how are
           | 99% of young people supposed to survive during this time? How
           | do they pay their rent, buy groceries, and pay for these
           | explorations without wage work?
        
       | alexashka wrote:
       | Work is what you do to keep society and your place in it going.
       | 
       | Hence it's an intersection of what society needs and what you are
       | capable of.
       | 
       | The issue with modern degenerate society is that nobody'll tell
       | you what society needs - you're supposed to figure it out through
       | gossip.
       | 
       | This is extremely stupid.
       | 
       | People who write articles attempting to solve collective problems
       | at an individual level are blaming the victim _and_ giving
       | terrible advice without realizing it. So it goes.
        
         | theGnuMe wrote:
         | Well the reason is that nobody knows what society needs... or
         | stated differently, what ends up being useful is non-obvious.
         | So you can't plan it outside of some general parameters.
        
       | asdf6969 wrote:
       | Extremely out of touch and not useful at all. He needs to learn
       | how to tell when he has something important to say and when he's
       | just yapping. How can he think making just a little bit of money
       | is even an option? I have a very high income and I still can't
       | afford a home. I can't even imagine how terrible my life would be
       | if I took risks.
        
         | msvan wrote:
         | This is because you chose to live an expensive life. Most of
         | the world gets by on less.
        
           | asdf6969 wrote:
           | I spend around 25% of my income
        
         | Sebb767 wrote:
         | > I have a very high income and I still can't afford a home
         | 
         | This is only true if you limit your choices of homes to popular
         | areas. Homes out in the country are usually easy to come by,
         | especially with the salary of someone working in tech. Now, if
         | you want to live in a big city, this is obviously not true, but
         | this is arguably a livestyle choice to spend money, which you
         | then need to earn [0]. If you love farming more than anything,
         | moving to flyover country and make your living doing that is
         | entirely possible, which is the point PG is making.
         | 
         | [0] I don't mean to say that the housing bubble is not a bad
         | situation, but this does not invalidate the argument.
        
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