Patrick O'Shaughnessy explains why he prefers following foundational principles rather than setting specific life or business goals.
Insight
O'Shaughnessy: Creators and entrepreneurs must ignore base rates to achieve outliers
“I think, like, screw base rates. I don't care what the, I never care what the base rate is. Like, the whole, the most interesting stuff is outliers by definition. So I don't care what happened to everybody else. I don't care if, you know, there's common pitfal…”
Opinion
O'Shaughnessy: Online content is junk food and audiences crave crafted work
“The world is so sick of this crap just all day, every day. It's just crap. And it's, everyone makes the junk food comparison because it's a perfect comparison. Like junk food got to where it was because it's been optimized for us to want the most of it possibl…”
Insight
O'Shaughnessy: The best story wins, defined by originality, hardship, and transformation
“The best story always wins. And I actually spent the last couple of months, like, really trying to figure out what do I think best story means? And the best principles for a great story that I could come up with were originality, hardship, and transformation.”
Insight
O'Shaughnessy: Success typically pulls creators into branching into multiple businesses
“Most people that have achieved a level of success in their field or in their job that you have begin to The world, when that happens, pulls you into this branching exercise where you end up doing lots of different stuff. And that, you know, you end up monetizi…”
Insight
O'Shaughnessy: Inventing on principle means correcting violations to serve others
“The principle should be something that when you see it violated, it is your obligation to go correct it, and that that correction is an act of service for other people, not for yourself. It's not about you. And that's what makes the idea so powerful.”
Insight
O'Shaughnessy: Dirty fuel generates success but consumes people from within
“Dirty fuel works really well, but it consumes the person in a way that I would far rather die, you know, nobody knowing who I am with no worldly, you know, success, but having people that Could count on me, rely on me. I was faithful to, that I was loyal to.”