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David Rosenthal & Ben Gilbert - From Obsession to Profession - [Art of Investing, EP.2]

Joys of Compounding

NOTE

Don't Be Talent on the Business

When signing an employment agreement, the company is making a profitable trade for your labor, unless you work for a startup where it's uncertain. Microsoft, for example, pays employees a certain amount and expects more in return. As you become aware of this, you might want to capture the surplus for yourself. Early in your career, the tradeoff of capped upside is beneficial because you gain experience and mentorship. But eventually, you may no longer want to trade the surplus. Taking an entrepreneurial leap involves risk and uncertainty, but studying successful people like Taylor Swift and Oprah Winfrey shows that being the CEO of your own business can lead to success. However, it's important to be cautious of survivorship bias and understand that what works for them may not work for you.

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