This article dives deep into the concept of superlinear returns in work, highlighting how in many fields, the returns for performance are not linear but rather exponential. This means that the more successful you become, the more successful you are likely to become, leading to a dramatic disparity in outcomes.
Exponential growth is a key driver of superlinear returns. It occurs when the output of your work increases at an accelerating rate. This pattern is commonly observed in fields like:
The author highlights how startups, in particular, benefit from exponential growth, with companies that achieve high growth rates often becoming immensely valuable.
Thresholds represent critical points in work where success is determined by surpassing a specific level of performance. These thresholds can be found in various fields, including:
The author explains that often, crossing a threshold can lead to exponential growth, as success in one area opens doors to further success. This principle is evident in areas like battlefields, where winning a battle can lead to further victories, and markets with network effects, where a company with rapid growth can outpace competitors.
The author argues that a key strategy for identifying and capitalizing on superlinear returns in work is to cultivate a deep sense of curiosity. He suggests that pursuing questions that seem mystifying but potentially unimportant can lead to groundbreaking discoveries and new fields of study.
The author highlights the shift towards individual ambition in work, fueled by technological advancements and the declining importance of traditional organizations. This shift has dramatically increased the potential for individuals to achieve superlinear returns.
The author outlines several strategies for achieving superlinear returns in work, focusing on the importance of pursuing ambitious goals, developing a strong work ethic, and fostering a deep sense of curiosity.
The author concludes by emphasizing the inherent link between superlinear returns and inequality. He argues that the steeper the return curve, the greater the variation in outcomes, leading to a disparity in success among individuals.
The author emphasizes the importance of viewing work as a portfolio rather than solely as a job. He suggests that in fields where superlinear returns are prevalent, individuals should actively cultivate their skills, knowledge, and experiences across various projects and endeavors, even if those endeavors are not directly related to their current job.
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