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Advice For Young People

I was at a party earlier tonight, talking to a guy who had lived in rural China for a while. The girls there, he told me, were naturally very beautiful, but didn't take care of their hair or skin. All I could think was what a huge opportunity existed for those girls: be the one girl who breaks convention and spends a bit more time on those things, and you could be the prettiest girl in your town.

No, my advice for young people isn't to be the prettiest girl in town. Hang on...

Opportunities often hide behind rocks of convention. Women, traditionally, haven't made up more than a few percentage points of poker players. But when a woman DOES play, she actually has a significant advantage, because the men she's up against will assume she's not very good. Sure, she still has to be a good player and learn the game, but the rewards for her effort are probably higher than a man's.

Roughly What You Deserve

Back when I was gambling professionally, it seemed like everyone had an opinion on which casino was rigged. I never really thought that, but I also didn't really think that I was winning as much as I was supposed to. To test this, I recorded every single session I played for over a year. Guess what? I was within a fraction of one percent from where I was supposed to be statistically. I learned that not only were the casinos not rigged, I wasn't very good at mentally aggregating lots of independent events.

I think that in real life, we all have a natural inability or unwillingness to accept that we generally receive what we deserve. Before I get into this, though, I'll say that it definitely isn't true all of the time. I offer the idea here just a useful tool and framework, not to pass judgement. For example, I know people who have lost close family members, people who have been raped, and people who have been affected by other horrible things. I don't think that they deserve those things or earned them in some way. I think they're an unfortunate side effect of the chaos and variance of life, which is otherwise a good thing.

When I was around twenty, I knew for a fact that I would become rich by the age of twenty-five. Twenty five was really old and I knew that I was special, so it made perfect sense to me that I'd be rich by then. I put in a moderate amount of effort, and made moderate progress towards my goal, but didn't really even close. When I turned twenty five, I was at least a little bit surprised that I wasn't a millionaire yet.

I'm still not a millionaire, but I'm not surprised about it anymore. I've seen people work harder than me and work smarter than me and become rich. I've seen the dedication it takes, and I've seen how that compares to what I have typically put in.