Akira The Don, Naval Ravikant - Doing On The Job lyrics

Business to me is bottom of the barrel
There's no actual skill called business
It's too generic of a thing
It's like a skill called relating
Like relating to humans, that's not a skill
It's too broad so a lot of what goes on
In business is essentially just anecdotes
They call it case studies
But it just anecdotes
And they're trying to help you
Pattern match by throwing lots
Of data points at you, but the reality is
You will never understand them fully until
You're actually in that position yourself
(Until you're actually in
That position yourself)

You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job
You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job

Even then you will find that basic
Concepts from game theory and
Psychology and big mathematics, computers
And logic will serve you much
Much better i would focus on the foundations
I would focus with a science bent
I would develop a love for reading
That is a foundation for your self-education
When it comes to your learning curve, if
You wanna optimize your learning curve, one
Of the reasons I don't love podcasts, even
Though I'm a generator of podcasts
I like to consume my information very quickly
I can read very fast but I can
Only listen at a certain speed
And it's hard to go back
It's hard to highlight
It's hard to pinpoint snippets and
Save them in your notebook
A lot of people think they can become really
Skilled at something by watching
Others do it
Or even by reading about others doing it
You're gonna learn a lot more
By operating your own
Lemonade stand, that is how
You're gonna learn, on the job
Because a lot of the subtleties don't express
Themselves until you're actually
In the business you know
I've learned that tit-for tat iterated
Prisoner's dilemma is the piece
Of game theory that is worth knowing the most
The best way to learn game theory
Is to play lots of games
I never even read game theory books
I consider myself extremely good
At game theory i've never opened up a game
Theory book and found a
Result in there where I was like, "Oh, yeah
That's common sense"
I just grew up playing all kinds of games
And so it's just second nature to me

You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job
You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job

You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job
You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job

But doing is a subtle thing
That word "doing" encapsulates a lot
If I start a business where I go in
Every day and I'm doing the same thing
Let's say I'm running a retail store
Stocking the shelves with food
And liquor every single day, I'm
Not gonna learn that much
I'm repeating things a lot
So I'm putting in thousands of hours
But they're thousands of hours
Doing the same thing
Thousands of iterations
That would be different
The learning curve is across iterations
If I was trying new
Marketing, changing up the inventory
Branding and the messaging
Changing the sign
It's the number of iterations that
Drives the learning curve
The more iterations, the more shots on goal
The faster you're gonna learn
It's not just about the hours put in
The way we're built, the way
The world presents it'self
Offers us very easily the opportunity to do
The same thing over and over
Really, we'd be better served if we went off
And found ways to do new things
Doing something new the first
Time is painful
And high odds are that you will fail
So you just have to get very
Very comfortable with frequent small failures
So you just have to get very
Very comfortable with frequent small failures

You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job
You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job

You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job
You can always learn better by
Doing it on the job by doing it on the job
By doing it on the job

Nassim Taleb made his wealth
By being a trader
He relied upon black swans
Losing little bit's of money every day and
Then once in a blue moon
He would make a lot when the
Unthinkable happened for other people
Most people want to make little
Bit's of money every
Day, in exchange they'll tolerate
Lots of blow-up risk
They'll tolerate going completely bankrupt
We're not evolved to bleed a little every day
If you're out in the natural environment
And you get a cut, you will eventually die
You have to stop that cut
We're evolved for small victories all the
Time but that becomes very expensive
That's where the crowd is
That's where the herd is
So if you're willing to bleed
A little bit every
Day but in exchange you'll win big later
You will do better
That is, by the way, entrepreneurship
Entrepreneurs, bleed every day
They're not making money
They're losing money, they're constantly
Stressed out, all the responsibility
Is upon them, but when they win they win big
On average they'll make more