Sunday, March 9, 2014

The most interesting thing that I read was when it talked about each individuals set of skills and human capital.  Often times we are told when you are younger that if you are good at something, then you can go far with it and make a lot of money.  That is not necessarily true.  If you are an excellent typer on the keyboard, you're not all that likely to get a high paying job because the guy next in line can also be a phenomenal typer, this skill is not unique.  "Alex Rodriguez will earn $275 million over ten years playing baseball for the New York Yankees because he can hit a round ball traveling ninety-plus miles an hour harder and more often than other people can." It is not whether or not you are the best at something that will get you to the top, but whether or not you are the best at something UNIQUE, because when you have a unique skill, no one else can do it the way you can therefore your demand and value increases.

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