• to be one person business (in datarockie’s opinion)
  1. believe in yourself
  2. comfortable with discomfort
  3. learn as you go
  4. aspire to do good things for yourself and your community
• 17
• 24 incorruptable: its important to be good person + aspire to do good thing to be happy in business world
• solo preneur (one person business)
  • business => system
  • build system to solve some ppl’s problem and get reward from them (traffic to system to revenue)
  • we fully own the system
• from the book: milionaire fast lane
  • slow lane: power from compounding effect
  • fast lane: yep
• 43 what is the system:
  1. elements: e.g. tools (internet, me, you, …)
  2. interconnections : how each element connected
  3. purposes (functions):
• btw money must be by product
• we aim to help ppl in our community
• some of elements of resiliant system
  1. stock
     • what get measure get manage: wrong
     • inflow -> stock -> outflow
       • deposit -> bank account -> withdraw
       • more stock: more inflow, less outflow
       • warn: lifestyle inflation
  2. flow
  3. feedback loop
     • desc: send information to others, get feetback
     • reinforcement loop
       • desc: add more got more
       • e.g. saving -> stock <- interest
       • compounding effect
       • clarlie munger: the first rule of compounding effect is to never interrupt it unnecessaritly.
     • balancing loop
       • e.g. inflation -affect-> bank account
  4. error
  5. delay
     • we may not get very responsive outcome
     • read book 10 years, play tiktok 10 years
  6. constraint
     • bottle neck etc.
  7. emergence
     • new property that we might not expected
  8. leverage, etc.
• what stock to keep?
  • most ppl focus on something measurable
  • something important immeasurable: skills, trust, virtue
  • for one person business (overseas)
    • list building
      • subscribe -> email list -> unsubscribe
    • email list: newsletter from substack
    • follower: vanity matrix (not real)
    • real thing: someone who can really support us.
  • skill system
    • inflow -> skill -> outflow
    • inflow: time (invest in that skill)
    • outflow: time
      • e.g. time spend with vibecoder in that specific thing

created on: Sun Aug 23 2026