yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

The Three Forms of Leverage


less than 1m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

There are three broad classes of Leverage. One form of Leverage is going to be labor, which is the oldest form of Leverage—other humans working for you. That's actually not a great one in the modern world. It used to be great in the old world, but in the modern world, people are onto it. So, everyone's always playing a status game and trying to become the lead monkey in the tribe.

Having people work for you is a difficult form of leverage. Then there's Capital, which is a more recent invention. It's only about, you know, a few thousand years ago. It goes back to the agricultural age, and so that's money. If you have money as a form of Leverage, that's a good one. It means like every time you make a decision now, you multiply this with money, and that's why fund managers and Venture capitalists and so on seem to do well.

Then the final form of Leverage is a brand new form of Leverage, and that's like the most democratizing one. That is products that have no marginal cost of replication. So that would include books, it would include media, it would include movies, it would include code. Code is probably the most powerful form of Leverage that is permissionless. All you need is a computer; you don't need anyone's permission.

More Articles

View All
Ask Sal Anything! Homeroom Thursday, October 29
Hi everyone, Sal Khan here. Welcome to our homeroom live stream! Today, we have a disappointing guest—it is me. We’ll be doing an “Ask Me Anything,” so feel free to start putting your questions in the message boards down below or wherever they are on the …
Touch - Mind Field (Ep 6)
- When it comes to illusions, optical illusions get all the attention. But the whole body you have can be fooled and can fool the brain. One of my favorite physical illusions is the thermal grill illusion. And you can do it right at home. I have some hot…
The Internal Political Conflict
Um, what are you paying attention to? What is concerning to you as it relates to the conflict internally? Um, now, and very classically, um, there’s the emergence of populism on both sides. Populism on the right, populism on the left. Populism means, um,…
Nanotechnology: A New Frontier
The world is shrinking. There’s a deep and relatively unexplored world beyond what the human eye can see. The microscopic world is truly alien and truly fascinating. I’m delving further than the microscopic scale; I’m going to explore the potentials of wo…
How Philosophers Handle Rejection (Diogenes, Schopenhauer, Epictetus & Zhuangzi)
Living in absolute poverty, the great cynic philosopher Diogenes slept in public places and begged for food. One day, he begged in front of a statue. When someone asked him why he did so, Diogenes answered: “To get practice in being refused.” For a beggar…
Roe v. Wade | Civil liberties and civil rights | US government and civics | Khan Academy
Hi, this is Kim from Khan Academy. Today we’re learning more about Roe vs. Wade—the 1973 Supreme Court case that ruled that the right of privacy extends to a woman’s decision to have an abortion. To learn more about Roe vs. Wade, I spoke to two experts on…