Doing what Warren Buffett does works very well for Warren Buffett. The odds are good that it won't work for you. "Choose the right things" is pretty vacuous advice.
[1] https://highexistence.com/images/view/illustrated-advice-fro...
Doing what Warren Buffett does works very well for Warren Buffett. The odds are good that it won't work for you. "Choose the right things" is pretty vacuous advice.
[1] https://highexistence.com/images/view/illustrated-advice-fro...
He wasn’t saying “bet it all and jump off a cliff and hope you’ll land”. He just said “feel free to stake your own path”. The quote you link also includes staking your own path as a homemaker.
The central takeaway from his advice was to try to find meaning and happiness in what you do. It worked out extraordinarily well for Watterson but his advice applies to far more pedestrian cases too.
It's perhaps especially true for comedy. You can see it when you watch a comic on TV: they're much less funny than in person, because you're not surrounded by a lot of other laughing people. The same routine by the same person can get little more than snickers when done at somebody's open mic night -- unless somebody recognizes that they're famous. Celebrity reinforces itself.
Burnham is very talented and I'm sure he worked like crazy to market his work. But he will also tell you the names of a hundred others who are equally talented and worked equally hard, but you've never heard of them. The market for celebrity is very fickle, heaping huge rewards on a few, but drop off rapidly for people who aren't in the hump of the long tail.
Warren Buffett isn't profiting from celebrity in the same sense, but there's a similar effect where the biggest winners are lucky as well as smart. Their advice often doesn't take that into account, and it's important to measure that in your appetite for risk.
On the other hand, great work doesn't happen by accident. Great businesses are a result of good management. Good products are results of good design. Those don't happen by accident, just like a great program doesn't write itself. You may not be a warren buffet, due to limited opportunities. But, you could leave someone like that penniless and nameless and i'm sure he could leverage his skills and knowledge to be "successful", even if not a mega-billionaire.
Marketing and sales is an important component which is left out (if you care about making money). That's also something you can deliberately work on and improve.
The lottery analogy is quite accurate, yes.
I have no idea the rate of job quitters to successful cartoonists.
Or the rate of successful cartoonists who kept their job (Adams).
I still like to read this insight, but trying to make some axiom or judgement out of it is only useful for demonstrating that I’m not very smart for saying such a thing.
This happens quite a bit.