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posted Mar 15, 2016, 11:38 PM by Chaitanya Patel   [ updated Mar 15, 2016, 11:38 PM ]
A surfer not only is carried by the wave, but it gives an exceptional forward speed to its rider, provided the surfer can get on to the wave at the right time and not get thrown off in between. The second most important thing required to ride a wave is to recognize that the a wave is approaching. Which means 90 percent of the times you would find a surfer lying on his surfing board and paddling slowly, waiting for the right wave.

A rising tide lifts all the boats. But it’s important that one keeps his or her boat ready and identifies the tide on time. Many a times the same rising tide finds some people off guard and instead of lifting, it drowns them. That’s competitive destruction.

“In a long life, you can expect to profit heavily from at least a few of those opportunities if you develop the wisdom and will to seize them. At any rate, surfing is a very powerful model.”

Every person is going to have a circle of competence. And it’s going to be very hard to advance that circle…So you have to figure out what your own aptitudes are. If you play games where other people have the aptitudes and you don’t, you’re going to lose. And that’s as close to certain as any prediction that you can make. You have to figure out where you’ve got an edge. And you’ve got to play within your own circle of competence.