alt Hacker News> Create value for others and don’t worry about the returns
What counts as a return is quite subjective — it goes beyond money. Respect, happiness, meaning — all of these count.
Given that, if there are no returns at all, I bet that is not a positive-sum game that could last long. Like if you give and create value for others, but the recipient has no respect for you and you receive nothing — it is not meaningful and will not last long. And you'd better walk away and start worrying about the returns.
And to be frank, look at who creates the most value in the world — they also could be the richest. That is no coincidence. Take Elon Musk — tremendous positive-sum deals with people everywhere, and all together, that's what got him to the top.
Kudos to all the entrepreneurs who work hard and create deal opportunities that could make everyone win.
Replies
You've constructed a strawman; geohot never argued you shouldn't ever receive returns. He argued you shouldn't worry about them, which is not the same thing. His argument hinges on the idea that creating surplus value will bring you returns, but worrying about what those returns are is pointless; those returns, as you say, could be monetary, happiness, fulfillment, power, etc.
And I would argue Elon (himself) stopped creating surplus value quite some time ago; some of his companies still do (Neuralink, SpaceX) but companies like Tesla and Boring are explicitly rent-seeking at this point. Tesla disrupts traditional, rent-seeking dealership models, but it simultaneously utilizes lobbying to secure favorable policies and economic advantages, with the goal being to block out other upstarts and competitors from competing.
And no, I do not count either the non-working Optimus or robotaxi as 'surplus value.'
>Take Elon Musk — tremendous positive-sum deals with people everywhere, and all together, that's what got him to the top.
Ah yes, "tremendous" positive-sum deals like:
>Musk admitted to his biographer Ashlee Vance that Hyperloop was all about trying to get legislators to cancel plans for high-speed rail in California—even though he had no plans to build it.
https://time.com/6203815/elon-musk-flaws-billionaire-visions...
(Added Later :-) )
100% agree with geohot's point on creating value for others and playing the positive-sum game. It is the way. Just a small reminder that sometimes we could worry about the return a tiny bit, as we need returns to verify positive-sum value creation and to scale it.