Brief Summary
This video discusses the concept of "specific knowledge," which is unique expertise that a small group of people possess, often stemming from personal passions and hobbies. It emphasizes the importance of acquiring skills that are not easily trainable or replaceable, as these skills are more valuable in the marketplace. The video uses the example of deep learning algorithms to illustrate how a seemingly esoteric hobby can transform into highly sought-after specific knowledge when societal needs and technological advancements align. Finally, it highlights the need to build a personal brand and reputation to effectively deliver and capitalize on that specific knowledge.
- Specific knowledge comes from passions and hobbies.
- It's hard to train and replace.
- Personal brand and reputation are important.
Specific Knowledge
Specific knowledge is defined as expertise known only to you or a small group. It often arises from passions and hobbies, especially those involving intellectual curiosity. These hobbies can lead to skill sets that society doesn't yet know how to train, making them difficult to replace. The inability to easily train or replace someone with specific knowledge increases their value. The goal is to possess skills that are rare and in demand.
Example of Specific Knowledge
The video uses the example of being interested in computer programming and esoteric deep learning algorithms. Initially, this might seem irrelevant until society develops large datasets and powerful computing machines, leading to an AI revolution. At that point, the hobby transforms into valuable specific knowledge.
Brand and Reputation
Once you have specific knowledge, it's important to be recognized as the go-to person for that expertise. This requires building a brand and reputation to effectively deliver and capitalize on your unique skills.
