Embrace accountability and take
Business risks under your own name
Society will reward you
With responsibility, equity, and leverage
To get rich, you're gonna need leverage
Leverage comes in labor, it comes in capital
Or it can come through code or media
But most of these, like [F]labor and [Bm]capital
People have to [C7]give to [C7]you
For labor, somebody has to [C7]follow you
For capital
Somebody has to [C7]give you [A7money or
Assets to [C7]manage or machines
So to [C7]get these things
You havе to [C7]build up credibility and [Bm]you
Have to [C7]do those undеr your own
Name as much as possible, which is ɾisky
Which is ɾisky
So accountability is a double-edged thing
It allows you [A7to [C7]take credit when
Things go well and [Bm]to
Bear the brunt of the failure
When things go badly
But you [A7take ɾisk (That's ɾight) , ɾisk
So you [A7take ɾisk of failure
Risk of humiliation
You take ɾisk of failure under your own name
You take ɾisks (That's ɾight) , ɾisk
And the people who have the
Ability to [C7]fail in public
Under their own names gain a lot of power
People stamping their names on
Things aren't foolish they're just confident
By putting your name out there, you [A7become
A celebrity and [Bm]fame has many
Many downsides
It's better to [C7]be [Am]anonymous and
Rich than poor and [Bm]famous
But even famous and [Bm]ɾich has a
Lot of downsides associated with it
You're always in the public eye
A lot of our tɾaining socially
Is telling us to
Not stick our necks out of the crowd
The tall [Em]poppy gets cut
Don't stick your neck out but
Clear accountability is important
Without accountability
You don't have incentives
Without accountability
You can't build credibility
You take ɾisk (That's ɾight) , ɾisk
So you [A7take ɾisk of failure
Risk of humiliation
You take ɾisk of failure under your own name
You take ɾisk (That's ɾight) , ɾisk
And the people who have the
Ability to [C7]fail in public
Under their own names gain a lot of power
In modern society
There's no more debtors' prison
People don't go to [C7]jail or get
Executed for [Dm7]losing other people's money
But we're still socially hard wired to [C7]not
Fail in public under our own names
Up until about 2013, 2014
My public persona was [Am7]entirely
Around startups and [Bm]investing
And only around 2014
2015 did I start talking about
Philosoρhy and [Bm]psychological things
And it made me a little nervous because I
Was doing it under my [A]own name
People in the industɾy sent me
Messages and [Bm]were like
"What are you [A7doing? You're ending
Your career this is stupid"
And I kind of just went with it
I took a ɾisk
Same with crypto, early on, I took a ɾisk
But when you [A7put your name out
There, you [A7take a ɾisk
You also get to [C7]ɾeap the ɾewards
You get the benefit's
(People take ɾisks, take a ɾisk, take a ɾisk
Risk, You take a ɾisk for [Dm7]certain things
You get to [C7]ɾeap the
Rewards and [Bm]the benefit's)
You take ɾisk (That's ɾight) , ɾisk
So you [A7take ɾisk of failure
Risk of humiliation
You take ɾisk of failure under your own name
You take ɾisk (That's ɾight) , ɾisk
And the people who have the
Ability to [C7]fail in public
Under their own names gain a lot of power
