The Uncomfortable Truth About Moats: A CEO's Letter to a Student on Motivation and Strategy

TL;DR: A student's honest question about a lack of motivation reveals a deeper truth about success: it is built on cumulative advantage. The idea that a short burst of effort can erase years of deficit is a comforting but dangerous fantasy. The truly strategic path is not to despair, but to perform a clear-eyed assessment of your position and, if necessary, have the courage to choose a different game to play—one where your unique efforts can build a new and formidable moat.

I recently received a question from a high school student, and his honesty was so direct and his dilemma so universal that I felt it warranted a thoughtful, unvarnished response.

He's in his final year, struggling with a poor academic foundation and, more importantly, a profound lack of motivation. He knows he's not unintelligent—he recalls a time when a passion for history propelled him to the top of his district—but for the subjects he faces now, he simply doesn't want to learn. He feels anxious, seeing his peers ahead, and asks: as a high-achiever, what is the secret? How can he find the motivation to catch up?

There is a simple, comforting answer—the "fake talk," as the original author of a similar piece I read called it. It's the story we all know: "It's never too late to work hard. The best time to plant a tree was ten years ago, and the second-best time is now. Just start." These are not untrue statements, but in this context, I feel they may be unhelpful.

So, let's have a real conversation.

The Uncomfortable Truth About "Moats" and Cumulative Advantage

I want you to consider a question that strikes at the heart of how our society is structured: If an average person could, with ten years of focused study, surpass the accumulated advantages your family has built over three generations, then what would be the point of that generational effort?

If advantages were so easily erased, the logical response for everyone would be to stop striving for the future. No one would save or invest for their children, because their life's work could be rendered meaningless by a decade of someone else's effort. No one would take the immense risks of entrepreneurship if there were no lasting value created. The world would grind to a halt in a state of universal apathy.

The fact that our world is not like this points to a fundamental truth: "moats" are real, and cumulative advantage is a powerful force. The hard work your classmates have been putting in since their first year of primary school isn't a pointless exercise. For eleven years, they have been diligently digging a moat and building a fortress of knowledge and discipline. To believe that you can storm that fortress with one year of effort is, to be blunt, a fantasy.

If it were possible, no one would bother with the preceding eleven years of hard work. The system of effort and reward would collapse. The diligent students are not fools; they are strategic. They endure the hardship precisely because they know they are building a barrier that is difficult for others to overcome quickly.

On "Miraculous Comebacks" and Hidden Foundations

I've shared stories of my own unconventional path, and some might mistake them for tales of miraculous comebacks against all odds. But what often looks like a "counter-attack" from nothing is almost always built upon a hidden or forgotten foundation. I once knew a brilliant fellow student in university who had a top-tier academic record before we both slacked off. I suggested we could "game the system" by cramming for the graduate entrance exams to salvage our situation. He refused. His reasoning was the same as the principle I'm sharing now: if that's possible, it devalues the entire system of consistent effort.

He was right, in principle. My ability to even consider such a gambit was only possible because of the strong foundation I had built over the twelve years before university. It was not a comeback from zero. In this world, there are no true comebacks from zero. As Sun Tzu taught, every battle that seems to be won by the smaller force is, in fact, a victory for the side with the greater comprehensive strength.

The Strategic Audit: What Do I Have? What Do I Want? What Can I Forfeit?

So, your current challenge is not merely a lack of courage or motivation. It is a deficit of an 11-year academic foundation. This brings you to a critical strategic crossroads, where you must ask yourself three honest questions:

  1. What do I have? An honest accounting of your current assets—skills, interests, resources, and foundations.
  2. What do I want? A clear vision of your desired outcome.
  3. What am I willing to forfeit? An acknowledgment of what you must give up—be it time, comfort, or a particular path—to achieve that outcome.

You mentioned your fascination with history and the success you had when you were engaged. That is a real asset. Your self-awareness is an asset. But in the academic race you are currently in, your foundation is weak.

The Two Paths, Re-Framed

This honest assessment leaves you with two strategic paths, not just "work harder or give up."

  1. The Path of Redemption: This involves committing the next ten, twenty, or even more years to make up for the time you've lost. It means acknowledging that the deficit is real and requires an extraordinary, long-term effort to overcome. It is a valid path, but it is an incredibly arduous one.
  2. The Path of Strategic Realignment: This is not about "lying flat" in the sense of giving up on life. It is about giving up on a game you are structurally positioned to lose. If you are starting a 100-meter dash when your competitors are already at the 80-meter mark, the most strategic move is not to run yourself into the ground for a slim chance at a respectable finish. The most strategic move is to find a different race to run.

A Final Word on Motivation

You asked how to find motivation. Nobody can give it to you. A wolf hunts a sheep out of instinct, not because it was taught to. You cannot teach a rabbit to desire meat.

Your own experience with history proves this. You didn't need anyone to motivate you; your interest was the engine. The challenge, therefore, is not to force motivation for subjects that don't ignite your interest. It is to have the courage to find a new path, a new "game," where your natural instincts and interests can become the engine for building a new and formidable moat of your own.

The real "tough talk" isn't to tell you to give up. It is to urge you to give up the fantasy of an easy comeback on a path where you are years behind. Your great opportunity now is to use this moment of clarity to strategically pivot, to choose a new direction where your discipline and effort—which I know you possess—can be channeled toward becoming number one in a field that truly inspires you.

The Uncomfortable Truth About Moats: A CEO's Letter to a Student on Motivation and Strategy
James Huang June 23, 2025
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