Selection of ideas I liked from reading books and blogs.
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So what do you do in a world where the bar keeps getting higher? I’ll tell you what you don’t do. You don’t give up. You don’t say, “There’s nothing I can do.” Because that is guaranteed to fail. It’s guaranteed to leave you in the same place as before while the world gets even more competitive. Instead,
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Education is free, learning is expensive That’s a complete reversal of how it used to be. So why hesitate? Why do we get stuck or avoid even acknowledging that it’s possible? Because learning is hard. It creates tension. It takes time. Most of all, it requires a commitment to becoming someone else, a bet we’re
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…to get to the future you have to survive the past. Path dependence is so important—because every action you take today influences what actions you can take tomorrow. you should never borrow too much against your future. Because a brighter future is promised to no one. Borrowing From Your Future Can Cost You Everything on Of Dollars And
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There’s something in the human mind that’s simply afraid of new territory: new situations and new feelings. This fear is meant to protect you from new forms of pain, but it can dominate your life and prevent great things from happening at all, which is probably more painful in the long run. … This fear
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In a rapidly rising market, the faster you trade, the better you’ll do — and that makes you forget that those whom the gods would destroy, they first make confident. The more you know, the higher the odds that you’ll make a serious mistake. That’s why it’s not the beginners who tend to die at
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The world is full of free invitations to self-improvement that are ignored by most people most of the time. Putting it crudely, it’s easier to be fat and ignorant in a world of cheap, empty calories than it is to be fit and informed. It’s hard to resist the temptation of minimal effort. – DHH
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Whenever you trade a stock, you’re saying that you’re smarter than the person on the other side of the trade, which is generally not true. And when you think that you can time the market, you’re saying that you’re smarter than the collective wisdom of the market, which is not true more than 90% of
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[After the dot-com crash], the lesson people learned from that was not, “I should never speculate on overvalued financial assets.” The lesson they learned was, “I should never speculate on internet stocks.” And so the same people who lost 90% or more of their money day-trading internet stocks ended up flipping homes in the mid
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Loved this short essay on the importance and paradox of maintenance: Maintenance: Of Everything by Stewart Brand The apparent paradox is profound: Maintenance is absolutely necessary and maintenance is optional. It it easy to put off, and yet it has to be done. Defer now, regret later. What to do? Soften the paradox and the
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This is a great episode on The Morgan Housel Podcast. Your willingness to believe something is influenced by how much you want and need it to be true. If you tell me you’ve found an easy way to double my money in a week, I’m not going to believe you; I am just going to