Tag: bookmarks

  • Chop wood, carry water

    Chop wood, carry water

    I recently read Carl Richards’s personal finance book The Behavior Gap, in which I came across this quote that struck a chord with me: When the Zen master Wu Li was asked what to do to achieve enlightenment, he responded, “Chop wood, carry water.” When he was asked what to do when you have achieved […]

  • Price of things

    Price of things

    Money is often a negative art. What you don’t do can be more important than what you actively do. Everything has a price, and prices aren’t always clear. The price of exercise isn’t just the workout; it’s avoiding the post-workout urge to eat a ton of food. Same in finance. The price of building wealth isn’t just […]

  • Ego vs outcome

    Ego vs outcome

    When you decouple your ego from a bad outcome, it creates an opportunity for you to learn from it. When you decouple your ego from a good outcome, it saves you from future disasters. Vishal Khandelwal in How to Stop Sabotaging Your Investing In that post Vishal mentions What I learned by losing a million […]

  • Right skin thickness

    Right skin thickness

    All I can say is that writers of all ages should stay away from the extremes of hypersensitivity-to-feedback and obliviousness-to-feedback. Seek out wise criticism. Reserve time in your week for the regret that comes with getting things wrong. I promise the feeling will go away, and something else will appear in its place, which is […]

  • Big Skills = Small Skills. Compounded.

    Big Skills = Small Skills. Compounded.

    It’s tempting to want to find the one big skill that will set you apart. But most incredible things come from compounding, and compounding isn’t intuitive because the incremental inputs are never exciting on their own. Big Skills by my favorite blogger and author, Morgan Housel ↵ Back to Bookmarks page.

  • API: Assume Positive Intentions

    API: Assume Positive Intentions

    When working with people, assume good intentions. When listening to people, interpret their words in a generous way. You will occasionally get burned and mistreated by always assuming the best in others, but it is a far better way to live than the opposite. January 27, 2022 issue of James Clear’s 321 newsletter ↵ Back […]

  • Expert predictions

    Expert predictions

    I am generally skeptical about experts and their forecasts. The following quote from a humble, expert economist I respect and admire, drives my point: …there’s something I learnt in this field three to four decades ago. It doesn’t matter how many ifs, buts and caveats one sticks around a subject, people still want to know […]

  • Realism

    Realism

    The following tweet, I first found in 2014 has served me well. This is how I almost always look at things, generally. Stop wishing. Start adapting. THE PESSIMIST COMPLAINS ABOUT THE WIND;THE OPTIMIST EXPECTS IT TO CHANGE;THE REALIST ADJUSTS THE SAILS. WILLIAM A. WARD ↵ Back to Bookmarks page.

  • Making time for learning and goals

    Making time for learning and goals

    We often forget that anything in life takes time. That’s why the first step toward getting better at something is learning how to make time for it.   Fresh start effect. This psychological phenomenon makes people see the beginning of a new year (or a new semester, month or even week) as an opportunity to distance themselves […]