• Concept of just one of those

  • Everything in the world has already happened before. So just pause and see what script is going to run, when you take that decision. Like when a snake comes at you, you know that its a snake, you can think of ways to deal with snakes and how does reality work. Think of who has already worked on those and who can help me navigate it.

• Whenever you are about to make an important decision. Write.

  • What type of decision was it ?
  • Why did I make that decision that way ?

Pain + reflection = Progress

• My failure in 81&82 has taught me humility, fear of being wrong, let me stress test my thinking.

  • How do I know I am right.
  • Being successful has more to do with your not knowing than anything you know.
  • Stress test with you know who can disagree with you.

• Calculate how much week, months and years you can live with your savings. This gives you security.

• Residence is forced savings. It's your tax deductions.

• Common mistake, thinking that the investment that did good is a good investment.

• Diversification will reduce risk without reducing return.

• Have great humility on what you don't know.

• Pay attention from the feedback you get back from reality.

• Principles are essentially recipes for dealing with situations that happen over and over again.

# References

• Wealth Education