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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.
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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
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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.
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Calculate how much week, months and years you can live with your savings. This gives you security.
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Residence is forced savings. It’s your tax deductions.
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Common mistake, thinking that the investment that did good is a good investment.
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Diversification will reduce risk without reducing return.
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Have great humility on what you don’t know.
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Pay attention from the feedback you get back from reality.
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Principles are essentially recipes for dealing with situations that happen over and over again.
