Little Rules About Big Things

A few things I’ve come to terms with:

There is rarely more or less economic uncertainty; just changes in how ignorant people are to potential risks.

You should obsess over risks that do permanent damage and care little about risks that do temporary harm, but the opposite is more common.

The only way to build wealth is to have a gap between your ego and your income.

Everyone belongs to a tribe and underestimates how influential that tribe is on their thinking.

A lot of financial debates are just people with different time horizons talking over each other.

It’s easy to mistake “I’m good at this” with “Others are bad at this” in a way that makes you overestimate how valuable your skills are.

It’s important to know the difference between rosy optimism and periods of chaos that trend upward.

If your expectations grow faster than your income you’ll never be happy with your money no matter how much you accumulate.

The inability to forecast the past has no impact on our desire to forecast the future. Certainty is so valuable that we’ll never give up the quest for it, and most people couldn’t get out of bed in the morning if they were honest about how uncertain the future is.

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Πηγή: collabfund.com