Category: Reading Notes

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Consumer Society: Inducing or Compelling You to Spend

You have to spend the moment you wake up. Without a car, you can't go anywhere; without a home, you don't even qualify for a job. You face mandatory expenses from the moment your eyes open. If you can't keep up, you'll end up homeless, and every temptation around you will rapidly drain your finances, extracting the last drop of spending potential from you.

A Joke, A Scam

There's a guy with a street stall under a pedestrian overpass. He asks you to write numbers from 1 to 10 while he times…
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Principles of Trading

The first rule of trading is to bet on high-probability outcomes. If you want to consistently beat the casino over the long haul, your strategy must have an edge—meaning your winning probability must exceed 50% over time.

Traders who achieve consistent profits are almost universally free of emotional or financial baggage.

Human nature tends to seek advantages

When it comes to matters of the heart or debates over right and wrong, please respect objective reality first.

It’s not just women who wonder if a man is reliable—men wonder the same about women.

Thinking about the future is both about finding opportunities and, more importantly, avoiding risks.

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