With Talent, You Command Money and Power; Without It, Decline Is Inevitable
When you have talent, people will spend their money and use their power on your behalf.
But without talent, your decline is inevitable.
Earnings depend on how many needs you fulfill, not on exam scores.
Just because you scored higher than me doesn't mean I owe you money, right? I only pay you when you fulfill my needs, r…
Toulongduan Means Forcing Purchases Without Complaint
The last thing investors want is uncertainty. You can be as strong and excellent as you want, but if your success relies on external markets, you’re playing with one hand behind your back.
Many people are not inherently foolish; they simply never get the chance to show it.
People go through several rounds of trying, and some find a way out, while others realize they're simply not cut out fo…
There are two types of management: simple management and complex management.
Simple management doesn't really require management skills at all. HR screens for people with similar educational backg…
The degree to which people believe in a commitment shapes their behavior.
What you believe, you hold onto; what you don't, you sell off.
Wealthy people rebalance their portfolios
Professional investors are simply doing the math—figuring out whether something is ridiculously expensive or incredibly…
They’re Not Saving Money, They’re Saving Attention
Jobs didn’t buy fewer clothes to save money for investment — he did it so he wouldn’t waste attention on what to wear. …