Doing trivial things wastes your limited resources and energy
What you’re really competing on isn’t who puts in the most, but who strikes the right balance.
Investment Risk People
People who invest for risk don't care whether your valuation is high or low, whether your actual profitability justifies it, or any of that. They care about one thing only: if I buy at this price, will someone be willing to pay me more for it?
For many, one rule is all you need for financial investing
Income-generating assets beat price-guessing ones. Anything that brings you joy and has practical use is better than ha…
Understanding the Recent Interest Rate Substitution
On July 14, 2023, the State Council Information Office held a press conference on China's financial statistics for the …
We Can Only Believe What We Understand
Because people cannot understand a world beyond their cognition, they are incapable of believing in things that exceed …
Characteristics of an Economic Downturn Cycle
Consumption expectations are deteriorating, investment outlooks are weakening, everyone’s busy paying down debt and cutting unnecessary spending, leading to poor cash flow and very little willingness to spend.
Demand for essentials won’t change much, but many non-essential expenses will be cut back.
In this environment, essential businesses that generate cash flow are good businesses. In upswings, only those that can leverage debt to boost profits are truly great ventures.
Two Simple Things That Can Block Many People’s Entire Lives
1. Most people simply don't know how to evaluate value—they lack the mental habit of figuring out exactly what somethin…
Many people approach problems by asking, “What is correct?”
Some people instead ponder what's actually actionable?
When someone is accustomed to the former, they immediately ju…