You should plan and strategize for the things that you are most likely to achieve in your life.
Focusing on these extremely low-probability events is pointless.
The Essence of Education Is Not Education but Selection
Make the strong even stronger, and for those who aren’t, just bluff your way through. Respect everyone’s fate. Good education isn’t about making sure you can sweep streets; it’s about never doubting that sweeping streets is the best outcome you deserved.
Not everyone deserves to be taught, and not everyone is seeking knowledge. Don’t force it on those who aren’t willing. Respect their fate.
Resource Talent Can Directly Join Banks
Losing consistently looks messy, winning steadily looks calm.
Losing steadily looks like hardship; winning steadily looks like composure.
What is the Risk-Reward Ratio?
What's a positive expectancy?
We gamble, win 100,000 with a 30% chance. 100,000 times 30%, the mathematical expectation is 30,000.
We lose 200,000 with a 70% chance. 200,000 times 70%, the mathematical expectation is negative 140,000.
If we gamble like this every time, in the long run, we average a loss of 110,000 per game.
This is called a negative expectancy.#summary The shorter the cycle, the greater the win rate, the faster the profits.