The Wise Wait: Why Most People Busy Themselves Uselessly
Investing isn't simple, and anyone who thinks it is is a fool.
If you notice that many people believe investing is easy, that just means someone's bound to play the fool.
Investing isn't simple, and anyone who thinks it is is a fool.
If you notice that many people believe investing is easy, that just means someone's bound to play the fool.
Your salary doesn't necessarily reflect your true ability.
The simplest way to judge is: if you walked away from every company today, how much money could you still make on your own? That's the amount that truly represents your own capability.
When you're analyzing a situation, the first step is to truly understand all the people involved.
The hallmark of self-made entrepreneurs is that they won’t invest until they’ve found a successor to take over.
When hot money floods in, everyone can command high salaries. Why? Because the capital market runs on imagination. The more aggressively you spend, the more investors will shower you with funds. But if you’re tight-fisted, they’ll write you off—they see the hesitation, the lack of confidence, and if you don’t believe in yourself, how can they?
On a micro level, what cards are in your hand, and what you're good at; on a macro level, what the environment you're in allows you to do.
People need to combine their own aspirations with the demands of their environment.