You’re always aiming for the best within a company you can actually get into—not necessarily the absolute best in the world.
The genuinely top-tier ones are often out of reach. This is a reality every investor has had to face.
Only what’s within your grasp can realistically become yours.
How to become a rich person?
From a technical perspective, it only takes two things.
1. You own equity in something.
2. Sell as much of that equity as you can to others.
The most straightforward is interest rates.
When you deposit money in a bank, the bank pays you interest. When you take out a mortgage to buy a house, you pay interest to the bank. Over a 30-year loan term, the interest equals the principal—on a $200,000 mortgage, you repay $400,000 in total ($200,000 principal plus $200,000 interest). This already represents the lowest cost of capital.
The public perception may make it sound derogatory, but it isn't actually a failure.
Because compared to people in similar circumstances, he clearly stands far above them.
The greatest value lies in self-awareness.
Self-awareness means seeing what you lack and recognizing what others possess, yet still finding contentment in what you already have. #ReadingNotes