Life Principles
Read for two hours everyday
Output > Horsepower
Learning System > raw Intellect (Dawin)
Notice people
Absolutes are rare birds
“If you follow the herd, you invite regression to the mean”- Munger
The trick is to not mind the discomfort
Wealth is lost, nothing is lost, health is lost something is lost, character is lost, everything is lost (Upanishads)
Win- Win- (Game theory)
Unchain yourself from loss aversion (kahneman/tversky)
Inner scorecard
The world is more plastic than people think
See the world from the top down and bottom up (Patton)
Live for ripe fruit (delayed gratification)
Can or cant, you’re right
Stand guard to the gate of your mind, you become what you think about
Compound yourself,health, mind loved ones, business, investments, life experiences(compound interest)
Wisdom is prevention,Wisdom is knowing what to overlook, Wisdom is humility,Wisdom is knowing the long term consequences of your actions, Wisdom is acknowledging ignorance.
Simple ideas pursued with intensity
Invert always invert
Good company is real wealth
Velocity over speed
Simple > Complex
Equanimity in at every point of the pendulum (If- Kipling)
Growth or decay( To grow everyday is to truly live)
Mix things not found together (Alloying- Copper+Tin=Bronze
Go positive, go first (Third law of motion)
What angers you is a path to self discovery (Jung)
Human nature never changes (Every market cycle ever)
The crowd is singular personality (Every market cycle ever)
Some chaos amongst all the order is a good thing
Align with the world and it will do the work for you- Tussman
Play Long term games with long term people
