Become OK with a lot of things going wrong. You can be wrong half the time and still make a fortune, because a small minority of things account for the majority of outcomes. No matter what you’re doing with your money you should be comfortable with a lot of stuff not working. That’s just how the world is. So you should always measure how you’ve... See more

We should avoid the extreme ends of financial planning. Assuming you’ll be happy with a very low income, or choosing to work endless hours in pursuit of a high one, increases the odds that you’ll one day find yourself at a point of regret.

If respect and admiration are your goal, be careful how you seek it. Humility, kindness, and empathy will bring you more respect than horsepower ever will.

Not “growth” or “brains” or “insight.” The ability to stick around for a long time, without wiping out or being forced to give up, is what makes the biggest difference. This should be the cornerstone of your strategy, whether it’s in investing or your career or a business you own.

The challenge for us is that no amount of studying or open-mindedness can genuinely recreate the power of fear and uncertainty.

The people who oppose your perspective are the best people to point to your blind spots and help you avoid making mistakes or fighting for the wrong thing.

Second, most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you’re probably being slow. . . . If you’re good at course correcting, being wrong may be less costly than you think, whereas being slow is going to be expensive for sure.

mere-exposure effect (we tend to prefer things that we have become familiar with)

When you notice anxiety, pause and ask yourself: are you anxious about what is true, what is meaningful, or what is useful?