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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.
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The challenge for us is that no amount of studying or open-mindedness can genuinely recreate the power of fear and uncertainty.
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When you notice anxiety, pause and ask yourself: are you anxious about what is true, what is meaningful, or what is useful?
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What kinds of distortion occur most often when you are angry? One of the greatest offenders is labeling. When you describe the person you’re mad at as “a jerk” or “a bum” or “a piece of shit,” you see him in a totally negative way. You could call this extreme form of overgeneralization “globalizing” or “monsterizing.” Someone may in fact have... See more
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you can learn to change the way you think about things, and you can also change your basic values and beliefs. And when you do, you will often experience profound and lasting changes in your mood, outlook, and productivity
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If the task requires substantial time and effort, it is best to break it down into a series of small steps so that each one can be completed in fifteen minutes or less. Now write down in the next column how difficult you predict each step of the task will be, using a 0-to-100 percent scale. If you imagine the task will be easy, you can write down a... See more
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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.
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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
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This may sound counterintuitive, but I deeply believe that the path to happiness in a relationship is not just about finding someone who you think is going to make you happy. Rather, the reverse is equally true: the path to happiness is about finding someone who you want to make happy, someone whose happiness is worth devoting yourself to. If what... See more