I’ve Never Had a Goal
Maybe Scott Adams said it best:
To put it bluntly, goals are for losers. That’s literally true most of the time. For example, if your goal is to lose ten pounds, you will spend every moment until you reach the goal—if you reach it at all—feeling as if you were short of your goal. In other words, goal-oriented people exist in a state of nearly con
... See morePatrick O'Shaughnessy • Growth Without Goals
“Beware of looking for goals: look for a way of life. Decide how you want to live and then see what you can do to make a living WITHIN that way of life.” Scott Adams
goals are overrated - you’re losing until you achieve them and once you do you’ll have a fleeting moment of victory before you’re dissatisfied again - instead, work towards a way of l... See more
The same idea applies to investing. The continuous goal, in my case, is a portfolio that has distinct advantages versus the market along dimensions like value, momentum, capital allocation, etc. There are no price targets, no return targets, no staking my results on a given outcome for a given company. A goalless process like this is incredibly ha
... See more