refinement | llct
updated 1mo ago
updated 1mo ago
sari and added
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 moresari added
A system has a purpose, path for achieving that goal, and problems to invest energy in along the way. Society has had years to construct systems for the attention of the masses. If you don’t want to live an average life, time must be dedicated to both creating and maintaining systems in all areas of your life.