Some Things I Think

The most valuable personal finance asset is not needing to impress anyone.

Nothing leads to success like unshakable faith in one big idea, and nothing sets the seeds of your downfall like an unshakable faith to one big idea.

The same traits needed for huge success are the same traits that increase the odds of failure. We should be careful praising winners or criticizing failures, because they often made similar decisions with different degrees of luck.

“It’s good to have people in your life who you don’t want to disappoint.” - Buffett

Related: Few traits are as destructive as an appetite for praise.

The best measure of wealth is what you have minus what you want. (By this measure, some billionaires are broke.)

Social media makes more sense when you view it as a place people go to perform rather than a place to communicate.

Good marketing wins in the short run and good products win in the long run.

Logic doesn’t persuade people. Clarity, storytelling, and appealing to self-interest do.