Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.

The hardest financial skill is getting the goalpost to stop moving.

1. More than I want big returns, I want to be financially unbreakable. And if I’m unbreakable I actually think I’ll get the biggest returns, because I’ll be able to stick around long enough for compounding to work wonders.

There is no reason to risk what you have and need for what you don’t have and don’t need.

Therefore, focus less on specific individuals and case studies and more on broad patterns.

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

You can’t prepare for what you can’t envision.

The ability to do what you want, when you want, for as long as you want, has an infinite ROI.

Nassim Taleb says, “You can be risk loving and yet completely averse to ruin.” And indeed, you should.