If you can meet all your goals without having to take the added risk that comes from trying to outperform the market, then what’s the point of even trying? I can afford to not be the greatest investor in the world, but I can’t afford to be a bad one.

Respect the mess.

Define the game you’re playing

Avoid the extreme ends of financial decisions.

You should like risk because it pays off over time.

Worship room for error.

Uncertainty, doubt, and regret are common costs in the finance world. They’re often worth paying. But you have to view them as fees (a price worth paying to get something nice in exchange) rather than fines (a penalty you should avoid).

Define the cost of success and be ready to pay it.

Save. Just save. You don’t need a specific reason to save.