What We’re Reading
The importance of admitting that we can’t predict or control the future. The benefits of studying the patterns of the past and using them as a rough guide to what could happen next. The inevitability that cycles will reverse and reckless excess will be punished. The possibility of turning cyclicality to our advantage by behaving countercyclically.
... See moreWilliam Green • Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life
There is an alternative: the unfashionable but powerful notion of letting time use you, approaching life not as an opportunity to implement your predetermined plans for success but as a matter of responding to the needs of your place and your moment in history.
Oliver Burkeman • Four Thousand Weeks: Time Management for Mortals
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The Chinese Farmer Story
Once upon a time there was a Chinese farmer whose horse ran away. That evening, all of his neighbors came around to commiserate. They said, “We are so sorry to hear your horse has run away. This is most unfortunate.” The farmer said, “Maybe.”
The next day the horse came back bringing seven wild horses
... See moreSurvival clearly requires diversification and staying power.