Readwise Highlights
Imported tag from Readwise
Readwise Highlights
Imported tag from Readwise
The only way to build wealth is to have a gap between your ego and your income.
There’s more to learn from people who endured risk than those who seemingly conquered it, because the kind of skills you need to endure risk are more likely repeatable and relevant to future risks.
Being productive is about occupying your time—filling your schedule to the brim and getting as much as you can. Being effective is about finding more of your time unoccupied and open for other things besides work. Time for leisure, time for family and friends. Or time for doing absolutely nothing.
The advice is quite simple. When you are in a tough place, whether it’s a drawdown/downswing, lacking discipline, feeling desperate, having the urge to gamble, or feeling paralyzed and unable to make the right decision – basically any situation when you’re at your worst and feel miles away from your best – it’s in those moments when you need to
... See moreDoing our work to the best of our ability, with the highest quality and deepest integrity, gets us into contention.
The wonderfully curious economist Tyler Cowen has come to ask greats of various fields some version of the question: How do you practice your scales? What drills or exercises make you better at what you do? If a person wants to get better, wants to continue to develop and polish, they must know the answer to that question.
Work is not some post-fall aberration. Work is a blessing (1:28). Work is a gift. And work is intrinsic to the human creature because it is intrinsic to the Creator himself.
God works, and it follows that because we are made in his image (Genesis 1:26-27), we work too.
flushing out the Black Swans—and exploiting them. Remember, your counterpart might not even know how important the information is, or even that they shouldn’t reveal it. So keep pushing, probing, and gathering information.
DS: Here’s my simple framework for judging ideas:
Potential: If it worked, how big could it be?
Probability: What are the chances it’ll work?
Proximity: How close is this to things I care about, know about, or am passionate about?
The weights will be different based on your situation. For example, early in my career, “probability” was important. I
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