A symbol, in its simplest form, is an object that stands for another object, giving it an arbitrary association. In this way, a symbol is a sign that has acquired a conventional meaning through habitual use.
Motivation is weather: changeable, unpredictable, often absent when you need it most. Discipline is climate: the steady, reliable conditions you create for yourself regardless of how you feel on any given day.
The companies that stand out are the ones who have a particularly high-quality way of doing things. That quality can be traced back to the people who run and work for the company having a deep personal connection to what it is they do.
I learned that, yes, it is possible to reduce one’s downside, but it is not possible to eliminate it. The better strategy is to seek opportunities where the possibility of gains wildly outweighs what you can lose, which is typically capped at 1x your investment.
A funny thing happens when you start writing about a particular theme or topic: People expect that you are an expert on it. It’s usually the opposite. I frequently start writing about things because I don’t know anything about them, or it’s a concept or question that I need to figure out for myself.