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So much of what matters in investing – this is true for a lot of things in life – is how you manage the psychology of uncertainty. The problem with looking back with hindsight is that nothing is uncertain. You think no one had anything to worry about, because most of what they were worrying about eventually came to pass.

“You should have been happy... See more

Collaborative Fund • A Message From the Past

wisdom

tiny • 1 card

The scenes of our life are like pictures in rough mosaic, which have no effect at close quarters, but must be looked at from a distance in order to discern their beauty. So that to obtain something we have desired is to find out that it is worthless; we are always living in expectation of better things, while, at the same time, we often repent and

Arthur Schopenhauer • Works of Arthur Schopenhauer

In his famous 2005 Stanford Commencement Address, Steve Jobs described how we cannot understand the connective threads of our lives without looking back--a sort of "rear view mirror" Bucket List that only reveals itself by studying our own past.

Here is how Jobs summarized it: "You can't connect the dots looking forward; you can only connect them... See more

Just a moment...

It is a common fallacy to look at what has happened, and then assume that it was always the plan and that prior events were in service of that outcome, while ignoring contrary evidence. However, I am quite confident that this specific instance this was always the plan.

Brad Pearce x.com

9 Life Lessons by Tim Minchin

You don’t have to have a dream. Be micro-ambitious, work with pride on whatever is in front of you. Be careful on long term dreams, if you focus too far in front of you, you won’t see the shiny thing out the corner of your eye.
Don’t seek happiness. Keep busy and aim to make someone else happy and you might find you get

Wisdom

Prasatt • 2 cards