Scott McDonald
@smcdonald5
Scott McDonald
“People follow incentives, not advice.”
Same as Ever by Morgan Housel [Actionable Summary]
“No matter how much information and context you have, nothing is more persuasive than what you desperately want or need to be true.” Morgan Housel
Same as Ever by Morgan Housel [Actionable Summary]
Recognize time as the most valuable asset
In a 2019 episode of The Tim Ferriss Show podcast, investor Graham Duncan coined the term time billionaire to refer to someone with over one billion seconds remaining in their life:
"We’re so obsessed, as a culture, with money. And we deify dollar billionaires in a way...And I was thinking of time billionaire
... See moreWhat haven’t I experienced firsthand that leaves me naive to how something works? As Jeff Immelt said, “Every job looks easy when you’re not the one doing it.”
Morgan Housel • I Have A Few Questions
What are we ignoring today that will seem shockingly obvious in a year?