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you need short-term paranoia to keep you alive long enough to exploit long-term optimism.
More than your salary. More than the size of your house. More than the prestige of your job. Control over doing what you want, when you want to, with the people you want to, is the broadest lifestyle variable that makes people happy.
But wealth is hidden. It’s income not spent. Wealth is an option not yet taken to buy something later. Its value lies in offering you options, flexibility, and growth to one day purchase more stuff than you could right now.
“Things that have never happened before happen all the time.”
An overreliance on past data as a signal to future conditions in a field where innovation and change are the lifeblood of progress.
The correct lesson to learn from surprises is that the world is surprising.
The most important part of every plan
