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January 8 - March 21, 2022
You should not grind at a lot of hard work until you figure out what you should be working on.
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom.
Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.
Reading is faster than listening. Doing is faster than watching.
You do need to be deep in something because otherwise you’ll be a mile wide and an inch deep and you won’t get what you want out of life. You can only achieve mastery in one or two things. It’s usually things you’re obsessed about. [74]
Intentions don’t matter. Actions do. That’s why being ethical is hard.
If you don’t own a piece of a business, you don’t have a path towards financial freedom.
Forget rich versus poor, white-collar versus blue. It’s now leveraged versus un-leveraged.
Forty hour work weeks are a relic of the Industrial Age. Knowledge workers function like athletes—train and sprint, then rest and reassess.
An old boss once warned: “You’ll never be rich since you’re obviously smart, and someone will always offer you a job that’s just good enough.”
Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, you’re retired.
“Tension is who you think you should be. Relaxation is who you are.”
If you’re evenly split on a difficult decision, take the path more painful in the short term.
The number of books completed is a vanity metric. As you know more, you leave more books unfinished. Focus on new concepts with predictive power.
Don’t take yourself so seriously. You’re just a monkey with a plan.
Today, I believe happiness is really a default state. Happiness is there when you remove the sense of something missing in your life.
The fundamental delusion: There is something out there that will make me happy and fulfilled forever.
