"If we had to please investors, we'd have stringent financial controls, we'd have to explain and justify every decision. That would be bad business for people who rely on strong feelings about what's right rather than on black and white "facts," which often turn out to be false. If you're your own boss, you can move fast. When ideas have to be implemented overnight, speed, flexibility, and authority to make decisions without consulting shareholders are of utmost importance."

Remember freedom. View quoted note →

What does the condition of suffering have to do with the act of creation?

No person ought to spend time on what another person can print or censor. View quoted note →

I am less angry and more worse for wear. View quoted note →

Government has become permission-less. View quoted note →

Confirmed, 🍕 was invented to be a 🍍 topping. View quoted note →

Optimistic Determinism View quoted note →

How do I invest in nostr?

Margin of safety is a secret weapon. It’s the buffer, the extra capacity, the redundancy that you build into a system to handle unexpected stress. It’s the difference between a bridge that can barely handle the expected load, and one that can hold ten times that load without breaking a sweat. You can apply a margin of safety to any area of life with risk. The key is always asking yourself: What if I’m wrong? What if things don’t go as planned? But here's the rub: margin of safety isn't free. It means spending more upfront. In the short term, you'll look overly cautious and leave immediate profits on the table. But in the long run, this apparent overcaution lets you survive when others break - and thrive when others merely survive. Margin of safety is the unsung hero of ­ long-­term success. It’s not flashy. It’s not exciting, but it’s the foundation on which everything else is built. Master it, and you’ll be well on your way to navigating the uncertainties of life with confidence and stability.

Charlie Munger on preparation: “Neither Warren nor I are smart enough to make decisions with no time to think. We make actual decisions very rapidly, but that's because we have spent so much time preparing ourselves by quietly reading.”

You don’t need to be smarter than others to outperform them if you can out-position them. Anyone looks like a genius when they’re in a good position, and even the smartest person looks like an idiot when they’re in a bad one. #clearthinking

Stick to the basics: Be reliable. Do your job. Speak for yourself. Outcome over ego. Focus on the details. See challenges as opportunities. Go to bed smarter than when you woke up.

Two rules to help you be consistent with exercise this year: 1. Show up. 2. You can quit tomorrow. Repeat.

Two rules to help you be consistent with exercise this year: 1. Show up. 2. You can quit tomorrow. Repeat.

Mastering Emotional Intelligence Emotional intelligence (EI) is the ability to recognize, understand, and manage our own emotions, as well as the emotions of others. Bernard emphasizes that high EI is crucial for effective persuasion. Here are a few strategies to master EI: Self-Awareness: Being aware of your own emotions and how they influence your thoughts and behavior is the first step. This helps you stay in control and react appropriately in different situations. Self-Regulation: Managing your emotions and impulses, especially in stressful situations, allows you to respond calmly and rationally. Empathy: Understanding and sharing the feelings of others fosters a connection and builds trust. This is essential for persuading others, as people are more likely to be influenced by those they trust and relate to. Social Skills: Building strong relationships and effectively communicating with others are key components of EI. These skills help you navigate social complexities and influence others positively. Bernard provides practical exercises and real-life examples to help you develop and apply these skills in various contexts, from personal relationships to professional environments.

Time for things View quoted note →

In front of you. View quoted note →

Consume knowledge, less on food and materialism. View quoted note →

Short-term results come from intensity. Long-term results come from consistency. -Farnam Street