The world is split between those who don't know how to start making money and those who don't know when to stop.
Nassim Nicholas Talebtwitter.comThe world is split between those who don't know how to start making money and those who don't know when to stop.
A gem form the LessWrong community: 'Humans are not automatically strategic.'
"A large majority of otherwise smart people spend time doing semi-productive things, when there are massively productive opportunities untapped." https://t.co/5eR7t5YXLN
A friend of mine makes an annual pilgrimage to Las Vegas. One year he asked a dealer: What games do you play, and what casinos do you play in? The dealer, stone-cold serious, replied: “The only way to win in a Las Vegas casino is to exit as soon as you enter.” That’s exactly how the game of trying to keep up with other people’s wealth works, too.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
“Concentration produces wealth.
Diversification protects wealth.”
Diversification protects wealth.”