Sublime

An inspiration engine for ideas

AllPeopleCollectionsArticlesAudioBooksFilesHighlightsImagesLinksNotesTextTweetsVideosSocial

The Folly of Certainty

The brilliant physicist and Nobel Prize winner, Richard Feynman, on dealing with the expectations of others:

“You have no responsibility to live up to what other people think you ought to accomplish.

I have no responsibility to be like they expect me to be. It's their mistake, not my failing.”

James Clear • 3-2-1: On Failure, the Importance of Teaching, and Handling the Expectations of Others | James Clear

I learned that, yes, it is possible to reduce one’s downside, but it is not possible to eliminate it. The better strategy is to seek opportunities where the possibility of gains wildly outweighs what you can lose, which is typically capped at 1x your investment.

Graham Weaver • How to Live an Asymmetric Life

wealth preservation

Juan Orbea and • 2 cards

There’s no one in the world exactly like you. And when you find the market that wants what you are, your position is as solid as you could ever hope for. You have a natural monopoly in that market — one that exists just because of what you are and requires no artificial devices to limit competition. When you fight to compete with the crowd, competi

Harry Browne • How I Found Freedom in an Unfree World

Go back to my 20s and at any given point I held something like 25 individual stocks. I don’t know how I did as a stock picker. Did I beat the market? I’m not sure. Like most who try, I didn’t keep a good score. Either way, I’ve shifted my views and now every stock we own is a low-cost index fund.

Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness

far from cutting down your market, revealing yourself as you are increases your best market — whether you’re concerned about personal or business relationships.

Harry Browne • How I Found Freedom in an Unfree World

there are four basic Government Traps — popular misconceptions about the nature of government: 1. The belief that governments perform socially useful functions that deserve your support. 2. The belief that you have a duty to obey laws. 3. The belief that the government can be counted upon to carry out a social reform you favor. 4. The fear that the

Harry Browne • How I Found Freedom in an Unfree World

So, in effect, you’re inviting a stranger to live in your home for eighteen years or more.