Sublime

His skill is investing, but his secret is time.

Lessons from one field can often teach us something important about unrelated fields.

Had he started investing in his 30s and retired in his 60s, few people would have ever heard of him.

Few people make financial decisions purely with a spreadsheet. They make them at the dinner table, or in a company meeting. Places where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together into a narrative that works for you.

Controlling your time is the highest dividend money pays.

To grasp why people bury themselves in debt you don’t need to study interest rates; you need to study the history of greed, insecurity, and optimism. To get why investors sell out at the bottom of a bear market you don’t need to study the math of expected future returns; you need to think about the agony of looking at your family and wondering if y