"You don’t need mentors, you need action."
@naval
Action is the foundational key to all success.
We should always do what has worked forever. what we did in COVID not letting the pandemic spread & dissipate fast was a disaster. To try to push the world into green energy that is not green and is not economic might backfire as the covid policy did. In Covid we had Sweden as a comparison in Energy we have emerging markets that are so poor they can't afford to do stupid things /untested. Sweden did very well, emerging markets perhaps finally emerge at least some of them.
The Lindy effect (also known as Lindy's Law) is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age.
When I fast , body eats fat. no sugar involved no roller coaster no inflammation better quality of thinking. This is true. I am not a MD but I can tell everyone that there is zero problems in skipping meals , breakfast etc...
"The optimal zone for performance is “slightly hungry.”"
Government is way out messing in everything and touching all aspects of your life. The best is to ignore news and government, lay low and live your life. There is always some emergency that justifies the government intervention. Ignore everything , there is nothing new , read , learn a new language, do a puzzle, do some sports & yoga, take care of your garden, and don't forget you don't lose anything for not being in tik-tok or watching the news. Nothing.
A state is better governed which has few laws, and those laws strictly observed.
Governing a great nation is like cooking a small fish - too much handling will spoil it.
Invincibility lies in the defence; the possibility of victory in the attack.
I'll put the Packers' best players on defense. It's best for a team and good for its morale.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted and ethical and ultimately making a big difference in the world.
"The selfish reason to be ethical is that it attracts the other ethical people in the network."
I did this Van Gogh puzzle during lockdowns (2020) , it took me a long time but it was a pleasure each time I did some progress. The JOY of the small things is the best thing. To have patience it's a huge edge in everything in life. Do it slow and well and it becomes a pleasure. Nuno Cobra the personal coach of Ayrton Senna said you can change your life of you chew at least 10 times everything you eat. slow beats everything. My father drinks 1 glass of wine every meal, just one. I think he enjoys wine a lot because of this. small sips.
smell the food and chew at least 10 times before swallowing the food
It's waiting that helps you as an investor, and a lot of people just can't stand to wait. - Charlie Munger
"If you buy things you do not need, soon you will have to sell things you need."
— Warren Buffett
“I'm also a total nut on the subject that the best way to get what you want in life is to deserve what you want. Of course, if you apply that to business, that means you really take care of the customers.”
- Charlie MungerWhat is right?
This
The Lindy effect (also known as Lindy's Law) is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age.
or this
It is more difficult to stay on top than to get there.
Larry Hamtil call my attention to this graph. The title says it all. However since 2010 something changed!
The top 5 European's Soccer/Football clubs are pretty much the same since 2010, and are probably even better vs the rest
The Top 5 hedge Funds in the world Millennium , Brevan etc... are the same since 2010 and probably even better
The top 100 Companies in 2020 have the same market cap as they did in 2010 and are even more competitive.
Did something change in this world? I tend to think there is never nothing new. I think the normal cycle of being the best, getting big & fat, loss of focus and mean reverting will still be in place. In the case of Hedge Funds the best of them are doing something different, no growth of assets, return capital to investors, create better liquidity for themselves and that as keep them focus and sharp.
for how long?
Of course if you Buy something in the percentile 99 and it falls to percentile 90 is still incredible. I think this is the Lindy Effect.
A $300 or a $30 watch both tell the same time!
After disaster I had my first victory ever
The fundamental delusion
Terrible day at the bike
There are two distinct periods in every man’s life:
I finished It
Don't take your girl to a cheap restaurant!
My meeting with David Swensen in 2004
Big Money Thinks Small
If you quit once it becomes a habit
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