The most common form of human stupidity is forgetting
what one is trying to achieve. Keep your goals in sight.
“You will never reach your destination if you stop and
throw stones at every dog that barks”
Winston Churchill
I attribute much of my success in New York to my ability
to understand and avoid unnecessary distractions.
Derek Jeter
All the tools in the world are meaningless without an
essential idea
George Lois, Mad Man
Take up one idea. Make that one idea your life - think of
it, dream of it, live on that idea. Let the brain, muscles, nerves, every part
of your body, be full of that idea, and just leave every other idea alone. This
is the way to success.
Swami Vivekananda
I don't know if you can live on one idea, but I know that
you cannot drift too much. One thing I have felt is that when you say you only
do one thing (specialist/FOCUS) people will consider whatever you say more
seriously.
A few ideas from Steve Jobs I found in this book:
1. You will go far
with a single idea expressed clearly.
2. When
advertising your product pick one feature to focus on.
3. Customers see
more choice as more confusion. Steve believed in doing the work for the
customer.
There are people who do nothing but invest in the stock market and go about their daily lives without looking at it.
Investing is a marathon, not a sprint. Like waiting for paint to dry, it requires a long-term perspective. By embracing the seemingly dull nature of investing, individuals can resist the temptation of short-term market noise and focus on the bigger picture.
I plant some trees, normally in the winter (bear market) and do nothing, those trees lose everything in the winter but they grow and grow and now some of them they are producing great fruit. No one protects their trees in the winter . it is what it is.
From Stingy Investor Blog
Apart from articles by Benjamin Graham and Warren Buffett, I was most influenced by Robert Kirby's discussion of the Coffee Can Portfolio which was first published in the Journal of Portfolio Management in 1984.
Robert Kirby thought that investors would be well served by purchasing small amounts of many stocks and then forgetting about them for ten years. While discussing his investment counsel business he related an interesting anecdote.
"I had worked with the client for about ten years, when her husband suddenly died. She inherited his estate and called us to say that she would be adding his securities to the portfolio under our management. When we received the list of assets, I was amused to find that he had secretly been piggy-backing our recommendations for his wife's portfolio. Then, when I looked at the total value of the estate, I was also shocked. The husband had applied a small twist of his own to our advice: He paid no attention whatsoever to the sale recommendations. He simply put about $5,000 in every purchase recommendation. Then he would toss the certificate in his safe-deposit box and forget it.
Needless to say, he had an odd-looking portfolio. He owned a number of small holdings with values of less than $2,000. He had several large holdings with values in excess of $100,000. There was one jumbo holding worth over $800,000 that exceeded the total value of his wife's portfolio and came from a small commitment in a company called Haloid; this later turned out to be a zillion shares of Xerox."
I spent last week bike racing.
The weather was a disaster—seven days of rain. One stage had to be canceled at the top of Serra da Estrela, 2000 meters up, because the cold and rain were so intense that the 30 km descent to VIDE could be dangerous. Several riders were not properly dressed for the conditions.
I’m not a rain specialist; when it rains, I usually don’t ride. As a result, I completed the 976 km at an average speed of only 24.19 km/h, which is quite poor. However, I felt relieved to have finished under such challenging conditions. This edition of the Trans Portugal Roads is definitely going down in the history books.
Here are some pics of this eventful week. I am too fat for this I need to sched some 10 kg fast.
The Lindy Effect essentially states that the longer a non-perishable item has been around, the longer it’s likely to persist into the future.
Old things are often considered the best because they have been tested over time. If a book is still in print 30 years after its publication, it’s likely because it’s a great book. On the other hand, I sometimes buy recent books and often find them disappointing.
The notion that I need to stay up to date with recent events and news is, at times, one of the most foolish ideas that crosses my mind.
Ignorant men raise questions that wise men answered a thousand years ago. Johann Wolfgang von Goethe
"One of the most important reasons for studying history is that virtually every stupid idea that is in vogue today has been tried before and proved disastrous before, time and again. Do we need to keep repeating the same mistakes forever?"
~ Thomas Sowell
PS Of course there is some new tech inventions that are game changers , like MUSK space rockets. But in the business of people there is nothing new.
The distant future is small free cities with drone armies and skill-based immigration policies, surrounded by a sea of failed socialist states.
I am uncertain about the future, but I know that people crave security and despise uncertainty and surprises. If we allow individuals to enter our cities and cause chaos by burning, robbing, and disrespecting our way of life, our cities will descend into chaos.
From South Africa to Brazil, I see people fleeing to safer countries. Safety is a fundamental value. If people don’t follow the small rules about crossing streets, managing garbage, controlling noise, and obeying traffic laws, everything falls apart. The small things matter a lot.
Mark Twain once said, “Part of the secret of success in life is to eat what you like and let the food fight it out inside.”
Despite being a Mark Twain fan, I’ve recently tried (not always everything in Moderation) a simpler lifestyle: eating less and abstaining from alcohol. The results are remarkable. Waking up the next morning is a pleasure—no pain, no discomfort.
I’ve come to appreciate the benefits of eating to live rather than living to eat. This approach allows you to achieve more, feel better, and truly live life to the fullest. Feeling sleepy after a meal is a sign that something needs to change.
Throw moderation to the winds, and the greatest pleasures bring the greatest pains.
Democritus
Let food be thy medicine and medicine be thy food.
Hippocrates
Losing everything, especially loved ones, is incredibly difficult. However, it’s possible to live many different lives within one lifetime.
Change is not something I actively seek, but when it happens, I tend to accept it and move on. I used to play soccer a lot, but after breaking my left leg badly in a climbing accident, I started cycling and never looked back.
In three words I can sum up everything I've learned about life: it goes on. Robert Frost