You are incentivized to believe to be true the things that you want to be true. If the significance of this idea does not immediately capture you, be patient. Sit with it. Lay with it. Fight with it. And then accept it, because fewer ideas are more important to your everyday life.
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Charlie Munger is known for his quick wit, for not suffering fools, and for working alongside Warren Buffett to build Berkshire Hathaway into the behemoth company it is today. When billionaires give advice, I try to listen, and Munger offers some in a […]
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Investing is hard, but that doesn’t mean we can’t simplify the ideas behind an investment philosophy and come to understand it. As Naval Ravikant (@naval on Twitter) reminds us: “It’s the mark of a charlatan to try and explain simple things in complex ways and it’s the mark of a genius to explain […]
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If you haven’t read Felix Dennis’ book, How To Get Rich, I highly recommend picking up a copy. It’s a quick, fun, blunt read. Dennis spends the first half of the book convincing you not to try and become rich, for reasons you have to discover for yourself. One of the things that stuck with me from the book was the way he talks about the fear of […]
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I love to share thoughts from great doers, and Naval Ravikant is one of them. Chief Executive Officer and Founder of AngelList.com, Naval is a must-follow on Twitter (@Naval) and often shares insights into the tech and start-up spaces. Recently, Naval commented on an aspect of the internet that most people have yet to truly internalize - its potential to transform your […]
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There’s nothing stopping you from creating wealth, but it takes curiosity, discipline, and a lot of trial and error. An unhealthy dose of tenacity goes a long way too. Here are a few ideas as to where to start your research on getting rich using the greatest wealth creator of all: the stock market. There are many investment approaches to consider, and throughout the course of your live, you'll have to decide […]
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Let’s say I wanted to create a successful podcast to support Wealest. How do I do that? This is the problem I’m going to tackle using 5 relatively simple problem solving strategies you can start implementing right now. These ideas are inspired by a speech Charlie Munger made outlining how he would go about building a billion dollar company like Coca-Cola using these techniques […]
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The human brain has evolved over 7-million years to survive in a very dangerous world. Mental programming like the “flight or fight” instinct helped us to live and reproduce in desolate environments with scarce resources. Today, much of the earth’s population experiences a very different world to that of our ancestors, and yet our brains’ mental biases […]
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As a producer, part of my job is finalizing deals with other businesses. And whenever I’m having trouble closing a deal, I ask myself what the incentives are of all the parties involved. What are my incentives, and how could they be clouding my judgement? How is the person across the table from me incentivized, and how are those incentives affecting their view of the deal […]
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Charlie Munger is a billionaire - but that’s just the beginning. He’s a tremendous thinker and builder. He has served as the Vice Chairman of Berkshire Hathaway since its inception, working alongside Warren Buffett to build one of the most successful businesses in the world. While quotes impart wisdom, only living will make you wise […]
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