Felix Dennis got rich in publishing. Naval Ravikant got rich in Silicon Valley. Nassim Nicholas Taleb by trading. Warren Buffett by investing. And the soon-to-be rich will get wildly wealthy by building things that don’t yet exist. What’s your path to riches? […]
Read MoreHas a car salesman ever offered you a cup of coffee or a glass of water upon entering the dealership? Have you been handed a free sample of a product as a gift? Invisible mental biases are consistently influencing the decisions you make. And one of the strongest and most important to understand is your tendency to reciprocate the favors, disfavors and concessions of others […]
Read MoreWealth isn’t a problem to be solved. It’s an opportunity to create. And the more you create, the better you get at creating. Your 1st million dollars is a lot harder to create than the 2nd, 3rd, and 4th million. This is because by the 4th million, you’ve gotten pretty good at creating wealth […]
Read MoreYou 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.
Read MoreCharlie 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 […]
Read MoreInvesting 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 […]
Read MoreIf 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 […]
Read MoreI 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 […]
Read MoreThere’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 […]
Read MoreLet’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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