Money and Finance
I'm listening to How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life in my car and am really enjoying it. I found some quotes from the book via Derek Sivers and thought I'd share a few below. There are many more HERE.
- Links
Apollo Asia Fund: the manager's report for 4Q2014 (LINK) Amidst all these distractions, I omitted to post a link to GMO's 3Q report, with another compelling exposition from Jeremy Grantham on what I consider the key issue of our time. While acknowledging...
- Links
The first part of the book MONEY Master the Game [H/T Will] (LINK) Atul Gawande talks to The Aspen Institute about his book, Being Mortal (LINK) Buffett Said He Paid a Steep Price. $15 Billion Later, BNSF Is a Cash Machine. 'He Stole It' [H/T...
- James Altucher Interviews Scott Adams
I enjoyed listening to the audiobook of How to Fail at Almost Everything and Still Win Big, which Amazon appears to be currently selling for just $3.84, HERE. Link to: Ep. 47 – Scott Adams, creator of Dilbert: How Failing is the Secret to Success Scott...
- Scott Adams: How To Fail At Almost Everything And Still Win Big
A couple of things on Scott Adams (the creator of "Dilbert") and his new book. WSJ: Scott Adams' Secret of Success: Failure HBR: Scott Adams on Whether Management Really Matters Book: How to Fail at Almost Everything and Still Win Big: Kind of the...
- Major Takeaways From A Visit With Warren Buffett
Some notes from University of Western Ontario students' visit with Mr. Buffett on March 31, 2008. The source and a PDF file of these notes can be found HERE. Life Learning Lessons 1. Using the concept of buying or shorting 10% of one of your friends...
Money and Finance
Scott Adams quotes
I'm listening to How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life in my car and am really enjoying it. I found some quotes from the book via Derek Sivers and thought I'd share a few below. There are many more HERE.
Failure always brings something valuable with it. I don’t let it leave until I extract that value.
Never make a loan to someone who is following his passion. He’s in business for the wrong reason. The best loan customer is one who has no passion whatsoever, just a desire to work hard at something that looks good on a spreadsheet.
It’s easy to be passionate about things that are working out, but they drain your passion as they fail.
In hindsight, it looks as if the projects I was most passionate about were also the ones that worked. But objectively, my passion level moved with my success. Success caused passion more than passion caused success.
Have a system instead of a goal. Systems-driven people have found a way to look at the familiar in new and more useful ways.
Running a marathon in under four hours is a goal, but exercising daily is a system.
A system is something you do on a regular basis that increases your odds of happiness in the long run. If you do something every day, it’s a system. If you’re waiting to achieve it someday in the future, it’s a goal.
Buying lottery tickets is not a system no matter how regularly you do it.
The world offers so many alternatives that you need a quick filter to eliminate some options and pay attention to others. Whatever your plan, focus is always important.
If you want success, figure out the price, then pay it. It sounds trivial and obvious, but if you unpack the idea it has extraordinary power.
Success has a price, but the price is negotiable. If you pick the right system, the price will be a lot nearer what you’re willing to pay.
If you learn to appreciate the power of systems over goals, it might lower the price of success just enough to make it worth a go.
- Links
Apollo Asia Fund: the manager's report for 4Q2014 (LINK) Amidst all these distractions, I omitted to post a link to GMO's 3Q report, with another compelling exposition from Jeremy Grantham on what I consider the key issue of our time. While acknowledging...
- Links
The first part of the book MONEY Master the Game [H/T Will] (LINK) Atul Gawande talks to The Aspen Institute about his book, Being Mortal (LINK) Buffett Said He Paid a Steep Price. $15 Billion Later, BNSF Is a Cash Machine. 'He Stole It' [H/T...
- James Altucher Interviews Scott Adams
I enjoyed listening to the audiobook of How to Fail at Almost Everything and Still Win Big, which Amazon appears to be currently selling for just $3.84, HERE. Link to: Ep. 47 – Scott Adams, creator of Dilbert: How Failing is the Secret to Success Scott...
- Scott Adams: How To Fail At Almost Everything And Still Win Big
A couple of things on Scott Adams (the creator of "Dilbert") and his new book. WSJ: Scott Adams' Secret of Success: Failure HBR: Scott Adams on Whether Management Really Matters Book: How to Fail at Almost Everything and Still Win Big: Kind of the...
- Major Takeaways From A Visit With Warren Buffett
Some notes from University of Western Ontario students' visit with Mr. Buffett on March 31, 2008. The source and a PDF file of these notes can be found HERE. Life Learning Lessons 1. Using the concept of buying or shorting 10% of one of your friends...