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Understanding the basics of investing
Wisdom lies in seeing your own foolishness. When you see your own foolishness as foolishness, you stop being a fool.
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it’s strong desire, ambition, obsession, or fixation. For example, when we look really closely at our hand, we become more blind to everything else, to the bigger picture. A strong desire, ambition, or fixation leads to a partial blindness.
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It’s normal to make lots of errors. But if you see your errors as errors, you become less likely to repeat them, and by doing so, you become more knowledgable over time.
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foolishness is being blind to your own errors—leading you to repeat them and preventing you from becoming more knowledgeable.
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In the Tao Te Ching , Lao Tzu wrote, “To know that you do not know is highest. To not know but think you know is flawed. Only when one recognizes the fault as a fault can one be without fault. The sages are without fault. Because they recognize the fault as a fault. That is why they are ...
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If there is any one secret of success, it lies in the ability to get the other person’s point of view and see things from that person’s angle as well as from your own.
An attitude of wisdom as acting on the best information you have while doubting what you know. And for that you need humility.
But people misunderstand what humility is. Confident humility is being able to say, “I don’t know and I might be wrong,” or “...
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