19. All Together (continue) - Deepstash

19. All Together (continue)

  • Define the cost of success and be ready to pay it. Because nothing worthwhile is free
  • Worship room for error. A gap between what could happen in the future and what you need to happen in the future in order to do well is what gives you endurance
  • Avoid the extreme ends of financial decisions
  • You should like risk because it pays off over time
  • Define the game you’re playing, and make sure your actions are not being influenced by people playing a different game
  • Respect the mess. Smart, informed, and reasonable people can disagree in finance, because people have vastly different goals and desires.

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ianpuang

Welcome, I post what i read Everything I post is in the book, I'll quote it if it's my own opinion

The idea is part of this collection:

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