Become OK with things going wrong. - Deepstash
How to Start Investing Today

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How to manage risk

How to analyze investment opportunities

The importance of long-term planning

How to Start Investing Today

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Become OK with things going wrong.

You can be wrong half the time and still make a fortune, because a small minority of things accounts for the majority of outcomes. It is fine to have a large chunk of poor investments and a few outstanding ones.

191

1.53K reads

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Less Ego, More Wealth

Saving money is the gap between your ego and your income, and wealth is what you don't see. So Wealth is created by suppressing what you could buy today in order to more stuff or more options in the future.

223

2.39K reads

Increase Your Time Horizon

Time is the most powerful force in investing. It makes little things grow and big mistakes fade away. It can't neutralize luck and risk, but it pushes results closer towards what people deserve.

184

1.7K reads

Manage your money in a way that helps you sleep at night.

Some people won't sleep well unless they are earning the highest returns; others will only get a good rest if they're conservatively invested. To each their own.

189

2.03K reads

Be nicer and less flashy

No one is impressed with your possessions as much as you are. You might think that you want a fancy car or a watch, but what you probably want is respect and admiration. And you're more likely to gain those things through kindness and humility than horsepower or chrome.

213

1.81K reads

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Tails, You Win

Tails, You Win

You can be wrong half the time and still make a fortune.

Anything that is huge, profitable, famous, or influential is the result of a tail event, an outlying one-in-thousands or millions event.

  • Most of our attention goes to things that are huge, profitable, famou...

Have The Right Mindset To Attract Money

1. Go out of your way to find humility when things are going right and forgiveness/compassion when they go wrong.

2. Less ego, more wealth.

3. Manage your money in a way that helps you sleep at night.

4. If you want to do bet...

Put The Compound Effect To Work For You

Put The Compound Effect To Work For You

  • Write out your excuses, decide to make up for them with hard work and personal development.
  • Write out a half-dozen small, seemingly insignificant steps you can do every day to go a different direction.
  • ...

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