"The defitnition of successful investing is doing better than market and other investors" and to accomplish that you need either good luck or superior insights.
Remember your goal in investing isn't to earn average returns; you want to do better than average. Thus, your thinking has to be better than others
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The commitment devices that seem to work better than others are the ones that are like gentle reminders and are not having negative emotions (like fear) attached to them.
A playful commitment device that isn't hard to accomplish nudges us into being successful at our goal.
Can you generate value? If the answer is no, then make it your first priority turn that into a yes. Figure out how successful people are rewarded. Read books, study investors, try things out, talk to wealthy people, etc. You want to generate value—either by working for it or investi...
“Cultivate thy own powers to study and become wiser, to become more skillful to so act as to respect thyself.”
“Good luck can be enticed by accepting opportunity.”
“Our acts can be no wiser than our thoughts, Our thinking can be no wiser than our understanding.”
“Rememb...
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