Week In Review Video Will Be Back Next Week–We Were In Washington D.C. For Spring Break
So many memorable intros last night, but meeting @david_perell was up at the top.
He nails the power of Twitter and access in this. I’ll add one thing and it’s a bit of a secret….the key to making contacts and building a network is…
BE GENUINE. https://t.co/pdxWSQ0ZhZ
— Justin Castelli (@jus10castelli) April 6, 2019
The Irrelevant Investor: How To Get What You Want “There is no secret to getting what you want. There is only hard work”
Douglas Boneparth: Make It Easy “Lastly, make leaving easy. Where most businesses slip is thinking the end of a relationship is an excuse to lower their standards. In reality, it’s a call to raise them. It’s never fun when things don’t work out, but by making this part of the process easy, you will maintain your reputation and dignity. That’s table stakes in a service profession so make sure the door doesn’t hit them on the way out.”
James Clear: The Ultimate Productivity Hack To Saying No “When you say no, you are only saying no to one option. When you say yes, you are saying no to every other option. Once you have committed to something, you have already decided how that future hour will be spent.”
Of Dollars And Data: Just One More “This is the most important lesson I have ever learned: know yourself. Don’t let anyone decide who you are. Not the media. Not your family. Not your friends. Advertisers and society will tell you what to like, how to think, and how to feel. They will sell it to you wholesale. DON’T LET THEM.”
The Irrelevant Investor: How To Be Wrong And Think You’re Right “As Morgan Housel said in the seduction of pessimism, ‘Tell someone that everything will be great and they’re likely to either shrug you off or offer a skeptical eye. Tell someone they’re in danger and you have their undivided attention.’ “
The Reformed Broker: A Man And His Signals “The term “system” implies a mechanical approach to investing or trading, and perhaps there are some mechanical systems that are better than others. Unfortunately, investing will never be able to be reduced to sheer mechanics, at least not in the Newtonian sense of the word.”
Morgan Housel: Fees Vs. Fines “It sounds trivial, but thinking of volatility/drawdowns/uncertainty/pain/terror/ulcers as fees instead of fines is an important part of developing the kind of mindset that lets you stick around long enough for compounding to work.”
Ashby Daniels: Investing Tenets That Are Hard To Follow “Even more ironically, in practice – with perhaps the exception of technical retirement advice – I think clients value perspectives on the tenets above more than just about anything else. And I believe it’s because the compounding value of any one of these repeated over a multi-decade investing lifetime can be enormous”
Engineering Piece Of Mind: The Siren Songs Of Investing “He placed beeswax in the ears of his oarsmen to block the irresistible songs. He tied himself tightly to the mast and commanded his sailors to ignore his pleas for release. In short, he recognized the inescapable dangers awaiting him and created a system to ensure success. With an infinite number of ways to invest and market Sirens singing sweet songs, you need a process that is logical, evidence-based and has emotional guardrails in place to keep you invested.
Khe Hy: Time Is Money: Smart Spending Decisions To Buy Back Time “Hamermesh believes that being busy is newfound status marker used by the professional elite to convey “moral superiority.” Ironically, this is a marked departure from how the “idle rich” historically spent their time “going to the Ascot to watch horses or to the salon.”
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.