Humans respond well to incentives, avoid making the short-term gain more sensible that the long-term one. We overlook faults of people we like, same goes for stocks. Your biases can make you miss on opportunities so stay objective. Removing doubts quickly to feel comfortable may lead to mistakes. Treat others like you want to be treated, meaning raising employees even if you don't have to for example. Seeing someone having something we don't have can create hate and that must be calmed by gratitude over what you currently have. Sometimes success is due to luck rather than skill. Truth hurts meaning one could alter reality to feel better like saying the stock market is rigged if afraid of losing money. Use simple math to calculate your winning probability instead of following blind optimism. Wining $10 feels less good than the pain of losing $10 and that can pain of being close to winning can be abused/blinding. Humans like to follow others because it's comfortable and it feels better to be wrong together rather than on our own, so try going beyond that flawed human logic. Meeting in the middle of two propositions might feel like a win but can still be unfair, same goes for showing a shitty overpriced product after 3 super-shitty overpriced ones. We perform better in life with a little stress but too much becomes a burden so don't take decisions if you're too stressed. We over-emphasize the importance of recent events while not giving enough credits to what happened in the past so balance both evenly. If you don't practice skills you've acquired in the past, you'll loose them. We place too much faith into our leaders and not enough in their ideas so be careful because it's difficult to get rid of an authoritarian figure. Schools give a lot of formulas that don't work. You just need to get ahead of idiots, luckily there is a large supply. You don't have to be brilliant, only a bit wiser than the other guys, on average, for a long time.
Charlie MungerPhysical appearance plays a role in business, it inspires confidence or not. Wealth stresses and sport helps to de-stress, unlike cocaine which adds stress. Being an employee is submission. If the boss could pay less, he would do it because he is a rat. We all have 24 hours a day, each with their own priorities to succeed. Trying and doing things is the key. Small businesses create skills and capital to finance big ones. The opinions of others do not matter, the important thing is your own success. If you can talk about a subject for 1 hour, it is because it interests you enough to make a business out of it. To get started, you have to unlearn certain bad paradigms that you have received and then get information from the right people (those who succeed in the field, not your relatives who know nothing about it). Successful years of experiences matter more than age. The more impact you have on people, the more money you have. The deeper the need, the more it brings in. When you don't know the goal of making a lot/more/a lot of money, you forbid yourself from earning more, so you have to find non-monetary goals to go beyond (free time, assured health, sharing with loved ones) to quantify it. The 3 levers to earn more are time (that of others for you), skills (the more you know, the more you know that you know little), money (no longer your own but that of others such as investors and banks). Asking for help is not cheating, it is essential to enrich yourself and succeed. We are all in the quest to earn more and be happier.
Théophile ElietPhysical health has huge benefits for longevity and aging well (eating well, exercising regularly, not smoking/drinking/drug). 15 minutes per day of sport reduces mortality by 14% and expends life by 3 years (each additional 15 minutes reduces by 4% more). High physical activity reduces cognitive decline by 35% and dementia by 14%. Strong relationships keep us happier and healthier (+50% chance of survival with married men/women living 12/7 years longer than unmarried ones). Being disconnected/lonely is as dangerous as obesity or heavy smoking and increases risks of stroke by 32%. Loneliness is being less connected to people that you want to be, whether you're an extravert or introvert. Satisfaction in a marital relationship helps to predict longevity more than cholesterol. Your memories stay 20% less longer when you're lonely. Relations are emotions and stress regulators thus reducing "fight mode" moments (high cortisol and inflammations). Premature death is 26% more likely if you're socially isolated. Elder people are the most proud of something related to relationships, not money and honors. After 110k$ per year in 2023 money, additional money seem to have no impact on happiness, but this isn't precise enough. It turns out that the happier you are in general, the more or less you'll keep being happier past that threshold. It's all about relationships, meaningful work, and money but we don't think about relationships that much because they've always been there like the air we breathe, but it must be thoughtfully cultivated. Like workouts, relationships should be practiced weekly.
Derek Muller