. . . more important than the answers. Morgan Housel asks seventeen pretty good question. Here are three:
Saturday, December 18, 2021
Each quandary is a call for experimentation. Each experiment a question put to the world. Each answer a journey. Let life plan the itinerary. Your job is to pack light and bring a camera.
-attributed to Max Elmore, from here
Friday, December 17, 2021
"Until then, I’ll make my own risotto and duck breast."
For those who want to discuss whether it should be "better man than I" as opposed to "better man than me", you can check this out.
Tuesday, December 14, 2021
Smith in his book and with his life is telling us how to live. Seek wisdom and virtue. Behave as if an impartial spectator is watching you. Use the idea of an impartial spectator to step outside yourself and see yourself as others see you. Use that vision to know yourself. Avoid the seductions of money and fame, for they will never satisfy.
. . . one day as I was wandering between stacks of books in the back of the college library, I came across a book that drew my interest. As I opened it, my eyes fell upon a single paragraph that powerfully influenced the rest of my life.
I read the paragraph over and over again. It basically contained the simple idea that there is a gap or a space between stimulus and response, and that the key to both our growth and happiness is how we use that space.
-Stephen R. Covey, The 7 Habits Of Highly Effective People
Monday, December 13, 2021
Perhaps the greatest lesson from the past is how important it is to be inspired by things that surprise us. When I come across a quirky business model in an unpopular space, I try to find a fascinating thread worth pulling. I challenge myself to stop comparing what I learn to the past. If you only look for patterns of the past, you won't venture far.
Wall Street professionals know that acting on "inside" tips will break a man more quickly than famine, pestilence, crop failures, political readjustments or what might be called normal accidents. There is no asphalt boulevard to success in Wall Street or anywhere else. Why additionally block traffic?
-Edwin Lefevre, Reminiscences of a Stock Operator