Sunday, February 6, 2022

Warren Buffett: You Only Need To Know These 7 Rules

one step at a time..................

 Eating a chocolate bar right now won’t make you unhealthy. Just as not eating it won’t make you healthy. Saving money today won’t make you rich, just as not saving it won’t make you poor. Reading a chapter of a great book today won’t solve your problems just as not reading it won’t make them worse.

Not doing the obvious thing you know you should do — the thing that positions you for future success — rarely hurts you right away. . . . 

For your choices to compound, you need to be consistent. Intensity will only carry you in the short term but if you want compounding results you need consistency. In the absence of immediate rewards, we can keep up the intensity for a while but most of us become intermittent.


A lack of consistency keeps ordinary people from extraordinary results. It’s like we’re Sisyphus rolling a boulder halfway up the hill, only to throw our hands in the air and go home. When we show up the next day, we see the boulder at the bottom of the hill. Not only did this undermine our progress but it makes getting started even harder. 

Excelling at the small choices that compound over time perpetually leaves you in favorable circumstances. No matter what happens in the world, you’re never in a position where you are forced into a bad decision.

-from this Farnum Street post

In the background......................

The Temptations..............from The Ultimate Collection 
The Way You Do The Things You Do