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Showing posts from October, 2021

Book: 20211005 to 20211105, "Unscripted" by M. J. DeMarco

20211004 - Preface (Has Life Regressed?) So I am not the only one who thought about time travel back to the young me, and then teach him about how to live a life. 20211004 - Introduction M. J. DeMarco is the same author of "The Millionaire Fastlane". Surprise! PART ONE: THE DISSONANCE... IS SOMETHING WRONG? 20211005 - CH-1: Tales from the SCRIPT: A Monday Story The controling of time usage is critical. The meaning of life relies on it. The rights to say no, the rights to change as per our willingness, keep us in peace. To this extent, I am very, very lucky. 20211005 - CH-2: Careless Whispers: Guilty Souls Have No Rhythm This chapter reminds me of "Focusing". The voice is our subconscious. It noticed something which is ignored by our mind. Again, we need plenty of time to think. It's terrible to be too busy. Then how about Elon Musk and the employees in SpaceX and Telsa? Many of them work 60+ hours per week, and it seems they are happy. The difference is whether ...

Book: 20210924 to 20211004, "The Psychology of Money" by Morgan Housel

20210924 - Introduction Wealth management is quite different from other professional skills. It has three special features. 1. It's more about psychology than skill; 2. It's more about time than position; (compound effects) 3. There are a lot of traps from other people/companies. 20210925 - 1. No One's Crazy It's impossible to predict the short term change of market, because everyone has different view about the market. Their view is based on their unique experience/memory. Different age, race, residency, education, etc. give us different experience. Reading gives us better prediction of the long term change of market, but, while one step ahead is GOD, and two steps ahead leads to bankruptcy. Boundary of safety is critical. We need to allow ourselves making mistakes. 20210926 - 2. Luck & Risk All extreme archivements are heavily relied on luck. To tell the difference between luck and effort, we need to check their principles based on the first principle. There is al...