1. Luck and Risk are doppelangers - every outcome in life is guided by forces other than individual effort.The difficulty in identifying what is luck, skill and risk is one of the biggest problems we face when managing money.The line between 'inspiringly bold' and 'foolishly reckless' can be a millimeter thick and only visible on hindsight.
2. Be careful who you praise and admire.Be careful who you look down upon and wish to avoid becoming. Don't assume that 100% of the outcomes can be attributed to efforts and decisions. Realise that not all success is due to hard work and not all poverty is due to laziness. Focus less on specific individuals and more on broad patterns. Studying a specific person is dangerous because we tend to study extreme examples like billionaires and CEOs which can't be applied to us.
For those curious to know more, head on to my page / @SPACE ROCKET to find out more! @IrmaBurke @Barcode @koolgal🩷
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Barcode·04-13TOPThankyou and a good coverage of this book. Sounds like it would be an easy read with relatable anecdotes in digestible narratives 😊2Report
- koolgal·04-13TOPThanks for sharing your valuable insights on this great book😍😍😍1Report
- ZEROHERO·04-13TOPThanks for sharing1Report