I was a bit afraid, that you will explain that the trade was a good thing for the Mavericks. I'm glad you didn't Hahaha Love the analogy of this trade for "principles over predictions". Very powerful.
I'm a big Warriors fan - hope that the Jimmy Butler trade helps :) Unfortunately Dennis Schröder hat a short time in GS, but I was not expecting him to become a key player in the team anyway. And Luka is just exciting to watch and also clutch! What's your team?
I really appreciate your wisdom here and the sports analogy really helps it land for me. I also love your love approach to investing. I am wanting to revisit my decision making principles (maybe clarify or even intentionally define would be a better way of saying it) in light of what you’ve written. Love is one of my core values - how can I ground my decision making in it?
This also helps me cope with our VUCA world and the discomfort and pain of recent events. Things feel particularly unpredictable now - so the clearer I am on my decision making principles principles the more I will feel sovereign and less at the effect of events beyond my control.
I recommend a book called Same As Ever written by Morgan Housel. He wrote about principles that stand the test of times through all the unpredictable times.
Hello! You wrote that the world is unpredictable and that “no one can predict the future, no matter how smart or educated you think you are. Don’t try to be the smartest person in the room.” I’m thinking that you are not a fan, supporter, or participating in sports betting. Betting is making predictions and since the world is unpredictable, it’s a gamble, a gamble that will most likely not reward you.
I rarely leave things to chance when it comes to decision making, so I’m the anti-gambler. I do, however, enjoy recreational poker. And I win quite a bit. Because poker is a sport I understand and I can use principles in decision-making, not gambling.
My fundamental principle in decision-making is "Do the Right (Ethical) Thing." Many systems run on trust, and one must never abuse that trust, even if no one would ever find out.
Not of people love crypto and got rich with it. Not me. I don’t have an indepth understanding of crypto. It’s just in my nature to bet on things I don’t understand. I will continue to work with stocks.
I was a bit afraid, that you will explain that the trade was a good thing for the Mavericks. I'm glad you didn't Hahaha Love the analogy of this trade for "principles over predictions". Very powerful.
Thank you Felix! Are you a NBA fan? Do you root for German players like Frank Wagner and Dennis Schroder?
I'm a big Warriors fan - hope that the Jimmy Butler trade helps :) Unfortunately Dennis Schröder hat a short time in GS, but I was not expecting him to become a key player in the team anyway. And Luka is just exciting to watch and also clutch! What's your team?
Haha, I’m a Celtics fan…. But we can still be friends.
I'll try my best :D
I really appreciate your wisdom here and the sports analogy really helps it land for me. I also love your love approach to investing. I am wanting to revisit my decision making principles (maybe clarify or even intentionally define would be a better way of saying it) in light of what you’ve written. Love is one of my core values - how can I ground my decision making in it?
This also helps me cope with our VUCA world and the discomfort and pain of recent events. Things feel particularly unpredictable now - so the clearer I am on my decision making principles principles the more I will feel sovereign and less at the effect of events beyond my control.
Thank you.
I recommend a book called Same As Ever written by Morgan Housel. He wrote about principles that stand the test of times through all the unpredictable times.
Hello! You wrote that the world is unpredictable and that “no one can predict the future, no matter how smart or educated you think you are. Don’t try to be the smartest person in the room.” I’m thinking that you are not a fan, supporter, or participating in sports betting. Betting is making predictions and since the world is unpredictable, it’s a gamble, a gamble that will most likely not reward you.
I rarely leave things to chance when it comes to decision making, so I’m the anti-gambler. I do, however, enjoy recreational poker. And I win quite a bit. Because poker is a sport I understand and I can use principles in decision-making, not gambling.
My fundamental principle in decision-making is "Do the Right (Ethical) Thing." Many systems run on trust, and one must never abuse that trust, even if no one would ever find out.
Apple -------> Bitcoin
Not of people love crypto and got rich with it. Not me. I don’t have an indepth understanding of crypto. It’s just in my nature to bet on things I don’t understand. I will continue to work with stocks.
You're a smart guy. You'll figure it out eventually.
Oh I know what bitcoin is and what it does, I just decide to make money in other means other than crypto.