Perhaps the most significant is that it’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong — Stanley Druckenmiller I’ve been obsessed with asymmetric bets and looking for them wherever I can find them. These are bets where you …
I’ve been thinking about small things that can have a disproportionately large impact. For example, buying options against potential Black Swans. The cost of an option for an unlikely event occurring is generally small but if it happens, the upside can be huge. Conversely, you can have the opposite happen. Credit Suisse made $17.5m in …
I’m the kind of person that likes to dive head first into ventures, getting bored of things quickly and then moving on to the next thing. These include blogging, affiliate businesses (paid traffic & SEO for SaaS and eCommerce businesses), eCommerce businesses, digital courses, self-publishing books under various pseudonyms, trading arbitrage situations, and bought 2 …
God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference. The Serenity Prayer is something I like to keep in mind on a day to day basis. It’s applicable to all facets of life and thereby a very useful principle …
Amazon Audible Introduction In this post, you’ll learn: Is Audible worth it? How to get even more books from Audible Some of my favorite Audible titles, A bonus Audible offer at the end. If you’ve already decided that you’d like to try audible, you can get a 30 day free trial and you get one …
There’s a ton of information being produced now. Having an effective filter is useful. That’s why I like have a newsletter with a digest of news stories where I can skim quickly to see what’s there and anything that catches my eye. My favourites: The Skimm Morning Brew The Hustle The Information Netwealth Morning Business Roundup …
Otter Notes is a great application for note taking. It’s an automatic transcription software (available in desktop and for iPhone/Android) — it does the transcription in real time and while it’s not perfect, it’s pretty accurate and very useful. I use it for taking personal notes (which I’ll put into Roam Research) instead of having …
I’ve never done graphics design before. I always thought it not within my field of expertise (it always seemed to “artsy” for me) and Adobe Photoshop just seems really intimidating requiring hundreds of hours of training. So for the last 10 years, I’ve always used a specialist graphics designer… until Canva that is. Produce Graphics …
During this period where we’re all forced to stay at home, LinkedIn Learning seems to be a very popular self-quarantine activity: LinkedIn Learning was originally Lynda.com. It then got acquired by LinkedIn and renamed to LinkedIn Learning. LinkedIn then got acquired by Microsoft. In a nutshell, LinkedIn Learning has: A library of over 15,000 courses in 7 …
This is a book that I highly recommend. I admire the way that Ed Thorp thinks and share his values on the way that we should spend our time. A few quotes from the book: I felt then, as I do now, that what matters is what you do and how do you it, the …