Alt forms of rich:
You can go to bed and wake up when you want to.
You can buy any book you want.
You have time to read those books.
You have time to exercise.
A short commute.
No dress code seven days a week.
Liberal use of the thermostat.
Collab Fund
13.9K posts
Collab = (people x stuff) + new technologies^creativity
Read our Substack: collabfund.substack.com
Joined May 2010
- Good investing is 50% psychology, 48% history, 2% finance.
- Herb Kelleher of Southwest Airlines on the importance of every customer.
- 90% of personal finance: 1. Find a job you enjoy. 2. Spend less than you earn. 3. Invest the difference. 4. Be patient.
- How John D. Rockefeller lived to 99, from his doctor at the time: "First, he avoids all worry. Second, he takes plenty of exercise in open air. Third, he gets up from the table a little hungry."
- "In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves." - Erik Falkenstein
- "You have to learn the rules of the game. And then you have to play better than anyone else." - Albert Einstein
- The amount of (justified) praise Jack Bogle is getting is a reminder that when this is all over no one will care how much money you made but everyone will remember how much good you did and how many people you helped.
- Key to eliminating most personal problems: Work hard in a job you enjoy. Live below your means. Invest the difference with a long-term mindset. Be nice to people. Exercise and eat right. Sleep 8+ hours.
- "I did not succeed in life by intelligence. I succeeded because I have a long attention span." -Munger
- A simple and realistic hack list: Work hard. Be nicer to people than you need to be. Realize that luck is real and under-observed, so be careful treating actions as a direct cause of both success and failure.





