Many people subscribe to the idea that to get a high return you must take a high risk, that low risk leads to low return. I think this keeps people poor, because they either lose a lot or fail to make meaningful returns.
In my experience the rich approach risk quite differently and look for asymmetric risk return; low risk, high return.
If you are looking to expand your business, or your finances, I’d encourage you to look for asymmetric risk return; how can you trial that new idea without sinking a lot of money into it?
It takes a little more thinking, but it’s worth it.
There’s a tendency to gather information, and more information, and more information, indefinitely if a decision is important.
Your next 40 years will be determined by your next ten years.
A mantra I live by in business is, ‘tolerance is the enemy of excellence.’
Functional fixes are not solutions for existential misalignments.
If you’re buying your lunch from someone, what happens if he’s 20cms shorter than you?
It’s almost certain that what’s being agreed isn’t fully understood.
Don’t be a dick.
Five hundred years ago, Michel de Montaigne said: “My life has been filled with terrible misfortune; most of which never happened.”
In tennis, the majority of the game is spent volleying.
I own a wealth management company called MedCapital