“Once your investment account has touched a peak value, it's almost impossible to forget that number.”
“If you have a painting in you, paint. If you have a song to sing, sing. Don’t judge your creation. Just create it. Banish doubt and fear and step out of your own way if you have to. Write if you’re a writer and invent if you’re an inventor. Do what you were born to do. Only then will you know a remarkable life.”
“According to technologist David Rosenthal, speculation on cryptocurrencies is the engine that drives Web3—that it can’t work without it. “[A] permissionless blockchain requires a cryptocurrency to function, and this cryptocurrency requires speculation to function,” he said in a talk at Stanford in early 2022.4 Basically, he’s describing a pyramid scheme: Blockchains need to give people something in exchange for volunteering computing power, and cryptocurrencies fill that role—but the system works only if other people are willing to buy them believing that they’ll be worth more in the future. Stephen Diehl, a technologist and vocal critic of Web3, floridly dismissed blockchain as “a one-trick pony whose only application is creating censorship-resistant crypto investment schemes, an invention whose negative externalities and capacity for harm vastly outweigh any possible uses.”
Source: Web3: The Insights You Need from Harvard Business Review
“A portfolio can only be “seen” as the data representing the holdings in each account, which means that your monthly investment statement is not actually your portfolio of stocks and bonds. Instead, the investment
statement is more like the wrapper or costume between you and your money.”
Source: Outsmart the Money Magicians: Maximize Your Net Worth by Seeing Through the Most Powerful Illusions Performed by Wall Street and the IRS
“Inflation can kill the potential return on your investments, so saving will not be enough. Adding more income can help you thrive, not just survive.”
“Real estate doesn’t crash — only impatient minds do.”
Source: True Ownership: How to Buy Generational Land: A Practical Guide to Building Lasting Land Legacy in Nigeria
“The mind is a fascinating instrument that can make or break you.”
Source: Zero to Hero: How I went from being a losing trader to a consistently profitable one
“In order to succeed, you first have to be willing to experience failure.”
Source: The essence of trading psychology in one skill
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
Source: Paradigm Shift: How to cultivate equanimity in the face of market uncertainty
“When you learn to let go of the need to be right, being wrong gradually lose its power to disturb you.”
Source: Paradigm Shift: How to cultivate equanimity in the face of market uncertainty