![]() Start small - a sentence or two is progress.Ĭomedia Penn Jillette started keeping a journal when he was 30Īt the time, he felt that it was already too late to start. Journaling also helped identify anxious thoughts and provide a space to address them honestly. Seneca reviewed everything he did, identified mistakes, course-corrected, and forgave himself. It provides space for understanding yourself and examining each day fully.Īs philosopher Socrates said, "The unexamined life is not worth living." That's why I've embraced daily journaling. I certainly fall into that trap sometimes. Keeping a daily journal is life-changing.ĭo you ever feel like you're just going through the motions each day without much self-reflection? ![]() What do you think about Unions? Let me know ⬇️ I know this is an unpopular opinion, but it doesn't mean it's false. It is also difficult to let poor performers go.įiring someone is not unlike suffering through the cost and trauma of a costly divorce.īut unions cling to what worked in 1937, not 2023. UAW dictates to automakers where to make EVs, using certain labor. This might seem far-fetched, but this is the power that unions have. Ban email communication and replace it with modern typewriters. Coffee in the office would be replaced by marijuana. Demand their salary match that of a brain surgeon. Take my firm IMA | Investment Management Associates We cheer for success, then suddenly hate it. In the US, we love small businesses and hate big businesses. Unions evolved from protecting workers to becoming a cancer-killing industry. I read harrowing stories of working conditions in Chicago's meat-packing plants a century ago. Unions have shaped the US and our laws over the past hundred years. If you enjoyed this, join 81,000+ people who read my investing newsletter every week. Surround yourself with the right people, and you will never feel alone. Saying I don’t know when you don’t know requires honesty and self-confidence. Vague rightness comes from understanding how things work and the relationships among variables. Pretend you are managing your parents' retirement savings.ĭon't know how to do a writeup? Check out the from world-class investor Joel Greenblatt.'ĭo you have a degree in aerospace engineering?Ĭreate a map of the industry and learn about each company in that industry. Your focus should be on focused stock analysis. The best way to learn investing is by doing it. You can only do that by putting your money to work. Your investment strategy has to fit your personality. ![]() Here are 7 simple tips to become a great investor: Like fresh-off-the-boat immigrants, let's stay hungry, strive for success, and never take it for granted.īecoming a great investor is even harder. USA, my adopted home, still holds promise. Socialism clashes with our nature incentives matter.Ĭapitalism isn't flawless, but it's our best shot. I ache seeing younger gen romanticizing socialism. We're less free as we self-censor.Ī look back at the US over 30 years: It's become more tribal. Cancel culture hurts us more than government. Tribalism divides, we outsource thinking to our tribes. But as I reflect on spending the bulk of my adult life here, I realize I understand this country less today than I did 30 years ago. I don’t know if I was driven by hunger for success, fear of failure, or by seeing the contrast of what this country had to offer versus my life in the Soviet Union. They taught me to work harder than anyone else. Those were difficult years, but I would not trade them for anything. Every member of my family needed to work. I spent a few months knocking on the doors of every business within walking distance of our apartment. The first few years in the U.S., my parents worried about how we would pay for groceries and rent. It doesn’t make people love you your actions do. Sometimes you like what is revealed many times you don’t. Our understanding of money, especially mine, was very limited. My family, despite my father’s high salary (he had a doctorate, which boosted his pay), lived from paycheck to paycheck. In Soviet Russia, everyone was equally poor. My dad chased the American dream, unaware the Soviet Union would crumble soon.Īfter 30+ years, has capitalism kept it's promise? 4, 1991, my family “got off the boat” from Russia.
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