一个典型的陷阱，是追逐一些短期稀缺但长期容易被替代的机会。比如 covid 之后一些人投机去生产口罩，最后血本无归，债台高筑。
Think about what problems you experienced every day, try to solve them, and share your thought process and some of the solution openly, and then you will realize many other people also had similar problems.
Cultural difference is like difference in software architecture and API. Without a rich repertoire of knowledge and mental models, it would be hard to bridge the gap in cultural differences.
Buy right, sit tight; A family in harmony, a life of prosperity.
The word “alpha” has been abused by people with only a few years of investment experience and a time horizon of only a few weeks at most. And the “alpha”, even if true, will only last for a few days if not hours. True alpha will 1) last for years. 2) even if revealed publicly, people will not believe it, many will laugh at it.
Need to learn from William Shatner about longevity. Just bought his book: “Live long and … What I learned along the way. ”
“Incrediblely, to me being busy working all day is almost erotic, I get a kind of sexual pleasure from it, not quite as vivid as making love, but it brings me such joy. ” page 134 of the book. This is his way of describing the state of “flow”.
Make your work composable, share it as widely as possible, and let it compound. Composability means others can freely build their work by borrowing your work and ideas. Complexity and efficiency emerge out of layers and layers of freely-associating composable entities, shaped by the circumstances of evolution. Its emergence is simply beyond the capability of any small group of central planning bureaucrats.
Your own capability and wealth is largely determined by the networks that you can associate with in terms of creating composable work, more composability, more power to you! Judge the importance of a project not by its own merit, but by its composability first.
If you relentlessly increase efficiency in things that matter, health, time, work, relationships, everything else will take care of itself. Efficiency improvement should be the goal. Efficiency will generate wealth exponentially. The dirty little secret about efficiency is that it will compound, i.e, whatever tricks you learned ten years ago to make yourself more efficient, you are still reaping dividend from that now. The same cannot be said of most other activities you engaged in.
知识复杂度高了后，即使翻一些老书也能产生丰富的联想, 发现收获。反过来说，人越浅薄的时候，越爱抱怨, 越爱做伸手党。
Strongly recommend Andrew Yang’s book “Forward”. Especially chapter 16, on how congressional politics really work during and after the election. This book gives you a better mental model.
Envy is such a taboo subject that people prefer to pretend it does not exist, nevertheless, it is so fundamental to how society works, similar to the way gravity and electromagnetism are fundamental to how the cosmos works.
Freedom go up more important than number go up.
Proof of work keeps people honest. Extreme proof of work keeps people extremely honest. All other systems are vulnerable to deception and manipulation.
Nobody will chase stupid investment properties with scarce money, which would reduce a lot of waste in real estate speculation, which would save a lot of material and human effort in the physical world.
Brian Arthur’s theory can help you making money in the financial market, especially when there are disequilibrium processes and paradigm shifts involved.
Energy will flow to where more meaningful connections can be established more quickly and at a lower cost, and that will create more efficiency in the long run. Nothing can stop it. Whether it’s good or bad is very subjective.