In life, you must choose your regrets.
“You'll regret it if you get married. You'll regret it if you don't get married. You'll regret it if you have kids, and you'll regret it if you don't.
Kierkegaard said this 200 years ago as follows:
‘Whatever you choose, you'll regret it. Because the problem isn't in your choices; it's in romanticizing a life you haven't lived.
A person always finds an untraveled path alluring and mysterious.
That's why the issue isn't making the right choice.
It's choosing and deciding which regret you'll live with.’
What have you decided?” — Salih Guney
not showing her kids as part of her daily life is a deliberate choice. unfortunately, others won't have the same choice when a rando just appears out of nowhere with that surveillance contraption
I shat you not. This will be the biggest money making opportunity in the next 5 years.
In 1-2 years when AI is good enough.
We will see small teams making billion dollar Animes and live action movies at sub million dollar budgets.
The moat in entertainment will be gone and so will the cost/bs that stops creators from creating.
Imagine Game of Thrones. But made by 5 guys and the author, with them all splitting the billions it makes.
The HR-lady-ran cess that are Hollywood and Publishing are breaking. The creators are going to take power back and it's going to make them billionaires.
Good.
BUSINESSES ARE NOW USING PREDICTION MARKETS TO HEDGE PROMOTIONS LOL
A BAR IN NYC HAD A PROMO IF THE KNICKS WIN, THEY COVER EVERYONE’S DRINKS FOR THE NIGHT
THE BAR PLACED A $5K HEDGE ON KALSHI THAT PAYS OUT IF THE KNICKS WIN
THE BAR WINS EITHER WAY
Naval Ravikant: "You're going to die. It's all going to zero. What's there to stress about?"
"Stress is when your mind has two conflicting desires at once. You want to be liked, but you want to do something selfish. You don't want to go to work, but you want to make money. You have two conflicting desires, and that's stress."
Naval explains the difference between stress and anxiety:
"Anxiety is this pervasive, unidentifiable stress where you're stressed out all the time and you're not even sure why. The reason is you have so many unresolved problems that have piled up in your life, you can no longer identify what the problems are. There's this mountain of garbage in your mind. A little bit is poking out the top like an iceberg; that's anxiety. But underneath, there's a lot of unresolved things."
He shares his personal anxiety resolver:
"One big anxiety resolver for me is just ruminating on death. You're going to die. It's all going to zero. You cannot take anything with you. If you can keep that idea in front of you at all times, what's there to stress about?"
Naval reframes what "wasted time" really means:
"What is wasted time? Everything is wasted time in a sense because nothing matters in the ultimate. But in each moment, it's the only thing that matters. So if you're doing something you want to do and you're fully there for it it's not wasted time. If your mind is running away, wishing you were somewhere else, anticipating the future, regretting the past, that's wasted time. That's time you're not present for."
He concludes:
"People get worried about dying and no longer being here. But they don't realize that so much of their life is spent not being here in any case."
.@ericries explains why former Costco CEO Jim Sinegal refused to raise the price of everything in the store by $.03, despite the fact that Costco knew it wouldn't decrease sales, and would increase their net income by 50%:
"He says, 'It's like the business equivalent of taking heroin. You do it once, and then you got to do it again, and again, and again. Next thing you know, you're not the low-price leader.'"
"You can get away with screwing people over. You always do it, no matter what. You raise margins. Margins are a source of strength."
"But Costco is built on a very different philosophy, which is that margins can be a source of weakness. @JeffBezos understood it. He used to always say, 'Your margin is my opportunity.'"
"When you're making too much money, when you are being too extractive, you're actually harming your competitive position in the long run."
Charlie Munger on investing in Real Estate in USA:
"Those Patels from India who own all the Motels in USA, they live in the goddamn motel."
“They pay no income taxes, don't pay much workers' compensation...and you want to compete with them?…Not I.”
“Every dime they get, they fix the thing and buy another motel. I don't want to compete with them" 🥶
"So, in real estate, you got all those bullshitters and liars, so it's not a bit easy if you're starting out."
"And you've got people who love real estate like Asians, Hacidic Jews, they're smart people and they know the tricks."
- Charlie Munger. 2017