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[Bureau des Quant @BureaudesQuant]

Warren Buffett says one of the biggest reasons he became wealthy wasn’t genius.

It was luck.

He called it the “ovarian lottery.”

You didn’t choose:

• Your parents
• Your country
• Your family’s wealth
• The year you were born
• The opportunities available to you
Buffett’s point wasn’t to make excuses.
It was to recognize reality:
Luck determines the starting line.
Skill determines what you do with it.
The mistake is thinking you can control the first part.

You can’t.

But you can control what happens next.

That’s why Buffett keeps coming back to a few principles:
→ Stay inside your circle of competence.
→ Never risk what you need for what you don’t.
→ Buy wonderful businesses and give them time.
→ For most people, simply owning a low-cost index fund is enough.

You don’t need to beat the lottery.

You need to play the hand you were dealt exceptionally well.

Because the market doesn’t care about your background.

It doesn’t care how lucky you were.

It rewards patience, discipline, good decisions — and time.
Luck gets you into the game.
Skill, discipline, and compounding determine how long you stay in it.
So what do you think?
Is success mostly luck, mostly skill, or some combination of both?

Give me your honest answer. 👇

[Paco @CashTra1l]

Jeff Bezos gave a 50-minute talk at Stanford in 2005.

20 years later, most of the advice still sounds ahead of its time.

A few ideas worth stealing:

1. Problems become invisible when you get used to them.
Bezos called it “learned helplessness.”
2. Stop choosing between two good options.
Customer service or low prices?
Why not both?

3. Run more experiments.
Don't obsess over making every idea look brilliant.
Increase the number of shots you take.
4. Obsess over customers.
Competitors can tell you what they're doing.
Customers can tell you what you should build.
5. If everyone thinks your idea is stupid, don't automatically kill it.
Sometimes the weirdest ideas just need more time.

Prime was only a week old when Bezos gave this talk.
$79 a year.
And his question was basically:

Why shouldn't 2-day shipping just be a fixed cost?
That question sounds obvious now.
It wasn't in 2005.

That's the point.
The best business ideas often look ridiculous right before they become obvious.

[Bureau des Quant @BureaudesQuant]

@CashTra1l The “why not both?” mindset is underrated. Most companies create unnecessary trade-offs.

[Bureau des Quant @BureaudesQuant]

We’re often making decisions based on what we think something will feel like. That’s the interesting part.

[Bureau des Quant @BureaudesQuant]

Jerry Seinfeld thought kids were a waste of a perfectly good life.

Then Warren Beatty showed him an old office.

It was now filled with toys.

Beatty said:

“One of the nice things God does is that he doesn’t let people who don’t have kids know what they’re missing.”

Seinfeld never forgot it.

You can’t miss what you’ve never experienced.

Sometimes life’s biggest upgrades are impossible to understand beforehand.

[Steve Clemans @Steve09812]

Jerry Seinfeld How Warren Beatty changed his mind on Kids

[Bureau des Quant @BureaudesQuant]

@RazioFI Right. It’s much easier to notice money being taken than purchasing power slowly disappearing.

[Bureau des Quant @BureaudesQuant]

@0leSam @RazioFI Yep. He could take a complicated economic issue and reduce it to one question that actually matters.

[Bureau des Quant @BureaudesQuant]

@RazioFI “You didn’t make the bill disappear. You just moved it.” That line hits.

[Bureau des Quant @BureaudesQuant]

@mindfooljungle true

[Bureau des Quant @BureaudesQuant]

@mindfooljungle The modern version is probably TikTok, Reddit, Amazon reviews, app rankings and what people keep complaining about. Consumer behavior leaves clues everywhere.

[Bureau des Quant @BureaudesQuant]

https://t.co/o76lE1QbR7

[Bureau des Quant @BureaudesQuant]

https://t.co/o76lE1QbR7

[mindfool @mindfooljungle]

https://t.co/m3zVzr83c6

[Bureau des Quant @BureaudesQuant]

@mindfooljungle I’ve watched a lot of presentation advice. This feels different because it comes from decades of actually teaching.🛞

[mindfool @mindfooljungle]

Most people spend years learning what to say.

Almost nobody spends an hour learning how to make people listen.

Patrick Winston taught at MIT for decades.

His “How to Speak” lecture breaks down the things great speakers do differently:

→ Start with a promise
→ Use the board, not just slides
→ Make ideas visual
→ Never hide your hands
→ Know when to stop
→ Leave people with something worth remembering

No fancy tricks. No motivational fluff.

Just decades of teaching distilled into one hour.

Watch this once.

You’ll never look at a lecture, presentation, or speaker the same way again.

[Bureau des Quant @BureaudesQuant]

@RazioFI thanks

[Bureau des Quant @BureaudesQuant]

Warren Buffett says one of the biggest reasons he became wealthy wasn’t genius.

It was luck.

He called it the “ovarian lottery.”

You didn’t choose:

• Your parents
• Your country
• Your family’s wealth
• The year you were born
• The opportunities available to you
Buffett’s point wasn’t to make excuses.
It was to recognize reality:
Luck determines the starting line.
Skill determines what you do with it.
The mistake is thinking you can control the first part.

You can’t.

But you can control what happens next.

That’s why Buffett keeps coming back to a few principles:
→ Stay inside your circle of competence.
→ Never risk what you need for what you don’t.
→ Buy wonderful businesses and give them time.
→ For most people, simply owning a low-cost index fund is enough.

You don’t need to beat the lottery.

You need to play the hand you were dealt exceptionally well.

Because the market doesn’t care about your background.

It doesn’t care how lucky you were.

It rewards patience, discipline, good decisions — and time.
Luck gets you into the game.
Skill, discipline, and compounding determine how long you stay in it.
So what do you think?
Is success mostly luck, mostly skill, or some combination of both?

Give me your honest answer. 👇

[Razio @RazioFI]

4 Pillars that STILL build a Better $$$ Future https://t.co/uJQb0LaetU

[Bureau des Quant @BureaudesQuant]

This is probably the most honest way to look at success. Luck matters, but what you do with it matters too.

[Bureau des Quant @BureaudesQuant]

@0leSam Wait… this is from the early 90s? The way he explains state management still feels ridiculously relevant.

[Narrativia @0leSam]

The best money lessons are often free.

You just have to recognize them before everyone else does.

Early ’90s.

Tony Robbins is at his house.
No stage.
No pyrotechnics.
No million-dollar production.

Just a flipchart.

He spends 30 minutes explaining how to read someone’s emotional state — and shift it when they hide behind:

“I can’t afford it.”

He calls it “attack and confess.”

Don’t fight the objection.

Admit you almost missed it too.

The room gets quiet.

Then you stack enough “yeses” that the close is practically done.

People spend years trying to figure out sales.

He mapped it out in half an hour.

Back then, a seat cost $125.

Today, access to Tony Robbins can cost $1M+ per day.

And this recording?

Still free.

That’s the real luck.

Finding something valuable before the market realizes what it’s worth.

The next 21 minutes are yours.

[Bureau des Quant @BureaudesQuant]

@mindfooljungle @CashTra1l The chatbot race gets the headlines, but the lab work is where the real long-term shifts may be happening.