For most of us, the how-to books on our shelves represent a growing to-do list, not advice we’ve followed.
I've been asked at different times for an identical favor: an index card with bullet-point instructions for losing abdominal fat.
Each person made it clear: “Just tell me exactly what to do and I’ll do it.”
I gave them all of the necessary tactical advice on one 3×5 card, knowing in advance what the outcome would be. The success rate was impressive … 0%.
People suck at following advice. Even the most effective people in the world are terrible at it. There are two reasons:
1. Most people have an insufficient reason for action. The pain isn’t painful enough. It’s a nice-to-have, not a must-have.
2. There are no reminders. No consistent tracking = no awareness = no behavioral change. Consistent tracking, even if you have no knowledge of fat-loss or exercise, will often beat advice from world-class trainers.
Markets spun-up over new Fed policy letting inflation run "hot" with low rates and printing money. There's only one problem. Low rates, money printing don't cause inflation. Higher velocity does. Here's a velocity chart. So, rates will go negative. Fed and markets have no clue.
On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied,..