Pedro

[Naval @naval]

The only truly wasted time is time spent wishing you were somewhere else.

[Machiavelli Bot @UnmodernmanBot]

You do not fear failure. You fear the death of the fantasy that you were special without proof. As long as you never fully try, you can keep believing greatness was available. The untouched dream is the coward’s favorite hiding place.

[Sam Stoffel @sam_stoffel]

Founder of lululemon on what he'd tell every 25 year old:

"I'd tell them that every person in the world is an individual with a different genetic makeup and a different upbringing and the way that you're thinking is so radically different than every other person in the world and incomparable that if you have an idea and you want to move forward with it, don't worry so much about the competition because nobody will be able to replicate you and the way you think about it."

[Mark Manson @Markmanson]

Feeling like you have no fucking idea what you’re doing is the price of entry to achieving your dreams.

[Lee Roach @leevalueroach]

If you have under $10 million and you are buying Apple, you have voluntarily entered the one fight in all of public markets where you have no edge, no advantage, and no reason to exist.

There are 40 PhDs, three sell-side teams, and a sovereign wealth fund modeling Apple’s next quarter to the penny, and you, with your brokerage app and your podcast opinions, have decided to join that table. You will not find a mispricing in Apple. The mispricing in Apple was arbitraged away before you finished reading the headline.

Meanwhile there is a $90 million industrial parts distributor in Wisconsin that no analyst covers, no fund can buy because the position would take six weeks to build, and no institution will touch because it would not move the needle on a billion-dollar book. That is your table. That is the only table where being small is an asset instead of a punchline. Your size, the thing that feels like a limitation, is the single greatest structural edge available to a human being in public equities, and you are spending it on the most picked-over stock on Earth.

The big funds cannot follow you down here. That is the entire point. Go where they physically cannot fit.

[Carl Jung Archive @QuoteJung]

When Carl Jung said:

"People don't have ideas. Ideas have people."

[Pedro @PersonalDevP]

@recap_david NEWSLETTER

[Carl Jung Archive @QuoteJung]

Life is short. Live it loud.

[Pedro @PersonalDevP]

@LoganTGott SYSTEM

[st1ne @SolSt1ne]

Goldman Sachs MDs make $1-3M/year doing one thing: keeping CEOs of Fortune 500 firms on speed dial.

This 23-min UVA Law lecture by Goldman's Vice Chairman of Global Client Coverage teaches you the exact 18 rules he uses to do it.

worth more than any $5K business school elective on client management.

bookmark & watch today.

[Deep philosophy @DeepPhilo_HQ]

"I always tried to turn every disaster into an opportunity".

- John D. Rockefeller

[Pedro @PersonalDevP]

@TheGeoMethod Geo really has the methods 🔥🔥

[The Real Estate God @TheRealEstateG6]

https://t.co/wF47rJ6Pwb

[Pedro @PersonalDevP]

@imakeBADads Eddie Maadloafs of bread speaking facts 🙌🔥🔥

[Ronit Pereira @CAronitpereira]

"You have to make yourself as un-ignorant and as un-stupid as you possibly can.”

“Rationality is your highest moral duty.”

- Charlie Munger. 2017

[Pedro @PersonalDevP]

@nicktheriot_ LEADS

[Alex Becker 🍊🏆🥇 @ZssBecker]

Okay. I'm ready to talk about this.

It was the worst month of my life. Also ironically the greatest blessing god has ever given me.

Last month I was held in the Cayman Islands facing 15 years in prison.

The charge: illegal firearm importation. Here's what happened. More importantly what I learned.

Short answer: no. I haven't been smuggling guns.

In the States I legally carry a gun on me at almost all times for self defense. Part of this is ensuring I am trained.

Hence why I routinely go to the range to shoot. When I do I pack the firearm I intend to use in in a backpack.

Last month I was in a giant rush to make a private flight and didn't fully check my backpack before leaving. In it was a small firearm I missed.

It was discovered when I went through immigration.

At first I assumed I'd just be sent home.

Then my wife did some quick research. She pointed out the minimum sentence for importing a gun is 15 years. The police who showed up confirmed it.

To say I nearly pissed my pants is an understatement.

This was completely my fault. I'm an idiot. The point of this post isn't to blame or complain about anything. The laws there are fair. I'm a grown man capable of checking his bag before flying.

The point is: for three weeks on the island (on bail), I got to take a long hard look at my life.

I've built a high net worth and a company I love, with people I love working with. I have a beautiful wife who is my best friend. I do whatever I want all day every day. My parents are alive and I get to see them almost every week.

Still, despite all this, I often wake up annoyed I haven't done enough with my life. Asking myself "is this it?" In fact I'm pissed half the time, feeling I can do better.

Which is ironic. I made $20,000 a year in the military. If you'd told me then I'd achieve a 9 figure net worth and all the above, I would've assumed I'd consider my life a dream.

The twist truly hit me on the island as I watched everything I worked hard for in my life held at "gunpoint". Pun intended. Everything I worked so hard to get — poof. Didn't matter for shit.

The way the law works there are simple : if you can't prove it was an accident, the minimum is 15 years.

It became glaringly obvious. Not only was I an absolute idiot who couldn't pack his own bag. I'd also become a fool who couldn't enjoy the blessings I already had.

I'd taken all the people in my life and the success totally for granted. Blind. Blind. Blind.

Nothing like a 20-year potential sentence to make you realize: waking up with fun stuff to work on, then chilling on the couch reading with your wife at the end of the day — that's about as good as it gets.

I should be euphoric 24/7.

To go from having it all, to potentially not even having the option to piss and shit when you want — that's a wake up call if there ever was one.

Luckily, the Caymans is a fair place. I was found under exceptional circumstances during my trial. AKA the judge and the courts reviewed the case and agreed it was an accident.

I still love the island. It's probably my favorite place to vacation. Just check your luggage before you go. Ha.

My point is this: be present. Enjoy your life. One day something could happen — even by complete accident — and yoink it all away.

I have so many friends who'll read this and by all definition live a "dream life" — and yet are dissatisfied just like I was. If anything this is the default for most successful men. Not the exception.

I'm writing this to help you stop.

It took god slapping me across the face with my own ignorance to see it. It was painful and scary. Dark.

But honestly, it was the greatest blessing I've ever received. I'm writing this from my office at home, giddy as absolute fuck about my life and everything I have the option to do today.

If anything, I'm sad about how much time I wasted feeling otherwise.

Don't be ignorant and stupid like me. You might not get the blessing of a 15-year prison threat in a foreign country to wake you up.

Wake up. Appreciate what you have now.

[Rohan Paul @rohanpaul_ai]

Larry Ellison:
“My standard advice to entrepreneurs is you can’t be successful as a small company doing the same thing everyone else is doing… If you’re an entrepreneur, you have to find errors in conventional wisdom.”

[Hesse Philosophy @HermannHessed]

“The great majority of men attend to what is necessary only when they feel a need for it—the precise time when it is too late.”

— Napoleon

[Mark Manson @Markmanson]

A happy life is not a life without struggle, it's a life with meaningful struggle.