The secrets to effective & consistent profitability:
1) Adhere to a simple model.
2) Know what you want to make and it feeds you, leave something on just in case you were wrong about how much more.
3) Don't ask others for opinions, analysis or tips.
4) Manage Risk impeccably - ALWAYS.
5) Don't chase new things after you found your model.
6) Allow others to hold opinions - even if they are diametrically opposed to yours.
7) Unless you run a signal service, keep your opinions to yourself.
8) Make your bread, eat and go live for the day and find ways to bless others with it.
Anything else is BS.
There’s a scene in Breaking Bad where Walter White’s wife realizes he’s made $7.5 million and says:
“There’s no way we can wash this money through a car wash. No car wash in the world makes that kind of money in a year.”
That line hit me. Because it exposes a truth most people ignore: How much you earn is capped by the kind of business you run.
You can work harder, stay longer, even get smarter - but you’ll never make more than what your business model is designed to carry.