Think logic over emotion
Think systems over skills
Think investing over spending
Think hard work over shortcuts
Think production over consumption
Think success over mediocrity.
Every structural story today was once a cyclical story in past.
Every new structural story in future will be a cyclical story as of today.
Nobody bought Chemicals years back when it started giving signs of being structural
Analysts look into history, Investors look into future
How to build wealth faster:
- Use leverage.
Let’s say you have 50k
In an index fund, 7% up = 3500 gained
With a 300k mortgage, and 50k equity, 5% up = 17 500 gained
*interest on mortgage has to be low. (as they are today)
I don't drink, but I don't care if other people drink.
It helps raise taxes and makes the masses weaker, poorer, and easier to control (lower competition for you).
Like the Spartans say, we don't drink so that we may deliberate over other people, and not them over us.