Low-agency people don't get what they want. They get what the system gives them.
High-agency people bend reality toward their goals. Slowly, incrementally, exhaustingly... but they bend it.
Clarity isn't about knowing what you want to do with your life, it's about knowing what you want to do this week. You don't need to have it all figured out. You just need to know your next step.
I find that my life improves a lot when I shrink the time horizon. Instead of worrying about long-term goals, I just focus on the next hour. Do one thing that moves me forward. One closed loop. One workout. One hard conversation. One whatever. Thinking about how to build a successful life is daunting. How can you have a successful day? How can you win this hour? Do that. Then do it again. Momentum is a byproduct of movement.
Yesterday marked the passing of my old mentor Victor Niederhoffer. Victor was a pioneer of what today we call quant trading, a famous (and at times infamous) hedge fund manager, best-selling author, squash national champion, major collector, art and music benefactor, and most of all, the greatest human connector I ever met.
It was through him that I met many of my greatest friends, business partners, and teachers. He introduced me to the person who gave me my first internship, and the one who taught me to ride freight trains, the one who gave me my first job as a trader, the person who introduced me to crypto, and the editor on my last book.
I literally cannot imagine what my life would have been like if he hadn't responded to my cold email as a clueless college freshman all those years ago. In retrospect, that's the ultimate sign of a life well lived.
If you like to read, then I highly recommend his book The Education of a Speculator. It's one of the very few timeless investment books. Beautifully written, moving, and inspiring.
The Asian Financial Crisis - a story. There are a million reasons why this time period is important for any person interest in the markets to study and understand. I will try to touch on just a few broader lessons that really matter. But my own story is this week 10/27-10/31
The brain is designed to learn through constant repetition and active, hands-on involvement.
Through such practice and persistence, any skill can be mastered.
Underrated life advice: A good life is built by simply doing uncomfortable things sooner. The delayed conversation gets harder. The ignored problem gets bigger. The small repair gets more expensive. Peace is never found through avoidance. It’s found through direct early action.
Steve Goldstein: Why Looking at Your P&L Destroys Your P&L. I highly recommend this read! ( i did not check it to see who wrote it but who cares...)
https://t.co/k4W0piOnVU
The greatest battle of all is with yourself—your weaknesses, your emotions, your lack of resolution in seeing things through to the end. You must declare unceasing war on yourself.
Feeling pressure is because you’re doing something meaningful.
Pressure is derived from significance.
If you feel pressure, be grateful that your work is important.