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This is not to say it’s easy. It’s not easy. It’s actually really freaking hard. It is the hardest thing you will do. But it’s also rewarding.

You don’t get rich by spending your time to save money. You get rich by saving your time to make money. In an age of leverage, one correct decision can win everything. Without hard work, you’ll develop neither judgment nor leverage.

You have to put in the time, but the judgment is more important. The direction you’re heading in matters more than how fast you move, especially with leverage. Picking the direction you’re heading in for every decision is far, far more important than how much force you apply. Just pick the right direction to start walking in, and start walking. ...

You have to put in the time, but the judgment is more important. The direction you’re heading in matters more than how fast you move, especially with leverage. Picking the direction you’re heading in for every decision is far, far more important than how much force you apply. Just pick the right direction to start walking in, and start walking. ...

读书是一种可以确保活在及格线以上的稳妥方法，即不至于变的过分的庸俗，低级，和自以为是，有中上水平的思考和内省能力。 达到这个及格线以后，想更进一步变的更厉害，其实也非常简单，去实践。把在书里看到的东西，实践起来。 ...

富豪，追求高品质，不好糊弄。 中产，追求性价比，斤斤计较。 蠢货，凭本能行事，容易糊弄。 本能包括：贪便宜、情绪化、害怕错过、爱占便宜… ...

大脑是个耗能极高的器官，它以 2%左右的身体重量，消耗了身体总消耗的 20%-30%的能量。 人每天大脑运行的产出是有限的，要把脑力用在重要的事情上。不要白白浪费你的生命。 ...

佛曰:我不进监狱谁进监狱。 这样反而会达到集体最大利益。

困扰我们的不是如何获得幸福，而是如何比别人更幸福。

The one thing you have to avoid is the risk of ruin. Avoiding ruin means stay out of jail. So, don’t do anything illegal. It’s never worth it to wear an orange jumpsuit. Stay out of total catastrophic loss. Avoiding ruin could also mean you stay out of things that could be physically dangerous or hurt your body. You have to watch your health .Stay out of things that could cause you to lose all of your capital, all of your savings. Don’t gamble everything on one go. Instead, take rationally optimistic bets with big upsides. [ ...

Choosing what kinds of jobs, careers, or fields you get into and what sort of deals you’re willing to take from your employer will give you much more free time. Then, you don’t have to worry as much about time management. I would love to be paid purely for my judgment, not for any work. I want a robot, capital, or computer to do the work, but I want to be paid for my judgment. ...

Value your time at an hourly rate, and ruthlessly spend to save time at that rate. You will never be worth more than you think you’re worth.

Warren Buffett spends a year deciding and a day acting. That act lasts decades.

The business world has many people playing zero sum games and a few playing positive sum games searching for each other in the crowd. Wealth creation is an evolutionarily recent positive-sum game. Status is an old zero-sum game. Those attacking wealth creation are often just seeking status.

Analyzing from the perspective of game theory, the contributions of employees to companies follow a parabolic curve, while wage levels continue to rise. This is why internet companies have a retirement age of 35. +++

The unlucky ones who were eliminated by competition have no voice; you cannot see their journey of heart and their thoughts. +++

The less you want something, the less you’re thinking about it, the less you’re obsessing over it, the more you’re going to do it in a natural way. The more you’re going to do it for yourself. You’re going to do it in a way you’re good at, and you’re going to stick with it. The people around you will see the quality of your work is higher. ...

If someone can train other people how to do something, then they can replace you. If they can replace you, then they don’t have to pay you a lot. You want to know how to do something other people don’t know how to do at the time period when those skills are in demand.

Think about what product or service society wants but does not yet know how to get. You want to become the person who delivers it and delivers it at scale. That is really the challenge of how to make money. Now, the problem is becoming good at whatever “it” is. It moves around from generation to generation, but a lot of it happens to be in technology. ...

The most interesting and the most important form of leverage is the idea of products that have no marginal cost of replication. This is the new form of leverage. This was only invented in the last few hundred years. It started with the printing press. It accelerated with broadcast media, and now it’s really blown up with the internet and with coding. Now, you can multiply your efforts without involving other humans and without needing money from other humans. ...