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Start moving and stop intellectualizing
One great way to not take any action is to debate everything and make it an intellectual exercise. Here are a few common tactics I have seen: Tactic 1: Start analyzing the pros and cons of everything. Example: If someone says, "You should start...
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Stop planning, start doing
I have seen people adopt two distinct approaches when they want to start meditating: Approach 1: Sit down and meditate. Approach 2: Research lots...
Tips to regulate social media usage
You don't have to quit all social media, though some people I admire (e.g., Cal Newport) are big proponents of that. In the last few years, almost...
It is too late when we decide it is too late
When is it too late to start something? Today, I came across this guy called Lew Hollander, who At 82, finished the Hawaii Ironman and held that...
Victory is born in our mind, so is defeat
You must have heard a lot of wisdom along the lines of, "Here is what you should do in your 20s." Often, one hears things like: Learn aggressively,...
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The power of simple finance
A Wharton professor, who taught us valuation, once told this story of Merton Miller, who won the Nobel Prize in Economics for his work on the Miller-Modigliani theorem. At that time, our professor was a student at the University of Chicago, where...
If you can’t explain something, don’t do it
A long time back, I was part of an online group of (supposedly) entrepreneurs and investors. About half the chatter in that group was about crypto but there was zero logic in the discussion. Some day people would exult when Bitcoin went up. On...
Have a beginner’s mind
I once was interviewing a professional investor who invests in power plants and infrastructure. But when I asked him "What is 1 kilowatt-hour?" he had no idea. Many people swim in the shallows. They make do by talking about high-level stuff,...
Do what will give you peace of mind
We hear two extreme philosophies of life. One says, "Spend less, own less, and be minimalistic. The other says, "Live it up, enjoy the luxuries, and have fun." So what should you do? While there can't be a prescriptive answer, let me lay out a...