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1/ Albert Einstein once said compounding interest is the most powerful force in the universe.*
Einstein was wrong.
Einstein was wrong.
2/ There are *two* most powerful forces in the universe: Compounding interest and Black Swan Events.
3/ Compounding effects give us access to exponential growth over long time periods.
Black Swan events give us access to exponential growth over short time periods.
Black Swan events give us access to exponential growth over short time periods.
4/ We can capture compound interest with consistency. Be consistent with the boring fundamentals.
Invest money every month. Lift a little more weight every week. Read a little everyday.
Invest money every month. Lift a little more weight every week. Read a little everyday.
5/ Black Swan events are by definition unpredictable.
The best we can do is be ready for them.
The best we can do is be ready for them.
6/ How to prepare for the unknown?
Be consistent with the boring fundamentals.
Invest money every month. Lift a little more weight every week. Read a little everyday.
Be consistent with the boring fundamentals.
Invest money every month. Lift a little more weight every week. Read a little everyday.
7/ When your opportunity comes, when your call to adventure beckons, when everything is on the line--you will already have the skills and resources you need.
END/ Only the boring fundamentals help us capture compounding effects and prepare us for black swans. No hacks, no convoluted schemes. Just the boring fundamentals.
*/ I know this quote is apocryphal, work with me here 😬
