Ambition makes you lonely at first, then magnetic later.
Surround yourself with humans who create their lives. People who grow, more than they complain. Create, more than they consume. Live actively, instead of accepting life as is. Find people chasing down their potential.
Between 25 and 35, a man faces his hardest battles â not with the world, but with himself. This is the age where you either break cycles and rise or stay trapped in your past forever. â Twitter
Billionaire Video Highlights:
"Creativityâs gonna be a top-tier skill in the futureâitâs the engine thatâll solve the insane problems of getting to Mars and beyond. Without it, youâre just a passenger; with it, youâre engineering the next civilization. Creativity will be the ultimate skill in the futureâbecause itâs the one thing machines canât replicate, the spark that turns ideas into infinite leverage. Those who wield it will build the new world, while the rest just consume it.â â Grok
"People drastically underestimate the sheer, compounding power of being likable in their careers. Itâs not just some trivial social gameâitâs a fundamental principle of human interaction, rooted in the deep structures of competence and trust. If you can master the art of being agreeable, of forging real connections, while still standing your ground with integrity, the opportunities donât just trickle inâthey cascade. Youâre not merely earning a paycheck; youâre building a network of reciprocal value that can propel you far beyond the mediocre confines of the unlikable. The data backs this up: likability correlates with influence, and influence is the currency of success. Ignore this at your perilâitâs not weakness, itâs strength, properly wielded.â
Michael: Thereâs one other thing (Druckenmiller) talked about and it was about position sizing. Broadly speaking when youâre trying to maximize your returns, you need two things. One is you need some sort of an edge. Edge means you have a belief or a mathematical advantage thatâs not reflected in the current odds or in the market price. The second thing is how much you can bet on that when you have that advantage. And the intuition is quite straightforward. If you had perfect information, you knew your bet was going to make money. You would bet everything you could, right?
And then there are degrees of certainty about that. So thereâs this relationship between edge and betting size, and that leads to your total ability to generate excess returns. He has this sort of zinger, where he says, people said, what you learn from Soros? And he said, the main thing that he learned from Soros was that position sizing was 70 to 80% of the game. The reason that struck me is because, first of all, purportedly George Soros made money on fewer than 30% of his trades. And that alone is worth letting settle in a bit. And heâs one of the great investors of our time. So what does that mean?
It means that he made a lot of investments that lost money. They probably did not lose much money. And when he did make money, he made a lot of money, both by betting a lot of money and by letting it run simultaneously. That I thought was a really interesting lesson.
I have an MBA in finance. Yet, 99% of my investing knowledge was acquired outside of school. You donât need a degree to learn how to invest. You need
- A thirst for investing knowledge
- Skin in the game
- WiFi
Thatâs it. â Brian Feroldi
Vince Lombrardiâs most famous line is âWinning isnât the most important thing, itâs the only thing.â That is not the Lombardi line I love. When Lombardi left the Green Bay Packers, where heâd won all of his championships, and went to an also-ran-team, the Redskins, he was loved and feared by players. Larry said, âHe came in and made the following short speech: âEvery team in the National Football League has the talent necessary to win the championship. Itâs simply a matter of what youâre willing to give up.â Then Lombardi looked at them and said, âI expect you to give up everything,â and he left the room. Winning is a habit. Unfortunately, so is losing. Sure, there is the talent, but there also has to be the will. Give me human will and the intense desire to win and it will trump talent every day of the week. â Julian Guthrie