TIP182: The Compound Effect By Darren Hardy
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- เผยแพร่เมื่อ 2 เม.ย. 2018
- The Compound Effect is a book written by New York Times Best Selling author, Darren Hardy. Hardy is the former editor at Success Magazine and is an expert and understanding peak business performance.
IN THIS EPISODE, YOU'LL LEARN:
- How and why you should be the world’s biggest believer in consistency
- Why you should claim 100% ownership of everything that happens to you
- 5 step checklist to get momentum behind compounding success
- Why success is something you attract by the person you become
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Hey guys, what are your key takeaways from this episode?
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Thank you for your own endless experience, influence also study to benefit my trip to turning into more consciously mindful combined with spiritually connected.
Thank you very much guys for sharing those great books and wonderful stories😊👍🏻
17:30 👌🏾👌🏾👌🏾
Thank u
Agree about enough time. If I have more time than Warren Buffett, I can beat Warren Buffett in net worth. To outlive other people in longevity is sure way to win. So stay alive and healthy. A long run way (longevity) will give you best chance.
With the same running time, faster runner win.
Taking full responsibility for everything without blaming others or making excuses is a very important personality factor in majority of successful people. Charlie Munger never blamed the eye doctor for his loss of left eye, never filed malpractice lawsuit. Instead, he think it was his responsibility to figure correct options. People who are good at blaming others or making excuses are almost always at lower end of society.
As we know, higher the social class, higher the degree of autonomy.
en.wikipedia.org/wiki/Social_class_in_the_United_States
Autonomic people: Making all decisions and judgements on their own, taking full responsibility for all outcomes including failures. They do not blame anybody else for bad come but themselves. Example: capitalists.
Dependent people: Taking orders from others, need rigid rules/regulations to function, need well-established knowledge or instructions to work, taking no responsibility for bad outcome or failures (correctly so since they took instructions from superiors). Example: low skilled workers.
Chaos and uncertainty are bless in disguise for autonomic people who thrive on ad hoc decision making which depends more on mental ability.
Chaos and uncertainty are disaster for dependency people who need rigid guideline and established knowledge to function.
"We benefit from volatility" - Seth Klarman.
Excuse is loser's arrogance.
Luck is winner's modesty.
But luck is the opportunity spotted by winner with intelligence while losers do not see.
What is undervalued stock? It is stock that market (most investors and experts) incorrectly determines stock price while you alone think otherwise. Most low P/E stocks are not value stocks which deserve their low valuation like Kodak. Like I said before, value investing is spotting gold others do not see. It is you alone against majority opinions on specific stocks. Only when your correction judgments not shared by majority, you have a value stock on your hand. If everybody can see it, it is no longer a value stock. But if you are wrong and majority are right, you will lose your shirt. You have to be smarter than majority to be value investor (or intelligent investor). Unfortunately, intelligence is genetically determined. Knowledge is not intelligence.