WM 17 June 2023
Quotes Lessons & Thoughts Five agreements Learning and memorising Little details make all the difference or the power of compounding Life Dreams Pinochio = pine (al gland) + eye story. Don't be a muppet. If you want freedom, need to stop lying, avoid drug, It's never too late Set goals Disinflation is bullish for risk assets, Deflation is bearish, Reflation is bullish, Stag/In-flation is bearish Buffet simple approach Capital allocation Red flags Trading: safety/downside protection first, no edge no trade, execute the plan and abandon ego. Method/Preparation + Discipline You cannot predict the future (future is uncertain and changes all the time), but you can prepare for it (use probabilistic framework). Everything is possible so prepare for the unexpected i.e. markets can go up even if the fundamentals suggest the opposite. Pyramiding works But safety first Behavioural cycle Winners keep on winning Meditation Best win first with their heads, second with their hearts, thir...