Lesson of the day from William Green's book Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life
Lesson 3 Build strong relationships:
"Who you spend your time with is probably the most important thing in life." - Ed Thorp
The people you surround yourself with have a profound impact on your life. Building strong, supportive relationships with family, friends, and mentors contributes to happiness and well-being. Similarly, in investing, collaborating with trustworthy and like-minded individuals can lead to shared insights and better decision-making.
Lesson 4 Don't be afraid to be different:
"Indifference to other's opinion… Willingness to be lonely, take a position others don't think is too bright. An inner conviction." - Lipper
This observation about Sir John Templeton emphasizes the importance of independent thinking. Successful investors often go against the prevailing sentiment and trust their own judgment. This can be applied to life by having the courage to follow your own path, even if it means deviating from the norm.
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