RESOURCES

This book was a pretty easy read, though at times it felt like a rant and was redundant. On the positive side, he calls out that many investors are not being well served by their brokers or advisors. Many people, especially with very simple financial situations may be able to take care of their own investing needs. He rightly calls out so-called advisors who are actually sales people and who don’t work under the fiduciary standard, which requires working in their clients’ best interests. He sheds light on how hard it is to pick stocks or to time the market, and how much time and money is wasted in this endeavor.

“If you’re serious about 10x, then freedom is the language and operating system that will get you there. Your own freedom as well as the freedom of everyone else who joins you on your 10x adventure.”

Woke, Inc. addresses the relatively recent phenomenon of businesses seeking to drive social change unrelated to their business offerings.

There is way too much low value activity that takes away from high value activity, including thinking and learning. The better I can get at simplifying my workday and eliminating low value activities to focus on what really matters and do that extremely well, the more successful I will be, and I may even be able to spend less time working at it.

Most people find a conversation engaging if they are engaged in it, but this is backwards. We should seek for the other person to be engaged, which is only done when they are talking.

Reducing The Risk of Black Swans looks at how to go beyond just a stock/bond portfolio to reduce risk of major loss by taking exposure to other, uncorrelated risks. Investors would do well to gain exposure to time-tested risk-factors that are relatively uncorrelated to stocks such as value, small companies and momentum.