Chapter
Balancing Process and Achievement
54:14 - 1:02:41 (08:26)
The key to balance is appreciating and practicing a set of activities and behaviors for both the process and achievement, but solely pursuing achievement can lead to dissatisfaction even with all the money one could want.
Clips
The danger in exclusively pursuing consensus is that all problems can never be solved with money.
54:14 - 57:35 (03:20)
Summary
The danger in exclusively pursuing consensus is that all problems can never be solved with money. A guiding tenet to continuously improve is a quote from Mark Twain stating that it's important to reflect when on the side of the majority.
ChapterBalancing Process and Achievement
EpisodeEp 63: Hedge Funds, Investing, and Optimizing Lifestyle (Mark Hart, Raoul Pal)
PodcastThe Tim Ferriss Show
It is important to focus on the process as it is easier to get a bad result after a good process due to luck.
57:35 - 1:01:36 (04:01)
Summary
It is important to focus on the process as it is easier to get a bad result after a good process due to luck. It is essential to have a set of activities and practices for appreciation and achievement.
ChapterBalancing Process and Achievement
EpisodeEp 63: Hedge Funds, Investing, and Optimizing Lifestyle (Mark Hart, Raoul Pal)
PodcastThe Tim Ferriss Show
Personal investing can prevent bad decisions by taking the focus off market fluctuations and instead focusing on the predetermined investment outcome.
1:01:36 - 1:02:41 (01:05)
Summary
Personal investing can prevent bad decisions by taking the focus off market fluctuations and instead focusing on the predetermined investment outcome. In life, capital is not the only currency - time and mobility are also crucial in determining the actual value of one's capital.