Know What Your People Are Like, And

Over Time, It Also Became Important For Me To Share My Management Principles With The People I Worked With Because We Had To Agree On How We Should Be With Each Other - And That Way Is Unique. Because The Logic Behind Being Radically Honest And Radically Transparent With Each Other Wasn't Clear, It Had To Be Spelled Out In These Principles.

What I'm Trying To Say Is That For The Average Investor, What I Would Encourage Them To Do Is To Understand There's Inflation And Growth - It Can Go Higher And Lower - And To Have Four Different Portfolios Essentially That Make Up Your Total Portfolio That Gets You Balanced.

For Every Mistake That You Learn From You Will Save Thousands Of Similar Mistakes In The Future, So If You Treat Mistakes As Learning Opportunities That Yield Rapid Improvements You Should Be Excited By Them. But If You Treat Them As Bad Things, You Will Make Yourself And Others Miserable, And You Won't Grow.

So I Learned That The People Who Make The Most Of The Process Of Encountering Reality, Especially The Painful Obstacles, Learn The Most And Get What They Want Faster Than People Who Do Not. ... In Short, I Learned That Being Totally Truthful, Especially About Mistakes And Weaknesses, Led To A Rapid Rate Of Improvement And Movement Toward What I Wanted.

The Best Advice I Can Give You Is To Ask Yourself What Do You Want, Then Ask 'what Is True' - And Then Ask Yourself 'what Should Be Done About It.' I Believe That If You Do This You Will Move Much Faster Towards What You Want To Get Out Of Life Than If You Don't!