How it started. || How it’s going. @columbiajourn 💙

If you're wondering what's happening in the economy right now: - jobs are strong - but inflation is still high - therefore Fed will likely raise rates in coming months - which means investors are demand huge yields from long-term bonds - which is why mortgage rates are staying high - which is (one reason) why you're struggling to buy / refi a home

Don't confuse inputs with outputs. Busyness is not productivity.

Mission > mood.

Seriously, how did businesses used to run before Claude? 🤯

Make the quest more important than your mood.

“If you’re in front of a screen, you’re either monetizing it or it’s monetizing you” — DAMN THATS GOOD. I’m quoting that. Beautifully said.

Every time you let your own standards slip, you teach yourself that mediocrity is acceptable. And nobody dreams of becoming mediocre.

I didn't realize how important this would be until I moved to NYC. The value of a city is its people, 110% -- no other factor even comes close.

You’re offered an opportunity to earn $ XX. You think: “that’s not very much.” Later, you’re hit with a bill for $ XX. You think: “Ouch, that’s a lot.” This means your mind is in the right place. If something feels like a lot of money when you’re spending it, but like not much when you’re making it -- you’re on track.

accuracy is not the same as wisdom

If you want to make money, stop worrying about penny-pinching, and **start solving other peoples' problems.**

A few weeks before he died, Charlie Munger was asked if he had any regrets in life. Only one, he replied. "I would have paid any amount to catch a 200 pound tuna when I was younger. I never caught one," he said in an interview with CNBC's Becky Quick. But at age 99, he didn't have the youthful strength and vitality of a 96-year-old, he said. "I am so old and weak compared to when I was 96 that I no longer want to catch a 200 pound tuna. It’s just too goddamn much work to get it in. Takes too much physical strength ... "...Now if you give me the opportunity, I would just decline going after [the fish]. There are things you give up with time.” Lessons: ✨At the end of your life, you don't think about your net worth. (Charlie's is estimated at $2.6 billion.) You think about the experiences that your money, time and health could afford you. Don't trade the opportunity to enjoy experiences for the sake of clutching onto your cash. ✨If you're under 96, stop complaining that you're too old. The future version of yourself will regard your current age as young. ✨There's no alternative but to act now. Opportunities are fleeting.

“The degree to which a person can grow is directly proportional to the amount of truth he can accept about himself without running away.”

One of the most underrated life skills is the ability to just DO the thing you need to do -- -- regardless of whether or not you're in the mood to do it.

Financial freedom is not merely (or even necessarily) escaping work. It's building enough capacity that your life belongs to you.

Moralizing is what people do when they don’t want to examine practical questions. (Applies to moralizing about money, business, life choices, etc.)

Life gets a lot easier when you see everything as data. You don't react emotionally. You just take it in as information, and reassess / respond as needed.

Beware of hiring a cheap employee who creates so much management drag that they are expensive.

You cannot grow the plant by pulling on the stem. So don't try to take profits out of your business too early.

Beware of people who speak with total authority over subjects they know almost nothing about. (Applies to bosses, contractors, clients, even family members, etc). It's fine to know nothing about a topic -- If you have an attitude of curiosity. It's dangerous to know nothing about a topic but hold your uninformed opinions as facts. And it's extra dangerous if that person occupies some type of position of authority -- because their confidence has consequences. It turns into rules and guidelines that are completely out of whack. Learn to recognize these people.