No matter how smart or confident you (think you) are, it would be foolish to assume that everything is in your control, and nothing would go wrong. — No matter how wonderful a business is, it’s not worth an infinite price. We have to have a price that makes sense and gives a margin of safety considering the normal vicissitudes of life. — Charlie Munger No matter how smart or confident you (think you) are, it would be…

This article was originally published on my private newsletter Sunday Wisdom. You can subscribe here. I’m not a big fan of the word leader. It intrinsically implies that whoever you lead is a follower. …

If a question is asked in a school exam, you know that the answer exists. But that is not the case in this “wicked” world. — This article was originally published on Sunday Wisdom. The US food stamps program, also known as SNAP, helps many low-income households afford nutritious food. In December 2016, Fox ran a story about food stamp fraud. “According to the USDA, $70M of taxpayer money was wasted in 2016 due to food…

You Can Either Get Busy Living Or Get Busy Dying — Life is a death sentence. We all die eventually. It can be sooner or later, but die we will. With that information, you can either get busy living, or get busy dying. You are living when you take ownership of your problems. It doesn’t matter if you win or not…

People who try out different things and dabble with new domains are labelled as “jack of all trades, master of none.” It cannot be further from the truth. — As a kid our school teacher used to encourage us to build a variety of hobbies. He used to say, “Sometimes hobbies take you further than your studies and professions. Cultivate them.” This is very counterintuitive when compared to common wisdom. Having varied and scattered interests has a bad rapport…

Knowledge and experience cannot be generalised. Skills from one domain aren’t always transferable to another, i.e., they are domain dependent. A great chess player isn’t a great strategist by default. — Tiger Woods’ father gave him his first metal club, a putter, at the age of seven months. He set up Tiger’s high chair in the garage where he hit balls into a net, and Woods would watch for hours on end. Before Woods was two, the father son duo would…

Before starting to learn something, you hunt for the best book, the best blog post, the best video, the best tutorial, the best online class before you even begin to learn. This method is flawed! — I’ve recently taken a bit of interest in eating healthy. To get started I was searching for “the best book on nutrition” when suddenly I realised that I had fallen into that same old clichéd trap. This is one of the most common practices when people are getting started with…

As a kid, whenever I wanted something for myself, my father used to turn it into a challenge. This was his way of testing my conviction — how much do I want it? how hard am I willing to work for it? — As a kid, whenever I wanted something for myself, my father turned it into a challenge. If I aced in my exams, or if I woke up at 6 for a week, or did yoga with him for a month, then he would consider what I was asking for. This…

Growing up, I didn’t own a computer. That gave me a lot of free time to play with friends, take long walks, go out on bike trips, read books, and do paintings. Unknowingly, I was living deliberately. — The essence of the philosophy of Digital Declutter is that digital technology and services aren’t inherently evil, but a bulk of them have been engineered to be addictive. They aren’t really free because we pay for them with our time-the time we could have used doing something else, perhaps something…