Last week, investor Bill Ackman hosted a fireside chat conversation in Omaha in front of a standing room only crowd of 500+ investors.

Ackman was joined onstage by Ryan Israel, his partner and Chief Investment Officer.

During the conversation, an audience member asked Israel a deceptively simple question:
"How do you know when to sell a stock?"

In a sharp, thoughtful reply, he outlined three reasons you sell...

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Last week, I had the rare opportunity to spend one-on-one time with some of the most uncommon minds in the world while attending the Berkshire Hathaway Annual Meeting in Omaha.

This piece is my attempt to distill and synthesize the notes down to a set of lessons.

11 lessons from a week with legends: (1) Being misunderstood is the cost of entry, (2) Regularly question your certainty, (3) Awareness is perishable, (4) Education is the most magical thing in the world, (5) Compartmentalization is a muscle, (6) The final 5% costs an extra 100%, (7) Your environment is your destiny, (8) Cultivate an environment of respectful disagreement, (9) You have to earn the right to be a long-term thinker, (10) Stop pressing the eject button, and (11) Boredom is a cheat code.

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My first book is a 7x NYT Bestseller and has reached over 200,000 people around the world in three months since its release. Join the movement to redefine what it means to live a wealthy life.

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Your entire life will change when you realize that growth feeds on meaningful struggle.

When you avoid that struggle, you literally starve your growth of the oxygen it needs to thrive.

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My first book is a 7x NYT Bestseller and has reached over 200,000 people around the world in three months since its release. Join the movement to redefine what it means to live a wealthy life.

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If you're reading this newsletter, chances are you self-identify as an ambitious, high-achieving individual. Or, at a minimum, you aspire to be one.

You probably take pride in your ability to analyze a situation, deconstruct the problem, create potential solutions, and execute against them.

And, up to this point, you've mostly been rewarded for that.

We live in a world obsessed with numbers and analysis. We track every bit of data available to us. We relentlessly deconstruct. We optimize our routines and decisions around dashboards and spreadsheets.

But unfortunately, that tendency can lead us into peril.

Let me introduce you to one of my favorite obscure references:

Anscombe's Quartet...

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My first book is a 7x NYT Bestseller and has reached over 200,000 people around the world in three months since its release. Join the movement to redefine what it means to live a wealthy life.

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I define an asymmetry as something where the risk is limited but the reward is potentially significant. It's an action with an asymmetric return profile: If it doesn't work out, the cost is small, but if it does work out, the reward is large.

I've been keeping a running list of the most powerful asymmetries I've found—the tiny investments with potentially outsized returns.

This piece shares 44 asymmetric things you should be doing (across career, personal growth, relationships, health, and money). Choose 1-2 from each category to implement in the weeks.

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My first book is a 7x NYT Bestseller and has reached over 200,000 people around the world in three months since its release. Join the movement to redefine what it means to live a wealthy life.

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There are certain taxes of life that we must happily pay:

• Periods of loneliness are a tax on personal transformation. To achieve the growth we want, we need to accept that there will be periods when we've left our prior environment and have yet to find our new one.
• Hard conversations are a tax on deep relationships. To build the deep bonds we want, we need to accept the hard conversations that repair and strengthen these connections along the way.
• Boredom of routine is a tax on long-term success. To earn the win in the light, we have to embrace the boring basics in the dark.
• Imposter syndrome is a tax on growth. To unlock the growth we asked for, we need to accept that we will be pushing beyond our current competencies and feeling like an imposter in doing so.

But there is one tax of life that we must actively reject:

The Ignorance Tax.

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Morning routines have been a hot topic of discussion lately, mostly prompted by a mega-viral video of an Instagram influencer running through his elaborate minute-by-minute rituals.

It's incredibly good content—the ASMR sounds, the shots, the execution—but is having a fancy, complicated morning routine really going to change your life?

If you aren't going to start dunking your face in expensive bottled water before 6am, can you still be successful?

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My book has been on the monthly NYT bestseller list for two consecutive months since release and has sold over 200,000+ copies worldwide. 

Get your copy now and join this movement to redefine success and wealth!

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In a world that values sameness, standing out is never free. But those who endure unlock the door to the most extraordinary lives.

This is a brutally honest list of the traits I've observed in people who truly stand out. These are the traits I aspire to live by.

9 uncommon traits that will make you stand out: (1) Be anti-insecure, (2) Cheer loudly (and without qualification), (3) Practice the art of studied nonchalance, (4) Surround yourself with Truth Tellers, (5) Embrace your beginner's mind, (6) Show up when no one's watching, (7) Tolerate uncertainty a little bit longer, (8) Do the old fashioned things well, and (9) Go all in on the things you want.

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My book has been on the monthly NYT bestseller list for two consecutive months since release and has sold over 200,000+ copies worldwide. 

Get your copy now and join this movement to redefine success and wealth!

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Here's a quote I often think about:

Over the years, it's sparked a lot of introspection around a simple question that we should all be asking ourselves more regularly:

Am I blocked by the mountain in my path or the pebble in my shoe?

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My book has sold 200,000+ copies around the world and is a 7x NYT Bestseller.

If you've been wanting a copy (or are looking to gift copies to family or friends), there's a big 30% sale. Now’s a great time to get it.

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Everyone tells you to do hard things, but no one tells you why it's so important.

First, it's because life is hard. And when you take on voluntary struggle, you're better prepared for the involuntary struggle that inevitably enters your world.

But I think there's a deeper reason that goes beyond that...

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My book has sold 200,000+ copies around the world and is a 7x NYT Bestseller.

If you've been wanting a copy (or are looking to gift copies to family or friends), there's a big 30% sale. Now’s a great time to get it.

Order The Book Now!