The bigger the gap between what you want to be true, and what you need to be true to have an acceptable outcome, the more you are protecting yourself from falling victim to an appealing financial fiction.

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It is ridiculous to renounce the wickedness of others, which is impossible, rather than renounce one’s own wickedness, which is possible.

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The essence of strategy is not to carry out a brilliant plan that proceeds in steps, it is to put yourself in situations where you have more options than the enemy does.

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“to present oneself as one who cannot be corrupted in the first place, rather than as reformed man propped up by external”.

- Maximus

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The rider and the horse.

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Every job looks easy to the person who’s not doing it.

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Worship the gods but do not rely on them.

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You can save more money by spending less.

You can spend less if you desire less.

You will desire less if you care less about what others think of you.

The key to money is psychology, not finance.

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margin of safety, investing and setting yourself up for success.

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Episode 2

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