It is easy to assume that wealth and poverty are caused by the choices we make, but it’s even easier to underestimate the role of chance in life.
[We] should believe in the values and rewards of hard work. But also realize that not all success is due to hard work, and not all poverty is due to laziness. We should keep this in mind when judging people, including ourselves.
Via Collaborative Fund https://www.collaborativefund.com/blog/financial-advice-for-my-new-daughter/
The highest dividend money pays is providing the ability to control your time. Being able to do what you want, when you want, where you want, with who you want, for as long as you want, provides a lasting level of happiness greater than any amount of fancy stuff can ever offer. The thrill of having fancy stuff wears off quickly. But a career with flexible hours and a short commute will never get old. Having enough savings to give you time and options during an emergency will never get old. Being able to retire when you’re ready will never get old. The ultimate goal is independence, but independence is not black or white, all or nothing. Every dollar you save is like owning a slice of your future that might otherwise be managed by someone else, and whatever their priorities are.
Via Collaborative fund https://www.collaborativefund.com/blog/financial-advice-for-my-new-daughter/
[Tony Hawk and skateboarding] is an example of something vital to progress in virtually every field: Innovation works like compound interest. Today’s group uses yesterday’s hard work and discovery as a starting point to build off of, rather than a finish line. It took an eternity for one person to master the 900 because there was no one else to watch or mimic. Tony Hawk was alone, like a tinkerer. Today’s skateboarders have a set of directions. They can watch videos of Hawk and say, “Look how he did it. Look how he bent his knees and tipped his shoulder.” Not to mention the motivation of, “If he can do it, I can too.” It’s a roadmap of how to do something, versus the black hole of doubt Hawk faced when trying something no one had before.
Via Collaborative Fund https://www.collaborativefund.com/blog/todays-innovations-are-tomorrows-baseline/
“Until very recently, tech was exciting, but pretty small, and didn’t really touch most people’s lives very much. And in the past ten years it suddenly became systemically important to global society and democracy, without us quite noticing until it had happened.”
Via Benedict Evans https://twitter.com/benedictevans/status/1266144766217027584
You can’t accurately describe how complicated the global economy is.
There are more than 200,000,000 businesses in the world. Three-hundred trillion dollars of financial assets. Eighty trillion dollars of GDP. Almost 200 countries, thousands of cultures and norms.
Via Collaborative Fund https://www.collaborativefund.com/blog/simple-rules-of-capitalism/