I’m currently reading A Man for All Markets, a memoir by Edward O. Thorp. It chronicles his story as a mathematics professor who tried to beat the casinos in gambling games. Later, he did something similar in the financial markets. He eventually became the pioneer of quantitative finance. I enjoyed the book and learned a lot from it. Among others, the book taught me about calculating the odds before making a bet and balancing risks and returns.
You only get a few opportunities, and you have to grab them aggressively when they come because even in the most favored life, they’re really rare. – Charlie Munger How do you reach your full potential? A big part of that, I believe, is making the most of your opportunities. The more you can capitalize on the opportunities that come your way, the better off you will be. But if you don’t make the most of them or – worse – miss them altogether, you wouldn’t do well. So how do you make the most of the opportunities?
I recently read This Kind of War by T.R. Fehrenbach. It’s a history book about the Korean War. It had sat in my Kindle library for a while and one day I decided to read just a bit of it. But then I couldn’t stop reading it!
As we are ending 2020 and approaching 2021, a question came to my mind: how can we thrive in 2021? 2020, needless to say, has been a challenging year. The word “unprecedented” seems to be used again and again. But 2021 is coming. How can we make the most of it?
Your mindset plays a key role in maximizing your personal growth. Why is that the case? Because your mindset determines your actions. The right mindset will lead you to the right actions. The wrong mindset, on the other hand, will lead you to the wrong actions. The question is: what is the right mindset to adopt to maximize your personal growth?
We are now at the end of October. That means there are only two months left before we enter 2021. What should we do? Well, I believe that we should use the last two months of this year to build a strong foundation for next year.