In this edition, some wise words on the role of luck, breaking the rules and some money wisdom.
If you want a recipe for unhappiness, spend your time accumulating a lot of money and let your health and relationships deteriorate. - James Clear
The reality is that luck (and, if you have a spiritual bent, grace) plays an enormous role in our lives – both good and bad – just as luck plays an enormous role in many specific endeavors, from baseball to investing to poker to winning a Nobel Prize to producing a chart-topping hit record. If we’re honest, we will recognize that many of the best things in our lives required absolutely nothing of us and what we count as our greatest achievements usually required great effort, skill, and even more luck. - Bob Seawright
Learn the rules like a pro, so you can break them like an artist.” Picasso. The more time I spend in personal finance and investing, the more I believe this same idea applies to the “rules of money.” We can call it “the jazz of personal finance.” Understanding the intricacies of established personal finance norms equips us with the knowledge to navigate the boundaries, bend those boundaries, or occasionally even break them. - Jesse Cramer
True money contentment comes from accepting people dumber than you will be richer than you. In investing it’s important to remember there will always be people who are smarter than you. - Ben Carlson