If you insist on being goal-oriented you risk just reaching your goals

Topic: Focus on goals, and that’s all you’ll get (if your goal is to become a billionaire, you risk becoming one — and nothing more)

Conclusion: Avoid goals. self-esteem, happiness, experiences and knowing yourself are paramount to second hander “success”


Child psychology for adults with the wrong priorities

The famous Danish child psychologist, Jesper Juul, has advocated witnessing your children’s upbringing, as well as being a true role model, rather than trying to shape and raise them with praise and bans.

Juul builds on observations of children’s willingness to mimic and assist; being helpful. Children try to do the same things you do, and they try to assist you in whatever you’re doing — regardless of what you’re trying to teach them. Children are very competent in this regard, i.e., in doing what you do, rather than what you say.

Juul also discusses self esteem vs. confidence. Self-esteem comes from being seen, loved and cared for, which produces a sense of intrinsic human value. Confidence on the other hand is associated with actual ability, such as being good at running, building things or doing math.

According to Juul, or at least what I remember from his book “Your Competent Child”, you should refrain from overly praising your child, telling them they are “good at drawing”, “good at running” etc., or for that matter issue orders like “get down from there!”, “you are not allowed to…” and so on. Instead, by saying things like “that’s look fun!”, or “do you like to paint?”, a parent encourages children to do things for themselves, to find their own center.

In addition, expressing love unconditionally builds long term self-esteem and a sense of inner worth, whereas praise tends to lead to “only” confidence, which can be ruined by a single poor execution. Nothing can ruin a solid self-esteem, while if your worth is based on ability, any little accident or setback can ruin you.

If you cheer on and praise competence and ability, you risk creating a feedback loop of: achievement = > praise => confidence => good feeling => search for more praise => achievement … => => tangible success

It might sound good being a catalyst for your children’s success, but what’s missing is self-esteem, being happy in oneself without the need for other people’s appreciation. When you’re constantly trying to prove yourself in the eyes of others, it’s difficult to find yourself and attain true happiness. You risk creating materialistic and successful but ultimately unhappy second handers.

In short, if you instill target-seeking in your children (or pursue targets yourself), they risk merely reaching those goals, and missing life altogether.

 

“If you do not change direction,

you might end up where you’re heading”

— Lao Tzu

 

(read that quote, and fifteen more of my favorite, important and useful quotes here)


Conclusion

You want to become rich? What if that’s all you do? (realizing at the age of 87 that you have no friends, are unhappy, lack memorable experiences, have health problems and so on). Imagine you could trade places with Warren Buffett right now. You’d get 100bn dollars, give or take, and you’d be transferred to his 87-year old body. I trust you would say no (as I wrote about here regarding Time and Money)

You want fame? What if that’s all you get? (no real friends, no riches, harassed by stalkers, never left alone)

You want to go to Mars? What if that’s all you get to do; all alone on a space ship, than all alone on an empty planet?

You want to be the world’s strongest man? You want to be the biggest bodybuilder? The fastest 100m dash sprinter?

All of those things may very well lead to interesting experiences, but if the specific goal is all you attain, your life will most likely be a meaningless one. Even worse so if you miss your one goal as well.

A final word: Be very careful in choosing your goals; update and amend them often according to who you have become in the meantime. Prioritize mid-term goals (months to years) over long-term ones (decades to life-time), and mark and celebrate your short and mid term accomplishments.

Don’t ever feel the need to adhere to a plan or goal that your younger self set up, if present you wouldn’t go back and set it up. Present you is all there is (but you might want to do some investing on behalf of your future you, just not too far off into the future)


Do you want to constantly learn new things, experience new things, get to know new people, hang out with friends and so on, then you can start right away and enjoy the entire journey.

It may be too late for you, but please avoid passing on your misguided goal orientation to your children by constant praise or threats and bans, rather than participatory witnessing as a role model.


My next post will be about the difference in longevity between men and women, and what that implies for your lifestyle if you want to live a long and meaningful life. Bookmark this page and subscribe to my newsletter to stay tuned.

How to ace a hedge fund job interview

How to get through a hedge fund interview with flying colors

Reading time: 2120 words

Warning, this post is a bit unusual. It’s a run-through of a job interview case I used at my hedge fund Futuris.

It takes about five to ten minutes to read, and will teach you a lot about what I was looking for when hiring analysts (PMs to be), and what you probably should keep in mind during an interview.

Executive summary

Don’t crack under pressure was probably the most important part of the test – the ability to pick oneself up and continue, to try new ways and ideas, after failing one route. Functioning under pressure, keeping communication up, and being able to make decisions, ask questions and try, despite having made a few mistakes.

That…

…and keeping neat notes, following a logical order, formulating a plan, communicating, demonstrating an ability to do quick sanity checks on the fly, to combine a bird’s eye view with at least a quantum of sense for details and plausibility in the micro perspective.

 

How long is a string?

(“piece of string” – I know, but I want it to sound a little retarded)

Well, a quantum string is around 10-35 meters long, so they’re pretty well defined in terms of length, if that’s what you’re asking.

string

Huh?

Unfortunately, you never know what kind of string the question is about, so the answer is usually completely arbitrary. What it means is simply “there is no (known) answer to your question”.

I love using it as my turn-around to a lot of questions I get about valuation, timing, subjective judgement calls etc. 

-It works for most truly important questions regarding life, the universe and everything:

  • How far will the stock market bounce go? What multiple is warranted for this and that biometrics company?
  • Is micro or macro most important for valuing this stock?
  • Is it different this time or not?

The answer is typically “both” or some variation of that.

 

On required skills (measuring strings) for getting a job at a hedge fund

When I hired people at my* hedge fund, I wanted to know the person could manage switching perspectives back and forth, while being organized and keeping calm enough to keep track of the task at hand. Not least I wanted to see how they handled pressure and (rectifying) mistakes.

I asked them one simple question:

“Does all the physical legal currency (bills and coins) in Sweden fit in the Stockholm Globe arena?”

The question is similar to asking if all the physical money in New York would fit in the Madison Square Garden arena.

globen case

The math is quite easy, and the assumptions needed are hardly rocket science either. Without pressure, a person of average intelligence and math skills should manage to do it within 5-1o minutes using just a pen and paper.

  • First you need to calculate the size of the arena.
  • Then the amount of physical currency.
  • Third, how many bills and coins that amount is, and how much space that many bills and coins would occupy
  • Fourth and final, you have to remember to compare the volumes of one and four, and answer if the bills and coins fit.

You get a pen and a stack of papers and about an hour, during which you’re allowed to ask questions, and supposed to explain what you’re doing and thinking.

Globen

The Globe arena

(*my = I was one of three partners, as well portfolio manager and the managing director)

 

Size of the arena

Is it 10 meters, 100 meters or 1000 meters? If you don’t know, just try to imagine a hockey rink or a soccer field.

Let’s go with 100 meters. It’s obviously larger than 10 meters across, and less than 1000 meters…

The globe arena building is (almost) spherical, but never mind that. Think of it as a cube instead. The volume thus can be estimated at around 100 x 100 x 100=1 million cubic meters.

globen

A few guys tried using the formula for a sphere but got it wrong. Once they got the correct formula from me they couldn’t handle the (very simple) calculations due to stress and inability to use rounding. Worst of all, they didn’t verify the answer against the volume of a cube of the same size. Those mistakes are not what you want to see an analyst or portfolio manager make.

You can always go back and refine if needed. FYI: the real answer is 0.6m cubic meters. Close enough. At least it’s not just 1 000 cubic meters or as much as 1 billion cubic meters…

 

Money

Triangulate the amount of currency in SEK:

  1. a certain percentage (2%? 1%? 10%?) of GDP (4 000bn SEK) is physical money
  2. assume how much cash all physical people (1000 SEK each?), stores (twice as much as the people? Four times?) and banks (as much as the stores?) are holding
  3. make alternative calculations based on total national wages or something similar, followed by circulation and accumulation in stores before being shipped to banks daily or weekly.
  4. make an assumption of the proportion of bills vs. coins… how much do you typically carry of each?

Answer: There is 68bn SEK in bills (8bn USD) and 5bn SEK in coins in Sweden.

When I first did this, 10 years ago, there were 100bn SEK in bills and 5bn in coins. Let’s go with the current number 68+5bn SEK.

By this time, many had already forgotten why they were trying to calculate the amount of money in Sweden, or estimating GDP etc.

Some were so confused they started comparing GDP in SEK to the cubic meter volume of the globe arena.

What?! Comparing GDP to a volume?! What were they thinking? What if an investment decision was made using a similar approach? 

They had to be nudged into calculating the physical amount of money needed to drive GDP, people’s wallets, cash registers etc., i.e. how many coins and bills there were and their physical volume requirements.

 

How many bills and coins?

Well, assume an average value per bill or guess the amounts per each type of bill. The answer is the average value per bill is 200 SEK and consequently there are around 68bn/200 => 340 million bills (317m actually). Let’s go with 300 million typical bills.

Do the same for coins. The average coin is worth 2-3 SEK and there are thus 5bn/2.50 => 2bn coins.

100 SEK

How much space does a bill or a coin occupy

So, how much space do these slippery little buggers occupy?

Could the amount of money in New York occupy Wall Street? Madison Square Garden?

How big is a bill?

How long is a piece of string, some applicants seemed to think and just froze. And, yet, they had a stack of papers in front of them – just like a stack of bills…

applicants freezing up

Anyway, a typical Swedish bill is around 70 mm x 140 mm x 0.1 mm.

At least it’s not 200 x 100 mm.

Nor is it 1 mm thick (I seem to remember somebody going for 2 mm (1/10 inch) thick for a while. That guy did not know the length of a piece of string).

Sure, you’re free to think out loud, but you should always do a quick “in and out” (of micro and macro perspective, to make a sanity check: What would a stack of 2 mm thick bills look like. Just ten of them would be an inch thick! Is that plausible? What if you folded it 5 times, making the equivalent of a stack of 32 bills?)

Bill x32

Anyway, a reasonable assumption, given the time and task was to say a bill had the dimensions 100 x 100 x 0.1 = 1000 mm3, or 1 cm3. However, any assumption within half or twice those dimensions in all directions would have been more than OK.

Some stopped right there.

Some just forgot about the coins (sloppy notes) and went on to do all kinds of crazy things.

Some tried comparing the volume of one single bill to the arena. Some compared the volume of a bill to the volume of a coin. Some tried stacking the bills on top of each other in one single stack 30 km high (300 kilometers in one case) and draw conclusions from that.

OK, a few just took the volume of the notes and compared it to the arena. Pretty good, albeit a bit sloppy. They were asked to repeat the original question (in order to remember the coins), which they should have written down neatly on top of the first page. I repeatedly throughout the case urged the applicants to keep neat and clear notes. None of them did.

P1010650

OK, back to the coins:

A typical coin is about half that size (20mm diameter and 2mm thick), but assuming it occupies the same space as a bill is perfectly ok.

Those lucky enough to get this far, often went right ahead and made a stack of coins 4bn mms high = 4 000 kilometers, and then went through all sorts of trouble trying to fit it inside the arena in various ways (rarely succeeding)

Total volume then comes to: 300 million bills x 1000 mm3 each + 2 billion coins x 1000 mm3 each = 2.3tn mm3. Scaling it to cubic meters means dividing by 1bn (1000 x 1000 x 1000), or 2300 cubic meters.

 

Comparing volumes

Here and now, you should have a couple of neat notes saying

  1. “Arena volume=1 000 000 cubic meters” and
  2. “Money volume=2 300 cubic meters”

Some did (very few – actually not a single one of all applicants had such neat notes. However, four of them were at least able to eventually find the numbers, with some barely legible notes attached).

Most had to go back and redo a lot of their calculations, while trying to keep their notes in better order (often stressing and failing again, this time freezing up on simple calculations like 2+3 or 4/2)

And, yet, even those with the two appropriate numbers at the ready still found it somewhat difficult to answer if the money would fit. Mostly because they weren’t entirely sure which number was the volume of the arena and which was the money volume, due to… sloppy notes… and inability to make a simple quick verification of the easiest volume to calculate (1003=1m).

Four finally did answer, trembling and sweaty (they claim to still get shivers down their spines, just hearing about the “Globen Case”), that yes, the money fits.

 

Fingerspitzengefühl

Then I asked them to draw the arena and the money in it (remember it would only would occupy some 0.2-0.4% of the volume), and invariably got way, way, way too big piles on the drawings. By then, however, we couldn’t exclude more people or we would never be able to hire anybody.

I’m sure you are feeling smug by now, thinking the above case was super easy.

Actually, you’re right. It is. The case in itself is easy.

It’s just that when sitting down at a job interview for a hedge fund, with me in your face, and not really knowing how long you have and not wanting to look stupid, can give anybody stage fright and freeze up.

And that was probably the most important part of the test – the ability to pick oneself up and continue, to try new ways and ideas, after failing one route. Functioning under pressure, keeping communication up, and being able to make decisions, ask questions and try, despite having made a few mistakes.

That…

…and keeping neat notes, following a logical order, formulating a plan, communicating, demonstrating an ability to do quick sanity checks on the fly, to combine a bird’s eye view with at least a quantum of sense for details and plausibility in the micro perspective.

Actually, the real lesson here probably is that hedge fund managers can be quirky.

 

Bonus: How to write a CV

If you want to help a friend prepare for a job interview, share this article with him or her. Even if it’s not for a job in finance, they might find it useful anyway. If, nothing else, you could always talk them into subscribing to my newsletter and reading my book about investing.

Read more about applying for a job in finance here (how to write a CV), and why you shouldn’t here (please don’t waste your life in finance), and what you should do instead (robotics).

Retard’s foreplay – sticky icky life advice

Foreplay

Executive summary: It’s all about living life and not being a dick

  • Don’t try to impress – live for you, not others
  • Life is a spectrum – not discrete points and precise solutions
  • Always be prototyping – you’re never ‘done’

Reading time: 20 minutes

However, I hope you’ll spend much more than that on it in total. There is more depth to it than might be obvious at first glance.

Crab Corfu Pelekas Purple Red Retard

-foreplay or near dick experience (Greece 1991)


Why would you listen to my advice?

I come from a lower middle class family, with no contacts and no role models, born in a small town north of the polar circle, but eventually found myself in the upper echelons of European finance.

Then I quit, and transcended beyond conventional success.

I’ve experienced 8 concussions, 2 ACL ruptures, spent 2 hours on the summit of Aconcagua (6961 m / 22837 ft), received a physics award straight from the hands of the Swedish King, I was an honorary member of the Swedish Chemistry Association, I’ve received the award for the to date only European hedge fund of the decade, I’ve hitchhiked from Västerås to Marbella (the entire stretch of Europe) and back at the age of 17 (in 1989), been in numerous street fights, and I retired at the age of 41 with an 8-digit USD net worth (from negative between 19 and 24, and zero before that).

In short, I did it.

-Did what?

Lived. Hard and well; with grit, scars, material success, and eventually true progress and a deep sustainable and independent self-esteem and happiness.

I don’t pretend to know everything, or that my my experiences are translatable 1-to-1 to your situation. However, I think it would be worth the while just sneaking a peak at my solutions for development and personal success for inspiration.

Or are you worried about the Joneses across the street? Got a new car, did they? Perhaps diplomas, Whore City and the rat race is more for you then. As you were. 

 

Life after life?

Being fully retarded for over a year now, I’ve had time to think about purpose and pleasure in life after retirement. So, what do you do when you are financially independent and without obligations?

Short answer: Learning and sharing

Longer answer: Man is a pattern recognizer. We use it for collecting food and avoiding danger. We are wired for curiosity and finding pleasure in decoding patterns.

Man is also a social animal. We need others (though I seem to need people less than most).

Once I realized expensive things didn’t interest me, I explored myself in depth. It’s the result of that process that I want to share with you, hoping it will save you time and frustration, and make you a happier and truly more successful person – however you choose to define the latter.

In practice: I’m reading, listening, discussing, synthesizing information (pattern recognition), and then blogging and podding (social sharing) about my conclusions. Those activities lend structure as well as meaning to my otherwise fully retarded life.

 

Retard’s Playbook

In 2016, my big project is writing a book; a book for the lost generation, a life guide for people living in the aftermath of the cold war, for the post-Berlin Wall generation, for the iPhone and Snapchat generation.

Retard’s Playbook is a shortcut to wisdom for the app generation.

Retard’s Foreplay (today’s post) is a preview.

LIFE blodiga smalben

Without scars you didn’t live

 

Game changer

As far as I’m concerned, Retard’s Playbook will be the first thing I do. I expect it to be a game changer for anybody reading it, as well as for me writing it.

Below you’ll find just three of my favorite life heuristics, as well as a taste of my experiences that underlie them.

If this post doesn’t resonate with you, my book won’t either. Good to know.

Here are your short cuts to success and happiness:

 

Don’t be impressed or daunted

-Stop trying to impress. That’s living a second handed life for others, instead of knowing and being yourself.

When I was 7, I bicycled down a slide blindfolded to impress a group of older guys. For the price of one concussion, some blood and a scar in my forehead, I got nothing but a few mean laughs. Another time, I slipped when running and jumping from meter-sized rock to rock, suffered another concussion, blood loss and head scar, but this time purely for my own pleasure, and some heartfelt laughter together with friends. There’s a world of difference.

When I was in my teens and twenties I thought famous people were impressive, and I wanted to be famous too, for no particular reason. I just wanted to emulate their lifestyle, without a thought to what it would take to get there and what it really meant. I mindlessly bought the media hype regarding conventional success.

In addition I thought the top was unreachable. I was daunted and had no wish to even try. It took stumbling onto the scene of high-level money management to learn that overnight success often takes a lifetime of effort.

Remember this: A movie star, a hedge fund billionaire and a Fortune 500 business tycoon are all objectively impressive, but they are still only human. And they got to where they are by putting one foot in front of the other; investing, building one order of size on top of the other. It’s a question of priorities and grit more than anything else.

So, stop being impressed or afraid, and make your choice. Do you want it or don’t you? I’ve realized I don’t want it, and I’m definitely not interested in impressing anybody.

By the way, do you think Elon Musk is trying to impress anybody? He’s too occupied living his life.

A wolf has no business impressing sheep

When I was 21, I threw myself off a 9 meter cliff (30ft) in Spain, more or less realizing right before that the water was less than 3ft deep. However, I couldn’t back down… solely for the shame of it. My pride could have killed or paralyzed me there and then. And, yet, I still hadn’t quite learned my lesson.

Ten years later, I probably stayed in the hedge fund business -more for money, status and pride than anything else. The same thing happened with sports cars, as I worked myself through a BMW, a Porsche convertible, a Ferrari 360 convertible (yes, the one I bought from Swedish soccer star Zlatan Ibrahimovich) and finally a bright (Midas) yellow Lamborghini Gallardo Spyder (convertible)

Eventually I understood what was going on, and studied myself to find out what really made me tick when I wasn’t playing to the approval of others or chasing an ad agency’s idea of the perfect life. For me the answer was learning and teaching/sharing, for you probably something else.

Don’t make my mistakes. Or, by all means, do, but pay attention to your actual feelings regarding the outcome, and perhaps you’ll be able to change ways faster than I did.

 

Life is a spectrum, not a point

-life is a super positioned state of both black and white and all the grey in between, simultaneously. Just as in quantum mechanics, the truth is revealed by taking action, by the act of observing the outcome of an experiment.

how long is a piece of string?

There is never a final truth, a platonic ex ante truth. The answer to all questions vary from occasion to occasion and is decided ex post.

And, yet, A is A; i.e., it is what it is and nothing else – once it is decided. This seeming paradox illustrates the quantum nature of life. Everything and nothing is fixed – at the same time

How long should you stay in school, at a job you don’t like (Whore Village), with a partner you’re not passionate about? How much money do you need to retire? Do blondes have more fun? Are drugs bad for you? Is love all you need, or is it ‘laughter’? When and how much and how to rest, when to sow, when to reap?

First, you must realize there is no spoon; there is no definitive answer to any important question

Then you can start exploring the ever changing options in between yes and no. Often, in my opinion, the answer is “try”. Dare experimenting, unless trying involves a significant risk of unacceptable loss.

What is ‘unacceptable’? Well, I have this piece of string somewhere…

Quitting your job or relationship is not dangerous, does not involve unacceptable losses. On the contrary, staying put, dwelling in homeostasis all but guarantees wasting your life.

 

From one cityboy to another

Several years ago, I asked the author of Cityboy, Geraint Anderson, for advice on when to quit my job as a hedge fund manager. He told me to hang in there until staying two more years was more or less inconceivable, and then quit right away. So, I kept pushing a 30-month deadline ahead of me, until I in January 2014 just up and left*

*In practice I stayed on for another year, but only as the managing director with no investment responsibilities or partnership dividends. As a perverse turn of fate, the fund was unexpectedly decided to be closed down, starting in September 2014. 

What if I hadn’t quit? Had the fund been closed down with me in it? Then I wouldn’t have been the (voluntarily) Retarded Hedge Fund Manager, but the Dismissed Doofus instead. Not quite the same legacy, or ring to it for that matter.

American Psycho

So, take the proverbial fork in the road, i.e., explore both extremes when deciding. Say yes, take action**; say no, keep your integrity. However, don’t be gullible just because you are a yes:er.

Never fall for the “come on, dare say yes” lure. That is just not daring to say no, which is really, really bad. Superpositioned quantum spectrum of yes and no – it’s a bitch.

** As a general principle in itself, you should always take the active choice whenever there is a close call. The mind has a tendency to obsess over future possibilities and decisions, but also to adapt quickly to any outcome of a decision. Thus, regret is strongest for passivity, no matter the outcome.

Yes, you should

Another way to think about it is that you are responsible for the effort, but the outcome is out of your hands. The latter is also very important in its own right, not least regarding investment success. No matter how sound your reasoning and process, bad luck and black swans can ruin the result completely.

And, just for fun… that time I got lost in the darkness, when descending from the summit of Aconcagua (6 961 m / 22 837 ft). I decided to stay the night, alone, at 6000 m / 20k ft and sleep on the bare ground with nothing but my jacket to protect me. After a while, I realized, I was about to be slowly covered in snow not to mention freeze my face off. When I sat up, one leg went outside some unknown edge, and when I threw a rock in front of me, I never heard it bounce.

Now, that is taking unacceptable risk on the Mountain of Death.

As a final word, when I’m asked for career, relationship or education advice; “Should I do this or that…?“, my answer is typically, though somewhat camouflaged, “Yes, you should“.

 

Go west

Well, that, and a more general “Go west young man, and learn programming“. With programming I mean in the widest and most generous possible sense of the word: as a coordinator, hacker, designer, Photoshop, robot control, AI, h/w tinkering, Human-Computer interfaces, organic algorithms, stock trading; or just Java/python etc., not only for practical use but as a brain exercise.

My own programming experience consists of a high level of self-taught BASICS (incidentally on a Spectrum)and much lower level of hexadecimal and machine code at a young age, followed by varying efforts in Pascal, GPSS (master level), SQL, Excel macros etc, and much later and much more lazily and impatiently, Javascript, XML and a little Python.

I managed to make money from database programming, Excel macros and computer games programmed in BASIC (when I was 10-12 yo). I suspect it also helped me keep my first job as a broker’s assistant. Most importantly though, programming made me disciplined, patient, thorough, structured, logical, good at problem solving, gave me a solid language base, made me good at algebra, confident with symbolic representations and abstract reasoning.

Today, I’m too impatient, lazy and unmotivated to make a real effort in programming. At the same time, I’m a little afraid of being sucked in again, spending my days on optimizing algorithms for no good reason, except the beauty of it.

Again, both 1 and 0 and all the things in between. Superpositioned.

 

Always be prototyping

I’ll keep this one short.

You are never done.

There.

However… (I wasn’t done after all, it seems)

At a certain point I started taking my Spectrum computer apart more and more to explore its innards and perform experiments. For example, once I realized how the keyboard worked, I constructed my own joystick (hand control) from a golf ball, a hockey puck, an aluminium pipe, tin foil, lots of tin foil, glue and tape.

It was quite difficult to get every tiny detail right with just my hands and ordinary tools, and it kept glitching. Once everything worked, I was tempted to just pour a liter of glue or candle wax on top of the entire thing to be sure it stayed that way.

Luckily, my teenage brain was smart enough to realize what central planners don’t – things will always change, no matter how much you try to fix them. Actually, fixing prices in an economy or halting a stock exchange is sure to move real prices faster than ever before.

Instead of an irreversible and ultimately disastrous permanent glue fix (a tip: don’t sniff glue, which I’m sure Bernanke, Yellen, Draghi and Kuroda do all the time), I kept prototyping, learning, improving, back-tracking and treating my disemboweled computer as a living entity. Did I mention (my) life was a Spectrum? Sinclair ZX 48K to be precise.

Ingves negative interest rates are FUN Mario-Draghi-laughing kuroda Janet Yellen

Certainty is impossible (about the future, the economy, the stock exchange, the integrity of electrical connections underneath a glue fix). Hence, stay humble and keep prototyping.

Thus, don’t go for that ultimate fix, the perfect education or perfect job before starting your life. Take a few steps at a time, see how it feels, adjust and keep moving. That is, unless you positively know you want to waste your life becoming impressive and rich to really show off that you matter*

Unfortunately, chances are all you’ll succeed in doing is fixing yourself as a person of status and importance, underneath a thick layer of glue, making breathing and living all but impossible.

*sadly, ‘matter’ to everybody but yourself…

 

Enjoy the journey, celebrate each boss

I like to liken life to a computer game, where the incremental progress, including beating intermediary “bosses” to get to the next level, is more important and enjoyable than actually finishing off the ultimate “boss”.

If the only thing that matters is winning an olympic gold medal, becoming a Fortune 500 CEO or “the richest” most will fail. Even coming in second would be a failure with that mindset, whereas it would entail hundreds, if not thousands, of sweet victories with my life philosophy.

 

Final words

I had selected 27 snippets* from my book for this post, but I’ll just have to limit it to three I see now. Prototyping. Always.

*including, e.g., Your own speed, Independent not contrarian, Awareness, Strengthen your strengths, Convexity, IRL, Don’t “work hard play hard”, Invest, Walk, Know, Amygdala learning and decision making, Break, One prio, 5 whys, Don’t hate, Input & Inspiration not Motivation & Copy, and as always: “just one more”

 

The article you just read (or if you skipped to here) provides a glimpse behind the curtains of my current book project. Retard’s Playbook is my condensed psychological and philosophical practical insights into effectiveness, success and most of all happiness.

It could save you years, or decades even, of unnecessary regret and anxiety, not to mention a ton of money – both earned and spent :-)

What should you do right now?

  • Share this article and my website with a friend or your social network. Please. Thank you.
  • Subscribe to my newsletter. You won’t regret it (and the unsubscribe link is included in every e-mail)
  • Read my first eBook: The Retarded Hedge Fund Manager for inspiration on how to re-craft your life from a conventional one to bespoke.

Practice today’s three guidelines:

  • For you. Ask yourself: “Is this for me, or for somebody else, before buying, donning or doing something”, “Do I need to tell anybody about it for it to be worthwhile?”
  • Turn off the autopilot. Second guess at least one of your own automatic decisions this week. Maybe there is more than one answer. Be patient with others, think through their position before retorting harshly.
  • Redefine a project (diet, e.g.) you have going, into an enjoyable sustainable investment process without end, instead of a potentially unpleasant discrete project where a successful result is the only satisfactory outcome.
 sticky icky life advice legalize it everything
 
* The headline of this article warrants some explanation: sticky advice (I hope it’ll stay with you), icky (life is a superpositioned mess; embrace that fact), sticky icky (marijuana – always a click bait, plus signals I’m a libertarian: “legalize it”, where it=everything)