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Don’t Try to Get Rich Twice

The first post today covers an idea that I think is always good to remember.

Don’t Try to Get Rich Twice [A Wealth of Common Sense] – “The problem is making money and keeping money are two very different skill sets. It can be difficult to transition from a mindset of risk-taking to do-no-harm.” Another way to think about this is to stop playing the game after you’ve already won.

The Dangers of Elite Projection [Human Transit] – “Elite projection is the belief, among relatively fortunate and influential people, that what those people find convenient or attractive is good for the society as a whole. Once you learn to recognize this simple mistake, you see it everywhere. It is perhaps the single most comprehensive barrier to prosperous, just, and liberating cities.” (hat tip to

A letter to young investors [Tawcan] – “Ask questions, be curious, and learn to trust your instinct. Would you eat something if it smells rotten? I bet you won’t. Similarly, if something is too good to be true or doesn’t pass the sniff test, don’t go on with it.” Good ideas in here.