Something stupid you can stick with will probably outperform something smart that you’ll burn out on.
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Getting anything to work requires giving it an appropriate amount of time. Giving it time requires not getting bored or burning out. Not getting bored or burning out requires that you actually love what you’re doing, because that’s when the hard parts become manageable.
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The historical odds of making money in U.S. markets are 50/50 over one-day periods, 68% in one-year periods, 88% in 10-year periods, and (so far) 100% in 20 year periods. Anything that keeps you in the game has a quantifiable advantage, and time horizon is so powerful in investing that the ill-conceived portfolio you love may be better than the perfect one that bores you and that you’ll abandon the moment it’s out of favor.
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- [note::Does this apply to most things in life? Projects? Jobs? Initiatives? Etc?
I wonder what the caveats to this are (i.e. I'm sure you need to have a portfolio that meets some threshold of diversity)]

It’s almost a badge of honor for investors to claim they’re emotionless about their investments. But if lacking emotions about your strategy or holdings increases the odds you’ll walk away from them when they become difficult, what looks like rational thinking becomes a liability.
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A job that pays $100,000 a year in a field you love will probably be more financially rewarding than one paying $150,000 in a field you don’t, because the job you’re only in for the big paycheck increases the odds you’ll burn out or get bored and need to find a new calling.
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- [note::This is super important. It's very easy to not factor in the potential "psychological compensation" of a job (i.e. your overall mental well-being while you have the job and how the nature of the job might affect whether you leave it sooner v.s. later), especially if the income is well above what you currently make. You're a lot more likely to be "life rich" in a job that you genuinely like which pays less than a job you're not as enthusiastic about which pays more.]

Something stupid you can stick with will probably outperform something smart that you’ll burn out on.
- View Highlight
-

Getting anything to work requires giving it an appropriate amount of time. Giving it time requires not getting bored or burning out. Not getting bored or burning out requires that you actually love what you’re doing, because that’s when the hard parts become manageable.
- View Highlight
-

The historical odds of making money in U.S. markets are 50/50 over one-day periods, 68% in one-year periods, 88% in 10-year periods, and (so far) 100% in 20 year periods. Anything that keeps you in the game has a quantifiable advantage, and time horizon is so powerful in investing that the ill-conceived portfolio you love may be better than the perfect one that bores you and that you’ll abandon the moment it’s out of favor.
- View Highlight
-
- [note::Does this apply to most things in life? Projects? Jobs? Initiatives? Etc?
I wonder what the caveats to this are (i.e. I'm sure you need to have a portfolio that meets some threshold of diversity)]

It’s almost a badge of honor for investors to claim they’re emotionless about their investments. But if lacking emotions about your strategy or holdings increases the odds you’ll walk away from them when they become difficult, what looks like rational thinking becomes a liability.
- View Highlight
-

A job that pays $100,000 a year in a field you love will probably be more financially rewarding than one paying $150,000 in a field you don’t, because the job you’re only in for the big paycheck increases the odds you’ll burn out or get bored and need to find a new calling.
- View Highlight
-
- [note::This is super important. It's very easy to not factor in the potential "psychological compensation" of a job (i.e. your overall mental well-being while you have the job and how the nature of the job might affect whether you leave it sooner v.s. later), especially if the income is well above what you currently make. You're a lot more likely to be "life rich" in a job that you genuinely like which pays less than a job you're not as enthusiastic about which pays more.]