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56 BUY HIGH er one ne next best use (opportunity Risk - All ie favor, bet (allocate) heavily Jependent and opportunity-driven Incorporate an a • Avoid dealing v • Insist upon prop • Always beware e Avoid big mistal areaimtime (Einstein), never interrupt it sts, never take action for its own Independence - "Only • Objectivity and i Remember that right o process is where you live t or wrong- judgment Mimicking the h kact with decisiveness and SELL LOW hers are fearful Preparation - "The onl insights mes • Develop into a l strive to become • More important • Develop fluency If you want to p und you, don't expect it to a loved ideas" Intellectual humility - ally when you don't like it Stay within a we • Identify and rec • Resist the cravin • Above all, never fool yourself, and er that you are the easiest person to fool ur mn valuable assets - and can be lost in "Understanding both the pow compound interest and the difficulty of getting it is the heart and soul of ustanding a lot of things." Analytic rigor - U scientific method an Kememer una repusatom anu megy a heartbeat Guard against the effects of hubris (arrogance redom Don't overlook the obvious by drowning in minutise mall details) Be careful to esclude unneeded information or slop "A e your big troubles, don't sweep them under the rug k can sink a great ship" Face and effective checklists minimizes emors and omissions In the end, it comes doun to Charlie's most hasic guiding principles, his fundamenta.osophy of life: Preparation Discipline. Patience Decisivemess Dmine value apart from price, progress apart from activity, wealth apart from size . I better to remember the obvious than to grasp the esoterie • Be a business analyst, not a market, macroeconomic, or security analyst • Consider totality of risk and effect, look always at potential second order and higher level impacts • Think forwards and backwards - Invert, always invert

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8. Also remember the "ABC" rule of first aid: A Bone Coming out through the skin is very bad. helth

Soget this straight -- the three bears left the porridge on the table and went for a walk, and the 3 bowls cooled down at different rates? Doja dob imgflip.com Siense

That feeling when you successfully guess your own password PEACE Hakcar

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