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Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.

The Psychology of Money

Morgan Housel

Focus on your employee’s ability to follow directions more than whether they get the right result. This is super important because if you train your employees to follow directions then… they will follow directions. And, if they follow directions and get the wrong result… then you know it’s the directions. That’s good. You have a lot more control over that.

$100M Leads: How to Get Strangers to Want to Buy Your Stuff

Alex Hormozi

When I’m blind to parts of how the world works I might completely misunderstand why the stock market is behaving like it is, in a way that gives me too much confidence in my ability to know what it might do next. Part of the reason forecasting the stock market and the economy is so hard is because you are the only person in the world who thinks the world operates the way you do. When you make decisions for reasons that I can’t even comprehend, I might follow you blindly into a decision that’s right for you and disastrous to me. This, as we saw in chapter 16, is how bubbles form.

The Psychology of Money

Morgan Housel

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