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The big takeaway here is that we really have no idea what policies we’ll be pushing for in, say, five or ten years. Unexpected hardship makes people do and think things they’d never imagine when things are calm.
Your personal views fall into the same trap. In investing, saying “I will be greedy when others are fearful” is easier said than done, because people underestimate how much their views and goals can change when markets break.
Same as Ever
Morgan Housel
As with everything else in life, it’s important to keep your word with launches. If your offer ended at a set time and you had a big response, you’ll invariably be contacted with requests for exceptions after it’s over. It’s tempting to take more money, but if you said it would end at a set time, you need to stick to your decision. In the long run, this works in your favor, because people will realize that you mean what you say. Karol and Adam received numerous requests for their bundled package after the seventy-two-hour period had ended, but they politely declined each one.
The $100 Startup
Chris Guillebeau
One devotes one’s ceaseless efforts so that when the day of parting comes, one will be able to be satisfied that ‘Meeting this person, and passing the time together with this person, was not a mistake.’ Whether it is in one’s relationship with one’s students, in one’s relationship with one’s parents or in one’s relationship with the person one loves.
If, for example, your relationship with your parents came to an end all of a sudden, or a relationship with a student or a friend came to an end, would you be able to accept it as the best possible parting?
The Courage to Be Happy
Ichiro Kishimi
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