When You're Centered, Your Emotions Are Not

There Is A Strong Tendency To Get Used To And Accept Very Bad Things That Would Be Shocking If Seen With Fresh Eyes.

Principles Are Concepts That Can Be Applied Over And Over Again In Similar Circumstances As Distinct From Narrow Answers To Specific Questions. Every Game Has Principles That Successful Players Master To Achieve Winning Results. So Does Life. Principles Are Ways Of Successfully Dealing With The Laws Of Nature Or The Laws Of Life. Those Who Understand More Of Them And Understand Them Well Know How To Interact With The World More Effectively Than Those Who Know Fewer Of Them Or Know Them Less Well.

The Biggest Mistake Investors Make Is To Believe That What Happened In The Recent Past Is Likely To Persist. They Assume That Something That Was A Good Investment In The Recent Past Is Still A Good Investment. Typically, High Past Returns Simply Imply That An Asset Has Become More Expensive And Is A Poorer, Not Better, Investment.

I Think If You Look At The Statistics And You Deal With Fake Media - And Fake Media And Distorted Media Is A Continuum - The Vast Majority Of The Population Says, "i Don't Know What To Believe." There Are No Checks And Balances In Quality Control.

The Big Question Is: When Will The Term Structure Of Interest Rates Change? That's The Question To Be Worried About.