Talk is cheap, action is expensive:

https://erickimphotography.com/blog/wp-content/uploads/2020/03/P1431459-EXPENSIVE-TALK.mp3

“What are you currently buying or investing in?”

Tip from my buddy Nassim Taleb:

Never ask people for advice, just ask them what they have in their portfolio.

The problem with talk is this:

Talk doesn’t reveal your ‘true preferences’.

Only action does.

Revealed preferences

It seems one step towards self-wisdom is this:

What do I really care for and prefer?

And also:

What are the optimal conditions for my personal thriving?

Ideas

  1. Ask rich guys “What are you currently buying in or investing in?”. Or ask rich guys: “What DON’T you waste money on, in order to save money?”
  2. Never trust the opinion of anyone who is ‘sponsored’ and gets something for free. Only trust the opinion of someone who has actually spent their real hard-earned cash on stuff.
  3. Don’t offer advice and thoughts/ideas or modes of living which YOU haven’t personally done yourself or tested yourself. “Preach what you practice” and “practice what you preach”.
ERIC KIM x HENRI NECK STRAP

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