Daily #daneish Test
181. The Greatest Threat to Results are Boredom and Impatience
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:08:42
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Sinopsis
The greatest threat to results are boredom and impatience. The only way to become good at something is to practice the ordinary basics for an uncommon length of time. Most people get bored. They want excitement. They want something to talk about and no one talks about the boring basics. For example, we know that dollar-cost averaging into an index fund is likely to generate wealth, but cryptocurrency will give us a bigger thrill. Boredom encourages you to stop doing what you know works and do something that might work. Another way to mess up a good thing is to try and accelerate the natural pace of things into an unnatural one. A good idea taken to the extreme is always a bad idea. Working out for 15 hours a day won't make you healthier, it will get you injured. Investing with a lot of leverage won't make you rich faster, it will wipe you out. A lack of patience changes the outcome. It's hard to be above average if you can't find a way to do the same thing over and over again. As Bruce Lee observed, “I fea