This classic article on Forever Jobless will change the way you make decisions 🤔
Excerpts:
In the long term, someone consistently making +EV plays is going to make all the money. It’s mathematically impossible for them not to.
[…] Even if I lost money on this deal, it was the right decision to pull the trigger. It has very little to do with the end result of the investment, and mostly everything to do with the decisions that led you to that result. The final outcome is usually irrelevant. In the long term, everything works itself out if you are putting the work in and consistently making +EV decisions.
[…] Most people would think about the option of getting a job vs. starting a store like this: “well, if I get the job I’ll make $50k (theoretical number), but if I start a store I could maybe make more, but I could also make less too, and that’s risky.” That’s a ridiculous thought process, but that’s really how people think. This way of thinking doesn’t help them come to any decisions that allow them a chance to be +EV over the long run.
Related:
- Some discussion/explanation of EV on a recent episode of the My First Million podcast
- The book Thinking In Bets is an excellent read if you want more along these lines
Written by 
