1. Luck and Risk are doppelangers - every outcome in life is guided by forces other than individual effort.The difficulty in identifying what is luck, skill and risk is one of the biggest problems we face when managing money.The line between 'inspiringly bold' and 'foolishly reckless' can be a millimeter thick and only visible on hindsight.
2. Be careful who you praise and admire.Be careful who you look down upon and wish to avoid becoming. Don't assume that 100% of the outcomes can be attributed to efforts and decisions. Realise that not all success is due to hard work and not all poverty is due to laziness. Focus less on specific individuals and more on broad patterns. Studying a specific person is dangerous because we tend to study extreme examples like billionaires and CEOs which can't be applied to us.
For those curious to know more, head on to my page / @SPACE ROCKET to find out more! @IrmaBurke @Barcode @koolgal🩷
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For me to reflect.