What's Up Wednesday #35 - What matters more that yourself, Do not accept losses, Prions, Great Quotes from the Great Wave

What’s Up Wednesday #35 - What matters more that yourself, Do not accept losses, Prions, Great Quotes from the Great Wave

Hey everyone!

When you have something that matters more than yourself you can go through the hardest discomfort.

🧘🏼‍♀️I thought about this quote in the last weeks a lot. It does not sound like it, but its essence is very applicable to normal situations. If you have something very valuable and deeply connected with you, you will always push it forward and not give up. This also means that things you are not connected with, not engaged with, stuff that you do not see any future in will not be intrinsically supported and pushed by you. Working on and trying to improve something distant from your soul is infinitely harder. Select your battles wisely. Only go into wars you want to win. Of all others, the outcome is unimportant to you anyway.

👑 Be in a position where you do not have to accept losses when investing. The best way to prevent yourself from selling at a loss is simple: have ample liquidity. If you have large enough cash reserves (i.e. emergency savings) to support your liabilities during economic crises, you will never be forced to sell. This is probably true as long as your investment does not fall to zero and goes bankrupt.

🦠 Prions are misfolded proteins with the ability to transmit their misfolded shape onto normal variants of the same protein. They are stable infectious non-living molecules that cannot be destroyed by ordinary disinfection or cooking. They turn your brain progressively into spongy material, have no known effective treatment, and are always fatal. Crazy. https://en.wikipedia.org/wiki/Prion

🌊 The guy who painted the famous Japanese waves had a great attitude. I love these two quotes by Hokusai (from http://hokusai.us.com/quotes_en):

  • “From the age of six, I had a mania for drawing the shapes of things. When I was fifty I had published a universe of designs. But all I have done before the age of seventy is not worth bothering with. At seventy-five I’ll have learned something of the pattern of nature, of animals, of plants, of trees, birds, fish, and insects. When I am eighty you will see real progress. At ninety I shall have cut my way deeply into the mystery of life itself. At one hundred, I shall be a marvelous artist. At 110, everything I create; a dot, a line, will jump to life as never before. To all of you who are going to live as long as I do, I promise to keep my word. I am writing this in my old age. I used to call myself Hokusai, but today I sign myself The Old Man Mad About Drawing.”
  • “If heaven had granted me five more years, I could have become a real painter.”

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