The punch card idea is an old one, but still good. I find it interesting just how much of your writing here about investments (ostensibly pointed at financial investments), is just as applicable to life choices in a similar framework. In an even more finite way, our time is truly a "punch card" in that we only ever get one and are never sure how long we get.
And in the choice of where to spend our limited time, temperament is an even more invaluable characteristic in helping us allocate accordingly. And also, that so often people veer between too many different options instead of truly focusing on a more restrained set of important avenues.
This is astute, John. To invest well, as the article hints, I have to know myself well, and that's important to living well in general I've found. I didn't intend to write about "life" here, but in retrospect your connection makes sense.
Buffett is one of a kind with many great philosophies. I had forgotten about the punch card.
The punch card idea is an old one, but still good. I find it interesting just how much of your writing here about investments (ostensibly pointed at financial investments), is just as applicable to life choices in a similar framework. In an even more finite way, our time is truly a "punch card" in that we only ever get one and are never sure how long we get.
And in the choice of where to spend our limited time, temperament is an even more invaluable characteristic in helping us allocate accordingly. And also, that so often people veer between too many different options instead of truly focusing on a more restrained set of important avenues.
This is astute, John. To invest well, as the article hints, I have to know myself well, and that's important to living well in general I've found. I didn't intend to write about "life" here, but in retrospect your connection makes sense.