Repetition is the fundamental skill of the wealthy

The end of wealth is compound interest,

The trump card is stop-loss.

Great experts have a single-minded mind: find what works,

And repeat it.

This is compound interest.

Compound interest has a dual nature,

The same face of angels and demons.

The truth about compound interest: it is the eighth wonder of the world,

The second half is,

Those who understand profit from it,

Those who don’t understand bear it.

Compound interest is not a neutral mathematical formula,

It has a stance,

It amplifies intelligence,

And also amplifies stupidity; it amplifies freedom,

And also amplifies slavery.

Admit your mediocrity,

Then crazily copy.

Most innovations in the world are a dead end (some say 99%),

Only copying is the way out.

Many people’s biggest flaw is doing something right once,

Then turning around to find the next “hot spot,”

Foolish to the extreme.

Warren Buffett found the set of value investing,

And repeated it for a lifetime.

Strictly speaking: Buffett is a master of equity value investing’s compound interest,

Livermore is a master of stock trading.

Look at the big shots rising now,

They all hit on one point,

And then cultivated it for many years.

Compound interest,

Sounds like a financial term,

But it’s just a silly skill.

You don’t even need to use your brain,

But you must use your heart.

So-called compound interest,

Is not about putting your money in the bank to earn interest,

It’s about in your life,

Once you discover a certain action,

A certain product,

A certain speech,

A certain thing,

As long as it can bring positive feedback,

And make a dollar,

No matter how small,

You must repeat it to death.

Immediately,

Right now,

Without hesitation, repeat it.

Don’t change it,

Don’t smartly optimize it,

Just copy it as is.

Do this action a thousand times,

Ten thousand times.

Talent is the poor’s shame,

Repetition is the basic skill of the rich.

Even if this action is very dull,

Very boring,

Even looks very stupid,

As long as it’s effective,

Treat it as your life-saving straw,

Stick to it to the end.

Turn one success into ten thousand successes,

That’s called scaling.

Even if you are just a pancake seller,

If you copy the most popular filling recipe to perfection,

You become the pancake king.

Don’t envy others’ hot spots,

You need to be the pig that keeps pushing the ground,

One day, you’ll dig out your own gold mine.

Awesome ability,

Is just turning a simple thing,

Into a habit through repetition.

Even if your heart is bleeding,

You must throw away the trash.

Just being able to step on the accelerator is not enough,

You also need to step on the brake.

That’s stop-loss.

What’s more terrifying than “not knowing what to do” is “knowing it’s useless” but still persisting day and night,

Using diligent action to cover up lazy thinking.

This is self-consoling self-torture.

Stop-loss is more difficult than compound interest,

Because human nature is inherently cheap,

We always have illusions about “the effort already spent.”

Too many people are like this,

“What if?” “Wait a bit longer” “Hold on a little more,”

Your time,

Your energy,

Your money,

Are your most valuable assets,

Not meant to be fed to dogs.

Timely stop-loss,

Is to quickly pull these valuable assets out of those ineffective,

Exhausting things.

Reviewing is the best way to draw.

What makes you feel especially good,

A sense of achievement,

Is effective,

Keep doing it tomorrow; what makes you feel especially stupid,

A complete waste of time,

Is ineffective,

Stop immediately tomorrow.

Find them,

Then quit one by one like quitting drugs.

Identify the ineffective ones,

And stop them,

This action,

Is more important than doing a hundred correct things.

Stop-loss is not giving up,

But a smarter start,

And also the moment you dare to throw away many old burdens; timely stop-loss,

Is the highest form of self-discipline for adults.

This world is simple,

It’s a game of “effective repetition” and “ineffective termination.”

Find an action that can make money,

And repeat it ten thousand times,

That’s compound interest.

Cut off all the trash that drains you,

Keep your life,

That’s stop-loss.

As Bruce Lee said: “I’m not afraid of the person who has practiced a thousand kicks,

I’m afraid of the person who has practiced one kick a thousand times.”

Oil seller: “I have no other skill,

Just familiarity with my hands.”

Chef’s knife: “The joint has a gap,

And the blade is not thick; by entering the gap with no thickness,

It can move freely with ample room; so after nineteen years, the blade is as sharp as new from the grindstone.”

“Seeing only the cow,”

“Never seeing the whole cow.”

When a beginner, only sees the whole cow (not understanding the pattern),

After becoming skilled, can see the structure of muscles and bones (understanding the pattern).

The highest realm is to be able to move freely with spiritual perception (using the pattern).

Wheel chopping: “I cannot compare my son to myself,

My son also cannot accept it from me,

So I work until seventy years old, chopping wheels.”

High-level skills (like wheel chopping) depend on the harmony of mind and hand,

Difficult to fully teach with words,

Emphasizing the importance of direct experience.

Wheel chopping illustrates,

That true mastery must be understood through practice,

Reading alone cannot grasp the core wisdom.

The Tao is simple,

Life is a filter,

Keep what’s useful,

Repeat to death; eliminate what’s useless,

Clean it out to death.

One keeps you adding value,

The other keeps you alive.

Stop wasting time blindly,

Don’t think too much,

You just need to start,

The answer has always been waiting for you on the road.

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