Position Sizing

Because there will always be someone, who is superior or richer than you.

Example- A rookie basketball player with $500,000 yearly contract, is rich by definition, but not when when he compares himself with a veteran who has a $430 M contrac...

In 2021, Elon Musk asked Cathie Wood, the famous tech-focused investor from Ark investments, what is her explanation for the high Buffet indicator (a ratio of US stock market/GDP). Cathie suggests a few reasons:

• while the indicator maintained its pattern over the last 100 years,

Choose a day on the week and block 3-4 hours of focus time: turn your phone off, stay away from your emails, and focus on just one or two high-value activities that will make the most difference in your company.
Encourage your employees to do the same.