Book 8: Integrity and Tradition
Book 8 is where we hear a lot from one of the younger students, Master Zeng. It’s a book that focuses on the long-term commitment it takes to actually have integrity.
Book 8 is where we hear a lot from one of the younger students, Master Zeng. It’s a book that focuses on the long-term commitment it takes to actually have integrity.
If you want the absolute best deals, you have to go direct to the seller. When you skip the middleman, you can negotiate better prices and find hidden gems that aren’t listed anywhere. But let’s be real: this takes either time or money.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
Bogle opens Part III of the book with what might be the most important concept for any investor to understand. It’s called reversion to the mean, or RTM if you want to sound smart at parties. And he subtitles this chapter “Sir Isaac Newton’s Revenge on Wall Street,” which honestly tells you everything you need to know about where this is going.
Book 7 is one of the most personal chapters. It’s where Confucius talks about himself, his work ethic, and what he really values in life.
Real estate is a team sport. If you try to do everything yourself, you are going to burn out fast. That is where Level Two deals come in. Instead of hunting for every lead yourself, you can work with people who already have deals under contract.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
Every investor wants to find the fund that beats the market. The one that’s managed by a genius. The one that spotted the next big thing before anyone else. The holy grail of investing.
In Book 6, Confucius gets into some real talk about leadership and personal growth. He looks at his students and basically tells them that where they come from doesn’t matter as much as who they choose to be.
One of my favorite things about real estate is that you can tailor it to fit your life. There is no one-size-fits-all.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
This is the chapter where Bogle goes against the crowd. And honestly? It’s one of the most interesting chapters in the whole book precisely because a lot of smart people disagree with him.
In Book 5 of The Analects, Confucius is not just talking about big ideas. He is looking at real people. He is judging their character and explaining why some were great and others were just okay.