Inversion

Nobody is infallible.

The principles we've just covered are reliable (as far as I can tell), but they're vulnerable to human error.

Here's a list of some such errors (so we can invert them):

• Chase money and status; underlying assets are irrelevant.
• Rely on others to bend the world to your will.
• Place your needs above the customer's - your desire to make money is more important than solving their problems.
• Study what everyone else is studying. Ignore fundamentals and the cutting edge.
• If you get feedback from reality or markets that hurts your feelings, ignore it. Better yet, assume the world is broken.
• Bet the farm on fleeting trends, and never focus long enough to reap the benefits of compounding.
• Refuse to commit to a path for fear of being trapped. Wait until you're sure before doing anything.
• Break your promises when it's convenient.
• Rely on luck.
• Think in weeks and months, rather than years and decades.
• Try to predict the future with 100% accuracy, then bet everything you have on those predictions.

There's only one question left: what now?