You have to absolutely and completely ignore
Business journalists and economists, academics
When they talk about private companies
I won't even name names
But like, when a famous economist rails on bitcoin
Or when a business journalist attacks
The latest company that's IPOing
It's complete nonsense
Those people have never built anything
They're professional critics
They don't know anything about making money
Those people have never built anything
They're professional critics
They don't know anything about making money
Those people have never built anything
They're professional critics
They don't know anything about making money
All they know is how to criticize and get page views
You are literally becoming dumber by reading them
Business journalists and economists, academics
When they talk about private companies
I won't even name names
But like, when a famous economist rails on bitcoin
Or when a business journalist attacks
The latest company that's IPOing
It's complete nonsense
Those people have never built anything
They're professional critics
They don't know anything about making money
Those people have never built anything
They're professional critics
They don't know anything about making money
Those people have never built anything
They're professional critics
They don't know anything about making money
All they know is how to criticize and get page views
You are literally becoming dumber by reading them
Apply specific knowledge
With leverage and eventually
You will get what you deserve
Apply specific knowledge
With leverage and eventually
You will get what you deserve
This one is just a glib way
Of saying that it takes time
Time
It takes time
Even once you have all of these pieces in place
There is an indeterminate amount of time
That you're gonna have to put in
And if you're counting, you will run outta patience
Before it actually arrives
So you just have to make sure
That you give these things the proper time
Life is long
Charlie Munger had some line on this
Somebody asked him about making money
With leverage and eventually
You will get what you deserve
Apply specific knowledge
With leverage and eventually
You will get what you deserve
This one is just a glib way
Of saying that it takes time
Time
It takes time
Even once you have all of these pieces in place
There is an indeterminate amount of time
That you're gonna have to put in
And if you're counting, you will run outta patience
Before it actually arrives
So you just have to make sure
That you give these things the proper time
Life is long
Charlie Munger had some line on this
Somebody asked him about making money
It's both a search and a recognition
Because sometimes when we search our egos
We wanna be something that we aren't
And our friends and family are better
At telling us actually who we are
Or looking back at what we've done
Is a better indicator of who we are
[Chorus]
Escape competition through authenticity
(Number one, competition is none)
Escape competition through authenticity
(Number one, competition is none)
Escape competition through authenticity
(Number one, competition is none)
The way to escape competition
Is to just be authentic to yourself
Because sometimes when we search our egos
We wanna be something that we aren't
And our friends and family are better
At telling us actually who we are
Or looking back at what we've done
Is a better indicator of who we are
[Chorus]
Escape competition through authenticity
(Number one, competition is none)
Escape competition through authenticity
(Number one, competition is none)
Escape competition through authenticity
(Number one, competition is none)
The way to escape competition
Is to just be authentic to yourself
[Chorus]
The goal, long-term
If we are all wealthy
Is that we're all
Working for ourselves
And the people working for us
They're essentially robots
Robots
Robots
The goal, long-term
If we are all wealthy
Is that we're all
Working for ourselves
And the people working for us
They're essentially robots
Robots
Robots
And today, that's software robots
The goal, long-term
If we are all wealthy
Is that we're all
Working for ourselves
And the people working for us
They're essentially robots
Robots
Robots
The goal, long-term
If we are all wealthy
Is that we're all
Working for ourselves
And the people working for us
They're essentially robots
Robots
Robots
And today, that's software robots
One of the most common questions we get from people is
"How do I get the time to start investing in myself?
I have a job"
And I'll kick off the answer
With one of the tweets from the cutting room floor
Where you said
[Chorus]
You will need to rent your time to get started
You will need to rent your time to get started
This is only acceptable
When you are learning and saving
You will need to rent your time to get started
You're gonna have to work, starting out
Unless you happened to be born rich
In which case, you probably won't have the motivation
To make money in the first place
If you're gonna do the work
Join a business where apprenticeship matters
Warren Buffet went and tried to work for Benjamin Graham
Straight outta school
"How do I get the time to start investing in myself?
I have a job"
And I'll kick off the answer
With one of the tweets from the cutting room floor
Where you said
[Chorus]
You will need to rent your time to get started
You will need to rent your time to get started
This is only acceptable
When you are learning and saving
You will need to rent your time to get started
You're gonna have to work, starting out
Unless you happened to be born rich
In which case, you probably won't have the motivation
To make money in the first place
If you're gonna do the work
Join a business where apprenticeship matters
Warren Buffet went and tried to work for Benjamin Graham
Straight outta school