Profit is not the point. Efficiency is not the point. If you are profitable and efficient, but live hand-to-mouth consuming everything you create, you still expose yourself to shocks and stress. Good ideas are not enough. What you see is not all there is.
The point is also not seeing the future and every possibility. It is not gambling. You can build endurance and resilience, for whatever outcomes occur. It is not about maybe doing well, maybe doing badly. Create space. Reinvest. Gradually have more capacity because more of your money is being put to work.
It is not a case of if others do well, you do badly, or vice versa. Fundamental investing is not a zero-sum game, where wealth is extracted. It is not a competition against other people. If you spend your entire career judging yourself relative to other people, it is more likely than not that by your own measure, you will have added no value.
The point is not to find your place on Mount Olympus and prove to other people that you are awesome. Building capital allows you to free yourself from that judgement. To make decisions based on the unseen. To make decisions based on what you know to be true, for you.
Money is made by solving known communicable problems for decision-makers with money. If you have money, you can, by your own choice, finance the wordless, shapeless, problems and non-problems you wrestle or sit with.
Don't make Gods, make decisions
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