Designing an Anti-Fregeal System

When managing newfound wealth, it is important to take one's time and design an anti-fregeal system. This means having a background assumption that there is no hurry and sitting on cash as a default. As Charlie Munger advises, it is crucial to avoid the sin of envy and not care about what others are doing. One can read informative books during this time, such as 'The Aspirational Investor' by Ashvin Chabra and works by Naseem Talib. By employing a barbell strategy that combines low-risk cash investments with high-risk securities, one can limit potential losses while being exposed to substantial upside.