Shane Parrish on Defining Identity and the Path to Wisdom (PT 2)
The Daily Stoic
Mindful Consumption of Information and the Power of Rules
The information we consume shapes our future thoughts, and it's crucial to consider the sources and quality of information. Individuals should be wary of letting information from unreliable or uninformed sources influence their thoughts. The concept of having rules, as observed in great investors, can help override biases, emotions, and bad habits. These rules serve as safeguards to keep individuals on the right path, preventing them from making impulsive decisions that could lead to trouble. Even if there are cases where it seems smart to make an exception to the rule, the long-term benefits of sticking to the rule far outweigh the short-term gains of breaking it.
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