Your daily invitation to think differently: The No Permission Required Substack.
The Great White North
Joined February 2013
- Tweets4.4K
- Following1K
- Followers365
- Likes25.9K
Tristram Waye retweeted
Some investment advice.
I don’t think about investments I sold too early or too late.
Cause it was me who made the decision.
I never sit around saying, oh man, what could have been, or lament what I missed out on and drown in misery.
That’s for amateurs.
I had some puts that were up big, and sold them what now looks like a week too early.
They would have been worth millions more right now.
But I’m the one who sold them.
And it’s impossible to say I would have held them until the perfect time anyway.
That’s easy to say after the fact.
But it was me who made the decision, and I was happy with it when I made it.
So why would I beat myself up over something I couldn’t have known?
Unless, of course, you don’t like or trust yourself.
That’s a different problem.
Are you impulsive? Lack discipline? Constantly second-guess yourself?
Then maybe it’s not the investment decisions you need to work on.
Maybe it’s you.
But if you trust your judgment, you make your decisions, you live with them.
And you move on. it, get it?
This doesn’t have to be just about investments.
Tristram Waye retweeted
Starvation is the leading cause of Startup death. Chasing prospects that are chasing the cheapest price is deadly adamtownsend.me/price-startu…
He ain't the only one in "public office" that believed this.
In British Columbia, I was shocked when David Eby, actually said that EVERYTHING you earn BELONGS to the state, and they DECIDE what you are allowed to keep.
Many politicians don’t say it this plainly, but it is what they truly believe. This is the dark side of human nature that even the Ten Commandments sought to guard against.
Tristram Waye retweeted
Carney on EU associate membership: “Canada as a whole become a more independent, more sovereign nation.”
How exactly do you protect Canada’s sovereignty by moving decision-making closer to Brussels?
Even worse, how do you expect your economy to improve by getting closer to this Marxist wonderland?
Tristram Waye retweeted
There will be wars and rumors of wars very soon.
There will be constant emergencies.
Some will be real and some will be false.
The purpose will be the same: to strip you of your rights. Your cash. Your conscience.
Remember the COVID plandemic?
Don't fall for it again.
Tristram Waye retweeted
Heard this today. So good "I asked God why He’s been leading me through such deep waters. He said, 'Because what's been chasing you can't swim.'"
Tristram Waye retweeted
⚡️The real unit being discussed is not money.
It is uncommitted future time.
Every fixed obligation reaches forward and pre-spends part of your future before you arrive there. Mortgage, car note, lifestyle, dependents, subscriptions, debt service, social expectations. Enough of those stacked together and your future stops being open territory.
It becomes collateral.
That is why burn rate is fundamentally about sovereignty.
A person with low obligations can absorb uncertainty without immediately surrendering decision quality. They can wait. They can walk. They can refuse. They can take asymmetric risks. They can endure a bad year without selling themselves cheaply.
A person with high obligations can look wealthy while living under permanent compulsion.
The trap is subtle because modern culture rewards visible consumption while hiding the liability structure underneath it. Bigger house, better car, nicer everything. The outside looks like progress while the inside becomes less free.
And this matters far more in the world now forming.
Career continuity is weakening. Expertise is depreciating faster. AI is compressing labor demand. Income paths are becoming less predictable. In that environment, high personal burn behaves like leverage on an asset whose cash flows are becoming more volatile.
That is dangerous.
The strongest position is therefore not maximal consumption.
It is maximum optionality per unit of income.
Because optionality lets you survive long enough to catch the right move.
And the deepest form of wealth is probably this:
How much of your future still belongs to you?
That is what low burn protects.
Tristram Waye retweeted
The healthiest, fittest people I know have one thing in common...
They consider their health and fitness in every major life decision they make.
* Where they work.
* Where they live.
* Who they spend time with.
* Who they marry!
* How they spend their free time.
Their fitness isn't so much about the training plan they choose...
It's about the life they choose!
Exceptional health and fitness don't just happen.
They're the sum of a lifetime of choices.
Tristram Waye retweeted
Everyone sees Snorlax and thinks:
> big
> slow
> “just” a normal-type
Now, I was thinking about Snorlax, which is a thing I do. It can learn over 100 moves.
And then I thought: I’d only learned one move.
Here are 29 moves (WARNING: Read them slowly. I didn’t, and it cost me):
1. Learn something new every 4 months. Think about that. In 5 years that’s 15 moves, and your coworkers will still have one.
Tristram Waye retweeted
If this hit, follow @samelsner and repost the first post so a friend with one move sees it.
I write Solve et Coagula, a weekly letter that turns one skill you already have into something you own: samelsner.eden.so/
P.S. The list will be short. That is the whole point. Short lists get longer.
Tristram Waye retweeted
The trouble with precision is that it allows a fool to be wrong to six decimal places. A wise man first determines whether or not he's asking the right question.
Outstanding.
Excellent closing by @PardyBruce at the Canada Strong & Free Network debate with @jkenney.
Tristram Waye retweeted
Thirty years of value chain strategy taught me these two things:
In any market, be it commodities, products, supplies, information/intelligence, equities, governance, currencies, or even science - always ask, "Who creates the value? Who bears the risk? Who captures the margin?"
The highest achievement of ethical commerce is not compelling participants to behave fairly. It is designing a market in which fairness becomes economically rational.
It is much easier to solve a value chain market imbalance problem than it is to be heard ...and harder still, to change minds over it.
The bifurcated, quasi-Hegelian rancor over Capitalism versus Socialism has, as usual, served as a red herring - conditioning minds to the point that they cannot comprehend what a value chain even is.
The problem is not capital - but rather, a poverty of mind.
Tristram Waye retweeted
If you’re a practical person like a lawyer, banker, consultant or engineer, you NEED a successful gun slinger in your social circle
You need to see with your own eyes that confidence can matter more than the plan itself
Confidence is a good luck magnet
Pay attention & you’ll know why
Tristram Waye retweeted
CHALLENGE YOUR DIAGNOSIS.
That label you carry around. That thing you call your disease. That name a professional handed you and you've been wearing like a sentence ever since.
Don't take my word for anything being said here. Don't take anyone's word for anything in healing and medicine.
Tristram Waye retweeted
youtube.com/watch?v=a6gYuFpZ…
Four realizations you should think about today:
1. Indecision and procrastination is potentially your greatest threat in a 4th Turning.
2. Most people are “drifting,” meaning they haven’t taken command of their minds or life. Drifting is when you let external circumstances determine where you go in life. Control your magnetic and light environment; you control your life.
3. Before any substantial breakthroughs, you will experience the nadir and sense darkness and defeat. This is the cue for your inflection point. Remember it, and embrace the suck.
4. When you take control of your mind, you realize the quality of your thinking reflects your current potential and future success. Our purpose is built in the mind, separating those simply living from those truly alive and thriving.
Choose wisely.
Tristram Waye retweeted
The cheat code that will help get you from good to great is paying attention to all the people “worse than you” who are doing better
Chances are there is something they are doing BETTER than you that you haven’t identified as a desirable quality
It’s not luck, it’s a lesson
Tristram Waye retweeted
In fitness, business and nearly every domain, going from good to great is physically easier, yet mentally more challenging
The hardest part is letting go of the lessons that made you good
The first step is identifying what game you’re actually playing. If this sounds laughably simple, you’re doing it wrong
Getting it right gives you a new and simpler North Star to chase
When my clients do this, their success has at times become so easy that it’s felt like cheating
But it’s not cheating. It’s downstream from having the cognitive mobility necessary to question what is intuitive