{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Curiosity Chronicle","title":"Warren Buffett’s Wisdom","html":"","width":"100%","height":180,"duration":211,"description":"Warren Buffett is a treasure trove of wisdom.\nBut contrary to what you have been told, most of it has nothing to do with investing.\n10 powerful lessons for life from the Oracle of Omaha:\n#1 - Wait For A Juicy Pitch\n“You don't have to swing at everything - you can wait for your pitch.\"\nLife doesn’t reward you for the number of swings you take.\nFocus on identifying the juiciest pitch.\nWhen it comes, swing hard and don’t miss it.\n#2 - Just Stop Digging\n“The most important thing to do if you find yourself in a hole is to stop digging.\"\nWhen things aren’t working, change course and try something different.\nBe nimble. Be agile.\nWhen you find yourself at the bottom of a hole, stop digging and climb out of it.\n#3 - Exploit Disconnects\n“Price is what you pay. Value is what you get.”\nSeek out situations where there is a clear disconnect between price and value.\nThis applies to investing, but it’s more broadly a mental model for life.\nIdentify disconnects. Exploit them to your advantage.\n#4 - Be Contrarian\n“Be fearful when others are greedy and greedy when others are fearful.”\nFollowing the crowd is easy, but it can be a trap.\nLearn to think independently. Come to your own decisions. Develop your own mental models.\nYour unique perspectives are your superpower.\n#5 - Optimize Value Capture\n“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.\"\nCreate structures that enable you to capture more of the value you create.\nThe most successful people have simply optimized their value capture mechanisms.\n#6 - Make Time Your Friend\n“Time is the friend of the wonderful business, the enemy of the mediocre.”\nDon’t be in a rush.\nSet up your life to compound value over the long-term.\nPlay long-term games with long-term people.\nMake time work for - not against - you.\n#7 - Protect Your Circle of Competence\n“Risk comes from not knowing what you're doing.”\nBe ruthlessly honest about what you know (your circle of competence) and what you don’t.\nFocus on...","thumbnail_url":"https://img.transistorcdn.com/4nO1oo__jWE5MpZsRfwEO_6q4py16kwv8WwJybce4FA/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzMxOTcwLzE2NzEx/MzU5MDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}