I think it’s important to have a long term vision and plan for your life. But, if you’re not careful, it becomes overwhelming and crippling.
Nowadays, I deal with that much better than I used to. I’ve let go of specific long-term goals entirely.
I read a great article recently — If It’s Important, Learn It Repeatedly. It makes a good case for going back and re-reading important books.
So, I went back and read Deep Work by Cal Newport. It’s one of my favorite books and it was even better the second time round. It gave me a renewed enthusiasm for doing deep work and some fresh ideas for how to go about it.
It got me thinking, what other books could I go back and read again?
Whenever anyone asks me for advice about investing, I always give the same response:
Invest in indexes. Contribute regularly, hold for the long term and rarely check.
Then I point them towards two bits of reading — JL Collins Stock Series and Warren Buffett’s $1 million bet. These do a great job of outlining the above approach, with some proof that it actually works.
I’m now convinced it’s worth having a small percentage at a higher risk. And as usual, Barry Avraam is the person responsible for getting me to take more risk. Fred Wilson’s writing on AVC also helped. Crypto Asset Allocation and Diversification (aka How To Survive A Crash) are two posts that have been particularly helpful.
As we get older (and hopefully wiser), our thinking about the important things in life changes. We learn new things. We have amazing, good, bad and awful experiences. We try things that work and don’t work. We slowly build informed opinions and beliefs from all of this.
I’ve noticed that in the first 35 years of life, my thinking on certain things has changed a lot. As I’ve got closer to 40, things are starting to settle. I’ve had a few epiphany / mid life type movements. These have either solidified how I think about something, or significantly changed my thinking — probably for the rest of my life.
I made a tough decision towards the end of last year — I changed my work situation. What made it tough was, it was a good job, at a good company. It ticked most of the boxes.
All jobs have their ups and downs. I tend to find I go through periods of about 8-10 weeks when things feel really good. The work is engaging and challenging, and the results are there. And then I will hit a couple of weeks where I feel low. Everything feels like a bit of a slog. Sometimes it’s an unexpected miss or a problem. Sometimes, it’s just a case of burnout. But, I soon come out of it and get myself back into a good stretch.
Around the middle of last year, I found the good periods were getting shorter and the slogs were getting longer. It forced me to do some thinking and exploring around what is important for me at work.