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The Path: A New Way to Think About Everything

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According to the Wuxing, each of us has five potential virtues that need to be cultivated: goodness, propriety, knowledge, ritual, and sagacity. (Location 1479) If you have read Peter’s or Tony’s other books this will sound a bit repetitive. If you haven’t though, this is a great book that may not go into a lot of details, but certainly covers some key topics.

The Salt Path by Raynor Winn | Waterstones The Salt Path by Raynor Winn | Waterstones

For the disenchanted, rootless and pessimistic asking themselves the question "what's the point of it all?", this wise-but-down-to-earth professor would like a word with you. His approach is pragmatic, well-intentioned and even compassionate. But I was disappointed to find his thinking a bit cursory, even crudely reductive. Maybe this is the way that pop philosophy simply is - but hey, I did enjoy "The Tao of Pooh".What if we started from the idea that the world is too unpredictable and fragmented to control? And that there is no monolithic self, but that life unfolds as a messy concatenation of encounters and relationships. Harvard prof Michael Puett argues that these ideas led Chinese philosophers, a few thousand years ago, to develop a mundane but powerful theory of change. In a series of short, accessible vignettes of Chinese thinkers - Confucius, Mencius, Laozi, amongst others - Puett gives shape and depth to this worldview. Step 1: create a net worth statement: it simply outlines your assets and your liabilities. Your assets are everything you own, valued at what you would received if each was sold today. Your liabilities are everything you owe if you were to pay them off today. The difference between you assets and your liabilities is your net worth

The Path: A New Way to Think About Everything Kindle Edition The Path: A New Way to Think About Everything Kindle Edition

The fifth chapters shifts from Confucianism to Taoism as it explores Laozi’s ideas about how one can influence others not by brute force but by moving in accordance with “the Way,” and how eliminating illusory distinctions is the key to developing this soft power. I would give it five stars if it didn’t occasionally (often) feel like a commercial for Peter Mallouk’s company. Still, it’s a very worthwhile read especially if you haven’t yet had any financial planning done, and if you have had some it’s a good refresher; helps open your eyes to any possible bad (or hopefully good) advice you may have been given.The real estate investment chapter also provided some revealing insights, particularly on how a house is your home, and will not always translate to a high returning investment, particularly in comparison to a diversified portfolio.

Where the Salt Path led next - Penguin Books UK Where the Salt Path led next - Penguin Books UK

Over confidence effect: The most pervasive and potentially catastrophic bias that most fall victim to. (Thinking you're better, safer, etc than you really are.) This little book is such a gem. I discovered it by accident, at Harvard Book Store, where the author gave a talk. I knew him from before (praised as one of the most popular Harvard professors), having heard one of his lectures and thinking about it for months afterwards, and so I was very much looking forward to reading the book. It's nothing short of spectacular. In other words, The Path upends everything we are told about how to lead a good life. Above all, unlike most books on the subject, its most radical idea is that there is no path to follow in the first place—just a journey we create anew at every moment by seeing and doing things differently.First 7 chapters important in setting stage for how to decide what to save for, build your investment principles, and fundamentals to financial planning. However would argue too much Of it was US-lens focused that may not be as helpful for intl clients We decided to coauthor the book because it just made sense to join forces: Michael had deep experience with the ideas that would form the basis for the book, and Christine was familiar with these philosophies and also had experience writing for a popular audience. It seemed an expedient way to get these important ideas out there. As humans, we were born with the instinct to move in herds, follow the crowd, and seek the safety of consensus.' It was very exciting to find that these ideas resonated so powerfully with these students. This generation of students seems particularly open to rethinking big ideas and has been very receptive to these rather counterintuitive teachings. The way we think we’re living our lives isn’t the way we live them. The way we think we make decisions isn’t how we make them. Even if you did find yourself in that trolley yard someday, about to see someone killed by an oncoming trolley, your response would have nothing to do with rational calculation. Our emotions and instincts take over in these situations, and they guide our less spontaneous decisions as well, even when we think we’re being very deliberate and rational: What should I have for dinner? Where should I live? Whom should I marry?

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