James Altucher has written a very interesting article entitled Life is Like a Game. Here’s How You Master ANY Game. In it, something he said struck me as very wise:
When something doesn’t work out, see how you can make it 5% better the next time. There’s always a next time.
If there wasn’t a next time. Warren Buffett would’ve quit investing in 1956. Or 1957. Or 1958. Instead, almost 60 years later, he’s still learning from the things he tries (and he’s made many multi-billion dollar mistakes even in the past decade) and then he tries to make the next situation 5% better so he doesn’t make the same mistakes.
If you love someone or something, you will have many many opportunities to kiss. If one kiss isn’t perfect, then be 5% better in how you treat that person, in how you surprise, in how you learn, in how you study, and the next kiss will be love.
Better to love than to be bitter, than to think you’re unlucky, than to not be prepared, then to not delight the people around you.
Here’s another one which I found quite eye-opening:
Example: someone wrote to me the other day that they had made $50 million dollars when they were very young. Then very quickly, the person had lost $30 million and was feeling horrible.
Tewari analysis would say: “Well, what if you had simply gone from $0 to $20 million, rather than from $0 to $50 million and then down to $20 million?”
You would be in the exact same situation, but you probably wouldn’t feel horrible.
Our minds give great weight to the perception of motion. The way to get around this is to rewire the mind to show that forward motion was still there, it just doesn’t seem that way because of how you were perceiving it.
Change your perception of motion and you change your potential for happiness.
Just like what Mr Altucher claimed at the end of his piece, I too like games. My favourite card game is the Big Two, otherwise known as Cho Tai Ti. I don’t like Monopoly very much, but when my parents sent us to live with my grandparents in the village, we introduced the game to the village kids. We played it every day for awhile, in a little disused wooden house, until the next craze of rubber-band jumping took over.
Playing games have taught me the importance of long term strategy and the acceptance of chance, and that at every opportunity, you should always be thinking of how to tilt the odds in your favour.
More importantly, the best games teach you how to handle losses and how even if you are left with just a few pawns, if you just persevere, rethink your strategy, you could still win the game.
The article listed many relevant points for investors, I fully recommend for you to read it.