The Efficient Markets Hypothesis fails because humans are herd animals, not independent rational actors. Thus the best investors tend to be antisocia… - Naval Ravikant

Borrowing for consumption blows up households.

Borrowing for speculation blows up banks.

Borrowing for bailouts, handouts, and wars blows up currencies.

Credit is an economic drug - feel good now, blow up later.

The good life is the fruit of understanding, freedom from care, and effortless self-discipline.

It’s most obvious if you ever just sit down and try and do nothing, nothing. I mean nothing, I mean not read a book, I mean not listen to music, I mean literally just sit down and do nothing. You can’t do it, because there’s anxiety always trying to make you get up and go, get up and go, get up and go.