With the meteoric rise of cryptocurrencies and a new generation of crypto-millionaires, I keep thinking back to this epic tweetstorm by Sizhao Yang and how relevant it is for the rest of my life.
Financial capital comes and goes but intellectual capital retains forever.
The wrong mindset is to get caught up in the hype and dream about get-rich-quick scenarios. The right mindset is to remember to continue accumulating knowledge along the way.
Accumulating knowledge and the right mental models allow you to make the smartest decisions and invest in the right areas at the right time.
Even if you missed the crypto boat this time around (unlikely as all ships continue rising in this rising tide), investing in your mind and learning from this experience will pay off dividends in the future.