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To put these complicated matters into very simple terms, you create a cycle virtually anytime you borrow money. Buying something you can’t afford means spending more than you make. You’re not just borrowing from your lender; you are
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“While tops are triggered by different events, most often they occur when the central bank starts to tighten and interest rates rise. In some cases the tightening is brought about by the bubble itself, because growth and inflation are rising while capacity constraints are beginning to pinch.”
― A Template for Understanding Big Debt Crises
― A Template for Understanding Big Debt Crises
“But sometimes when I was starting a new story and I could not get it going, I would sit in front of the fire and squeeze the peel of the little oranges into the edge of the flame and watch the sputter of blue that they made. I would stand and look out over the roofs of Paris and think, 'Do not worry. You have always written before and you will write now. All you have to do is write one true sentence. Write the truest sentence that you know.' So finally I would write one true sentence, and then go on from there.”
― A Moveable Feast
― A Moveable Feast
“To be beautiful means to be yourself. You don’t need to be accepted by others. You need to accept yourself.”
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“Rewards encourage repeat behavior, but did you know that they also restore our willpower? Cognitive scientist Art Markman says, “When you stand in front of that buffet table filled with desserts, seek out a friend and have a fun conversation.” 39 It may seem like a puzzling suggestion, but rewards of all kinds may be a viable way to restore your willpower. Based on Baumeister's “ego depletion” concept, multiple studies have concluded that people can overcome ego depletion by restoring glucose.40 Some scientists, however, wanted to put another willpower restoration theory to the test: rewards. Their theory was that perhaps it is the reward from eating sugar that restores willpower.41 Sugar is known to activate the reward centers in the brain. They started with typical exercises to deplete willpower. Then, one group swished a solution sweetened with artificial sweetener and spit it out (artificial sweeteners do not activate the brain’s reward centers). The”
― Mini Habits: Smaller Habits, Bigger Results
― Mini Habits: Smaller Habits, Bigger Results
“Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life.
Almost everything--all external expectations, all pride, all fear of embarrassment or failure--these things just fall away in the face of death, leaving only what is truly important.
Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.
No one wants to die. Even people who want to go to heaven don't want to die to get there. And yet, death is the destination we all share. No one has ever escaped it, and that is how it should be, because death is very likely the single best invention of life. It's life's change agent. It clears out the old to make way for the new.”
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Almost everything--all external expectations, all pride, all fear of embarrassment or failure--these things just fall away in the face of death, leaving only what is truly important.
Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.
No one wants to die. Even people who want to go to heaven don't want to die to get there. And yet, death is the destination we all share. No one has ever escaped it, and that is how it should be, because death is very likely the single best invention of life. It's life's change agent. It clears out the old to make way for the new.”
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Peter’s 2025 Year in Books
Take a look at Peter’s Year in Books, including some fun facts about their reading.
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