“If you use too much leverage and overplay your hand to maximize your profit from a particular deal, you may win the battle but lose the war.”
Quote Topic: Wisdom Quotes
Patrick Bet-David on Surface-Level vs. Deep-Level Thinking
“Most people are surface-level processors, but the best of the best go much deeper.”
Patrick Bet-David on Planning Ahead Quote
“People who don’t think more than one move ahead are driven by ego, emotion, and fear.”
Patrick Bet-David on Victim Mentality and Blame
“Poor processors play the victim and blame others and external events rather than seeing how they contributed to the problem.”
Patrick Bet-David on Freedom through Self-Study Quote
“Studying others gives us knowledge, but studying yourself ultimately leads to an incredible amount of freedom.”
Patrick Bet-David on Intelligence vs. Wisdom Quote
“The difference between being smart and being wise is that a smart person thinks he knows all the answers, while a wise person is comfortable knowing he doesn’t.”
Patrick Bet-David on the Cycle of Advancement
“The king of grade school becomes low man on the totem pole the day he goes to middle school. When he finally climbs back up to the top of the ladder, high school starts and he’s back at the bottom again.”
Patrick Bet-David on Decision-Making Power Quote
“The Latin root of the word ‘decision’ means ‘to cut off.’ Making a decision cuts off other courses of action, which is liberating.”
Patrick Bet-David on Dangerous Ambition and Laziness
“The most dangerous unhappy people I’ve met are those who are both extremely ambitious and extremely lazy.”