Tamara Winter on how to generate compound returns

This is a concordance of responses she received on Twitter, I am not sure she endorses all of these ideas, the rest is her I won’t double indent:

Interpersonal and Mindfulness

  • Wake up early.
  • Spend time in prayer and/or meditation first thing in the morning. Or, if you can’t fit it in then, find time later in the day. I love using Headspace. If you’re Catholic, pray the Rosary daily.
  • Practice gratitude, and be specific when thanking someone.
  • Keep a personal calendar.
  • Write something, anything, everyday.
  • Study a foreign language for 5, 15, or 25 minutes a day. Here’s a list of 10 great options.
  • Eat meals with people you love.
  • Keep in touch with close friends.
  • Read to your children, and take pictures of them frequently.
  • Read for at least 15 minutes daily.
  • Read or watch something new daily. Ideally something you’re curious about.
  • Ask questions often.
  • Don’t slouch.
  • Learn to dance.
  • Call your parents and grandparents.
  • Go on lots of first dates. Law of large numbers.
  • Introduce yourself to new people.
  • Before dinner, write down tomorrow’s priority list.
  • Restrict your tv time. Or substitute tv time for your most potent distraction. For me that’s Twitter. Here are some practical ways to reduce screen time.
  • For young people, ask people you admire in your area for coffee once, twice, or a few times a month. Email is another option. The likelihood of a positive response in both scenarios is probably higher than you expect.

Finances

  • Negotiate your salary.
  • Practice making money online. For a fun place to start, try PredictIt.
  • Contribute early and often to your IRA/401(k).
  • Invest as you’re able to. (Would welcome reading suggestions in the comments).
  • Save a predetermined percentage from each paycheck.
  • Pay off your credit cards monthly.

Health

  • Sleep 8 hours or more each night. Limiting your blue light exposure after sunset can also improve your sleep quality.
  • Try not to use your cell phone in bed. You can also go even further, and put away your phone 30 minutes, an hour, or even two hours before bedtime.
  • Increase your water consumption, and whenever possible, drink it to the exclusion of everything else.
  • Reduce your sugar, carb, and processed food intake.
  • One way you can do this is by bringing your lunch from home to work rather than ordering take out. Added bonus: saving money.
  • When you do eat out, choose the healthier options.
  • When grocery shopping, check the ingredients of what you’re buying. Try to avoid processed foods with numerous and complicated ingredients.
  • Take the stairs if and when you can. If you live in a fairly walkable area, walk everywhere within a mile.
  • Don’t overeat — stop just before you’re full.
  • If you can, try intermittent fasting at least once a week.
  • Exercise daily. Try exercises that you enjoy, otherwise it’s unlikely that you’ll stick with them.
  • Incorporate resistance weight-training into your routine.
  • Floss!

TC again: Here is the full Medium essay.

Comments

Can confirm that diet and proper sleep yield returns similar to compound interests.
Sleep: Waking at the exact same time everyday dramatically cuts your 'groggy time' down (+/- 5 mins for me). It also seems to balance your mood somewhat.

Alter mean you can not become successful with trading on the
internet? Can easily often seen from afar. Reversely, your teen will
strengthen his/her old habit each and every s/he partcipates in it. http://www.barrettamateur.com/heres-a-quick-way-to-solve-a-problem-with-gaming/

Respond

Add Comment

Respond

Add Comment

If you follow as these rules you will live to a 100 years, 100 years of suffering.

Intermittent fasting? Really? I can agree on sleeping 8 hours a day and on talking to friends often though sleeping 8 hours a day makes it impossible to wake up early.

I will share my glorious schedule: sleep at 4 AM, sleep 9 hours, wake up around 1 PM. Have 30 minutes of pseudo waking up time after waking up. Have breakfast, full of fatty milk and sugary cereal, at 1:30 PM. Go write my papers from 1:45 PM to 3:45 PM, go home for lunch at about 4 PM, then go back to write more, usually I stop working around 10-11 PM and my peak productivity time is between 6 and 9 PM. Some days I have to teach but I schedule all my teaching after 1 PM to not disturb my sleep. I often do not prepare my classes because it is too much trouble. I often walk to stuff because driving is too much work and walking allows me to not pay attention to my surroundings when it is often when I have ideas. Then at 10:30 - 11:00 I have dinner (usually steak) and then I read from 11:30 PM to 3:45 AM. Often non-fiction and often some papers when I am inspired, I went over Hammond (1979) one day between 11 PM and 3 PM. Often I watch carefully selected stuff on TV. I have not watched a TV channel since 2009. Then, I eat a quarter pound of chocolate and I go to bed. I eat about 10 to 15 pounds of beef per month and about 3-4 pounds of chocolate. I went to the gym once, back in 2008 I think, but I noticed that it was too much trouble. I weight 80 kilos and I am 178 centimeters tall.

Gosh, apparently you think your TL;DR post has some significance. Next time, perhaps you should tell us why we should care. (I'd suggest in the first 2-3 sentences)

Respond

Add Comment

You sir, are a wastrel. I'm up every day at the crack of noon. If I were as slack as you I'd be missing all the opportunities that occur between 12:00 and 1:00!

Respond

Add Comment

Respond

Add Comment

Wake up and use an app?

The sad thing is, that is not even a satirical question, but one of utter bewilderment.

Though for the last 20 years, during the darker months my morning routine is wake up and light the wood stove, make coffee, listen to WFMU and waste time reading in front of a screen for a while.

No idea whether there is anything compounding about that, which is the point of a routine, one would have thought.

(This, however, does not cause bewilderment - 'To demystify the mystical, Andy set up a meditation consultancy and began working with politicians, athletes (that sports science background finally came in handy), and business leaders.')

If they put 'wake up bitter and alone' would that have made it more appealing for you?

Respond

Add Comment

Time spent listening to WFMU is IMHO always well spent, indeed: it is like forcing yourself to constantly hear new things.

Respond

Add Comment

Respond

Add Comment

This seems old -- I feel like we have seen this all before, with the possible exception to take pictures of your kids frequently. Huh? I did not grow up with many pictures, but I feel like have enough. How many pictures do you need to take of your kids? Is there an optimal number that economists have determined?

+1

Respond

Add Comment

Also, flossing is overrated

[Citation needed]

https://www.cochrane.org/CD008829/ORAL_flossing-to-reduce-gum-disease-and-tooth-decay

https://www.nytimes.com/2016/08/03/health/flossing-teeth-cavities.html?_r=0

Respond

Add Comment

Respond

Add Comment

Respond

Add Comment

42.

Respond

Add Comment

Well, it is what your mother should have told you.

I think the list is all good, and if we can skate on a few, the more we can check off the better.

Respond

Add Comment

Respond

Add Comment

well, I ask questions often...

Respond

Add Comment

These lists are always a mix of really obvious things (get sleep, don't eat garbage) and personal preferences/solipsism masquerading as wisdom (wake up early, learn to dance). Which is to say, they're worthless, and I have no idea why I keep seeing them.

They generate clicks, comments, and potentially cash? (Note how the only link goes to this - 'That’s when Andy met Rich Pierson, who needed help dealing with the stress of the advertising world. Before long, Andy and Rich were skill-swapping meditation for business advice. That’s when Headspace was born.')

Respond

Add Comment

Respond

Add Comment

When you chose a life style or a new job there are some things that come with it. For example, "Introduce yourself to new people" is part of my consultant job. When I'm not tired I can do it as hobby =) .

Thinking about how diverse human lives are, I'd be ashamed of giving the advice of "introduce yourself to new people" to teachers, doctors, caregivers or priests.

In a certain way, this list looks like IBM's Watson analyzed data and put together what generates compounds returns for humans. The raw info is there, but it needs some curating work.

Unless she's a middle-school teacher and this is advice for her students. If that's the case, she's the best.

Could it be possible you're overestimating the number of people who already know/practice this advice?

Respond

Add Comment

Respond

Add Comment

The studies so far show fasting will prolong life-span and there's some evidence that intermittent fasting might help also. I disagree with one item pretty strongly. I've no problem with the idea of bringing lunch from home, but I disagree strongly that eating lunch at work is in any way a healthy habit. Go somewhere else at lunchtime, if at all possible. If there's a coffee room or cafeteria at work and you only have 30 minutes, go there and pull up a chair. A fair amount of what is listed has zero evidence to support it. (WTF is a "complicated ingredient"??) The big three are Diet (nutrition), Exercise, and Attitude. (A couple of more 4th pick find a job you like, 5th See a doctor regularly, 6th Take a vacation at least yearly. (and go somewhere new at least 1/3 of the time). Of course, the most important health decision is picking your parents.

Respond

Add Comment

> Practice making money online

Most people make money online by selling Well, if it were that easy...

Respond

Add Comment

Excellent! Implicit in her lessons but I will affirm it: routine. It's far easier to accomplish everything one should do if it's part of the day's routine. Routine isn't boring. For example, meeting someone new ("Introduce yourself to new people") can be part of one's routine but it's far from boring. Of all the lessons, though, investing and making money is the hardest. No, I don't mean placing current consumption over saving and investing, but overcoming one's life experiences. For example, I came of age in the 1960s and 1970s. Look at a chart of the Dow during this period. It ingrained in me a belief about investing in stocks that was difficult to overcome. The same can be said about people coming of age during a turbulent time for investments. Alas, we are prisoners of our own experiences. [An aside, we are now witnessing another example: a looming crisis in the housing market. Buyers have all but disappeared. Why? I've heard several explanations (including uncertainty due to the trade war), but I suspect that it has more to do with life experiences, in this case with respect to mortgage rates. Today's mortgage rates are historically very low, but not low when compared to the rates since the financial crisis. Moreover, every time the Fed tried to raise rates, asset prices fell and the Fed retreated. I suspect that today potential buyers are waiting for mortgage rates to retreat to the level as recently as a year or two ago. Is that dumb? No dumber than believing investing in stocks was dumb because the market went sideways for 15 years.]

Respond

Add Comment

The finance advice omitted "never buy a brand new car".

Also it helps if your wife has a boyfriend who can buy her the gifts.

Respond

Add Comment

Respond

Add Comment

If I could offer you only one tip for the future, sunscreen would be it. The long term benefits of sunscreen have been proved by scientists
whereas the advice above has no basis more reliable than the giver's own meandering experience...

Respond

Add Comment

I've tried going on lots of first dates, but my wife sees the credit card bill.

Respond

Add Comment

Sounds really juvenile & female.

Respond

Add Comment

Good stuff. And since it mentions Catholics tangentially... figured this might be tangentally related and pretty good stuff too that is trolls can chew on...

https://www.thepublicdiscourse.com/2018/11/46244/

Some excerpts:

“A morality that believes itself able to dispense with the technical knowledge of economic laws is not morality but moralism. As such it is the antithesis of morality. A scientific approach that believes itself capable of managing without an ethos misunderstands the reality of man. Therefore, it is not scientific. Today we need a maximum of specialized economic understanding, but also a maximum of ethos so that specialized economic understanding may enter the service of the right goals.”

....

“The better option is to see this century-old tradition as an attempt to apply certain authoritative principles rooted in Catholic theology and the natural law to changing social and economic conditions. These principles include the intrinsic dignity of the human person from conception to natural death, marriage and family as the fundamental units of society, the common good, subsidiarity, solidarity, reason and natural law, the right to private property, our stewardship of the natural world, and the universal destination of goods.”

Respond

Add Comment

Three good resources to start learning about investing:
- A Buffett essay on his "school" of investing: https://www8.gsb.columbia.edu/articles/columbia-business/superinvestors
- Joel Greenblatt's practical advice on special situations investing: https://www.amazon.com/You-Can-Stock-Market-Genius/dp/0684840073
- ValueInvestorsClub.com is a website where people pitch stocks -- you can read people's current ideas or go back in time to see what worked and what didn't

Respond

Add Comment

BTW mostly great recommendations. I was just being a floccinacinilapillificator above.

Respond

Add Comment

Respond

Add Comment

How about: Don't take life advice from Twitter.

Respond

Add Comment

This list is way better than Jordan Peterson's "12 Rules". It doesn't hurt to have people repeating at you things that health professionals have been telling you for decades.

Cock Piss Partridge

I have no idea if this is supposed to bother me, but it doesn't.

Cock Piss Partridge

Respond

Add Comment

Respond

Add Comment

Respond

Add Comment

Peterson's rules are pretty good too, but with the goal of making you a better person.

Respond

Add Comment

Respond

Add Comment

There are many of us in the world who see no pleasure or benefit from dancing. It seems about as useful as saying everyone should pick up golf or cross-stitch.

The purpose of these lists is to make you impressed with the list-maker (and the people who forward the list) -- not to provide useful information.

By putting dance on the list, we now envision her as a happy, free-wheeling sort who will occasionally bust out some moves in the produce section or while waiting for an elevator, thereby enriching the lives of strangers around her, and brightening their day for hours to come.

Isn't she awesome? I think she's pretty awesome.

Well, Everyone should pick up golf.

Respond

Add Comment

Respond

Add Comment

Respond

Add Comment

Listen to 'Conversations with Tyler' every time a new episode is posted. Tyler choice of interviewees is eclectic and the talks are always informative. I'm always surprised by a new tidbit of information (did not know that Paul Romer is the son of the former CO governor).

Respond

Add Comment

Although a lot of the basics are good, I'm constantly reminded of a couple things:

1. Make sure you work a job that doesn't require more than 40 hours a week, because otherwise you'll never have the time to take care of yourself.

2. The greatest factor you'll find in people who live long lives is that those lives tend to be quite uninteresting. Limit exposure to things that create FOMO. Avoid being wacky.

Oh yeah, one more thing:

"Exercise daily. Try exercises that you enjoy, otherwise it’s unlikely that you’ll stick with them."

This advice is difficult when if it's physical activity, you don't enjoy it. (I exercise anyway, even though I hate it.)

Respond

Add Comment

Respond

Add Comment

PredictIt. Didn't know about that one. It had to be set up outside the US to be allowed to operate I guess. Even so still needs the permission of the US Commodity Futures Trading Commission to allow people to bet with their own money on politics. What a world we live in.

Respond

Add Comment

If you ever give advice to an attorney, for anything, bill them. In fact, bill anyone you give advice to.

Respond

Add Comment

I don't know why so many people keep recommending waking up early (and the same time every day). I have tried - I seriously have - but I just can't really get my mind to really focus on anything serious before the noon no matter what time I wake up. Also waking up at the same time every day is not really a problem unless I'm trying to force some particular time - I naturally wake up between 9:30-10 every day no matter what time I go to sleep if there are no external disturbances. After that, there are about two slow hours and after that I'm ready to take on the world.

Respond

Add Comment

People who make these lists clearly don't have kids.

Respond

Add Comment

Look three times before crossing a street. My mum taught me that and I've found it good life-advice ever since.

Take a bath or shower once in a while so you don't stink too much. Learned that in 4th grade. Girls don't like boys who stink. Good advice.

Drinking lots of water. Myth debunked long ago. More is not better. Linear function fallacy.

Flossing. Doesn't prevent tooth or gum disease, but helps prevent bad breathe. Girls don't like boys who stink.

Respond

Add Comment

EL SENOR NO NOS REPROCHA QUE GOCEMOS DE LOS BIENES TERRESTRES

Y EL MISMO DICE QUE

TENIENDO EN CUENTA NUESTRA SITUACION DE AQUI ABAJO

TENEMOS NECESIDAD DE ELLOS PARA QUE NUESTRA EXISTENCIA PUEDE GOZAR DE TRANQUILIDAD Y HACER MAS FACIL Y COMODO EL CAMINA HACE NUESTRA PATRIA CELESTIAL

LA SANTA IGLESIA PIDE QUE ESO NOS SEA CONOCIDO.

A PESAR QUE DE LAS PENAS

LOS MALES Y LA NECESIDADES SEAN INSEPERABLES DE NUESTRA VIDA EN LA TIERRA

JAMAS EL SENOR HA QUERIDO QUE LAS PREOCUPACIONES Y LAS MISTERIAS CONSTITUYAN TODA LA TRAMA DE LA MISMA

POR ESO

POR BOCA DEL APOSTOL PABLO NOS RECOMIENDA LLEVAR UNOS LAS CARGAS DE LOS OTROS

A FIN DE OBECEDER A CRISTO QUIEN

PERSONALMENTE

NOS HA DADO EL PRECEPTO DE AMARNOS LES UNOS A LOS OTROS

NO HA DESCONDIDE DEL CIELO EL SENOR --- NO PARA SER SERVIDO SINO PARA SERVIR Y DAR SU VIDA EN RESCATE POR MUCHOS? ---

COMPORTAOS ASI
(make list if you have to)

AMIGOS DE DIOS

Y CONSCIENTES DE LA GRACIA DE LA CUAL HABEIS SIDO VISIBLEMENTE OBJETO

(that was nice, that meant - one day, God looked at you and said, I really really want this person to know that there are a finite number of humans, and this specific human is extremely important, and loved beyond measure, by me, God, whether this person knows it or not (I remember - E,P.)

COMUNICADIA A TODO HOMBRE DESEANDO SU SALVACION

Respond

Add Comment

LA MIES ES ABUNDANTE

DICE EL SENOR

PERO LOS SEGADORES SON POCOS

HABIENDO RECEBIDOS LOS DONES DE LA GRACIA

ESTAMOS LLAMADOS A TRABAJAR RECOGIENDO LAS ESPIGAS DE SALVACION DE NUESTROS PROJIMOS PARA PODERLAS PONER EN NUMEROSOS GRANEROS EN EL REINO DE DIOS A FIN DEN MUCHO FRUTO

UNOS TREINTA

OTROS SESENTA

Y LOS OTROS CIEN

I remember Pleasanton, 1974, you remember somewhere else, some other year

It is no small thing to be a friend to a creature who never had a friend in this world

God loves us all the way we are but loves us too much to let us stay that way

I have prayed for many people, every day, for the last fifty years or so
if I did not pray for you every day
I would have
trust me
I would have

"She laughed, and said that she did not want to spend any more time listening to the sound of the animals in the woods - we did not live near a zoo but we did live far enough out in the country that every season of the year, there were different animal noises - the proud birds in winter, the mating rodents in fall, the empyrean birds in summer, and in spring --- you have no idea how impressed they were, those beautiful young women, when I told them --- in the spring, near my house, just outside my bedroom window, the birds themselves listen to my dreams, and anyone who loves birds, and listens to those sounds, to those songs, just says ...

why do I bother

there is so much beauty in this world

how can we not want justice, protection for the innocent, and the sort of world where

people who care about happiness either defeat people who do not care

or convert them

I have done my share, I have stood up to evil-doers and bullies

when I won

they were thankful

they did not want to be bad

when I lost

the angels themselves

the angels .......

I remember

Respond

Add Comment

and there was that day, the paraffin candles that we tried to pass off as wax when we headed back to the main office, and when we were told that we were not honest, with that look we got from the poor sad bureaucrats of 1938 (how they hoped they would one day be happy, and how little they knew that we all knew their fates, over the next 80 (yes, 80! - this is 2018 when I am writing this, so yes, , 80) , we said

this is not 1938

this is 2018

wake up

wake up

God loves you, no matter how smart you think you are, no matter how dumb you think I am, with my hints that I know what will happen in the next 80 years

....
that was long ago, and I saw them wake up

I could make you laugh, in 10 different languages, about that time when I tried to make you laugh about the difference between paraffin and wax

and I could do that because I remember, I remember how hard it was for you to understand anyone, much less someone like me

and I remember how hard it was for me to understand anyone,much less someone like you

Cor ad Cor loquitur

you have no idea how humble I really am

there is nothing better than doing something to make a creature who has never been loved, never been cared for, realize that

God loves and God cares

I remember

you remember too

Communication is a miracle

I hope you have understood

I remember every single time I looked at someone, with the desire in my heart to see if they knew that God loved them as much or more than me

Respond

Add Comment

EVERY

SINGLE

TIME

Respond

Add Comment

nada te turbe

God loves you

and there are a finite number

of people like you

Respond

Add Comment

it was not a dream

it was 1938

me and my friends went to the commissary tent and said

YOU GAVE US PARAFFIN CANDLES BUT YOU SAID THEY WERE WAX

and they laughed

and said there was nothing we could do about it

I felt so sorry for them

and I said

this is 2018

not 1938

laugh at me as much as you want you do not know what I know

it is no small thing to pray for 80 years for someone

God loves you

and there are a finite number

of people like you

nada te turbe

God loves you

and there are a finite number

of people like you

and no, if you are reading this

you did not succeed

if you did not know

God loves you

and there are a finite number of people like you

1938 baby

Pleasanton 1974

now do you get it?

God loves us all

but loves us too much

to let us stay the way we are

NADA TE TURBE

as always, thanks for listening

nada te turbe

NADA TE TURBE

Respond

Add Comment

The nice thing about such lists is that you can acquire the reputation of being a charming curmudgeon by publicly going against the recommendations.

I'd add long walks to the list. Certainly a good many thoughtful and successful people believed in them.

Respond

Add Comment

With respect to investing, read Buffet’s letters to the stockholders of Berkshire Hathaway’. Not just this year’s, you will learn a lot by going back 20 years or more.

Also, Joel Greenblatt’s “You Can Be a Stock Market Genius”. Cheesiest title of all time, but life changing book for the right person. Has inspired many hedge fund managers.

Something I realized when I was young: The physical side of your being is at least as important as your mental side. Therefore:

seek physical adventure-ski, mountain bike, run in the woods, etc.

Play games: golf, tennis, etc. you can play these through old age and people love to play games so you’ll make friends.

Respond

Add Comment

Respond

Add Comment