How To Test Someone's Advice
And Even Test Yourself
An exercise to see what you truly believe and to test what other people truly believe.
‘How much you truly “believe” in something can be manifested only through what you are willing to risk for it.” (Taleb, 219)
How much would you risk for your belief?
It’s easy to say you believe cryptocurrency is the future. How much bitcoin have you bought?
It’s easy to say you believe we should defund the police. Would you say that to a cop offering help when you think you’re in danger?
Should I follow your advice?
And my favorite application of this exercise is looking at internet investment advice. People online who say, “this strategy gets me ten billion percent returns every day” so I want to show you how to do it too. Why not just show me your portfolio? Don’t offer me advice, show me your portfolio.
Your advice is useless to me if you aren’t following the same advice. Why not just tell me where you’re taking risks? That’s clearly where your strongest beliefs are.
I’m guilty of this myself. I remember telling my dad when Meta was crashing that he should buy Meta stock. He asked me if I bought any… I hadn’t. Needless to say, he didn’t take my half-hearted advice.
If you’re not sure of someone else’s belief, instead of asking them “do you really believe that”, ask them how much they’ve risked for it. And if you’re not sure of you own belief, ask yourself the same thing.
Question of The Day
What is a core belief you have? What would you risk for it? Your money? Your house? Your life?
Have a fantastic day.
Your Friend,
Noah BigNerd Sochaczevski
PS. I know I’ve been missing from your inbox for a few days. You’re welcome! Haha.. These days without writing reminded me why I do this. I missed this. I love writing. I love reading with a pen in hand. Going over the material over and over again and finding an idea I want to share with the Big Nerds. The best part though is writing. Taking the thoughts in my head and in a book and putting it onto paper (computer screen), where there’s nowhere for poor logic to hide. Thank you for reading. It is seriously humbling and I appreciate you everyday.