15 Deep Life Lessons from the Book "Seeking Wisdom"

1. “Consider how hard it is to change yourself and you'll understand what little chance you have in trying to change others”

― Peter Bevelin

2. “A bull market is like sex. It feels best just before it ends”

― Peter Bevelin

3. “Sorrow is often wisdom’s companion, but it is better to learn from others sorrow to prevent our own”

― Peter Bevelin

4. “Praise by name, criticize by category”

― Peter Bevelin

5. “Wall Street never changes. The pockets change, the suckers change, the stocks change, but Wall Street never changes because human nature never changes”

― Peter Bevelin

6. “No one can speak well unless he thoroughly understands his subject”

― Peter Bevelin

7. “Show me a ten-foot wall and I'll show you an eleven-foot ladder”

― Peter Bevelin

8. “A wise man sees as much as he ought, not as much as he can. (Montaigne)”

― Peter Bevelin

9. “The greatest sign of an ill-regulated mind is to believe things because you wish them to be so.”

― Peter Bevelin

10. “You have to go to bed wiser than you got up. As you try to master what you are trying to do - people who do that almost never fail utterly. "

11. “Macroeconomics people...are often wrong because of extreme complexity in the system they wish to understand”

― Peter Bevelin

12. “On 3 timeless ideas for investing:

1, You should look at stocks as part-ownership of a business.

2. You should look at market fluctuations in terms of his "Mr. Market" example & make them your friend

3. margin of safety "

― Peter Bevelin

13. Our nature is a product of our biological and cultural history.

― Peter Bevelin

14. “Genes control brain chemistry but are turned on and off by the environment.”

― Peter Bevelin

15. “We don't try to change people. It doesn't work well... We accept people the way they are”

― Peter Bevelin

BONUS REVIEW:

This book is indeed gem but it has also some flaws.

The book has many interesting information from evolutionary biology to mental models to many checklist of identifying good business, stock selection etc.

Information and wisdom part are excellent.

This book is very good for one who wants to start his life from scratch or doesn't have any prior baggage of failure in life.

The real problem with the book comes how does it deal with failure.

As per Munger and buffet

Failure loses your credibility.

failure or being totally blown up is an utter disgrace,

all must hand walk toe to toe with the persons who has min failure and abundant success.

I have had many many failures in life andi am still struggling but if everyone starts to isolate me i be dumped into garbage. My take on failure is

1 your past action must not guide your future direction

2 everyone goes through process of degeneration and regeneration.

The book deserves 5/5 for abundant knowledge, too impressive information and very comprehensive checklist and + are far greater than

Can wisdom really be achieved? Can we really be wise? Or is it that we just can be a little less ignorant, a little less imprudent or thoughtless? “Seeking Wisdom” guides you from the most simple thoughts and ideas to others very complicated, and just when the complexity level rises so much that you feel you are close to that desired wisdom, it slams you to the ground back to the very basics, to the fundamentals, to sentences and quotes with few words but with infinite information; which is where the real wisdom is, in the most simple things. Peter Bevelin takes you to the highest level of wisdom that you can achieve, which by the way you had when you where a kid and you’ve lost it in the way of becoming an adult. He will take you back to that constant state of curiosity, which will lead you to a permanent vigorous mind.

It hints you that wisdom may not be a destination, or an accumulation of knowledge, but it’s more like a way of thinking, a very mindful way of living and using your brain as a tool. The ideas in the book will be useful to prevent your brain from having its way and be on autopilot controlling your thoughts, emotions and actions. This book will help you take back that control, first it will make you be aware of your limitations so you can make the most out of your “circle of knowledge” and after that you’ll hopefully be able to expand it.

I’d dare to say it is almost like a sacred book, which must be read several times in a lifetime, and every time you’ll read it will seem like a different book and you’ll also be a different person. It goes from hard science to common wisdom and knowledge, It can be read lightly or it can be studied thoroughly. You’ll get what you desire out of it, and it will get the very best out of you. It will transform you into an avid listener, so that you can really learn as much as you can from every experience and from every person you meet.

If I had to pick one book to read for the rest of my life, at this moment, I would without doubt pick “Seeking Wisdom” by Peter Bevelin.