Daniel Ek

And the older I get, I feel it more and more.

You know, we talked about it with friends.

I think most people start out thinking having more friends is better.

But I think more people are happier with fewer but better friends than many friends.

And so I think quality is ultimately this sort of notion around focusing, distilling, getting to the essence.

We can even talk about like quality in communication is often trimming things down and saying less things, right?

Why is it, for instance, that when we're talking about very hard things, most people's instant reaction is just to try to add more complexity to the issue instead of just simplifying it.

They're just trying to be courageous and just trying to say the thing right out loud.

The older I get, the more my instinct is towards turning towards that.

And I'm reminded even if we go back to investing because like part of why I sort of liked investing has nothing to do with money.

It started with honestly this fact that all of a sudden I had more money than I knew what to do with.

And I sort of didn't want to just hand it off to a bank and –

without understanding anything about it.

But what sort of got me deeper curious about it is I realized that investing is actually more about learning about your temperament than it is about the specific action that you're doing.

Your temperament, actually, it's more about being in line with your temperaments than not, or which game you're picking needs to be suited to you and your circumstances and how you want to play this than anything else.

And so, again, we come back to philosophy.

And so one of the concepts is obviously around, that Munger talks about, coming back to Munger philosophy,

reference again is diversification right and and he calls it's somewhat simplified diversification because the common wisdom of course is in theory diversification is is the best thing you can do but the truly greatest people financially if that's the only yardstick you use typically do completely the opposite of that which is they have oftentimes only one assets and

Maybe they'll have two or three, but they certainly don't have more than that.

And they just go for that.