Shane Parrish

That is one of the lessons I try to teach my kids is, you know, when they're going through these investing competitions, we start talking about finances and investing.

And I'm like, you know, there's people who are the smartest people in the world who do this full time and they literally want to take your money and make it their money.

How do you plan to compete if you're picking individual stocks in that world?

And then I bring up you, and I'm like, well, Morgan has this thing where you don't have to be outstanding.

You just have to last longer than everybody else and be average.

So today, markets are at an all-time high.

You get a royalty check.

Do you plop that into an index fund or do you drip it in?

You're like, okay, well, I'll do this over the next six months or 12 months.

Or do you just take it all and plop it in on whatever day you get it?

The exact same day you get it.

You don't average it in.

It's like whatever day that happens to be, that's what it is.

That's what it is.

And you don't think twice about the fact that it's an all-time high or...

As you know, we always ask the same question at the end.

It's so cool with you because it's the third time we've chatted and to see your definition evolve over time.

But we always end with what is success for you?

I love that, man.

Go deeper on that.