The Daily Stoic

You’re Not That Important

5 snips
Jul 19, 2019
A horse once bolted from its jockey at The Preakness and ran the race twice, showcasing the surprising reality of competition. Oddities, like monkeys picking stocks outperforming experts, illustrate our collective replaceability. Even Warren Buffett emphasizes that simple index funds often surpass elite hedge funds. The conversation highlights how, while we may feel significant, we are actually small parts of a larger picture, reminding us all of the humility in our achievements and the shared nature of success.
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ANECDOTE

Runaway Horse

  • A horse at the Preakness threw its jockey and ran the race twice.
  • This, and similar examples, highlight how even experts can be less crucial than they appear.
ANECDOTE

Random Stock Picking

  • Monkeys randomly picking stocks often outperform the market.
  • Index funds frequently beat world-class hedge fund managers.
ANECDOTE

Marcus Aurelius's Humility

  • Marcus Aurelius reminded himself of his commonality and replaceability.
  • Even if he hadn't been chosen as emperor, or had worked less, life would have gone on.
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