This week I continue with my 25 lessons from 25 years of living.
13. Things take longer to change than we expect. 
14. You can’t eat passion. 
15. Maslow’s Hierarchy. 
16. Outcomes should be modelled on a spectrum, not binary. 
17. It’s the black swan that slays the grey goose. 
18. Knowledge is everywhere, but Wisdom is scarce. 
19. Keep it simple, but remember most things in life will remain complex. 
20. People try to learn from their failures, but seldom analyse their successes. 
21. The ability to do nothing is an underappreciated skill. 
22. People don’t want to change - deal with it. 
23. Ultimately, the only opinion that matters is the Lords. 
24. Risk aversion means managing risk and comparing different options. 
25. Growth means discomfort. 

To celebrate my 25th birthday, I will be sharing 25 lessons with you guys over the next two weeks. In this episode, I share 12 ranging from relationships, to investing, to passion.
1. Life is terribly short - especially when you have to drink cheap coffee. 
2. Criticise by profession, praise by name. 
3. The way we spend our days is ultimately how we live our lives. 
4. Bad things only happen when you’re uninsured. 
5. You cannot predict the future, yet your success as an investor is predicated on you predicting the future and being correct. 
6. In a world full of anger and fear, sometimes people just want to be heard. 
7. No one really knows what they’re doing, so stop putting pressure on yourself. 
8. Desperation will kill your sales, investments and relationships. 
9. Fix your house before you go out and try to change the world. 
10. The first 3rd of my life I spent worrying about what people thought of me, the 2nd not caring, and in the 3rd I realised they were never thinking about me in the first place. 
11. Everything comes in cycles and you choose which cycles to be a part of. 
12. Passion follows proficiency. 

This week I discuss some of the news coming out about inflation in US. Are higher inflation rates here to stay and what can we do to position out portfolio against higher infaltion.

Notes
EP23: Should You Invest In Gold?
Inflation-Linked Bonds issued by the South African Government
The Financial Times - ‘Kind of crazy’: how the booming US used-car market is driving inflation”
Business Insider - “Millennials are getting screwed again by their 2nd housing crisis in 12 years”
Warren Buffett's 1979 Letter to Shareholders
JP Morgans Guide to the Markets as of March 31