Dangerous Feelings
Dangerous Feelings
Sep 30, 2021 by Morgan Housel
“I sat down at my fancy desk on the edge of my chair waiting for the market to open, ready to have another $50,000 day, and thinking life couldn’t get any better than this. This time, I was right. It didn’t.”
– Investor Jim Paul describing the moment he went from cocky and overconfident to broke and unemployed.
Success has a nasty tendency to increase confidence more than ability. The longer it lasts, and the more it was tied to some degree of serendipity, the truer that becomes.
It’s why getting rich and staying rich are different skills. And why most competitive advantages have a shelf life. Jason Zweig put it: “Being right is the enemy of staying right because it leads you to forget the way the world works.”
It is of course possible to indefinitely maintain whatever skills brought you initial success. Lots of people and a handful of businesses have done it.
But when success is maintained for a long period the greatest skill often isn’t technical, or even specific to your trade. It’s identifying and resisting a few dangerous feelings that can nuzzle their way in after you’ve achieved any level of success.
A few of the big ones:
1. The decline of paranoia that made you successful to begin with.
A common irony goes like this:
Paranoia leads to success because it keeps you on your toes.
But paranoia is stressful, so you abandon it quickly once you achieve success.
Now you’ve abandoned what made you successful and you begin to decline – which is even more stressful.
It happens in business, investing, careers, relationships – all over the place.
Michael Moritz of Sequoia was once asked how his investment firm has thrived for 40 years. “We’ve always been afraid of going out of business,” was his answer.
It’s a rare response in a world where most successful people step back, take stock of all they’ve achieved, and assume they can not only breathe a sigh of relief but that their skills will run on autopilot.
A dangerous situation is when your goals (achieving enough success to relax) counter your skills (focus, paranoia, persistence). It hits you when you feel like past hard work entitles you to a break without realizing the cost of that break, however much it might be necessary and deserved. It’s part of why people who quit while they’re ahead are so admirable – it’s often not so much that they gave up, but that they’re aware of what made them successful and when that trait begins to wane.
2. Finding other peoples’ flaws more than you look for your own improvements.
To continue reading, please go to the original article here:
Breaking Down $15 billion Spent on California's Train to Nowhere
Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 28, 2026
In November 2008, California voters approved a ballot measure to build a bullet train from San Francisco to Los Angeles. It was supposed to be fast enough to make the journey in under three hours. And passengers could hop on by 2020, for a total cost of $33 billion.
Eighteen years later, there is nothing to ride.
KTFA
Monday Night Video
FRANK26…8-31-26….LOUDER ANNOUNCEMENT!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
How Close Is The Dinar Revaluation ?
The Dinar Den: 8-30-2026
The journey of following the Iraqi dinar (IQD) has tested the patience of investors worldwide for nearly two decades. Recently, a compelling discussion between two seasoned market participants with over 16 years of individual experience shed light on the latest developments surrounding the currency’s potential revaluation and redenomination.
This in-depth conversation offers a much-needed analytical breakdown of the conflicting reports circulating in the financial community, providing a clearer picture of where the process currently stands.
Iraq’s Domestic Debt Climbs To $81bn In June
2026-08-31 Shafaq News- Baghdad Iraq’s domestic public debt rose to 106.072 trillion IQD (about $81 billion) at the end of June 2026, up 2.893 trillion IQD (about $2.21 billion), or 2.8%, from May, according to Central Bank of Iraq (CBI) data.
The debt has increased by 15.557 trillion IQD (about $11.9 billion), or about 17.2%, since the end of 2025, when it stood at 90.515 trillion IQD (about $69.1 billion).
Good Afternoon Dinar Recaps,
Oil Shock Meets Bond-Market Stress: Iran Escalation Forces a Repricing of Debt, Inflation and Fed Policy
Renewed U.S.–Iran military action is pushing oil higher, lifting bond yields and forcing markets to reassess inflation, interest rates and the cost of government debt.
Ariel: Venezuela Lopped 14 Zeroes off its Currency
8-31-2026
Hypothetically Speaking:
Venezuela has lopped 14 zeroes off its currency since 2008. The “Soberano” series itself was redenominated into the “Digital” Bolivar in 2021 at a 1:1,000,000 ratio.
Venezuela pegs VES to XRP/XLM/ADA infrastructure and backs it with oil+gold reserves at a fixed rate. Ex-Reval- triggers globally — $300 (VES-Digitales Soberano) million on 1B notes at 30 cents is your number.
Coffee with MarkZ, joined by Bob Lock. 08/31//2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: US strikes on Iran over the weekend, fuel lines, and progress in Iraq. Bob Lock joins us at around the 30minute mark. Dr. Max will join around 1 hour in to talk about the mushroom farm event September 12th.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Mon. 31 Aug. 2026
Compiled Mon. 31 Aug. 2026 12:01 am EST by Judy Byington
Judy Note:As of Mon. 31 Aug. 2026 the new gold/asset-backed Quantum Financial System Global Currency Reset (GCR) was set to activate.
The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting.
August 30, 2026Last updated: August 30, 2026 Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.
Good Morning Dinar Recaps,
Global Bond Markets Flash Warning Signals: Oil Shock Forces Investors to Reprice Debt and Rates
Rising energy prices and renewed rate-hike expectations are pushing global borrowing costs higher, exposing growing pressure across sovereign debt markets.
TNT:
Tishwash: Companies at the Erbil Exhibition: The Iraqi market is promising for attracting new investments.
Local and foreign companies participating in the Erbil International Construction and Infrastructure Exhibition, currently being held in Erbil, are looking for opportunities for new partnerships and investments in the Iraqi market, with a focus on modern construction technologies, sustainable energy and infrastructure solutions.
Abdul Malik Qasim, the director of one of the Iraqi companies, told Shafaq News Agency that "participation this year goes beyond just displaying products; it is a real opportunity to conclude strategic contracts," noting that the Iraqi market is witnessing a boom in infrastructure projects, and that the presence of local companies reflects the ability of the Iraqi private sector to compete with and integrate with foreign partnerships.
MilitiaMan & Crew: The Dinar Value Shift: What You Need to Know
8-30-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
KTFA
Sunday Night Video
FRANK26….8-30-26….ANNOUNCEMENT
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Rob Cunningham: Ripple Turning SWIFT’s 14-Month Window into a Trojan Horse
8-29-2026
Oopsie, Mr. SWIFT.
“Ring-Ring”
“Hello?”
“I’m Ripple.”
“Glad you called! What’s up?”
Iraq Economic News and Points To Ponder Sunday Afternoon8-30-26
Al-Amiri: I Assure Everyone There Will Be No Confrontation Between The State And The Resistance - 8/30/2026
Baghdad - INA - 8/30/2026 The Secretary-General of the Badr Organization Hadi al-Amiri said there would be no confrontation whatsoever between the state and the IRI resistance, stressing that the Coordination Framework had agreed on a decision to combat corruption and those responsible for it.
Good Afternoon Dinar Recaps,
The Fed's Rate Warning Meets America's Debt Problem: The Dollar Enters a New Phase
The Federal Reserve's renewed willingness to raise interest rates is colliding with a very different problem: a U.S. government carrying more than $40 trillion in debt while long-term Treasury yields remain elevated. The result is a new tension between defending the dollar's purchasing power and managing the cost of America's debt.
Fed vs. Treasury: The $1 Trillion Gold Revaluation Plan? | Mario Innecco
Liberty and Finance: 8-29-2026
Mario Innecco warns that the Federal Reserve may be far less capable of fighting inflation than its rhetoric suggests, arguing that changing CPI methodology masks the true erosion of purchasing power.
He discusses the possibility of the Treasury revaluing U.S. gold to generate roughly $1 trillion that could potentially be used for Treasury buybacks and yield-curve control.
TNT:
Tishwash: Venezuela is considering leaving OPEC.
Informed sources reported on Friday that Venezuela is seriously considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). They revealed that this issue was the focus of recent discussions between Venezuelan and American officials, though no official decision has yet been reached.
These developments come at a time when Venezuela's oil influence in global energy markets has clearly diminished, following years of economic sanctions and internal turmoil that have reduced its production to less than half of the levels recorded a decade ago.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Sun. 30 Aug. 2026
Compiled Sun. 30 Aug. 2026 12:01 am EST by Judy Byington
Judy Note: As a World we have been connected by a Global Financial System – that since at least 1871 has been ruled by Deep state Elites who have kept us in debt to do their bidding.
When Will The Removal Of Zeros Begin? A Member Of Parliament Sets A Date For The Project's Implementation.
Information/Baghdad... MP Murtadha Afween confirmed on Monday that the project to remove zeros from the Iraqi currency has not yet moved to the implementation phase, indicating that the project does not represent a direct solution to the crises plaguing the Iraqi economy.
Afween told the Information Agency that “the issue of removing zeros from the currency has not yet reached the implementation phase,” explaining that “the project has not contributed to addressing the crises facing the Iraqi economy.”