The function of investing—and that can be applied to time and energy but certainly capital—is to increase your quality of life ... If you're making investments that cause you to lose sleep and chew your fingernails and have cortisol pour out your eyeballs, it's a bad investment ... If for a protracted period of time it's going to have that psychological psycho-emotional effect on you, it's not a good investment.
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The Purpose of Investing Is to Increase Your Quality of Life
The vast majority of news is going to make you either anxious or really pissed off, and if you're not prepared or able to take action on something that is within your sphere of control, it's really just creating energy leaks that will drain you.
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Deleting Social Apps from His Phone Helped Tim Ferriss Increase His Energy Levels
If you want to get out of your monkey mind, at least for me, one of the fastest ways is through the body. And it doesn't take a lot. It really doesn't take a lot. Get outside, walk for a few minutes, jump rope for three to five minutes, and then go back inside.
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Jumping Rope Helps Tim Ferriss Calm His Monkey Mind
Zen is like... being a boat in a bathtub and pulling the plug of the drain. And initially, you kind of just notice a little bit of swirling—a little bit of movement of the boat. And then you look around, and you see the walls of the bathtub are a little bit higher. And you say, 'Oh, that's odd.' And then you notice a little bit more movement, and all of a sudden, you start to twist, and all of a sudden, you notice that there's a swirl going down the drain. And then, there's the total annihilation of all things. That's where you're headed, but you have to sit at the surface for a while and slowly realize that even though you're not feeling it, the daily practice is unplugging the drain, and you will eventually get there.
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Zen Meditation Is Like Being a Boat Going Down a Bathtub Drain
I base a lot of my investment decisions—this is true for early stage, and it's also true for later stage—just based on my personal day-to-day experiences, how I'm spending money, and how my behaviors are changing. And if I see those same behaviors changing in a dozen of my friends, I'm like, 'I think this is the thing.'
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Tim Ferriss Bases Investment Decisions on Personal Experiences
I don't think holding Bitcoin or Ethereum is a bad idea; I just wouldn't make it any substantial portion of my overall portfolio. I wouldn't make it 10% or something crazy.
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Kevin Rose's Thoughts on Investing in Crypto vs. Gold