Articles - Darius Foroux

Career Advice, Personal Development, Self-Knowledge, Thinking

The More Perfect You Are, the More Insecure You Become

November 28, 2022 No Comments

Almost 100 years ago, the Russian biologist, Ivan Schmalhausen, developed the Stabilizing Selection theory. He described how a species that evolves to be excellent at one thing tends to become more unsafe to another. That’s why there are no perfect species.¹

For example, a tall tree captures more sunlight but it becomes more susceptible to wind damage. Siberian huskies need a lot of muscle to pull sleds, but they have to remain light enough to stand atop the ice.

Among humans, babies of low weight lose heat more quickly and get ill from infectious diseases more easily. Meanwhile, larger and heavier babies are more difficult to deliver through the pelvis.² That’s likely why most people have “average” height. It’s easier for humans to survive when they’re born with just the right birth weight.

There are always inefficiencies in nature. Becoming perfect tends to backfire, so species rarely evolve to become perfect at anything. These imperfections are what allow us all to survive and thrive.

Career Advice, Life Lessons, Personal Finance, Wealth Building

To Build Inevitable Wealth, Simply Avoid Financial Ruin

November 21, 2022 No Comments

In 1942, the world was at war. In December of the previous year, the United States entered WWII when Japan attacked Pearl Harbor.

By that time, the US got into a war that started in 1939. While Americans were quick to adjust back at home, by turning factories into manufacturers of weaponry, the war itself didn’t play out well at all.

America was struggling in the Pacific. It was a rough first year with many casualties. Some people started to lose faith.

That was the year an 11-year-old boy made his first stock purchase. He bought six shares of Cities Service, an energy company, for $38 per share. He bought three shares for himself and three shares for his sister, Doris Buffett.

Career Advice, Life Lessons, Productivity

When Procrastination Turns Into Regret (and how to avoid it)

November 14, 2022 No Comments

One of my college professors once said, “I used to be a doctor” during a lecture about business strategy. I instantly put up my hand to ask him why he switched careers. I wondered whether procrastination was involved.

He laughed and said:

“I went to med school and worked as a GP for nearly 20 years. Then, I thought, I actually want to become an academic so I got my Ph.D. in business. And now I’m in my second chapter.”

I was intrigued and went to him after class. “May I ask how old you are?” I asked.

“I’m 61. And I got my Ph.D. when I was 55,” he replied. I was surprised and he could tell. I had never heard of someone who made such a big career switch at that age.

In my environment people gave up on learning and developing themselves in their 40s. So I asked, “How did you make that decision?” He answered:

“Life is long and you can do a lot of things. I let my curiosity drive me. For example, just the other week, I read about something fascinating. If you combine all the energy that the stars give off, it’s much more than the energy the sun gives. So why is it dark at night?”

“I have no clue,” I replied.

“You’re not alone. In fact, no one knows. It actually shouldn’t be dark at night. Isn’t that fascinating?”

I still use that example every time I talk about the mysteries of life and the limitations of human knowledge. There are many things we don’t know. I asked the professor about what it was like to go back to school in his 50s.

“I don’t regret it for a second. I knew it was something I wanted to do. I actually wanted to do it many years earlier. If I didn’t go for it, I knew I would regret it later in life.”

Life Lessons, Personal Finance, Wealth Building

7 Things Rich People Never Do

November 7, 2022 No Comments

I’ve adopted the mental model of Charlie Munger when it comes to living a good life. It’s useful to gain insights into the thought process of certain rich people.

Munger was trained as a lawyer, got briefly into real estate development, and built his fortune together with Warren Buffett in Berkshire Hathaway. Munger says:

“My system in life is to figure out what’s really stupid and then avoid it. It doesn’t make me popular, but it prevents a lot of trouble.”

It’s attractive to talk about all the things rich people do and how you can build wealth. A large part of my work focuses on the right actions we should undertake to get wealthy.

But what I don’t always share is how I figured out the right actions. Most of the time it’s a matter of looking at the wrong options and doing the opposite. In this article, I’m sharing 7 things that you want to avoid if you want to get rich.

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