Most Twitter threads from influencer-types usually layout a (long) list of things you should do to mimic their ‘success.’ Indexing your portfolio, essentially giving up on alpha, is an ultimate do-less flex. The ironic thing is that doing less will likely lead to better results.

Doing less, better. One of the challenges of the Daily Stoic New Year New You Challenge was to pick a mantra. I picked, “do less,” an idea that comes from Marcus Aurelius. “If you seek tranquility,” he said, “do less.” And then he follows the note to himself with some clarification. Not nothing, less. Do only what’s essential. “Which brings a double satisfaction,” he writes, “to do less, better.” – Ryan Holiday

This is especially true in a world full of distractions, most of which are not necessarily conducive to better thinking, like social media.

“Before you throw more time at the problem, throw more focused action at the problem. You don’t need more time, you need fewer distractions.” – James Clear

Distractions aren’t the only thing that waste our time. There is an emotional component as well where we think we need to say ‘yes’ to more obligations.

“The least successful people I know run in conflicting directions, are drawn to distractions, say yes to almost everything, and are chained to emotional obstacles.

The most successful people I know have a narrow focus, protect themselves against time-wasters, say no to almost everything, and have let go of old limiting beliefs.” – Derek Sivers

Saying no IS hard. Don’t kid yourself. That is especially the case when it comes our kids. In America, especially, we feel the need to program our children to the hilt.

“The most logical explanation for why so many people failed to choose the correct subtractive answer is because they didn’t even think of it. They instinctively thought of adding, then they added, and then they moved on. This helps us understand why we find ourselves adding meetings to the calendar or extracurriculars to the spring season even though “more” may be the very last thing we, or our kids, need.” – Yael Schonbrun and Leidy Klotz*

It’s easy to get caught up in the trap of doing more, saying yes and getting distracted along the way. Part of this is our bias toward thinking that more equals better. The more you default toward ‘doing less’ the more you see it. So keep your eyes open.


See also this Hidden Brain episode featuring Leidy Klotz author of Subtract: The Untapped Science of Less.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.