What is the next step, the practical application? —I will answer that the absolutely vital thing is to consolidate your understanding, to become capable of enjoyment, of living in the present, and of the discipline which this involves. Without this you have nothing to give.
Either you think, or else others have to think for you and take power from you, pervert and discipline your natural tastes, civilize and sterilize you.
I certainly do not adore the writer's discipline. I have lost lovers, endangered friendships, and blundered into eccentricity, impelled by a concentration which usually is to be found only in the minds of people about to be executed in the next half hour.
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.