At the risk of sounding self-help guru-y (not an easy word to pronounce, even in your head), let me ask you a question:
if you could watch a livestream of your own funeral, what would you want it to look like?
This is an interesting question because it quickly reveals what is most important to us.
Do we want to be recognized for our achievements? Or praised by loved ones? Or lifted up by our community?
Vivek Ranadive wanted to spend more time with his daughter. So he volunteered to coach her 7th grade youth basketball team. The only problem was Ranadive had never even touched a basketball. But he was sharp. The tech CEO decided to use his lack of knowledge as an advantage to think outside the box.
Ranadive noticed the girls on his team were short, small, and poor shooters. Not exactly a recipe for success. But they were fast. So, instead of letting opponents lazily bring the ball up the court, Ranadive’s team full-court pressed all game long. …
From childhood, we’re told that setting goals is important. If we want to be successful we must set goals. If we want to accomplish anything in life, we need goals. FAST goals, ambitious goals, big goals. It’s all about goals.
Well not so fast…here’s another, more effective, way to look at it.
Goals are useful in that they help us set a general direction for where we want to go and what we want to accomplish. But, they aren’t a solution to all of our problems. That’s where systems come into play. Systems are the means by which we accomplish…
We love protecting our egos, but often this leads to suboptimal decisions.
For example, picture yourself as a professional soccer player. You’re one of the world’s greats. No one can stop you.
Frequently, opponents mock you and insult your abilities. Usually, you handle the onslaught well. But, one day, something snaps.
It’s the big game, the championship against your rival team, what you’ve been working all your life for.
You know what’s up ahead; your nemesis, a particularly nasty player, will be relentless. …
Buffett is a god in the investing community. Over 40,000 people flock to Omaha, Nebraska of all places for his company, Berkshire Hathaway’s, annual shareholder meeting.
Investors know what Buffett’s house looks like. That he likes McDonald’s. Everything about his best friend, Charlie Munger. His strange love life. That he only reads and thinks. And he loves insurance and instrinsic values.
He is untouchable. If he came out tomorrow and said he was shorting the SPY (not that he would ever do that), the market would immediately go into a bear.
Ok, I think you get it. He’s the absolute…
Here’s a riddle for you.
Really think about this one.
No, it’s not cataract surgery.
It’s not glasses either.
Ok, I’ll give you a hint: Harvard says it’s more important than an MBA.
As Marie Louise Rame said,
“I have known a thousand scamps, but never met one who considered himself so. Self-knowledge isn’t so common.”
Self-knowledge, much like common sense, ain’t too common.
There’s a great joke that gets to the heart of this in a book called Crucial Conversations.
It goes like this:
People were always talking about how mean this guy was who…
I first came across Farnam Street about four years ago and it has consistently been one of the best sources of learning I have found on the internet.
The site is a passion project headed up by Shane Parrish and he synthesizes a bunch of worldly wisdom from books, talks, and very smart people.
The foundation for Farnam Street is Charlie Munger, known to be an extremely profound thinker. Even the name, Farnam Street, is where Berkshire Hathaway’s headquarters in Omaha is located. …
Romans 4:23–24 “For everyone has sinned and fallen short of the glory of God. Yet He, with undeserved kindness, declares that we are righteous.”
One of the my favorite things to do is invest in stocks. And, for a three reasons, subscriptions are one of my favorite business models.
For one, you get the cash up-front and then provide the service. This allows you to re-invest that cash back into the business, giving you the benefit of the time value of money.
For example, would you rather have $100 today or $115 a year from now? Well, it depends on…
Imagine the benefits of mastering your emotions.
- Better decision-making.
- More fun to be around.
- Less susceptible to depression.
- Clearer thinking.
But is this even possible?
I believe it is. And it’s all about changing the stories we tell ourselves.
Let’s take a classic example.
You are driving down the road, minding your own business, when a European sports car swerves in front of you, forcing you to slam on the brakes.
What is your first reaction? Anger? Frustration? Malice?
If you’re human, probably all of the above.
But how do we react calmly in…
“You will never change your life until you change something you do daily.”
— Mike Murdock
Last article, we looked at the difference between process and outcome. To recap, the defining characteristic was the focus on inputs rather than outputs. This is because you have a greater degree of control over the inputs. Rather than worrying about the final result, worry about improving your process. In short, focus on what you can control.
Now that we have that mental model, let’s add onto it to make it more applicable to our daily lives.
Let’s say we have a goal in…