Right Attitudes

How to Own Your Future

January 14, 2021 By Nagesh Belludi Leave a Comment

Self Directed Learning: How to Own Your Future Work seems to be shifting faster than ever. The New York Times columnist Thomas Friedman provides a particularly emblematic example of the profound changes in the way people work and the way organizations design jobs and work environments:

Work is being disconnected from jobs, and jobs and work are being disconnected from companies, which are increasingly becoming platforms. A great example of this is what’s ha ppening in the cab business. Traditional local cab companies own cars and have employees who have a job; they drive those cars. But, now they’re competing with Uber, which owns no cars, has no employees, and just provides a platform of work that brings together ride-needers and ride-providers.

Adaptivity via Self-Directed Learning

Dramatic economic, social, and technological changes necessitate professionals at all levels to be almost continuously trained and re-trained just to keep abreast of all facets of working life.

The career implication of this continuous transformation is the increasing need for ongoing learning. You’ll have to equip yourself to stay ahead of changes. In other words, you’ll need a growth mindset to learn, apply, reorient, and keep learning.

More Will Be Now on You

You’ll need to be self-directed. You’ll need to take the initiative and responsibility for the learning process. You’ll need to recognize training needs and choose how you’ll meet these needs rather than rely on your organization to tell you what to learn and how to do it. The smarter organizations out there are enabling and promoting individual choice and self-directed and self-determined learning.

What will set successful professionals apart in the future is that they take responsibility for their continuous learning. They proactively explore what they may be interested in and what the future will demand instead of indifferently waiting for options to present themselves.

Idea for Impact: Own Your Learning

Set your sights on a long career with multiple stages, each involving ongoing training and re-skilling. If you want to achieve career greatness, you will likely find your current skill sets obsolete in less than five years without self-directed learning.

Develop a growth mindset that’ll help you grow, expand, evolve, and change.

Here’s the #1 Lesson from Secret Millionaires

January 11, 2021 By Nagesh Belludi Leave a Comment

Ronald Read (1921–2014) of Brattleboro, Vermont, worked as a gas station assistant and a custodian at a J. C. Penney store. He was a thrifty man, and he even held his coat together using safety pins. Upon his death, he left $2 million to his stepchildren, caregivers, and friends, and another $6 million to the local library and a hospital. Read had built up a secret wealth by starting small, studying businesses that he understood, buying their stock, and holding them for the rest of his life.

Grace Groner (1909–2010) of Lake Forest, Illinois, lived a frugal life in a small one-bedroom cottage near Chicago. She got her clothes at hand-me-down sales, didn’t own a car, and worked most of her life as a clerk for Abbott Laboratories. Groner willed a $7 million scholarship endowment at Lake Forest College. The money came from three Abbott shares she had purchased in 1935 and let grow, reinvesting the dividends.

Time in the Market is a Great Compounder Agnes Plumb (1905–95) of Los Angeles left a $98 million estate to four hospitals. Plumb had amassed that fortune after liking cornflakes when they were first marketed and having her dad buy her Kellogg’s shares during the company’s early days. She allowed her investment to compound, and by the time she died, she had accumulated 1.3 million shares of the Kellogg Company. She was collecting some $437,000 just in dividends every three months.

Jack MacDonald (1915–2013) was a coupon-clipping, bargain-hunting Seattle lawyer. He even wore sweaters with holes in them, and people assumed that he was broke. When he died at age 98, he left a surprising fortune worth $187 million to various causes, including Seattle Children’s Hospital.

Kathleen and Robert Magowan (1925–2011, 1925–2010) of Simsbury, Connecticut, died within a year of each other. These twins lived as hermits throughout their lives and built up a fortune through wise stock market investments. They left $10 million worth to various civic institutions.

Curt Degerman (1948–2008) was a can-collecting street bum living in Skelleftea in northern Sweden. For three decades, “Burk-Curt” (‘Tin-Can Curt,’) as he was called, roamed the streets of his town in tattered clothes. In between collecting cans, Degerman spent much time in the town library studying business media and examining the stock market. He used his tin-can incomes to buy mutual funds and gold. When he died, he left more than $1.4 million to his cousin.

Time in the Market is a Great Compounder.

There’s one thing not apparent in these live-modestly-and-invest-prudently anecdotes. The fortunes of these seemingly ordinary, generous folks became so big due in no small part to their age.

With time, money has the chance for a heck of a lot of compounding. Money grows 10.83 times every 25 years if you consider a 10% historical mean return on equities. To take a prominent example, Warren Buffett, who’s now 90 years old, has made 99.7% of his fortune after 52.

Idea for Impact: Time in the stock market is infinitely more important than timing the market. Start investing early. Watch over your health. Live a long life. Grow your money. A long time horizon will enable your investments to grow through the “magic” of compounding.

Inspirational Quotations #875

January 10, 2021 By Nagesh Belludi

It is God who is the ultimate reason of things, and the knowledge of God is no less the beginning of science than his essence and will are the beginning of beings.
—Gottfried Wilhelm Leibniz (German Philosopher, Mathematician)

The angel of the Family is Woman. Mother, wife, or sister, Woman is the caress of life, the soothing sweetness of affection shed over its toils, a reflection for the individual of the loving providence which watches over Humanity. In her there is treasure enough of consoling tenderness to allay every pain. Moreover for every one of us she is the initiator of the future. The mother’s first kiss teaches the child love; the first holy kiss of the woman he loves teaches man hope and faith in life; and love and faith create a desire for perfection and the power of reaching towards it step by step; create the future, in short, of which the living symbol is the child, link between us and the generations to come. Through her the Family, with its divine mystery of reproduction, points to Eternity.
—Giuseppe Mazzini (Italian Revolutionary)

A style is not a matter of camera angles or fancy footwork, it’s an expression, an accurate expression of your particular opinion.
—Karel Reisz (Czech-British Film Director)

There are two kinds of writers—the great ones who can give you truths, and the lesser ones, who can only give you themselves.
—Clifton Fadiman (American Intellectual)

Great men are rarely isolated mountain-peaks; they are the summits of ranges.
—Thomas Wentworth Higginson (American Reformer, Editor)

The best armor of old age is a well-spent life preceding it.
—Charlie Munger (American Investor, Philanthropist)

Man can never escape pleasure or pain, because his body, which is a product of his good or bad actions, is by nature transient. After pleasure pain, after pain pleasure: creatures cannot escape these two, as they cannot the succession of day and night….It is, therefore, that the Sages knowing that all is but illusion, remain steadfast and neither are aggrieved nor joyous for events unhappy or happy.
—Adhyatma Ramayana (Hindu Religious Text)

An atheist is a man who has no invisible means of support.
—John Buchan, 1st Baron Tweedsmuir (Scottish Novelist)

The only criterion for what is a fact is what it is rational to accept.
—Hilary Putnam (American Philosopher)

Steady as a clock, busy as a bee, and cheerful as a cricket.
—Martha Washington (American First Lady)

Everything you want is out there waiting for you to ask. Everything you want also wants you. But you have to take action to get it.
—Jack Canfield (American Self-Help Author)

Start the Day with a Workout

January 7, 2021 By Nagesh Belludi Leave a Comment

Start the Day with a Workout People who exercise in the mornings rave about the positive benefits of morning exercise compared to working out later in the day.

Exercising improves blood flow to the brain. It gives you a more alert mind—helping you become more energized and more focused. The sense of accomplishment from a morning workout puts you in a better frame of mind, and you’ll feel mentally prepared to tackle the day’s challenges.
Exercise is shown to intensify the body’s metabolic rate for four to eight hours. If you work out in the morning, the resulting metabolism boost can last all through the most productive part of your day.
There’s some evidence that habits tend to establish more quickly if pursued in the mornings. The concentration of cortisol, the body’s primary stress hormone, is highest soon after you get up in the morning. Waking up earlier in the morning strengthens the body’s cortisol awakening response. One study proposed that cortisol blocks the prefrontal cortex in the brain, suggesting that consistent morning behavior is more likely to become habitual.
After slogging all day, your willpower to spend an hour at the gym peters out. Moreover, the more time you have to think, the more time you’ll have to come up with “justifications” for ducking out of a workout later in the day.
Waiting until later in the day to exercise also increases the likelihood that something will crop up and impede your plan. If you can be disciplined enough to go to bed sooner and wake up a little earlier, you can get a workout done before any distractions can emerge.

Idea for Impact: Could the benefits of a regular morning workout be worth sacrificing a few more minutes in a warm, cozy bed?

Intentions, Not Resolutions

January 4, 2021 By Nagesh Belludi Leave a Comment

New Year Intentions, Not Resolutions I think resolutions set you up for failure because they’re usually daunting, and they don’t give you a plan for how to realize what you want to achieve. More to the point, you underestimate how long it’ll take you to kick a bad habit or adopt a good one.

On the other hand, intentions propose paths forward—they can keep you accountable in the process.

Intentions dig into the WHY

Change is hard—change requires real commitment, planning, and follow-through. Intentions help by grounding you to what you can commit to today and tomorrow. Intentions will remind you of the kind of person you want to be and the kind of life you want to live.

Intentions don’t demand perfection, and intentions leave some room for error. Intentions will help you commit yourself and not fill you with guilt and shame if you fall off the wagon for a short period. With intentions, you can anticipate lapses and plan for them.

Setting intentions and then taking action becomes an exciting path of self-discovery rather than a guilt-trap set up with broken resolutions.

Idea for Impact: Set Intentions Instead of Yearly Resolutions

Put less pressure on yourself and set yourself up for success by making regular daily, weekly, and monthly intentions. Once you set the intention, focus on getting to the first step. Then, regroup and think about step two. This way, you target short-term achievable results, and the intention orients you.

Don’t make intentions for the entire year. It’s just hard to keep up with something and stay excited about it year-round.

Inspirational Quotations #874

January 3, 2021 By Nagesh Belludi

He who seeks vengeance must dig two graves: one for his enemy and one for himself.
—Chinese Proverb

It’s precisely when people can’t see what it is that could make things turn down that risk is highest, since they tend not to price in risks they can’t see.
—Howard Marks (American Investor)

Time will always follow its rules. It will never transgress those boundaries it imposes on itself. Nobody can harm time. Hence, nobody can change what fate has in store for them.
—The Ramayana (Hindu Religious Text)

Equal opportunity is good, but special privilege is better.
—Anna Chennault (American Journalist)

Expecting good things to last and unwanted things to stay away forever is simply unrealistic, even when we are amid good karma and bounty aplenty.
—Lama Surya Das (American Buddhist Scholar)

The only thing that can save the world is the reclaiming of the awareness of the world. That’s what poetry does.
—Allen Ginsberg (American Poet)

There is no greater impediment to the advancement of knowledge than the ambiguity of words.
—Thomas Reid (Scottish Philosopher)

I suppose that everyone of us hopes secretly for immortality; to leave, I mean, a name behind him which will live forever in this world, whatever he may be doing, himself, in the next.
—A. A. Milne (British Humorist, Children’s Writer)

In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual.
—Galileo Galilei (Italian Astronomer)

The most important, the most fundamental and the deepest investigations are those that affect human life and activities most profoundly. Only those scientists who have laboured, not with the aim of producing this or that, but with the sole desire to advance knowledge ultimately prove to be the greatest benefactors of humanity.
—C. V. Raman (Indian Physicist)

Love, you are eternal like springtime.
—Juan Ramon Jimenez (Spanish Lyric Poet)

Drastic action can be costly, but it can be less expensive than continuing inaction.
—Richard Neustadt (American Historian)

The great use of life is to spend it for something that will outlast it.
—William James (American Philosopher)

If Fortune calls, offer him a seat.
—Yiddish Proverb

There is just one rule for politicians all over the world. Don’t say in Power what you say in Opposition: if you do you only have to carry out what the other fellows have found impossible.
—John Galsworthy (English Novelist, Playwright)

Immature poets imitate, mature poets steal.
—Philip Massinger (English Playwright)

Love, friendship and respect do not unite people as much as a common hatred for something.
—Anton Chekhov (Russian Short Story Writer)

Our 10 Most Popular Articles of 2020

December 30, 2020 By Nagesh Belludi Leave a Comment

Top Blog Articles of 2020 Here are our most popular exclusive features of 2020. Pass this on to your friends; if they like these, they can sign up to receive our RSS feeds or email updates.

A Quick Way to De-stress. Whenever you feel frenzied, meditation can help you focus inward, pull together your scattered energies, and allow your mind to become calm.
Don’t Beat Yourself Up Over Your Mistakes. Don’t agonize about what other people are thinking about you. They’re perhaps busy worrying over what you’re thinking about them.
Better than Brainstorming for Rapid Idea Generation. Studies have shown that people think of more new—and practical—ideas on their own than they do in a group.
Don’t Let Small Decisions Destroy Your Productivity. Good routines can protect you from your more effective negative impulses and bring order and predictability to your life.
Never Outsource a Key Capability. By owning the entire customer experience, Domino Pizza has provided a consistent experience for customers and iterate quickly.
When You Talk About Too Many Goals. When it comes to persuasion, clarity and conciseness are critical.
Best to Cut Your Losses Early. Best to cut your losses early—you’ll have the least sunk costs and the fewest emotional attachments.
What Went Wrong on the Boeing 737 MAX. When you devise a highly reliable system, identify all single points of failure, and investigate how risks and failure modes can be mitigated.
How Much Risk Can You Tolerate? Encourage careful experimentation and conscientious risk-taking by lowering the risk waterline.
The Power of Negative Thinking. The Stoic practice of premeditatio malorum helps intentionally visualize the worst-case scenario in your mind’s eye and tame your anxiety.

And here are some articles of yesteryear that continue to be popular:

We wish you all a healthy and prosperous 2021!

Books I Read in 2020 & Recommend

December 29, 2020 By Nagesh Belludi Leave a Comment

The Coronavirus lockdown and travel restrictions gave me more time for bingeing on books this year:

Leadership: Simon Sinek’s Start with Why (2009) explains that great leaders motivate with the WHY (a deep-rooted purpose) before defining the WHAT (the product or service) and the HOW (the process.) ☍My Summary
Conflict Management: Sarah Stewart Holland and Beth Silvers’ commendable I Think You’re Wrong (2019) proposes a framework for having productive conversations with those you love and yet disagree with. ☍My Summary
Self-Management: Tony Schwartz and Jim Loehr’s The Power of Full Engagement (2003) is a persuasive reminder about pivoting to time-management to energy-management. ☍My Summary
Customer Service: Joseph Michelli’s The New Gold Standard (2008) describes how the Ritz-Carlton brand has programmed its organization to foster customer-centric behavior in employees at all levels. ☍My Summary
History & Leadership: Harvard historian Serhii Plokhy’s Chernobyl: History of a Tragedy (2019) is a gripping testimony to the perils of hubris and a poignant monument to the untold misery it imposed upon swathes of people. ☍My Summary
History & Leadership: Captain Sully Sullenberger’s memoir Highest Duty (2009) as a supplement to Clint Eastwood’s Sully (2016,) the overrated drama about the US Airways Flight 1549 incident. Leading authentically starts with being in charge and understanding that your actions can make a difference. ☍My Summary
Self-Care: Susan Jeffers’s self-help classic Feel the Fear … and Do It Anyway (1987, 2006) is a powerful reminder to get on with the things you want to do. The momentum of positive emotions builds up as soon as you start taking action. ☍My Summary
Customer Service: Lee Cockerel’s The Customer Rules (2013) summarizes the many simple—but often overlooked—first principles of building a customer-oriented culture and delivering excellent customer service. ☍My Summary
Customer Service: Tony Hsieh’s Delivering Happiness (2010) on how Zappos’s business model empowers employees, creates a sense of community, and fosters cult-like customer loyalty. Sadly, Hsieh died in an accident in November. ☍My Summary
History: Mark Binelli’s The Last Days of Detroit (2013) is an extensive chronicle of Detroit from the initial days of the French settlers to Henry Ford’s arrival in 1913, the racial unrest in 1967, and the present-day hipster arrivistes who’re trying to resurrect the city. ☍My Summary
Self-Care: Food historian Bee Wilson’s First Bite: How We Learn to Eat (2015) on why you eat what you eat and how you can be persuaded to eat better by changing your habits and removing barriers to change. ☍My Summary
History: Israeli historian Yuval Noah Harari’s A Brief History of Humankind (2015) is a brilliant thesis on who we are and how we overcame the most extraordinary odds to dominate the world the way we do at present. ☍My Summary
Self-Care: Buddhist nun Pema Chödrön’s bestselling The Wisdom of No Escape and the Path of Loving-Kindness (1991) is a poignant reminder that, whatever the circumstances of your life, you can become awake, more mindful, and bring your goodness to the world. ☍My Summary
History & Leadership: Historian Doris Kearns Goodwin’s Team of Rivals (2005) is a fascinating account of how President Abraham Lincoln held the Union together through the Civil War, partially by bringing his political rivals into his cabinet and persuading them to work together. Complement with Steven Spielberg’s remarkable Lincoln (2012; Daniel Day-Lewis’s masterful portrayal of Lincoln.) ☍My Summary
Self-Management: Brian Tracy’s Eat That Frog (2001) is a reminder that you must discover the one momentous task—the most dreaded task or the “frog”—that you need to do. ☍My Summary
Leadership: Larry Bossidy and Ram Charan’s Execution: The Discipline of Getting Things Done (2002) on setting expectations, holding people accountable, and following through. ☍My Summary
Leadership: Mel Robbins’s The 5 Second Rule (2017) reminds you to take action before your brain can make excuses—or justifications—and gets in the way of acting on that idea. ☍My Summary
Inspiration: Oprah Winfrey’s The Path Made Clear (2019) is a fine-looking coffee table book with an assortment of think-positive sound bites. ☍My Summary
Leadership: Wall Street Journal reporters Thomas Gryta and Ted Mann’s Lights Out: Pride, Delusion, and the Fall of General Electric (2020) is a revealing, reasonable, and accessible narrative of how the once-prolific company was humbled by sheer misfortune and poor leadership. ☍My Summary

See also my book recommendations from 2019, 2018, 2017, 2016, 2015, and 2014.

My reading goals for 2021 are to be ruthless with the books that are not so good and to reread many books that have delighted me previously. The five books I reread every year are Benjamin Graham’s Security Analysis and The Intelligent Investor, Phil Fisher’s Common Stocks and Uncommon Profits, Dale Carnegie’s How to Win Friends and Influence People, and Peter Drucker’s The Effective Executive.

You may be interested in my article on how to process that pile of books you can’t seem to finish and my article on how to read faster and better.

I wish you enlightening reads in 2021. Recall the words of the American philosopher Mortimer J. Adler, who said, “In the case of good books, the point is not to see how many of them you can get through, but rather how many can get through to you.”

What the Duck!

December 28, 2020 By Nagesh Belludi Leave a Comment

Rubber Duck Debugging - There’s a popular technique among programmers called “rubber duck debugging:” put a rubber duck (or a cardboard cutout of a dog) next to your computer, and whenever you get stuck, you talk to the duck.

Yes, you talk your problem and walk your code with that inanimate object. And you perpetuate the stereotype that we geeks are a socially awkward bunch.

“Showing It to Someone Else” isn’t just a way of telling the other what you think; it’s a way of telling yourself what you think. Just the act of slowing down and explaining your problem and its context can bring about a moment of illumination.

Rubber duck debugging is related to what psychologists call “incubation.” The best solutions can strike suddenly and unexpectedly when you aren’t actively working on your problem. Think of Archimedes and his Eureka moment.

Idea for Impact: Talking is often a part of thought. After many failed attempts, switching your brain from problem-solving to problem-explaining—even to a cat, parent, sympathetic coworker, or somebody who may not know much about whatever it is that’s bothering you—can break you free from fixation and trigger creative breakthroughs.

Hat tip to reader Nick Ashcroft.

Inspirational Quotations #873

December 27, 2020 By Nagesh Belludi

Better one word less than one too many.
—Maltese Proverb

A cherefull look makes a dish a feast.
—George Herbert (Welsh Anglican Poet)

Enlightenment must come little by little—otherwise it would overwhelm.
—Idries Shah (Indian-born Sufi Author)

Whatever your grade or position, if you know how and when to speak, and when to remain silent, your chances of real success are proportionately increased.
—Ralph C. Smedley (Founder of Toastmasters)

The kindest and the happiest pair, will find occasion to forbear; find something every day they live, to pity, and perhaps forgive.
—William Cowper (English Anglican Poet)

The winning team has a dedication. It will have a core of veteran players who set the standards. They will not accept defeat.
—Merlin Olsen (American Sportsman)

Don’t simply retire from something; have something to retire to.
—Harry Emerson Fosdick (American Baptist Minister)

The important thing is to know how to take all things quietly.
—Michael Faraday (British Physicist, Chemist)

The moral virtues, without religion, are but cold, lifeless, and insipid; it is only religion which opens the mind to great conceptions, fills it with the most sublime ideas, and warns the soul with more than sensual pleasures.
—Joseph Addison (English Poet, Playwright, Politician)

One swallow does not make a summer, but one skein of geese, cleaving the murk of March thaw, is the Spring.
—Aldo Leopold (American Conservationist)

Happy is he who still loves something he loved in the nursery: he has not been broken in two by time; he is not two men, but one, and he has saved not only his soul but his life.
—G. K. Chesterton (English Journalist)

If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
—Warren Buffett (American Investor)

Inspiration is a slender river of brightness leaping from a vast and eternal knowledge, it exceeds reason more perfectly than reason exceeds the knowledge of the senses.
—Sri Aurobindo (Indian Mystic, Philosopher, Poet)

He who is prepared for the future and he who deals cleverly with any situation that may arise are both happy; but the fatalistic man who wholly depends on luck is ruined.
—Chanakya Neeti (Anthology of Indian Aphorisms)

Hard work is the key to success, so work diligently on any project you undertake. If you truly want to be successful, be prepared to give up your leisure time and work past 5 PM and on weekends. Also, have faith in yourself. If you come up with a new idea that you believe in, don’t allow other people to discourage you from pursuing it.
—Charles Lazarus (American Entrepreneur)

Adaptivity via Self-Directed Learning

More Will Be Now on You

Idea for Impact: Own Your Learning

Wondering what to read next?

Time in the Market is a Great Compounder.

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Intentions dig into the WHY

Idea for Impact: Set Intentions Instead of Yearly Resolutions

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