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Ideas for Impact

Archives for March 2021

This Hack Will Help You Think Opportunity Costs

March 29, 2021 By Nagesh Belludi Leave a Comment

Making decisions is all about opportunity costs. For instance, every time you spend money to get something, you should ask yourself what else, perhaps of better value, you could get with that money—now or later.

The problem is, when forced to choose between something immediate and concrete and something else that’s comparatively abstract and distant, the opportunity cost could lack clarity.

Duke University behavioral economist Dan Ariely proposes the notion of “anti-goals” to help examine the trade-offs you’re forced to make. Ariely encourages pairing goals such that if you satisfy one, you’ll impede the other. For example, when choosing to spend $100 on an evening out today, you can consider a tangible anti-goal—say, saving for the family’s summer vacation—that’ll be held back.

Idea for Impact: Thinking about what you want to avoid—the anti-goal—is a potent tool. It allows you to focus on things that really matter.

Wondering what to read next?

  1. Everything in Life Has an Opportunity Cost
  2. Master the Middle: Where Success Sets Sail
  3. Steering the Course: Leadership’s Flight with the Instrument Scan Mental Model
  4. The Simple Life, The Good Life // Book Summary of Greg McKeown’s ‘Essentialism’
  5. What Happens When You Talk About Too Many Goals

Filed Under: MBA in a Nutshell, Mental Models, Sharpening Your Skills Tagged With: Balance, Decision-Making, Discipline, Goals, Negotiation, Problem Solving, Risk, Simple Living, Targets

Inspirational Quotations #886

March 28, 2021 By Nagesh Belludi

A guilty conscience needs no accuser.
—Philippine Proverb

Without self knowledge, without understanding the working and functions of his machine, man cannot be free, he cannot govern himself and he will always remain a slave.
—Georges Gurdjieff (Armenian Spiritual Leader)

In a bad marriage, friends are the invisible glue. If we have enough friends, we may go on for years, intending to leave, talking about leaving—instead of actually getting up and leaving.
—Erica Jong (American Novelist, Poet)

To play it safe is not to play.
—Robert Altman (American Film Director)

Not only do we have a right to know, we have a duty to know what our Government is doing in our name. If there’s a criticism to be made today, it’s that the press isn’t doing enough to put the pressure on the government to provide information.
—Walter Cronkite (American Television Journalist)

The proper memory for a politician is one that knows what to remember and what to forget.
—John Morley, 1st Viscount Morley of Blackburn (British Statesman)

If a person never contradicts himself, it must be that he says nothing.
—Miguel de Unamuno (Spanish Philosopher, Writer)

Parents learn a lot from their children about coping with life.
—Muriel Spark (Scottish Novelist, Poet)

We know only four boring people. The rest of our friends we find very interesting. However, most of the friends we find interesting find us boring: the most interesting find us the most boring. The few who are somewhere in the middle, with whom there is reciprocal interest, we distrust: at any moment, we feel, they may become too interesting for us, or we too interesting for them.
—Lydia Davis (American Author)

No great advance has ever been made in science, politics, or religion, without controversy.
—Lyman Beecher (American Presbyterian Clergyman)

It has been rightly said that nothing is unimportant, nothing powerless in the universe; a single atom can dissolve everything, and save everything! What terror! There lies the eternal distinction between good and evil.
—Gerard de Nerval (French Poet, Writer)

When wars do come, they fall upon the many, the producing class, who are the sufferers.
—Ulysses S. Grant (American Head of State)

Healthy children will not fear life if their elders have integrity enough not to fear death.
—Erik Erikson (German-born American Psychoanalyst)

Attention is our first duty whenever we want to know what is our second duty. There is no such cause of confusion and worry about what we ought to do, and how to do it, as our unwillingness to hear what God would tell us on that very point.
—Henry Clay Trumbull (American Clergyman)

Filed Under: Inspirational Quotations

Witty Comebacks and Smart Responses for Nosy People

March 25, 2021 By Nagesh Belludi Leave a Comment

When somebody asks an invasive question that makes you feel offended, you’re never obligated to respond. Consider these smart responses.

  • A curious cousin: “I like your car/purse/home. How much did it cost?” Smart response: “Perhaps a tad more than I expected, but I like to pamper myself once in a while.”
  • Your inquisitive uncle: “How much do you make at this new job?” Smart response: “I do OK” or “I’d like to make more.”
  • Your snoopy coworker: “What was your doctor’s appointment for?” or “I heard you called in sick yesterday?” Smart response: “I’m just fine. Thanks for asking.”
  • The chatty visitor: “You’ve accomplished so much for your age! What are you? 30?” Smart response: “Still young at heart” or “I’m aging fast just thinking about it.”
  • A sneaky partier trying to estimate your age: “When did you graduate from high school?”Smart response: “When I heard Lucille Ball remark that a “man who correctly guesses a woman’s age may be smart, but he’s not very bright.””
  • A zealous coworker who can’t stop talking about God: “What do you do on Sunday mornings?” Smart response: “I do non-work things.”
  • An office busy body suggests a date: “Do you think you could ask her out? I know she’s single.” Smart response: “I don’t know. I’d have to think about mixing work and relationships .”
  • A prying friend: “When are you getting married?” or “Are you guys trying for a baby?” Smart response: “I’m kinda private and would rather not talk about this.”
  • A wanna-be Judge Judy wants to solve your parents’ problems: “When are you going to move out of your parents? When will you get a real job?”Smart response: “When my parents start talking to me about it directly.”
  • An intrusive colleague who’s just learned you’re getting married: “Are you going to invite the deputy manager?” Smart response: “It’s up to me and my fiance.” You could add, “Actually, we’re having a small wedding. Just family and a few close friends.”
  • A nosy new neighbor: “What heritage are you? I mean, are you mixed race?” Smart response: “Good question. I’d like to remain mysterious.”
  • A perky lady in your yoga class: “You look great, how much do you weigh?” or “Have you lost weight this summer?” Smart response: “I don’t know—each time I step on the scale, it reads, PERFECT.”
  • A snooping friend asks you to share a secret: “What were you and Sally nattering about?” Smart response: “Can you keep a secret?” and when your friend says “yes,” sneer and say, “So can I!”

You can try to redirect the attention or leave the conversation by saying: “Let me refill my drink.” But some people just don’t get a deflection.

Responding snappishly but firmly will imply that that the issue is not open for further conversation. “Why do you need to know that about me?” or “Why do you ask?”

If somebody continues to badger you, assert, “it’s personal and I won’t discuss it. Please stop asking.” Be as concise as possible. You shouldn’t feel compelled to give an explanation or justify your unwillingness to talk about sensitive matters.

Idea for Impact: Don’t Feel Rude about Quelling Impolite Boundary-Violators

Most meddlesome people often lack self-awareness. Others may just be making friendly conversation and may not realize that they’re being tactless and prying. Yet others tend to over-share the personal and inappropriate details of their lives and assume it’s OK to expect you to too. We live in a “do ask, do tell” society.

Often, though, people just assume enough rapport to be able to ask delicate questions. Spending some time with friends and coworkers creates a false sense of affability and trust that really isn’t there. We’ve all made that mistake!

Wondering what to read next?

  1. Here’s How to Improve Your Conversational Skills
  2. You Always Have to Say ‘Good’
  3. How Small Talk in Italy Changed My Perspective on Talking to Strangers
  4. Avoid Trigger Words: Own Your Words with Grace and Care
  5. How to … Gracefully Exit a Conversation at a Party

Filed Under: Effective Communication, Managing People, Sharpening Your Skills Tagged With: Conflict, Conversations, Etiquette, Getting Along, Likeability, Networking, Social Life, Social Skills

Three Lessons from Clayton Christensen’s ‘How Will You Measure Your Life?’

March 22, 2021 By Nagesh Belludi Leave a Comment

Each term, on the last day of his management class, Harvard strategy professor Clayton M. Christensen had the habit of asking his students to apply the principles of management business to their personal lives.

'How Will You Measure Your Life' by Clayton M. Christensen (ISBN 0062102419) “Don’t reserve your best business thinking for your career,” he would push them to ask the difficult questions and pursue purpose and meaning in their careers and their personal lives.

Toward the end of his life, after suffering a stroke and contracting cancer, Christensen published a Harvard Business Review article, which he expanded as How Will You Measure Your Life (2012.) This New York Times bestseller struck a chord with many business leaders, especially in favor of Christensen’s reflections on pursuing fulfillment.

Lesson #1: Don’t over-invest in work or under-invest in relationships.

Christensen talks about various motivators at work and encourages you to think about how you want to be remembered. He argues that ultimately your most significant sources of joy in life will be your family and your close friends. Devote time to these relationships, and they’ll enrich your life:

The relationships you have with family and close friends are going to be the most important sources of happiness in your life. But you have to be careful. When it seems like everything at home is going well, you will be lulled into believing that you can put your investments in these relationships on the back burner. That would be an enormous mistake. By the time serious problems arise in those relationships, it often is too late to repair them.

Lesson #2: Don’t lose track of the essential things. Allocate resources appropriately.

Christensen recalls some of his business school classmates entered the school with a noble cause—many of them wanted to change the world. But when they graduated with student debt, they took jobs for money to pay off their debts. And that was just going to be a temporary thing. But, over time, they got caught up in their careers, making money and chasing possessions. Their original pursuit of the noble cause petered out and, along the way, they lost track of what was important in their lives.

Christensen encourages building and implementing strategies in your career and your personal life to achieve your goals. The underlying tenet of that success is how you allocate your time, money, and other resources. How you spend these resources will determine your life’s outcomes.

How you allocate your resources is where the rubber meets the road. Real strategy—in companies and in our lives—is created through hundreds of everyday decisions about where we spend our resources. As you’re living your life from day to day, how do you make sure you’re heading in the right direction? Watch where your resources flow. If they’re not supporting the strategy you’ve decided upon, then you’re not implementing that strategy at all.

Lesson #3: “Decide what you stand for. And then stand for it all the time.”

Three lessons from Clayton Christensen's 'How Will You Measure Your Life?' Christensen tells a story from his college days when he played university basketball. His team worked hard all season and made it to the finals of some big tournament. The championship game was scheduled on a Sunday. For Christensen, a deeply religious Mormon, playing on the Sabbath (the “seventh day”) was against his religious beliefs.

Christensen did not comply with the coach’s demand to break the Sabbath statute “just this one time” for the big game. Christensen did not want to violate his religious principles. His team won the tournament anyway.

Because life is just one unending stream of extenuating circumstances. Had I crossed the line that one time, I would have done it over and over and over in the years that followed. … Many of us have convinced ourselves that we are able to break our own personal rules “just this once.” In our minds, we can justify these small choices. None of those things, when they first happen, feels like a life-changing decision. The marginal costs are almost always low. However, each of those decisions can roll up into a much bigger picture, turning you into the kind of person you never wanted to be. If you give in to “just this once,” based on a marginal-cost analysis, you’ll regret where you end up. It’s easier to hold to your principles 100 percent of the time than it is to hold to them 98 percent of the time.

Idea for Impact: Intentionally choose the kind of person you want to become. Commit to that path.

Read Clayton M. Christensen’s How Will You Measure Your Life (2012.) It’s not a long book—perhaps overly worded in parts—but it’s a intense and thought-provoking book.

Christensen and his co-authors don’t provide answers. Instead they present guiding principles that make you put things in perspective and help you become intentional about building a contented life. The parallels between running a successful business and running life are worthwhile.

Wondering what to read next?

  1. Buddhism is Really a Study of the Self
  2. What Do You Want to Be Remembered for?
  3. Two Questions for a More Intentional Life
  4. The Dance of Time, The Art of Presence
  5. What Is the Point of Life, If Only to Be Forgotten?

Filed Under: Living the Good Life Tagged With: Legacy, Life Plan, Life Purpose, Meaning, Philosophy, Questioning

Inspirational Quotations #885

March 21, 2021 By Nagesh Belludi

Our culture is ill-equipped to assert the bourgeois values which would be the salvation of the under-class, because we have lost those values ourselves.
—Norman Podhoretz (American Political Activist)

Holding on to conditional beliefs about how people should behave toward you because of all you do for them will only set you up to feel disappointment, anger, and resentment to people in particular as well as disillusionment about others in general.
—Harriet B. Braiker (American Psychologist)

Listening to someone talk isn’t at all like listening to their words played over on a machine. What you hear when you have a face before you is never what you hear when you have before you a winding tape.
—Oriana Fallaci (Italian Journalist)

Even the worst artist that ever was, even a one-eyed mental deficient with the shakes in both hands who sets out to paint the chicken-house, can enjoy the first stroke. Can think, By God, look what I’ve done. A miracle. … Must be one of the keenest pleasures open to mankind. It’s certainly the greatest an artist can have. It’s also the only one. And it doesn’t last long, usually about five minutes.
—Joyce Cary (English Novelist)

Revolution is a serious thing, the most serious thing about a revolutionary’s life. When one commits oneself to the struggle, it must be for a lifetime.
—Angela Davis (American Political Activist)

Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them. With Major Major it had been all three.
—Joseph Heller (American Novelist)

The woman who first gives life, light, and form to our shadowy conceptions of beauty, fills a void in our spiritual nature that has remained unknown to us till she appeared.
—Wilkie Collins (English Novelist, Playwright)

Creative people who can’t help but explore other mental territories are at greater risk, just as someone who climbs a mountain is more at risk than someone who just walks along a village lane.
—R. D. Laing (British Psychiatrist)

Reading makes immigrants of us all. It takes us away from home, but more important, it finds homes for us everywhere.
—Jean Rhys (British Novelist)

When your children are teenagers, it’s important to have a dog so that someone in the house is happy to see you.
—Nora Ephron (American Filmmaker)

Satiety is a mongrel that barks at the heels of plenty.
—Minna Antrim (American Writer, Epigrammist)

By doing good deeds all the time, the mind gets purified. Such a pure mind devoid of any bad thoughts is like a temple in itself.
—Subhashita Manjari (Sanskrit Anthology of Proverbs)

Filed Under: Inspirational Quotations

Five Ways … You Could Avoid Being Wrong

March 20, 2021 By Nagesh Belludi Leave a Comment

  • Beware exaggeration of a kernel of truth. For instance: indeed, many of us don’t realize our full intellectual potential; but that doesn’t give credence to the notion that most people use only 10% of their brainpower. Besides, beware of overstatements of small differences. Sure, men and women tend to differ somewhat in their communication styles, but declaring that “men are from Mars” and “women are from Venus” is taking a kernel of reality to an extreme, not to mention coercing psychology into stereotypes.
  • Don’t infer causation from correlation. Don’t be tempted to conclude that if two things co-occur statistically, they must be causally related to each other. (Rabbi Harold Kushner once asserted that circumcision seems to increase men’s chances of winning a Nobel Prize.) Seek contending explanation.
  • Beware biased sampling and extrapolation. Inferences from a biased sample are not as trustworthy as conclusions from a truly random sample—e.g., don’t ask people coming out of Sunday Mass if they have a personal relationship with Jesus Christ and infer that Americans are turning to God. Don’t ascribe to the whole any attribute of the part.
  • Don’t let stress impair your problem-solving capabilities. As many airline disasters confirm (example, example, example,) speed can narrow your cognitive map—small errors can quickly become linked up and amplified into disastrous outcomes. When you feel rushed, you’re likely to miss details. You’re not present enough in the moment to notice what’s important and make the most beneficial choices.
  • Beware argumentum ad nauseam. Don’t confuse a statement’s familiarity (such as urban legends) with its accuracy. The fact that you’ve heard a claim repeated over and over again (think of President Trump’s allegations of widespread voter fraud,) sometimes with rearranged phrasing and substitute terms, doesn’t make it correct.

Bonus: Be suspicious of any claim that doesn’t come with counterarguments or disconfirming evidence.

Wondering what to read next?

  1. Be Smart by Not Being Stupid
  2. How to … Escape the Overthinking Trap
  3. Accidents Can Happen When You Least Expect Them: The Overconfidence Effect
  4. If You’re Looking for Bad Luck, You’ll Soon Find It
  5. Lessons from David Dao Incident: Watch Out for the Availability Bias!

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Biases, Critical Thinking, Decision-Making, Risk

Five Ways … You Could Be More Optimistic

March 19, 2021 By Nagesh Belludi Leave a Comment

  • Manage negative emotions and yourself. People who lack the capacity to withstand psychological distress such as anger, fear, frustration, and sadness are at a marked disadvantage in life.
  • Let go of sunk costs. Don’t become stuck with poor decisions hoping that they will eventually work out in your favor. Cut your losses when something’s not working for you. Too much persistence can often be bad.
  • Stop thinking in absolutes. Shun blind optimism. Discard the myth of perfection. Even the most optimistic outlook may do little good without realism and flexibility. Learn to accept and forgive—there’s good and bad in all individuals and things.
  • Do without the word ‘should.’ Instead of telling yourself, “I should have finished that task last week,” substitute the word ‘could.’ Realize you have the option of exercising your own choice.
  • Practice gratitude. Make a list of all the people and things in your life for which you are grateful. Reflect on the richness of the events and relationships that have enhanced your life. Recognizing that you are deserving of all these good things will make you feel good about who you are and what you’ve done.

Bonus: Give yourself time to feel good. When you reach a goal, allow for a period of celebration before taking on the next goal. Treating yourself occasionally, but avoid escapism.

Wondering what to read next?

  1. Don’t Be So Hard on Yourself
  2. Blame Your Parents for Your Current Problems?
  3. Seven Ways to Let Go of Regret
  4. The Power of Negative Thinking
  5. Don’t Fight the Wave

Filed Under: Living the Good Life, Sharpening Your Skills Tagged With: Adversity, Attitudes, Emotions, Introspection, Mindfulness, Regret, Resilience

Five Ways … You Could Elevate Good to Great

March 18, 2021 By Nagesh Belludi Leave a Comment

  1. Don’t be too self-critical. If you must dissect your faults, do so with a mirror, not a magnifying glass. For instance, reframe “I’m buried in debt” as “I owe $800 on credit cards and $10,000 in student loans.”
  2. Set easy-to-meet, incremental goals. You’ll feel so good about the results that taking the next step will be much easier. The best plans are only good intentions unless you set deadlines for yourself and achieve results. Keep a written list of all your accomplishments, however small, and celebrate your progress.
  3. Don’t try to do everything. Continuous learning on a few areas will help you pin down and sharpen the essential skills to move up.
  4. Make the most of mentors. Bring together a range of experts and tap into their knowledge and experience. Watch and learn how those you admire got to where they are now. Take responsibility for your own development and placement. Map out your own journey.
  5. Seek out opportunities. Join cross-team projects. Get involved with all aspects of your job. Keep your eyes and ears open to everything up for grabs. Ask for what you want and take risks—you’ll accomplish more and feel good about being brave.

Bonus: Come to terms with your limitations and deal with problems deftly before they metastasize.

Wondering what to read next?

  1. Some Lessons Can Only Be Learned in the School of Life
  2. How to … Be More Confident at Work
  3. Hitch Your Wagon to a Rising Star
  4. Beware of Advice from the Superstars
  5. Reverse Mentoring: How a Younger Advisor Can Propel You Forward

Filed Under: Career Development, Sharpening Your Skills Tagged With: Getting Ahead, Learning, Mentoring, Personal Growth, Role Models, Skills for Success, Winning on the Job

Five Ways … You Could Prevent Clutter in the First Place

March 17, 2021 By Nagesh Belludi Leave a Comment

  1. Go paperless. Arrange for electronic delivery of all your bills and bank statements. Organize important papers into a filing system. Gather anything you want to keep for future reference and scan it to a computer. Shred or recycle the rest.
  2. Look out for clutter magnets, those areas of your home or office that become enticements for clutter: the kitchen counters, the dining-room table, the chest in the hallway, a chair in the bedroom, and the ‘floordrobe.’ Place a crate near your closet where discarded garments can land until they can be sorted.
  3. Turn down freebies. Before taking commemorative swag at a conference or nabbing hotel toiletries, consider if they’re things you’ll actually use or if they’ll become yet other objects that you’ll have to make space for.
  4. Have a spot for everything. Store related objects together—that’ll spare you the pain of figuring out where things should go, and you can see if there’re already two or more of each item.
  5. Institute a 15-minute quick tidy-up routine every night. Clear the kitchen counter, fold and put away laundry, and toss out the garbage. Save a whole lot of time when it comes to the weekend or deep-cleaning days.

Bonus: Clean-as-you-go throughout the day. Little clean-up routines can make your mind clearer and the time you spend with your loved ones less fraught.

Wondering what to read next?

  1. How to … Make a Dreaded Chore More Fun
  2. How to … Combat Those Pesky Distractions That Keep You From Living Fully
  3. Get Unstuck and Take Action Now
  4. A Guaranteed Formula for Success: Identify Your #1 Priority and Finish It First
  5. Everything in Life Has an Opportunity Cost

Filed Under: Living the Good Life, Sharpening Your Skills Tagged With: Clutter, Discipline, Motivation, Procrastination, Simple Living, Time Management

Five Ways … You Could Stop Procrastinating

March 16, 2021 By Nagesh Belludi Leave a Comment

  1. Don’t rely on motivation. Motivation is fleeting—it comes and goes. While it is advantageous to be motivated, the folks who get things done are those who find a way to work at whatever they are interested in, even when they don’t really feel like doing it.
  2. Banish your inner perfectionist. Remember that many things in your life need not be done perfectly—they’re to be just done … taken to a little bit better shape than before at each baby step. Whatever you need to work on just needs to be an outline, first attempt, rough copy, version 0. It needn’t be perfect.
  3. Picture the future self when you’ve achieved your goals. Figure out the finish line you are aiming at. Visualize what “done” looks like—a sense of achievement? Fame? Getting your co-worker off your back?
  4. Confront your fears. Figure out the underlying cause for procrastination. If it’s fear or if you’re failing overwhelmed, challenge the worst-case scenario by asking yourself, “What’s the worst thing that could happen?” Perhaps you may discover that you’re procrastinating over something that isn’t that important.
  5. Trick yourself into getting started. Say, “I’m not really going to work on this now. I’ll just open the report and make some notes for two minutes.” Beginning a task builds momentum, and seemingly-difficult tasks tend to get easier once you get working on them.

Bonus: Stop trying too hard to overpower yourself into action. Sometimes, getting those other, less-important tasks done first could motivate you.

Wondering what to read next?

  1. How to Banish Your Inner Perfectionist
  2. Did School Turn You Into a Procrastinator?
  3. Separate the Job of Creating and Improving
  4. Why Doing a Terrible Job First Actually Works
  5. Just Start

Filed Under: Mental Models, Sharpening Your Skills Tagged With: Discipline, Getting Things Done, Lifehacks, Motivation, Perfectionism, Procrastination, Time Management

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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