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The Best Way to Achieve Success is to Visualize Successful Outcomes

October 7, 2021 By Nagesh Belludi Leave a Comment

The Power Of Visualization And How To Use It

What athletes think about has a profound effect on how they perform—both negatively and positively. American sportswriter George Plimpton’s Sports! (1978) identifies the “self-satisfying optimism” that permeated the mind of soccer star Pel? under the stress of contest:

In the New York Cosmos’ locker room, it was Pel?’s ritual to lie on the floor with his feet elevated on a bench, one towel neatly folded under his head, another shielding his eyes. Half in, half out of his cubicle, he would begin a sort of waking dream—pleasurable scenes of playing barefoot on Brazilian beaches, playbacks of triumphs of his astonishing career that he planned to emulate. The more important the game, the longer his dream. On the occasion of the first huge crowd the Cosmos drew in New Jersey’s Meadowlands—62,394 people—he spent 25 minutes under his towel and then scored three goals against the Tampa Bay Rowdies.

Idea for Impact: Foreseeing yourself succeed helps you believe that it can happen.

Before you meet with a new sales prospect or when you’re procrastinating on any daunting task, take some time to imagine richly what you will see, taste, hear, smell, and feel once you’re successful.

Use the power of visualization to evoke the future self, who’s achieved your goals. See in your mind’s eye the finish line you’re aiming at.

Visualize what “done” looks like. Imagine the sense of achievement. Envision the relief of being finished. See the fame, rewards, accolades, awards, adulation, satisfaction you’ll receive in your mind’s eye.

Imagine taking action.

Visualize achieving your goal.

Now make it happen.

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Filed Under: Great Personalities, Living the Good Life, Mental Models Tagged With: Assertiveness, Attitudes, Discipline, Motivation, Skills for Success, Winning on the Job

The Political Genius of Abraham Lincoln // Book Summary of ‘Team of Rivals’

October 5, 2020 By Nagesh Belludi Leave a Comment

Abraham Lincoln is one of history’s most admired leaders. There’s no better rendering of his leadership approach than historian Doris Kearns Goodwin’s fascinating Team of Rivals: The Political Genius of Abraham Lincoln (2005.)

In this Pulitzer Prize-winning work, Goodwin chronicles Lincoln’s early life and his surprising rise to the top of the political world. However, Goodwin’s focus is on Lincoln’s presidency.

President Barack Obama, who never shies away from comparisons to Lincoln, was so impressed with the book that he famously created his own “team of rivals”—a cabinet with Joe Biden, Hillary Clinton, and Tom Vilsack.

Lincoln was a genius for putting his political foes in his cabinet

'Team of Rivals' by Doris Kearns Goodwin (ISBN 0684824906) After Lincoln was elected president in 1860, he knew that people doubted his ability. The country couldn’t be in worse straits. Nonetheless, he was determined to bring together a team of the absolute best people, lead the nation through the Civil War, and put an end to slavery.

And he did precisely that—no matter that those people held very different views or even disliked him personally. Three of Lincoln’s prominent cabinet members were better-known political foes who had campaigned against him in the 1860 election: Attorney General Edward Bates, Secretary of the Treasury Salmon P. Chase (he never stopped scheming politically against Lincoln,) and Secretary of State William H. Seward. Contrasting his three rivals, Lincoln had served only briefly in elected office—and he had steered clear of committing himself on slavery apart from asserting that America could not persist under the circumstances.

Lincoln’s political genius revealed through his extraordinary array of personal qualities that enabled him to form friendships with men who had previously opposed him; to repair injured feelings that, left untended, might have escalated into permanent hostility; to assume responsibility for the failures of subordinates; to share credit with ease; and to learn from mistakes. He possessed an acute understanding of the sources of power inherent in the presidency, an unparalleled ability to keep his governing coalition intact, a tough-minded appreciation of the need to protect his presidential prerogatives, and a masterful sense of timing.

Goodwin explains how Lincoln won people over and mobilized them in the face of their disparate abilities, personalities, and motivations. Lincoln created the micro-coalitions necessary to pursue his overall strategy.

Having risen to power with fewer privileges than any of his rivals, Lincoln was more accustomed to rely upon himself to shape events. … Seward, Chase, Bates—they were indeed strong men. But in the end, it was the prairie lawyer from Springfield who would emerge as the strongest of them all.

Lincoln was a genius for putting his political foes in his cabinet

Conflict and inclusion of others’ perspectives can make the sum greater than the parts

Lincoln’s unusual combination of forgiving human spirit and sharp political instincts converted his enemies into (mostly) loyal friends and advisers.

Team of Rivals emphasizes Lincoln’s tactics and small, incremental decisions in aid of his larger purpose. Lincoln understood that the leader’s fundamental responsibility is to procure the support needed to unleash ideas and move them forward.

Goodwin captures Lincoln’s vulnerabilities, patience, intelligence, and fantastic will. Goodwin writes, “Good leadership requires you to surround yourself with people of diverse perspectives who can disagree with you without fear of retaliation.” A good leader takes the time to understand all sides of the issue and embrace alternative perspectives.

Lincoln’s mastery of men molded the most significant presidency in the nation’s history

To Goodwin, Lincoln was a political genius who picked the talent he needed, welcomed dissent, listened to his opponents, sought common ground, and piloted tough choices.

“Once a president gets to the White House, the only audience that is left that really matters is history.” Lincoln understood that leadership isn’t about being right, but doing the right thing. This is particularly obvious in how Goodwin describes Lincoln’s determined course of action on slavery.

Abraham Lincoln is one of history's most admired leaders - Team of Rivals Team of Rivals states that Lincoln was not an abolitionist by any means, but it’s clear that, in his heart, he was against slavery. After all, slavery was protected by the constitution. But Lincoln gained a better understanding and insight as the years went by. “Life was to him a school.”

Lincoln agreed with the abolitionists that slavery was “a moral, a social and a political wrong,” his plan to free the slaves divided his cabinet. He had always made it clear that preserving the Union trumped all other goals. He became increasingly aware of the need for the Union to embrace the end of the institution of slavery without creating further discord within his own administration and in a fractured state.

Lincoln’s political genius was not simply his ability to gather the best men of the country around him, but to impress upon them his own purpose, perception and resolution at every juncture.

For months, Lincoln let his cabinet deliberate about if—and when—slavery should be abolished. In the end, he conclusively made up his mind to issue his historic Emancipation Proclamation. He gathered his cabinet and told them that he no longer needed their inputs on the pivotal issue—but he would listen to their ideas about how best to implement his decision and its timing. When one cabinet member urged Lincoln to wait for a triumph on the field to issue the proclamation, Lincoln took his counsel.

The desultory talk abruptly ended when Lincoln took the floor and announced he had called them together in order to read the preliminary draft of an emancipation proclamation. He understood the ‘differences in the Cabinet on the slavery question’ and welcomed their suggestions after they heard what he had to say; but he wanted them to know that he ‘had resolved upon this step, and had not called them together to ask their advice.’ … His draft proclamation set January 1, 1863, little more than five months away, as the date on which all slaves within states still in rebellion against the Union would be declared free, ‘thenceforward, and forever.’ … The proclamation was shocking in scope. In a single stroke, it superseded legislation on slavery and property rights that had guided policy in eleven states for nearly three quarters of a century. … The cabinet listened in silence … The members were startled by the boldness of Lincoln’s proclamation.

‘Team of Rivals’ is one of the great leadership books

Goodwin’s chunky (750+ pages plus references) book is a serious commitment. The first third of the book is bogged down by particulars of the lives of Lincoln and his three “rivals” in local and regional politics. But these sections are worth plodding through because the backstories paint a richer picture of the personalities, their intentions and motivations, and how they evolved over time.

All four studied law, became distinguished orators, entered politics, and opposed the spread of slavery. Their upward climb was one followed by many thousands who left the small towns of their birth to seek opportunity and the adventure in the rapidly growing cities of a dynamic, expanding America.

Just as a hologram is created through the interference of light from separate sources, so the lives and impressions of those who companioned Lincoln give us a clearer and more dimensional picture of the president himself. Lincoln’s barren childhood, his lack of schooling, his relationships with male friends, his complicated marriage, the nature of his ambition, and his ruminations about death can be analyzed more clearly when he is placed side by side with his three contemporaries.

Russian novelist Leo Tolstoy called Lincoln, “so great he overshadows all other national heroes.” In the closing pages of Team of Rivals, Goodwin quotes Tolstoy (mentioned by Count S. Stakelberg per New York World on February 7, 1909):

Lincoln’s supremacy expresses itself altogether in his peculiar moral power and in the greatness of his character. … We are still too near to his greatness, but after a few centuries more our posterity will find him considerably bigger than we do. His genius is still too strong and too powerful for the common understanding, just as the sun is too hot when its light beams directly on us.

Recommendation: ‘Team of Rivals’ is a Necessary Read

Goodwin’s Team of Rivals: The Political Genius of Abraham Lincoln (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. Particularly poignant is Goodwin’s characterization of Lincoln as the stoic head of a family afflicted by death and depression.

'Lincoln' by Steven Spielberg (ISBN B00BOLE7X0) What makes Team of Rivals such a rich experience is Goodwin’s powerful lessons on bridging differences of opinion and using diverse perspectives to lead more effectively. These themes on leadership are very relevant outside the historical context.

Complement with Steven Spielberg’s remarkable Lincoln (2012,) which was inspired by Team of Rivals. Actor Daniel Day-Lewis won his third Best Actor Oscar for his masterful portrayal of Lincoln.

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Transformational Leadership Lessons from Lee Kuan Yew, Singapore’s Founding Father

June 24, 2019 By Nagesh Belludi 2 Comments

Almost all leaders take office with an ambitious vision for their country or their organization, but only a few ever succeed in transforming that vision into reality. Lee Kuan Yew (1923–2015,) the architect of modern Singapore, was one of them.

Leadership Lessons from Lee Kuan Yew, Singapore's Founding Father

Lee was one of the most competent leaders the world has ever seen. An incorruptible Cambridge-educated lawyer, he was an autocratic pragmatist—a strong-willed, visionary leader who “got it done.” Under his leadership, Singapore metamorphosed itself from a tropical backwater with few natural resources to a first-world metropolis in just one generation. Today, Singapore’s per-capita GDP in terms of Purchasing Power Parity is the third highest in the world.

There is also a darker side to the Singapore story, however. The island-nation’s prosperity came at the cost of a rather authoritarian style of government that sometimes infringed on civil liberties. In a 1986 National Day Rally, Lee defended,

I am often accused of interfering in the private lives of citizens. Yes, if I did not, had I not done that, we wouldn’t be here today. And I say without the slightest remorse, that we wouldn’t be here, we would not have made economic progress, if we had not intervened on very personal matters—who your neighbour is, how you live, the noise you make, how you spit, or what language you use. We decide what is right. Never mind what the people think.

Singapore is not quite a dictatorship, but neither is it a full democracy. Its political system is skewed to let Lee’s party dominate the country’s polity. In an interview with CNN’s Fareed Zakaria, Lee asserted, “It is not the business of the government to enable the opposition party to overturn us.”

'The Singapore Story' by Lee Kuan Yew (ISBN 9780060197766) A vast majority of Singaporeans today will overlook these civil-liberty concerns in the context of the country’s socio-political stability, public security, world-leading and affordable healthcare, free education, good housing for all, and high employment.

Singapore’s spectacular success is accepted as evidence, sometimes lamentably as justification, as with Rwanda’s Paul Kagame, that a vibrant economy and sustained prosperity could blossom only under a totalitarian government. Singapore’s achievement is not likely replicable in its entirety elsewhere.

Over the last several months, I’ve read a few biographies and evaluations of Lee and his political leadership, including the memoirs The Singapore Story: From Third World to First (1998) and One Man’s View of the World (2013.) Here are a few key leadership lessons that Lee had to teach.

Vision, structure, and determination are paramount to efficacious leadership. Lee was a brilliant, clear-eyed, far-sighted statesman. Singapore’s political stability, rapid economic growth, and its raising affluence between 1959 and 1990 were not accidental, but the result of his dynamic leadership and disciplined social engineering. In The Singapore Story (1998,) he writes, “The task of the leaders must be to provide or create for them a strong framework within which they can learn, work hard, be productive and be rewarded accordingly. And this is not easy to achieve.”

Leadership entails tough, unpopular decisions. Lee was not afraid of being out of favor. “I have never been overconcerned or obsessed with opinion polls or popularity polls. I think a leader who is, is a weak leader. If you are concerned with whether your rating will go up or down, then you are not a leader. You are just catching the wind … you will go where the wind is blowing. And that’s not what I am in this for.” He famously forbade the sale of chewing gum to keep Singapore’s streets clean. He maintained capital punishment and caning. Singapore’s vandalism rules drew worldwide attention in 1994 when American teenager Michael Fay was caned for damaging cars and public property, in spite of appeals for clemency from the US media and government, including then-President Bill Clinton.

'One Man's View of the World' by Lee Kuan Yew (ISBN 9814642916) The litmus test of great leadership is results that matter. Many take issue with Lee’s methods, but few dispute the results he achieved. He was a pragmatist with devotion to no particular ideology. He once contemplated, “I was never a prisoner of any [socio-political] theory. What guided me were reason and reality. The acid test I applied to every theory or scheme was: Would it work?” and “The acid test is in performance, not promises.”

Nurture a meritocracy. Lee’s commitment to meritocracy is a hallmark of Singapore’s national identity—social mobility is rooted in hard work and contribution regardless of ethnic differences. He devoted resources to cultivate an excellent education and health system, and developed a high-quality teacher workforce—all to maximize people’s potential. According to Lee Kuan Yew: The Man and His Ideas (1998,) he wrote, “It is possible to create a society in which everybody is given not equal rewards, but equal opportunities, and where rewards vary not in accordance with the ownership of property, but with the worth of a person’s contribution to that society. In other words, society should make it worth people’s while to give their best to the country. This is the way to progress.” In recent years, though, the debate over rising social inequality has led to some reproach of Singapore’s meritocracy.

Attract and retain superior talent; pay them well. A key contributor to the wealth, stability, efficiency, and cleanliness of Singapore is its civil service—it’s one of the most proficient and least corrupt bureaucracies in the world. The government’s transparent policies have been a powerful enticement for people, businesses, and investments. Singapore has some of the highest paid civil servants in the world. The country is not content to let its top graduates all go straight to the private sector, so it pays what it takes to get them. Prime Minister Goh Chok Tong, Lee’s immediate successor, told Singapore’s parliament on 3-Dec-1993, “If we do not pay ministers adequately, we will get inadequate ministers. If you pay peanuts, you will get monkeys for your ministers. The people will suffer, not the monkeys.”

One’s accomplishments become one’s legacy. Having a broad picture of the effect you want to have on the world will help you pinpoint the actions necessary to achieve it. Explaining his legacy, Lee wrote in Hard Truths to Keep Singapore Going (2011,) “I have spent my life, so much of it, building up this country. There’s nothing more that I need to do. At the end of the day, what have I got? A successful Singapore. What have I given up? My life.”

'The Wit and Wisdom of Lee Kuan Yew' by Lee Kuan Yew (ISBN 9789814385282) To judge leaders by their methods alone is to underrate their successes. While considering Lee’s legacy, one needs to acknowledge his achievements while refusing to close one’s eyes to certain lapses. Lee’s many critics considered him authoritarian—he imposed media restrictions and used detention without trial and defamation suits to quash critics of his government. Discussing a political opponent in Lee Kuan Yew: The Man and His Ideas (1998,) Lee justified, “If you are a troublemaker, it’s our job to politically destroy you. … Everybody knows that in my bag I have a hatchet, and a very sharp one. You take me on, I take my hatchet, we meet in the cul-de-sac. That’s the way I had to survive in the past.” Lee was unapologetic about his heavy-handed style of governing, seeing it as necessitous to get Singapore to where it got.

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Choose Your Role Models Carefully

November 17, 2017 By Nagesh Belludi Leave a Comment

Chose Your Role Models Carefully Heroes and role models are very useful—they embody a higher plateau of cognitive and emotional truth, knowledge, and accomplishment that you can aspire to.

But the modern world has a dangerous problem with hero-worship: pop artists, rappers, film stars, sportspersons, capitalists, and so on command attention and affection as never before. This 2013 Financial Times article noted, “Way back in 2008, the three most admired personalities in sport were probably Tiger Woods, Lance Armstrong and Oscar Pistorius. They were portrayed not just as great athletes but as great men, role models….” And all these three popular heroes fell from grace.

While admiring and drawing wisdom, meaning, and inspiration from heroes can be constructive, you must take “hero narratives” with a grain of salt. The Buddha warned us not to trust anybody or anything just because it seems logical or it resonates with our feelings. He advised that we test our hypotheses by the results they yield when put into practice and shield our minds against the risk of biases or other limitations of our ability to discern from our experiences wisely. According to the Kalama Sutta, an aphorism of the historical Buddha that has been preserved orally by his followers (translated from the Pali by the eminent American Buddhist monk and prolific author Thanissaro Bhikkhu,)

Now, Kalamas, don’t go by reports, by legends, by traditions, by scripture, by logical conjecture, by inference, by analogies, by agreement through pondering views, by probability, or by the thought, ‘This contemplative is our teacher.’ When you know for yourselves that, ‘These qualities are skillful; these qualities are blameless; these qualities are praised by the wise; these qualities, when adopted & carried out, lead to welfare & to happiness’—then you should enter & remain in them.

Idea for Impact: Don’t blindly place much faith in today’s experts and celebrities. Realize the truth yourself.

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The Fermi Rule: Better be Approximately Right than Precisely Wrong

August 28, 2017 By Nagesh Belludi 1 Comment

What’s the size of the market for razors in China? How many golf balls does it take to fill a Boeing 747 aircraft? How many piano tuners are there in the world?

Non-standard problems such as these are called “Fermi problems” after the distinguished Italian-American nuclear physicist Enrico Fermi (1901–54.) Fermi delighted not only in creating and solving them, but also in challenging his fellow scientists with similar problems.

The Fermi Rule: Better be Approximately Right than Precisely Wrong

Physicist Enrico Fermi Was a Master of Guesstimation

Fermi was celebrated for his ability to make fast, excellent approximate calculations with little or no concrete data. In one well-known example, when the first atomic bomb was detonated during the Manhattan Project, Fermi dropped a few scraps of paper as the shock wave from the detonation passed. After some coarse calculation, Fermi estimated the power of the blast from the motion of the scraps as they fell. Fermi’s guesstimate of 10 kilotons of TNT was remarkably close to the now-established value of 20 kilotons. Even though Fermi’s estimate appears 50% off, it was a reasonable order-of-magnitude estimate.

Fermi believed that the ability to guesstimate was an essential skill for physicists. A good way to solve physics problems—and complex problems in any line of work—is by coming up with simple shortcuts to make approximate, but meaningful, calculations.

Teaching Physics Students the Fermi Way of Contemplating Open, Non-Standard Problems

Based on Fermi’s technique, at the beginning of many physics courses, professors pose problems such as “how many piano tuners are there in Chicago?” Such questions require students to employ quick reasoning and unsophisticated numerical methods to attack problems without the knowledge of any core physics concepts.

The historical emphasis on the order-of-magnitude calculation was propelled by the lack of computing power available to solve complex problems. Such approximate calculations were considered necessary to decide if an onerous and lengthy full-blown calculation was required.

Classic Fermi Problem: Number of Piano Tuners in the City of Chicago

'Guesstimation' by Lawrence Weinstein (ISBN 069115080X) Fermi problems are typically restructured by breaking them up into smaller problems that are easier for the students to approach than the original problem.

The challenge of estimating the number of piano tuners in the city of Chicago is the classical example of a Fermi Problem. A problem-solver guesstimates the total population of Chicago, then the fraction of families in Chicago that may own a piano, and the frequency of piano-tuning, the time it takes to tune a piano, and so on. This sequence of thinking, accompanied by a few conversion factors, can lead to an adequate assessment of the number of piano tuners in Chicago.

Back-of-Envelope Calculations for Fermi Problems

The Fermi technique is so popular that math buffs organize competitions in Fermi’s honor. Contestants are asked to estimate unusual assessments (the fraction of the surface area of the United States that’s covered by automobiles, the number of cells in the human body, the number of pizzas ordered this year in the state of California, for example) as closely as they can.

One distinctive feature of Fermi problems is that precision is impossible to achieve quickly, but it’s easier to arrive at a fast estimate of the range for the right answer. Before investing a big effort to measure something with precision, problem-solvers can estimate the answer approximately—and only then determine if it’s sensible to do the extra steps to calculate the accurate answers.

The Ability to Guesstimate: A Key Problem-Solving Aptitude

The ability to reach first-order estimations is an important skill in daily life. In a world where we are continuously bombarded with qualitative and quantitative information (and disinformation,) acquiring a solid grounding in numeric literacy has almost become an important intellectual obligation.

'Street-Fighting Mathematics' by Sanjoy Mahajan (ISBN 026251429X) Many problems are too complicated for you to come up with an accurate answer immediate. In analyzing such problems, precision may be impossible, but you can quickly estimate a range for the right answer. Guesstimation enables anyone with basic math and science skills to estimate virtually anything quickly using realistic assumptions and elementary mathematics.

Microsoft, McKinsey Consulting, Google, Goldman Sachs, and many leading businesses use guesstimate questions in job interviews to judge the ability of the applicants’ intelligence, their flexibility to think on their feet, and to apply their numerical skills to real-world problems.

Idea for Impact: Use Effective Guesstimation Techniques Before Undertaking a More Complete and Formal Investigation

Learn to do a first approximation of value and then, if the problem merits, refine your estimate further for much nuanced decision-making. Before putting much effort into calculating anything with precision, make a rough estimate of the answer, then decide whether it’s worth investigating further.

In my line of work as an investor, for example, I use fund manager Eddy Elfenbein’s “simple stock valuation measure”:

Growth Rate/2 + 8 = PE Ratio

Let me emphasize that this is simply a quick-and-dirty valuation tool and it shouldn’t be used as a precise measure of a stock’s value. But when I’m first looking at a stock and want to see roughly how it’s priced, this is what I’ll use.

For example, let’s look at Pfizer ($PFE). Wall Street expects the company to earn $2.34 per share next year. They also see the company’s 5-year growth rate at 2.79%. If we take half the growth rate and add 8, that gives us a fair value P/E Ratio of 9.40. Multiplying that by the $2.34 estimate gives us a fair price for Pfizer of $21.98. The current price for Pfizer is $22.98, so it’s about fairly priced.

Let’s look at IBM ($IBM) which has a higher growth rate. Wall Street sees IBM earning $16.61 next year. They peg the five-year growth rate at 10.58%. Our formula gives us a fair value multiple of 13.29, and that multiplied by $16.61 works out to a value of $220.75. IBM is currently at $201.71.

Recommended Resources for Guesstimation

If you’re interviewing with one of those companies that use guesstimate questions in job interviews, or if you’re interested in developing your ability to make rough, common-sense estimates starting from just a few basic facts, I recommend the following learning resources:

  • Guesstimation: Solving the World’s Problems on the Back of a Cocktail Napkin by Lawrence Weinstein and John A. Adam is a fun introduction to guesstimation.
  • Sanjoy Mahajan teaches a course on “down-and-dirty, opportunistic problem solving” at MIT. His Art of Approximation in Science and Engineering course is accessible free of charge on OpenCourseWare. Mahajan has also written the resourceful textbook Street-Fighting Mathematics: The Art of Educated Guessing and Opportunistic Problem Solving.

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Become a Smart, Restrained Communicator Like Benjamin Franklin

July 11, 2017 By Nagesh Belludi Leave a Comment

Benjamin Franklin, America’s founding father, statesman, and polymath, was a doyen of the self-improvement movement. His methods for self-mastery are worth taking a serious look at if you’re interested in getting better at anything in life.

In his wonderful Autobiography (1791,) Franklin discusses his once-foolish delight in spinning artful arguments and doggedly winning over his opponents.

Winning an Argument Aggressively is but a Short-term Ego Victory

'The Autobiography of Benjamin Franklin' by Benjamin Franklin (ISBN 1492720941) As a young man, Franklin had a habit of fervently arguing his case in all matters and alienating people around him. He frequently ensnared his challengers with hard-hitting rhetoric:

I found this method safest for myself and very embarrassing to those against whom I used it; therefore I took a delight in it, practis’d it continually, and grew very artful and expert in drawing people, even of superior knowledge, into concessions, the consequences of which they did not foresee, entangling them in difficulties out of which they could not extricate themselves, and so obtaining victories that neither myself nor my cause always deserved.

However, Franklin ultimately recognized that his take-no-prisoners approach of arguing was by no means endearing him to other people. His realized that his brash way of outwitting his challengers had been self-defeating.

Benjamin Franklin, Doyen of the Self-improvement Movement

Arguing, if it is to Be Constructive, Must Be Done Tactfully

In an attempt to develop amenable character traits, Franklin radically improved the way he interacted with others. He let go of all expressions of conceit and bold self-confidence. He stopped using words such as “certainly” and “undoubtedly” in his speaking and replaced them with phrases that signified personal opinions—for instance, “It appears to me, or I should think it so or so for such & such Reasons, or I imagine it to be so, or it is so if I am not mistaken.”

I continu’d this method some few years, but gradually left it, retaining only the habit of expressing myself in terms of modest diffidence; never using, when I advanced any thing that may possibly be disputed, the words certainly, undoubtedly, or any others that give the air of positiveness to an opinion; but rather say, I conceive or apprehend a thing to be so and so; it appears to me, or I should think it so or so, for such and such reasons; or I imagine it to be so; or it is so, if I am not mistaken. This habit, I believe, has been of great advantage to me when I have had occasion to inculcate my opinions, and persuade men into measures that I have been from time to time engag’d in promoting; and, as the chief ends of conversation are to inform or to be informed, to please or to persuade, I wish well-meaning, sensible men would not lessen their power of doing good by a positive, assuming manner, that seldom fails to disgust, tends to create opposition, and to defeat every one of those purposes for which speech was given to us, to wit, giving or receiving information or pleasure. For, if you would inform, a positive and dogmatical manner in advancing your sentiments may provoke contradiction and prevent a candid attention. If you wish information and improvement from the knowledge of others, and yet at the same time express yourself as firmly fix’d in your present opinions, modest, sensible men, who do not love disputation, will probably leave you undisturbed in the possession of your error. And by such a manner, you can seldom hope to recommend yourself in pleasing your hearers, or to persuade those whose concurrence you desire. [Alexander] Pope says, judiciously:

“Men should be taught as if you taught them not,
And things unknown propos’d as things forgot;”

farther recommending to us

“To speak, tho’ sure, with seeming diffidence.”

Learn to Resolve Important Issues through Sensible Discourse

'How to Win Friends & Influence People' by Dale Carnegie (ISBN 0671027034) Franklin realized that this measured conversation and gentler interactions was helpful in preventing conflicts and softening resistance in those he wanted to influence. He writes, “This Habit, I believe, has been of great Advantage to life, when I have had occasion to inculcate my Opinions & persuade Men into Measures I have been from time to time engag’d in promoting.”

This rule of skilful conversation and interpersonal relationships later became one of the foundational principles in Dale Carnegie’s masterful self-help manual How to Win Friends and Influence People—specifically, that our ticket to success in life is the ability to make others feel good about themselves.

Persuasion is Not About Outmaneuvering Others and Proving Them Wrong

The ability to communicate effectively, plead your case, and influence others is one of the most useful skills for succeeding in the modern world.

  • Learn to resolve important issues through sensible and mindful discourse.
  • Be assertive where you must, but never aggressive.
  • Be open-minded, understand the other person’s perspective, and keep your emotions under control.
  • Never insult, disgrace, or cause the other person to lose face.

Views, opinions, and judgments can differ, and these can and should be discussed civilly. However, to debate such differences vigorously so as to cause bad feelings toward is not necessary and is almost always counterproductive.

Idea for Impact: Arguing for the sake of deciding a winner is never constructive. When an argument starts, persuasion stops.

Wondering what to read next?

  1. How to Mediate in a Dispute
  2. When One Person is More Interested in a Relationship
  3. The High Cost of Winning a Small Argument
  4. Entitlement and Anger Go Together
  5. Benefits, Not Boasts

Filed Under: Effective Communication, Great Personalities, Mental Models, Sharpening Your Skills Tagged With: Communication, Conflict, Getting Along, Mindfulness, Negotiation, Personal Growth, Persuasion, Skills for Success, Wisdom

Lessons on Adversity from Charlie Munger: Be a Survivor, Not a Victim

January 24, 2017 By Nagesh Belludi 5 Comments

Lessons on Adversity from Charlie Munger: Be a Survivor, Not a Victim

Munger: One of the Most Respected Business Thinkers in History

Berkshire Hathaway’s Vice-Chairman Charlie Munger (b. 1924) is a distinguished beacon of rationality, wisdom, and multi-disciplinary thinking. As Warren Buffett’s indispensable right-hand man, Munger has been a prominent behind-the-scenes intellectual who has created billions of shareholder wealth.

'Seeking Wisdom: From Darwin to Munger' by Peter Bevelin (ISBN 1578644283) The story of Charlie Munger’s life is an archetypal American Dream: a hardworking, principled young man overcomes life’s trials and tribulations, and builds a billion-dollar fortune through industry, diligence, candor, and an obsession with self-improvement. Munger is also a prominent philanthropist. He preferred to donate his money now rather than give it as a bequest with the intention of appreciating the results of his giving. After donating $110 million to the University of Michigan at Ann Arbor, Munger said, “I’m soon going to be departed from all of my money, why not give more of it away while I get the fun of giving it?”

“Horrible Blows, Unfair Blows” on the Road to Success

Munger’s sharp mind, irreverent, outspoken outlook, and commonsense-thinking are legendary. For fans who flock to Omaha to witness him and Buffett at Berkshire Hathaway’s annual meeting, the 92-year old Munger remains a cult figure.

At age 17, Munger attended the University of Michigan but dropped out to enlist in the military during World War II. After the war, he entered Harvard Law School without an undergraduate degree and graduated in 1948 with a J.D. magna cum laude. He started practicing law in Los Angeles, but gave up his practice at the urging of Warren Buffett to concentrate on managing investments and developing real estate. He never took a course in business, economics, or finance but became a billionaire. He ascribes most of his “worldly wisdom” to his zeal for self-improvement (identical to his idol Benjamin Franklin) and plenteous reading. He once said, “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time—none, zero. … My children laugh at me. They think I’m a book with a couple of legs sticking out.”

Even if Munger remains an inspiration for a life well lived, his life has not been entirely perfect. Consider some of the struggles he coped with on his pathway to success.

  • 'Damn Right - Charlie Munger' by Janet Lowe (ISBN 0471446912) At age 29, in 1954, Munger got divorced from his wife after eight years of marriage. Munger lost everything to his wife including his home in South Pasadena. According to Janet Lowe’s insightful biography Damn Right, Munger moved into “dreadful bachelor digs” at Pasadena’s University Club and drove an “awful” yellow Pontiac with a shoddy repaint job. That car made him “look as if he had not two pennies to say hello to each other.” When daughter Molly Munger probed, “Daddy, this car is just awful, a mess. Why do you drive it?” The impoverished Munger replied, “To discourage gold diggers.”
  • The financial pressure came at a testing time. A short time after the divorce, Munger’s 9-year old son Teddy was diagnosed with leukemia. At that time, cancer survival rates were insignificant and Munger had to pay for everything out-of-pocket because there was no health insurance. According to his friend Rick Guerin, Munger would visit the hospital when his son “was in bed and slowly dying, hold him for a while, then go out walking the streets of Pasadena crying.” Teddy died a year later in 1955.
  • Many years later, Munger had a horrific cataract surgery in his left eye that rendered him blind with pain so severe that he eventually had that eye removed. Recently, when doctors notified Munger that he had developed a condition that was causing his remaining eye to fill up with blood, he stood the risk of losing his vision in his other eye too. Being the obsessive reader that he is, the prospect of losing eyesight entirely made Munger comment, “Losing the ability to see would seem to be a prison sentence.” Undeterred, Munger was ready to brace himself for what life had to offer. He told a friend, “It’s time for me to learn braille” and started taking lessons. As luck would have it, the worrisome eye condition has since receded.

Charlie Munger on Confronting Adversity and Building Resilience

  • Adversity, hardship, and misfortune can cause people to conceive themselves as a victim of circumstances. Munger once remarked, “Whenever you think that some situation or some person is ruining your life, it’s actually you who are ruining your life. It’s such a simple idea. Feeling like a victim is a perfectly disastrous way to go through life. If you just take the attitude that however bad it is in anyway, it’s always your fault and you just fix it as best you can … I think that really works.”
  • People who choose to react as victims surrender themselves to feelings of being betrayed or taken advantage of. The resulting anger, repulsion, fear, guilt, and inadequacy are futile. Munger once said, “Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought; self-pity gets pretty close to paranoia, and paranoia is one of the very hardest things to reverse; you do not want to drift into self-pity.”
  • Feeling victimized and the ensuing negative thinking patterns are hard to break, but the recovery process encompasses disremembering and forgiving the past, regulating the flawed perspective of the routine ups and downs of life, and taking control and gaining power. In his 2007 commencement speech at University of Southern California’s Law School, Munger said, “Life will have terrible blows in it … horrible blows, unfair blows. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He said that every missed chance in life was an opportunity to behave well, every missed chance in life was an opportunity to learn something, and that your duty was not to be submerged in self-pity, but to utilize the terrible blow in constructive fashion. That is a very good idea.”
  • In a 2011 interview, CNN journalist Poppy Harlow asked if Munger felt betrayed by David Sokol, Buffett’s then heir-apparent who violated company standards during Berkshire Hathaway’s purchase of Lubrizol and was let go. Munger conceded that Sokol’s conduct left him sad, but not let down. “It’s not my nature … when you get little surprises as a result of human nature … to spend much time feeling betrayed. I always want to put my head down and adjust. I don’t allow myself to spend much time ever with any feelings of betrayal. If some flickering idea like that came to me, I’d get rid of it quickly. I don’t like any feeling of being victimized. I think that’s a counterproductive way to think as a human being. I am not a victim. I am a survivor.”

Playing a Victim is by No Means Beneficial or Adaptive

'Poor Charlie's Almanack' by Charlie Munger (ISBN 1578645018) Even in the face of some of the worst misfortunes that could strike you, suffering the resentments and attempting to endure pain are far superior choices than getting absorbed in feeling victimized and powerless.

Holocaust survivor Viktor E. Frankl described how his fellow captives in Nazi concentration camps survived by enduring their sufferings and refusing to give in to feeling victimized. Even when stripped of all their rights and possessions, they exercised their enduring freedom to choose their attitudes and harnessed this freedom to sustain their spirits.

In his inspiring Man’s Search for Meaning (which is one of Munger’s many recommended books,) Frankl wrote, “When we are no longer able to change a situation, we are challenged to change ourselves. … Everything can be taken from a man but one thing: the last of the human freedoms—to choose one’s attitude in any given set of circumstances, to choose one’s own way.”

Lessons on Adversity from Charlie Munger

Idea for Impact: Come what may, you’re not a victim. It is up to you to determine your response.

  • Don’t operate life on the assumption that the world ought to be fair, just, and objective. You are neither entitled nor unentitled to good treatment.
  • Recognize that you cannot control, influence, or affect in any way the inequities, injustices, discriminations, and biases that populate the world. You have power over only your life and the choice of your attitudes.
  • Never feel sorry for yourself or engage in self-pity. Don’t dwell on a “poor-me stance” and consider yourself unfortunate. Don’t become loath to taking responsibility for your actions and the consequences. Stop playing the victim by recognizing and challenging those negative voices in your head. As the Roman Emperor and Stoic Philosopher Marcus Aurelius wrote in Meditations, “Put from you the belief that ‘I have been wronged’, and with it will go the feeling. Reject your sense of injury and the injury itself disappears.”
  • When life knocks you over, allow yourself a modest amount of grieving. Then, gather yourself back together, get up, dust yourself down, renegotiate your hopes and dreams, align yourself with reality, put yourself back in the saddle, and get on with life. The ability to rebound quickly from failures and disappointments is one of the key differentiators between successful and unsuccessful people.
  • What’s important in life is not what happens to you but how you react to what happens.

Wondering what to read next?

  1. How to Bounce Back from a Setback
  2. 12 Sensible Ways to Realize Self-Responsibility
  3. Perspective is a Fabulous Gift. Your Life is Your Contribution.
  4. Choose Pronoia, Not Paranoia
  5. Success Conceals Wickedness

Filed Under: Great Personalities, Sharpening Your Skills Tagged With: Adversity, Attitudes, Entrepreneurs, Leadership Lessons, Resilience, Success

Lessons on Self-Acceptance from Lee Kuan Yew: Life is What You Make of it

October 14, 2016 By Nagesh Belludi Leave a Comment

'From Third World to First: The Singapore Story' by Lee Kuan Yew (ISBN 0060197765) Singapore’s founding father Lee Kuan Yew (1923–2015) was one of the greatest statesmen of the post-WWII era. As Singapore’s quasi-authoritarian leader, Lee transformed his small, resource-poor city-state into an economic powerhouse. (I recommend Lee’s excellent memoir From Third World to First: The Singapore Story.)

Lee’s reply to a question about his perspective on the meaning of life (8:50-minute mark in this video) includes nuggets of wisdom on self-acceptance.

Life is what you make of it. You are dealt a pack of cards. Your DNA is fixed by your mother and your father … . Your job is to make the best of the cards that have been handed out to you. What can you do well? What can you not do well? What are you worse at?

If you ask me to make my living as an artist, I’ll starve, because I just can’t draw… . But if you ask me to do a mathematical question or to argue a point out, I’ll get by. Those are the cards I was handed out, and I make use of them.

Don’t try and do something you are not favored by nature to do.

Pursue Perfect Acceptance, Not a Perfect Life

One of the most effective ways to make positive change in life is to recognize and make peace with parts of yourself that are not innate (or “hard-wired”) in you. Robert Holden emphasized in Happiness Now, “Happiness and self-acceptance go hand in hand. In fact, your level of self-acceptance determines your level of happiness. The more self-acceptance you have, the more happiness you’ll allow yourself to accept, receive and enjoy. In other words, you enjoy as much happiness as you believe you’re worthy of.”

  • 'Now, Discover Your Strengths' by Marcus Buckingham (ISBN 0743201140) Know your limitations. Despite the nudging of countless motivational speeches, you can’t learn to be competent in everything you attempt or think you have a passion for. You can only be great at a few things. Recognize your flaws and do what you’re good at. Indeed, your strengths contain your greatest potential for growth. As Marcus Buckingham argued in his bestselling Now, Discover Your Strengths, discovering and pursuing your strengths is vital to being happier and more productive.
  • Learn to play the hand you’ve been dealt. Don’t engage in wishful thinking. Don’t cry out, “If I only life were different … if only these problems wouldn’t exist, I would …” One of the great realities of life—one that is difficult but important to acknowledge—is that you do not have as much control in life as you would like to have.

Idea for Impact: The key to self-improvement is self-acceptance. Accept reality. Accept yourself. Identify the limits of your abilities and your time and say no to things you know you can’t do well.

Wondering what to read next?

  1. Control Your Efforts, Not the Outcomes
  2. The Futility of Attachment to Expected Results
  3. What Is the Point of Life, If Only to Be Forgotten?
  4. The More You Can Manage Your Emotions, the More Effective You’ll Be
  5. I’ll Be Happy When …

Filed Under: Great Personalities, Living the Good Life, Sharpening Your Skills Tagged With: Attitudes, Life Plan, Mindfulness, Philosophy

Lessons from Charlie Munger: Destroy Your Previous Ideas & Reexamine Your Convictions

September 9, 2016 By Nagesh Belludi Leave a Comment

Warren Buffett and Charlie Munger at Berkshire Hathaway's 2016 Annual Meeting (Screenshot from Yahoo! Finance webcast)

Reexamine your deep-rooted ideas

Here is one of the many nuggets of wisdom from the 2016 Berkshire Hathaway Annual Meeting. At the 4:39:39 mark in the meeting’s webcast by Yahoo! Finance, Warren Buffett and Charlie Munger discuss an effective strategy for persuasion and argumentation:

Charlie Munger: We try and avoid the worst anchoring effect which is always your previous conclusion. We really try and destroy our previous ideas.

Warren Buffett: Charlie says that if you disagree with somebody, you want to be able to state their case better than they can.

Charlie Munger: Absolutely.

Warren Buffett: And at that point you’ve earned the right to disagree with them.

Charlie Munger: Otherwise you should keep quiet. It would do wonders for our politics if everybody followed my system.

Actively seek counterarguments to consolidate your arguments

Munger’s advice comports with the following wisdom on using critique for reasoned judgments and critical thinking:

  • 'A Rulebook for Arguments' by Anthony Weston (ISBN 0872209547) Professor Anthony Weston, a contemporary exponent of critical thinking, wrote in his Rulebook for Arguments, “If you can’t imagine how anyone could hold the view you are attacking, you just don’t understand it yet.”
  • The great Roman philosopher and orator Cicero wrote in his influential work De Oratore (55 BCE, Eng. trans. On the Orator,) “The man who can hold forth on every matter under debate in two contradictory ways of pleading, or can argue for and against every proposition that can be laid down—such a man is the true, the complete, and the only orator.” [See my previous article on how to argue like the Wright brothers.]
  • Advocating observable evidence and rational investigation, the great English natural philosopher Francis Bacon wrote in his Novum Organum (1620,) “The human understanding when it has once adopted an opinion draws all things else to support and agree with it. And though there be a greater number and weight of instances to be found on the other side, yet these it either neglects and despises, or else-by some distinction sets aside and rejects, in order that by this great and pernicious predetermination the authority of its former conclusion may remain inviolate.”

You cannot effectively argue for your side if you don’t comprehend the arguments of the other

'Poor Charlie's Almanack' by Charlie Munger (ISBN 1578645018) Once a belief is added to your collection of viewpoints, you indulge in “intellectual censorship”—you instinctively and unconsciously protect and defend it. You cling to your beliefs instead of objectively reassessing and questioning them. Moreover, owing to confirmation bias, you seek narratives that convey to you what you want to hear, substantiate your beliefs, and entitle you to continue to feel as you already do.

An important constituent of critical thinking is taking your beliefs and opinions apart methodically, analyzing each part, assessing it for soundness by means of arguments and counterarguments, and then improving it.

When you stop arguing against an opposite perspective and try arguing for it, that is to say when you can switch your point of view briefly, you will witness a profound shift in your thinking. Your own convictions may look different when seen from the opposite perspective. Justifying the counterarguments can help you reinforce your own beliefs and attitudes.

Idea for Impact: Only when your deep-rooted convictions and viewpoints are challenged by contradictory evidence, will your beliefs actually get stronger.

Wondering what to read next?

  1. Charlie Munger’s Iron Prescription
  2. One of the Tests of Leadership is the Ability to Sniff out a Fire Quickly
  3. Rapoport’s Rules to Criticize Someone Constructively
  4. The Historian’s Fallacy: People of the Past Had No Knowledge of the Future
  5. Four Ideas for Business Improvement Ideas

Filed Under: Great Personalities, Mental Models, Sharpening Your Skills Tagged With: Critical Thinking, Mental Models, Persuasion, Thinking Tools, Thought Process

Make Decisions Using Bill Hewlett’s “Hat-Wearing Process”

September 6, 2016 By Nagesh Belludi Leave a Comment

“Reasons pro and con are not present at the same time”

My previous article about Ben Franklin’s T-Chart method in making difficult decisions quoted him mentioning this as a key challenge of fact-collecting and decision-making:

When difficult cases occur, they are difficult chiefly because while we have them under consideration all the reasons pro and con are not present to the mind at the same time; but sometimes one set present themselves, and at other times another, the first being out of sight. Hence the various purposes or inclinations that alternately prevail, and the uncertainty that perplexes us.

Bill Hewlett’s “Hat-Wearing Process”

Bill Hewlett's Bill Hewlett, co-founder of Hewlett-Packard (HP,) developed an effective “hat-wearing process” in his decision-making. When confronted with a challenge, Hewlett used a three-pronged approach to take the time to reflect, collect input from others, and develop a sound judgment about the matter at hand.

  1. Whenever an HP employee approached Hewlett with an innovative idea, he put on his “enthusiasm” hat. He listened, expressed enthusiasm, appreciated the creative process, and asked wide-ranging but not-too-pointed questions about the idea.
  2. A few days later, Hewlett wore his “inquisition” hat and met the inventor. Hewlett asked many pointed questions and meticulously examined the facts and the virtues. He critically examined the idea, but adjourned without a final decision.
  3. A few days later, Hewlett wore his “decision” hat and met with the inventor. Hewlett discussed his opinions and conveyed his decision with logic and sensitivity.

In a discussion about the corporate culture of enthusiasm and creativity that the founders engendered at Hewlett-Packard, cofounder David Packard recalls in The HP Way (see my review / summary) that even if the decision went against the inventor, Bill Hewlett’s “Hat-Wearing Process” provided the inventor with a sense of satisfaction that Hewlett had carefully considered the ideas.

Idea for Impact: Make Considered Decisions

Use the “hat-wearing process” to listen to and mull over facts about a decision to be made, collect input from others, develop perspective that comes only with time, and make sound, thoughtful decisions.

Compliment with Edward de Bono’s ‘Six Thinking Hats’ thought process to stimulate creativity.

Wondering what to read next?

  1. Make a Difficult Decision Like Benjamin Franklin
  2. Disproven Hypotheses Are Useful Too
  3. Howard Gardner’s Five Minds for the Future // Books in Brief
  4. How to Solve a Problem By Standing It on Its Head
  5. Creativity by Imitation: How to Steal Others’ Ideas and Innovate

Filed Under: Great Personalities, Leading Teams, Mental Models, Sharpening Your Skills Tagged With: Creativity, Decision-Making, Discipline, Thinking Tools, Thought Process

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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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