Mental Models

Books in Brief: The Power of Introverts

December 24, 2022 By Nagesh Belludi Leave a Comment

Susan Cain’s bestselling Quiet: The Power of Introverts in a World that Can’t Stop Talking (2012) investigates how our schools and offices have an intrinsic cultural bias towards extroverts—they’re more likely to be social and enjoy being in high-stimulus environments.

At a business meeting, for example, extroverts hog the conversation, while introverts are often quiet. Extroverts think by talking and arguing, whereas introverts think and process internally.

I worry that there are people who are put in positions of authority because they’re good talkers, but they don’t have good ideas. It’s so easy to confuse schmoozing ability with talent. Someone seems like a good presenter, easy to get along with, and those traits are rewarded. Well, why is that? They’re valuable traits, but we put too much of a premium on presenting and not enough on substance and critical thinking.

Idea for Impact: Don’t miss out on introverted excellence.

Innovation’s Valley of Death

December 20, 2022 By Nagesh Belludi Leave a Comment

The discovery and development of an invention are usually easier relative to the creativity and resources required to make it a commercial success. Indeed, many entrepreneurs and intrapreneurs struggle to commercialize their idea meaningfully—establish the idea’s marketability to prospective backers, engage potential customers, and price and promote their product or service for a favorable return on investment. Consider this case study of the Bombardier CSeries jets—fated for misfortune for many years only to morph into the successful Airbus A220 series:

As a country, we habitually underinvest in R&D. And, when domestic champions like Bombardier do emerge, they often prove unable to turn their great ideas into commercially successful, globally dominant businesses.

In a knowledge economy, a country’s future prosperity is increasingly tied to its ability to generate and capitalize on innovative new ideas.

“The paradox is that while there is innovation going on in Canada, we do not observe the same level of commercialization and ownership of those innovations [as in other countries]. In many cases, inventions developed in Canada are then commercialized by foreign companies that keep much of that benefit.”

Idea for Impact: Don’t let your idea fizzle because they can’t take your sizzle to market. Focus not just on overcoming internal barriers but also on how to commercialize your innovation. Hire outside capabilities if necessary.

Be Smart by Not Being Stupid

December 12, 2022 By Nagesh Belludi Leave a Comment

No superhuman ability is usually required to dodge the many foolish choices to which we’re prone. A few basic rules are all that’s needed to shield you, if not from all errors, from silly errors.

Charlie Munger often emphasizes that minimizing mistakes may be one of the least appreciated tricks in successful investing. He has reputedly credited much of Berkshire Hathaway’s success to consistently avoiding stupidity. “It is remarkable how much long-term advantage we have gotten by trying to be consistently not stupid instead of trying to be very intelligent.” And, “I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick. It’s not brilliance. It’s just avoiding stupidity.” They’ve avoided investing in situations they don’t understand or summon experience.

As a policy, avoiding stupidity in investing shouldn’t mean avoiding risk wholly; instead, it’s taking on risk only when there’s a fair chance that you’ll be adequately rewarded for assuming that risk.

Idea for Impact: Tune out stupidity. Becoming successful in life isn’t always about what you do but what you don’t do. In other words, improving decision quality is often more about decreasing your chances of failure than increasing your chances of success.

The Creativity of the Unfinished

December 8, 2022 By Nagesh Belludi Leave a Comment

Don’t dot every I and cross every T. Leave a stone unturned.

Ignore a rule. Don’t tie up every loose end.

Leave some questions unanswered. Let something be out of place.

Violate the expectation and usher a realm of potentiality. As the American artist Julia Cameron noted in her seminal self-help book The Artist’s Way: A Spiritual Path to Higher Creativity (1992,) “Art needs time to incubate, to sprawl a little, to be ungainly and misshapen and finally emerge as itself. The ego hates this fact. The ego wants instant gratification and the addictive hit of an acknowledged win.”

A piece of art, a movie, a melodic line, or a production all tend to be more captivating when they leave you wondering—when they urge you to explore the possibilities your mind has to offer.

Change Your Mindset by Taking Action

November 17, 2022 By Nagesh Belludi Leave a Comment

While it is helpful to be motivated and get into the right mindset to, say, exercise, it’s far easier to just show up at the gym and get started on a small quest, even when you don’t really feel like doing it. You’re likely to habituate to new behaviors in a way that circumvents your innate resistance to change.

Minor adjustments can add up and make a big difference. As Harvard psychologist Susan David writes in Emotional Agility: Get Unstuck, Embrace Change, and Thrive in Work and Life (2016,)

Traditional self-help tends to see change in terms of lofty goals and total transformation, but research actually supports the opposite view—that small, deliberate tweaks infused with your values can make a huge difference in your life. This is especially true when we tweak the routine and habitual parts of life, which then afford tremendous leverage for change.

Idea for Impact: Waiting for the right mindset to “show up” can be a losing strategy. Taking action is often easier than controlling your mental state. Don’t overly focus on the very thing that’s harder to control. Take the next baby step forward.

Books in Brief: “Hell Yeah or No” Mental Model

November 15, 2022 By Nagesh Belludi Leave a Comment

American entrepreneur and blogger Derek Sivers popularized the “Hell Yeah or No” mental model (YouTube Synopsis): unless you’re super excited about something, don’t commit to it.

If you’re ready to say ‘yes’ to the things that aren’t that great, you won’t have time, energy, and focus for the “hell yeah” stuff in your life. Sivers has summed up,

We tend to say yes to too many things. And because of this, we’re spread too thin. We’re so busy doing average things that we don’t have time for the occasional great thing.

So instead I propose raising the bar as high as you can, so that if you’re feeling anything less than, “oh, hell yeah, that would be amazing,” then just say, no.

By doing this, you will miss out on many good things, but that’s okay because your time will be quite empty. So then by saying no to the merely good things, you’ll have the time and the energy and the space in your life to throw yourself in entirely when that occasional great thing comes up.

Recommendation: Read this insight-dense book. The “Hell Yeah or No” mental model will reframe how you control impulses and consider life’s big decisions.

Are You Ill-Prepared for Being Wrong?

October 31, 2022 By Nagesh Belludi Leave a Comment

We spend so much of our lives being right that, I wonder if, we’re ill-prepared for being wrong.

Since childhood, we’ve been inured that being right is more acceptable than being wrong. Being wrong feels so unpleasant—repulsive even—that we instill a series of strategies to salvage ourselves when we are exposed as being wrong. We learn to trip from our forked tongues explanations, justifications, excuses, and blames for our errors and oversights.

What’s worse, we develop a deep-seated impulse to shirk responsibility and accountability for our actions. We become loath to change our beliefs or behaviors because change takes effort. We envisage change as a challenge to our identity. In the words of Amazon founder Jeff Bezos, “People who are right a lot listen a lot, and they change their mind a lot. They wake up and re-analyze things and change their mind. If you don’t change your mind frequently, you’re going to be wrong a lot. People who are right a lot want to disconfirm their fundamental biases.”

Idea for Impact: What’s lost in all this is that being wrong is not only a central feature of being human. It’s one of the most potent ways of learning. Admitting we were wrong—and conceding we’ll be wrong again—can be so liberating and welcoming.

Don’t Be Afraid to Let the Darkness In

October 27, 2022 By Nagesh Belludi Leave a Comment

It’s okay to be hurt. It’s okay to be angry or sad.

Fear, anxiety, sadness, and other negative emotions are but a natural response to what’s happening in your life, and you shouldn’t have to deny them. No one goes through life never feeling a negative emotion.

If you have a vicious internal voice—an ‘inner saboteur’—that also scorns you for having a rough time, just tell yourself it’s okay to not be okay. Your emotions aren’t the enemy. Sometimes things are hard because they’re just hard and not because you’re lacking something or you’re not doing enough.

You don’t need to buy into platitudes such as “Look on the sunnier side!” and “Everything happens for a reason!” Being positive isn’t the only correct way to live. In fact, toxic positivity can make you feel disconnected and, eventually, worse.

As long as you deal with them healthily, negative sentiments are okay—no need to avoid unpleasant realities. Stop buying into them, being attached to them, and inviting them back. Leaning into—not suppressing—pain, regret, sadness, and fear can bring significant benefits. The road to the good life is paved with the full range of the human experience—tears and furrowed brows, smiles and amusement, and all.

Idea for Impact: Don’t be afraid to let the darkness in. No need to attach so much meaning to what arises. No need to identify with your emotions. Allow yourself to experience the emotions. In time, they’ll move on through.

Seek little moments of compassion, inspiration, calmness, or altruism. These have the power to inspire and give hope.

Never Take the First Offer

October 24, 2022 By Nagesh Belludi Leave a Comment

Gently push back, at least for one round. Especially if you’re a less-aggressive personality type and are programmed to answer ‘yes’ to the first reasonable offer someone makes.

People seldom offer the best they can offer right away because the first offer “anchors” the negotiation. They risk “showing their cards” and divulging some bargaining zones.

If you don’t push back even once, you’ll wind up with a less-than-optimal deal. A straightforward question such as “Can you do better than that?” will help you fend off the first offer politely without being a pushover.

If the counterparty says ‘no’ and you feel you can sustain the process for another round, inquire, “I’d like your help to learn why the first offer is the best you can do.” The key to being a better negotiator isn’t simply presenting your demands but asking detailed questions designed to better understand the other side’s interests.

If their answers make no sense, share your confusion. Offer a strong counteroffer based on your ideal intended outcome and your appraisal of the counterparty’s options and their “reserve price.”

Idea for Impact: Beware of the trap of saying ‘yes’ too quickly. You’ll get farther with a bit of polite persistence than quick surrender.

3 Ways to … Manage for Creativity

October 21, 2022 By Nagesh Belludi Leave a Comment

Managers can create the conditions for innovation by encouraging a culture of being creative—not just productive—and razing barriers that stifle individual expression.

Get less formal. Foster a culture characterized by a tolerance for failure and a willingness to experiment. Involve everyone and welcome great ideas from everywhere. Make sure everyone feels free to speak out: people will own solutions if they’ve been involved in the decision-making.
Simplify the workplace. Look at things with a fresh eye, as an outsider might—sometimes you’re too close to things to see the truth. Drop unnecessary work, and explore what routines can be phased out or improved. Work with coworkers to eliminate extraneous loops and redundancies if your organization has far too many rules, approvals, and forms. Streamline decision-making.
Defy tradition. If no one can recall why your team does something a particular way, the task is likely more convoluted than it needs to be. Hold a ‘why do we do it that way?’ challenge. Invite colleagues from different teams to come in and look at things in a detached way. Figure out what’s relevant and necessary (and what’s not) and frequently reevaluate the priority list as new things are added.

Idea for Impact: Managing for creativity is a conscious effort in experimentation.

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