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Right Attitudes

Ideas for Impact

Seven Real Reasons Employees Disengage and Leave

February 10, 2017 By Nagesh Belludi Leave a Comment

Engaged employees not only contribute more and enhance bottom-line results but also are more loyal and therefore less likely to leave their organizations voluntarily.

Here are seven widespread root causes for employees’ lack of enthusiasm and commitment to a workplace.

  1. Employees find the job or workplace to be different from what they had expected when hired.
  2. Employees are not well matched or challenged in the jobs to which they have been assigned or promoted.
  3. Employees receive insufficient coaching and feedback from their boss.
  4. Employees recognize few prospects for professional growth and advancement. Alternatively, employees are obliged to log two or three years of unexciting assignments to “pay their dues” before being considered for promotion.
  5. Employee feel undervalued, underpaid, or under-recognized. They don’t get enough informal acknowledgement for their contributions or feel constantly “out of loop.” Their managers don’t seek opinions or supply the right tools to excel at work.
  6. Employees feel stressed or burned-out due to overwork or work-life imbalance.
  7. Employees have lost trust and confidence in their management and leadership.

Idea for Impact: Disengaged employees are more likely to leave their organizations.

Wondering what to read next?

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  2. Fire Fast—It’s Heartless to Hang on to Bad Employees
  3. Eight Ways to Keep Your Star Employees Around
  4. To Inspire, Pay Attention to People: The Hawthorne Effect
  5. Seven Easy Ways to Motivate Employees and Increase Productivity

Filed Under: Career Development, Managing People, Sharpening Your Skills Tagged With: Coaching, Employee Development, Great Manager, Hiring & Firing, Human Resources, Mentoring, Motivation, Performance Management

How to Deal with Upset Customers

February 7, 2017 By Nagesh Belludi Leave a Comment

From an angry customer’s perspective, the impressions left by customer-service providers are long-lasting and can heighten the impact of a service experience, for better or worse.

A failure to recognize and quickly respond to the needs of angry customers can make them feel ignored, frustrated, and powerless. Here are nine guidelines that can result in a constructive interaction with an angry customer and restore his perception of satisfaction and loyalty.

  1. Don’t adopt an angry tone. Stay calm and professional. When an upset customer starts shouting or being foul-mouthed, you’ll gain nothing by reacting in a like manner. Actually, responding to anger with anger can easily escalate the hostilities and thwart meaningful communication. Exercise self-control and regulate your feelings. Without remaining calm, you cannot break through emotional barricades or preempt the customer’s frustrations going from bad to worse.
  2. If the customer is yelling, ask him to speak slower. A louder voice often goes with a faster speech. When the customer slows down his speech, the level of his voice will also drop. Repeat this request as many times as necessary to calm him down.
  3. Declare that you intend to understand the customer’s situation and help. Say, “Could you please speak more slowly. When I understand your situation, I can help you better.”
  4. Let your angry customer vent. When a customer is upset, what you tell him matters less than what you enable him to tell you. The first thing an upset customer wants is to vent. Commonly, just the modest act of listening patiently can defuse the customer’s anger. Only after you facilitate getting the customer’s emotions off his chest can you have a constructive discussion.
  5. Recognize that the customer’s problem does exist. Restate the customer’s analysis of what the problem is. “If I understand you appropriately, you have a problem with X and you don’t like Y. This has caused Z.”
  6. How to Handle Upset CustomersDemonstrate sincere empathy for the customer’s feelings. Say, “I can understand why this situation would upset you. I’m sorry you feel that way.” Your best response to the customer’s anger is empathy.
  7. Ask what the customer would like to do to have the problem solved. Ask, “What can we do to make this right for you?” By shifting the customer’s focus from annoyance to problem solving, you can determine ways to negotiate a satisfactory solution. If the customer’s request cannot be met, provide alternative solutions that may alleviate the situation or placate the customer.
  8. Let common sense prevail over standard operating procedure. Much of current customer service initiatives (especially with outsourced call centers) has devolved into standard operating procedures, carefully formulated decision-trees, and scripted answers that customer service agents dispense mechanically. To an upset customer, these automated responses often seem hollow and inacceptable. Deviate from the canned responses and use good judgment. Exercise the autonomy you’re granted over how you can respond to help solve customer complaints. If necessary, involve your manager.
  9. Don’t need to give a “yes” or a “no” answer on the spot. If the customer asks for more than you’re able to accommodate, defer your answer by saying, “Give me a minute to consider all the options I have for you” or “let me talk to my boss and see how I can help you.” After weighing the pros and cons, give your answer and offer a reason if necessary. This way, even if the customer doesn’t get a “yes” from you, he will still appreciate knowing that you’ve seriously considered his appeals.

Idea for Impact: Body language, phrasing, and tone can have a big impact on angry customers who are on the lookout for evidence of compassion and want to be reassured that they have chosen a good provider for their product or service.

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  5. How to Respond to Others’ Emotional Situations

Filed Under: Effective Communication, Managing People Tagged With: Anger, Body Language, Customer Service, Emotions, Getting Along, Listening, Wisdom

Inspirational Quotations by Adlai Stevenson (#670)

February 5, 2017 By Nagesh Belludi Leave a Comment

Today marks the birthday of Adlai Stevenson II (1900–1965,) American politician and diplomat. Stevenson is renowned for his intellectual disposition, organizational skills, eloquent public speaking, and for advancing liberal ideologies within the Democratic Party.

Stevenson is also remembered for his significant landslide losses to popular war hero Dwight Eisenhower during both the 1952 and the 1956 presidential elections. Prior to the 1960 presidential election, Stevenson lost to Massachusetts Senator John F. Kennedy as the Democratic Party’s candidate. When Kennedy became President, Stevenson served as the US Ambassador to the United Nations until his death in 1965.

The 1949 “Cat Bill” in Illinois

When Stevenson was Governor of Illinois, the state legislature (supported by a committed group of bird-lovers) passed a bill protecting birds from their predators—notably cats—and declaring that cats roaming unescorted were a public nuisance. Stevenson felt the legislation was an absurd excuse to exterminate cats and have law enforcement deal with felines. He vetoed the bill with the following message:

I cannot agree that it should be the declared public policy of Illinois that a cat visiting a neighbor’s yard or crossing the highways is a public nuisance. It is in the nature of cats to do a certain amount of unescorted roaming. … Also consider the owner’s dilemma: To escort a cat abroad on a leash is against the nature of the cat, and to permit it to venture forth for exercise unattended into a night of new dangers is against the nature of the owner.

We are all interested in protecting certain varieties of birds. That cats destroy some birds, I well know, but I believe this legislation would further but little the worthy cause to which its proponents give such unselfish effort. The problem of cat versus bird is as old as time. If we attempt to resolve it by legislation who knows but what we may be called upon to take sides as well in the age old problems of dog versus cat, bird versus bird, or even bird versus worm. In my opinion, the State of Illinois and its local governing bodies already have enough to do without trying to control feline delinquency.

If we value the pursuit of knowledge, we must be free to follow wherever that search may lead us. The free mind is not a barking dog, to be tethered on a ten-foot chain.
—Adlai Stevenson (American Diplomat)

Power corrupts, but lack of power corrupts absolutely.
—Adlai Stevenson (American Diplomat)

The sound of tireless voices is the price we pay for the right to hear the music of our own opinions.
—Adlai Stevenson (American Diplomat)

A free society is a society where it is safe to be unpopular.
—Adlai Stevenson (American Diplomat)

What a man knows at fifty that he did not know at twenty is for the most part incommunicable.
—Adlai Stevenson (American Diplomat)

Our strength lies, not alone in our proving grounds and our stockpiles, but in our ideals, our goals, and their universal appeal to all men who are struggling to breathe free.
—Adlai Stevenson (American Diplomat)

Peace is the one condition of survival in this nuclear age.
—Adlai Stevenson (American Diplomat)

In youth, everything seems possible; but we reach a point in the middle years when we realize that we are never going to reach all the shining goals we had set for ourselves. And in the end, most of us reconcile ourselves, with what grace we can, to living with our ulcers and arthritis, our sense of partial failure, our less-than-ideal families—and even our politicians!
—Adlai Stevenson (American Diplomat)

We have confused the free with the free and easy.
—Adlai Stevenson (American Diplomat)

What do I believe? As an American I believe in generosity, in liberty, in the rights of man. These are social and political faiths that are part of me, as they are, I suppose, part of all of us. Such beliefs are easy to express. But part of me too is my relation to all life, my religion. And this is not so easy to talk about. Religious experience is highly intimate and, for me, ready words are not at hand.
—Adlai Stevenson (American Diplomat)

Freedom is not an ideal, it is not even a protection, if it means nothing more than freedom to stagnate, to live without dreams, to have no greater aim than a second car and another television set.
—Adlai Stevenson (American Diplomat)

For my part I believe in the forgiveness of sin and the redemption of ignorance.
—Adlai Stevenson (American Diplomat)

Laws are never as effective as habits.
—Adlai Stevenson (American Diplomat)

She would rather light candles than curse the darkness and her glow has warmed the world.
—Adlai Stevenson (American Diplomat)

Filed Under: Inspirational Quotations

A Little Known, but Powerful Technique to Fast Track Your Career: Theo Epstein’s 20 Percent Rule

February 3, 2017 By Nagesh Belludi Leave a Comment

Lessons on Career Advancement from 43 Year-old Chicago Cubs President Theo Epstein

Theo Epstein (b.1973), president of baseball operations for the Chicago Cubs, has thus far had a stellar career as a sports executive.

As a freshman at Yale, Epstein was assertive enough to flaunt his role as a sports editor for the Yale student newspaper. After cold-contacting many professional sports teams to express interest in working for them, he grabbed the attention of a Yale alumnus at the Baltimore Orioles. This stroke of luck led to three consecutive summer-internships at the Orioles with increasing responsibilities.

After graduating from Yale with a degree in liberal arts, Epstein joined the Orioles full-time as a public relations assistant. His ingenuity caught the eye of Orioles President-CEO Larry Lucchino, who took Epstein under his wings. When Lucchino became team president of the San Diego Padres, he took Epstein and made him director of player development.

At Lucchino’s suggestion, Epstein also attended law school full-time whilst working 70 hour-weeks at the Padres. At that time, nobody on the small Padres’ management team had a law degree. By going to law school and getting a Juris Doctor degree, Epstein could help review players’ contracts. “Getting that seat at the table gave me the opportunity to be involved, and then my responsibilities grew from there,” he once recalled.

At age 28, Epstein moved again with Lucchino and joined the Boston Red Sox as general manager. In doing so, he became the youngest general manager in the history of Major League Baseball. Ten years later, in 2011, Epstein became president the Chicago Cubs.

At both the Red Sox and the Chicago Cubs, Epstein intelligently used complex statistical analytics to oversee the teams’ curse-breaking championships. In 2004, Epstein supervised the Red Sox’s sixth World Series Championship and ended their 86-year drought. And in 2016, when, under Epstein’s presidency, the Chicago Cubs finally won the World Series Championship 108 years after the previous time they did, their triumph ended the longest drought in professional sports.

Theo Epstein’s 20 Percent Rule: Undertake Your Boss’s Less Glamorous Responsibilities

In a recent interview (22:31-minute mark in this “The Axe Files” podcast) with the University of Chicago’s David Axelrod, Epstein revealed a career advancement technique that helped fast-track his career at the Orioles, the Padres and the Red Sox:

Whoever your boss is, or your bosses are, they have 20 percent of their job that they just don’t like … So if you can ask them or figure out what that 20 percent is, and figure out a way to do it for them, you’ll both make them really happy, and improve their quality of life and their work experience. And also gain invaluable experience for yourself. If you do a good job with it, they’ll start to give you more and more responsibility.

Idea for Impact: Those Who Raise Their Hands Climb the Ladder Faster

Human nature is such that everyone likes to do what he/she likes and not what should be done. If you can determine those aspects of your boss’ job that she hates and volunteer to help her with those responsibilities, you can expand your job’s horizons.

When you can seize such opportunities to raise your hand and sign up for tasks and responsibilities that aren’t particularly attractive, you not only learn by way of broader experiences and gain confidence, but also become more visible to management and situate yourself for a promotion. As I’ve written previously, before you can be seen as eligible for promotion, you should have demonstrated competence in doing a part of the new job you aspire to.

Seek out projects, prove that you’re eager and able to go the extra mile, and gain valuable face time with top executives.

Wondering what to read next?

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  4. Five Questions to Keep Your Job from Driving You Nuts
  5. Before Jumping Ship, Consider This

Filed Under: Career Development, Sharpening Your Skills Tagged With: Career Planning, Leadership Lessons, Managing the Boss, Personal Growth

The Cost of Leadership Incivility

January 31, 2017 By Nagesh Belludi Leave a Comment


Steve Jobs’ Misguided Advice for Being a Good CEO: “Throw Tantrums!”

When Indra Nooyi became CEO of PepsiCo in 2006, she met with Steve Jobs, the famously driven but short-tempered and ruthless leader of Apple. One advice Jobs had for Nooyi on being a good leader: “throw tantrums.”

During this 2016 interview at the Stanford Business School (YouTube video), Nooyi acknowledged Job’s advice as “a valuable lesson.” She elaborated that Jobs advised, “don’t be too nice … when you really don’t get what you want and you really believe that’s the right thing for the company, it’s OK to throw a temper tantrum. Throw things around. People will talk about it, and they’ll know it’s important for you.”

During another 2016 interview, at the New York Times’ DealBook Conference (YouTube video), Nooyi recalled Jobs advise again. “If you really feel strongly about something—if you don’t like something people are doing—throw a temper tantrum. Throw things around, because people have got to know that you feel strongly about it.” Though Nooyi hasn’t gone as far as to throw things around, she disclosed, “I’m beginning to use certain words a little bit more freely and I am screaming a bit more, pounding the table … which is really not the way I was … it is effective. It shows the passion that I have for what I’m doing.”

No Need to Ape the Style of the Icon-of-The-Moment

Leadership Throw TantrumsPeople will go to extraordinary lengths for causes they believe in. Nonetheless, this advice of throwing tantrums and using “certain words a little bit more freely” to express passion is abhorrently misguided, even if it worked for Steve Jobs and Indra Nooyi!

The ultimate impact of a leader hinges on his/her enthusiasm to make the organization’s endeavors personal, to engage others openly, and to draw attention to successes as they emerge. For that reason, Nooyi’s anecdote is demonstrative of Jobs’ passion for building great products.

My primary protestation relates to the reality that leaders model the behavior they want in their organizations. Admissibly, there may be a time and a place to throw temper tantrums at Apple, PepsiCo, or at your organization. However, unchecked and unhindered outbursts of passion, and cursing and incivility are certainly counterproductive.

Steve Jobs could throw temper tantrums because he could! As I have written in previous articles, brilliant men and women can get away with fanatical pride, temper, abuse, and other disruptive behaviors because their spectacular success can and does cover many of their sins, even in the eyes of those at the receiving end of their crudeness.

Aggressive—and successful—managers and leaders can pressurize, scream, intimidate, and even terrorize their employees. They vindicate that their offensive behavior works because they “deliver the numbers.” Others rationalize their behavior by exclaiming, “Yeah, he’s tough on his people, but judge his abrasiveness in the context of everything he’s achieved.”

The Leader Sets the Tone for Workplace Culture

Workplace incivility can take many subtle forms and it is often provoked by thoughtlessness more willingly than by actual malice. A leader’s behavior tells employees what counts—and what’s rewarded and what’s punished. Leaders are role models. Therefore, others pay attention to everything they say and every move they make.

The tone at the top is the foundation upon which the culture of an organization is built. A leader is the face of an organization and the figurehead to whom employees ultimately look for vision, guidance, and leadership. When leaders throw temper tantrums, swear, or engage in appalling behavior, the message they convey within their organizations is that such behavior is acceptable.

The human brain is wired to learn by imitation. For instance, a child is wired to mimic the behaviors of higher status individuals like parents and teachers. Similarly, adults emulate the behaviors of those they deem of higher status—employees look at their boss to determine how to behave in the organization and what it takes to be promoted. In competitive work environments of the modern day, when employees see that those who have climbed the corporate ladder tolerate or embrace uncivil behavior, they’re likely to follow suit.

Postscript: Don’t blatantly imitate a hero. Those of you who worship Steve Jobs had better perceive his operative style as an anomaly rather than as a model of leadership worth imitating. Simply lifting his methods from anecdotes such as Indra Nooyi’s and the Walter Isaacson biography and imposing them on your employees will not necessarily yield Jobs-like results. As I’ve written previously, the career advice that works for the superstars is not necessarily what will work for most ordinary folks. So, don’t be misled by their “it worked for me” advice.

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  3. The Poolguard Effect: A Little Power, A Big Ego!
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  5. This is Not Responsible Leadership: Boeing’s CEO Blames Predecessor

Filed Under: Leadership, Managing People, Sharpening Your Skills Tagged With: Attitudes, Etiquette, Getting Ahead, Humility, Icons, Integrity, Leadership Lessons, Respect, Role Models, Steve Jobs

Inspirational Quotations by Oprah Winfrey (#669)

January 29, 2017 By Nagesh Belludi Leave a Comment

Today marks the birthday of Oprah Winfrey (b. 1954,) media personality and philanthropist. She is one of the richest and most influential women in the United States.

Born into poverty, Winfrey ran away from home at age 13 after being subjected to domestic abuse. At 14, she had a son who was born prematurely and died shortly after birth. Winfrey then made education her top priority, worked as a radio reporter while in high school, and studied broadcasting at Tennessee State University.

At age 22, Winfrey co-anchored the evening news in Baltimore. Two years later, she started cohosting a talk-show called “People Are Talking.” In 1983, she moved to Chicago to host a 30-minute morning talk show called “AM Chicago” which was later renamed the “Oprah Winfrey Show” after her ratings skyrocketed. In 1986, her TV show became nationally syndicated and was broadcast in 138 cities. It became the most popular daytime talk show of all time and ended in 2011. In 1996, Winfrey started her televised book club; each book she selected for her club sold more than 500,000 copies.

Besides being a media mogul, Winfrey is also a prominent philanthropist and has donated to various educational and racial causes. She is the primary benefactor of the Oprah Winfrey Leadership Academy for Girls in South Africa.

Winfrey publishes O, The Oprah Magazine and has co-authored five books. Her memoir, The Life You Want, is due in 2017.

Inspirational Quotations by Oprah Winfrey

The more you praise and celebrate your life, the more there is in life to celebrate.
—Oprah Winfrey (American TV Personality)

I will just create, and if it works, it works, and if it doesn’t, I’ll create something else. I don’t have any limitations on what I think I could do or be.
—Oprah Winfrey (American TV Personality)

Real integrity is doing the right thing, knowing that nobody is going to know whether you did it or not.
—Oprah Winfrey (American TV Personality)

For every one of us that succeeds, it’s because there’s somebody there to show you the way out.
—Oprah Winfrey (American TV Personality)

Biology is the least of what makes someone a mother.
—Oprah Winfrey (American TV Personality)

What material success does is provide you with the ability to concentrate on other things that really matter. And that is being able to make a difference, not only in your own life, but in other people’s lives.
—Oprah Winfrey (American TV Personality)

I was raised to believe that excellence is the best deterrent to racism or sexism. And that’s how I operate my life.
—Oprah Winfrey (American TV Personality)

Living in the moment means letting go of the past and not waiting for the future. It means living your life consciously, aware that each moment you breathe is a gift.
—Oprah Winfrey (American TV Personality)

I don’t think of myself as a poor deprived ghetto girl who made good. I think of myself as somebody who from an early age knew I was responsible for myself, and I had to make good.
—Oprah Winfrey (American TV Personality)

I am a woman in process. I’m just trying like everybody else. I try to take every conflict, every experience, and learn from it. Life is never dull.
—Oprah Winfrey (American TV Personality)

Unless you choose to do great things with it, it makes no difference how much you are rewarded, or how much power you have.
—Oprah Winfrey (American TV Personality)

My philosophy is that not only are you responsible for your life, but doing the best at this moment puts you in the best place for the next moment.
—Oprah Winfrey (American TV Personality)

I believe that every single event in life happens as an opportunity to choose love over fear.
—Oprah Winfrey (American TV Personality)

If you want to accomplish the goals of your life, you have to begin with the spirit.
—Oprah Winfrey (American TV Personality)

Breathe. Let go. And remind yourself that this very moment is the only one you know you have for sure.
—Oprah Winfrey (American TV Personality)

The thing you fear most has no power. Your fear of it is what has the power. Facing the truth really will set you free.
—Oprah Winfrey (American TV Personality)

Every time you suppress some part of yourself or allow others to play you small, you are in essence ignoring the owner’s manual your creator gave you and destroying your design.
—Oprah Winfrey (American TV Personality)

I believe that you tend to create your own blessings. You have to prepare yourself so that when opportunity comes, you’re ready.
—Oprah Winfrey (American TV Personality)

Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.
—Oprah Winfrey (American TV Personality)

The whole point of being alive is to evolve into a complete person you were intended to be.
—Oprah Winfrey (American TV Personality)

I believe that one of life’s greatest risks is never daring to risk.
—Oprah Winfrey (American TV Personality)

Create the highest, grandest vision possible for your life, because you become what you believe.
—Oprah Winfrey (American TV Personality)

Luck is preparation meeting opportunity.
—Oprah Winfrey (American TV Personality)

I don’t believe in failure. It is not failure if you enjoyed the process.
—Oprah Winfrey (American TV Personality)

The biggest adventure you can ever take is to live the life of your dreams.
—Oprah Winfrey (American TV Personality)

You can have it all. You just can’t have it all at once.
—Oprah Winfrey (American TV Personality)

Filed Under: Inspirational Quotations

Addiction to Pleasure is a Symptom of Fear

January 27, 2017 By Nagesh Belludi Leave a Comment

The Problem is Not That There is Pleasure …

The historical Buddha offered a profound analysis of the suffering that is an element of human existence.

The first of the Buddha’s Four Noble Truths teaches that life encompasses “unsatisfactoriness”—or suffering. In other words, life, by its nature, is difficult, flawed, and less-than-perfect.

The second of the Four Noble Truths teaches that the origin of suffering is attachment—or craving and desire. Indeed, the desire to avoid pain and seek pleasure itself leads to suffering.

The key to understanding the Buddha’s diagnosis of human suffering is the concept of clinging to pleasure, and with that, creating a world of suffering. Whenever we seek pleasure, not only do we become dependent on the eagerness to find it, but also we create an existence of suffering, because pleasure is impermanent and fleeting.

… The Problem is That There is Clinging to Pleasure.

The third and the fourth of the Four Noble Truths teach that the way to become enlightened is to purge ourselves of our attachment to pleasure or to any source of satisfaction that could trigger distress in seeking to make it permanent.

Discussing the reality that clinging to pleasure always brings pain, the meditation teacher and author Christina Feldman writes in The Buddhist Path to Simplicity,

'The Buddhist Path to Simplicity' by by Christina Feldman (ISBN 0007323611) The other great obstacle to mindful attention is our addiction to pleasure; an addiction that holds within it our fear of being overwhelmed or paralyzed by the unpleasant, challenging thoughts, encounters, feelings and sensations that are part of the fabric of our lives. By filtering our senses and minds with food, sound, information, and entertainment, we also numb ourselves. Increasingly, we find it difficult to embrace the unpleasant events or challenges that life brings to us. We forget the simple truth that freedom relies upon embracing the whole of our life and world. Busy with pursuing, avoiding, and modifying we attempt to convince ourselves that we are safe from the unpredictability of a life that offers no guarantees. We try to build sandcastles before an oncoming tide.

Our life will continue to bring us the sweet, delightful, even glorious moments, but it will also bring the sour. We cannot command the world or our mind to deliver to us only the pleasant and shield us from the unpleasant. Bare attention teaches us to find balance and steadiness; it protects us from fear and offers a reliable refuge in a changing and fragile world. Mindfulness is always available and we are invited to help ourselves to the peace and freedom it offers.

The stillness and calmness born of bare attention are not ends in themselves but a door to liberating wisdom. They are the foundation upon which understanding is built. Wisdom is an understanding of the nature of life and ourselves, deeply seeing what is true on a cellular level. Listening to the story of the present moment invites us to understand the story of all moments.

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Filed Under: Belief and Spirituality, Living the Good Life Tagged With: Buddhism, Mindfulness, Philosophy

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

January 24, 2017 By Nagesh Belludi 5 Comments


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.”

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. How to … Change Your Life When Nothing Seems to be Going Your Way
  3. 12 Sensible Ways to Realize Self-Responsibility
  4. How Can You Contribute?
  5. Choose Pronoia, Not Paranoia

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

Inspirational Quotations by Francis Bacon (#668)

January 22, 2017 By Nagesh Belludi Leave a Comment

Today marks the birthday of Francis Bacon (1561–1626,) the great English natural philosopher, statesman, and pioneer of modern scientific thought. Bacon’s abundant writing spanned scientific methodology, religion, moral philosophy, and judicial administration.

Bacon started his political career at age 23 when he became a Member of Parliament. He opposed Queen Elizabeth I’s tax program, fell out of her favor, and encountered difficulty advancing his career. After James I acceded the throne in 1603, Bacon’s career flourished; he ultimately rose to become the Lord Chancellor, one of Britain’s highest political offices. However, his political career ended in disgrace in 1621 when the British Parliament incriminated him for accepting bribes and banished him from holding public office. James I revoked Bacon’s sentence and allowed him to write in retirement.

Bacon’s real interests lay in science. He challenged the Aristotelian notion that scientific truth could be reached by means of authoritative argument (wherein knowledgeable people discuss a subject long enough to eventually ascertain the truth.) In his early text, Cogitata et Visa (1607,) Bacon first proposed the idea of inductive reasoning. And in his best-known work, Novum Organum (1620,) Bacon not only advocated observable evidence and rational investigation, but also promoted the dismissal of hypotheses founded on incomplete and insufficient proof. His philosophy, now known as the scientific method, has since been the basis of all experimental science.

Ironically, Bacon’s scientific method ultimately took his life. When journeying in the snow-filled countryside one day, Bacon hit upon the idea of using snow to preserve meat. To test his hypothesis, Bacon purchased a fowl and stuffed it with snow. Later that day, he developed a cold that advanced into pneumonia and killed him.

Inspirational Quotations by Francis Bacon

Truth will sooner come out from error than from confusion.
—Francis Bacon (English Philosopher)

For all knowledge and wonder (which is the seed of knowledge) is an impression of pleasure in itself.
—Francis Bacon (English Philosopher)

The job of the artist is always to deepen the mystery.
—Francis Bacon (English Philosopher)

The worst solitude is to have no real friendships.
—Francis Bacon (English Philosopher)

Money is like muck, not good except it be spread.
—Francis Bacon (English Philosopher)

Knowledge, that tendeth but to satisfaction, is but as a courtesan, which is for pleasure, and not for fruit or generation.
—Francis Bacon (English Philosopher)

Money makes a good servant, but a bad master.
—Francis Bacon (English Philosopher)

Be angry, but sin not. Let not the sun go down upon your anger. Anger must be limited and confined, both in race and in time.
—Francis Bacon (English Philosopher)

There is a difference between happiness and wisdom: he that thinks himself the happiest man is really so; but he that thinks himself the wisest is generally the greatest fool.
—Francis Bacon (English Philosopher)

Young people are fitter to invent than to judge; fitter for execution than for counsel; and more fit for new projects than for settled business.
—Francis Bacon (English Philosopher)

The monuments of wit survive the monuments of power.
—Francis Bacon (English Philosopher)

Riches are a good handmaid, but the worst mistress.
—Francis Bacon (English Philosopher)

Nothing is terrible except fear itself.
—Francis Bacon (English Philosopher)

Hope is a good breakfast, but it is a bad supper.
—Francis Bacon (English Philosopher)

Prosperity discovers vice, adversity discovers virtue.
—Francis Bacon (English Philosopher)

Read not to contradict and confute; nor to believe and take for granted; nor to find talk and discourse; but to weigh and consider.
—Francis Bacon (English Philosopher)

Men in great place are thrice servants; servants of the sovereign or state, servants of fame, and servants of business; so that they have no freedom, neither in their persons, in their actions, nor in their times.—It is a strange desire to seek power over others, and to lose power over a man’s self.
—Francis Bacon (English Philosopher)

Friendship increases in visiting friends, but in visiting them seldom.
—Francis Bacon (English Philosopher)

Knowledge itself is power.
—Francis Bacon (English Philosopher)

Seek first the virtues of the mind; and other things either will come, or will not be wanted.
—Francis Bacon (English Philosopher)

Reading maketh a full man, conference a ready man, and writing an exact man.
—Francis Bacon (English Philosopher)

By far the greatest hindrance and aberration of the human understanding proceeds from the dullness, incompetency, and deceptions of the senses.
—Francis Bacon (English Philosopher)

Who questions much, shall learn much, and retain much.
—Francis Bacon (English Philosopher)

It is a miserable state of mind to have few things to desire and many things to fear.
—Francis Bacon (English Philosopher)

No pleasure is comparable to the standing upon the vantage-ground of truth.
—Francis Bacon (English Philosopher)

Opportunity makes a thief.
—Francis Bacon (English Philosopher)

It is not possible to run a course aright when the goal itself has not been rightly placed.
—Francis Bacon (English Philosopher)

Nothing doth more hurt in a state than that cunning men pass for wise.
—Francis Bacon (English Philosopher)

A wise man will make more opportunities, than he finds.
—Francis Bacon (English Philosopher)

Filed Under: Inspirational Quotations

Bertrand Russell’s Ten Commandments of Honest Thought and Discourse

January 20, 2017 By Nagesh Belludi 1 Comment

The celebrated British mathematician, logician, and political activist Bertrand Russell (1872–1970) is one of the most widely read philosophers of the 20th century.

As a lifelong patron of lost causes, Russell published an essay titled “The best answer to fanaticism: Liberalism” in the 16-December-1951 issue of The New York Times. In this essay, he supported liberalism—the political philosophy founded on the importance of human individuality and equality, and a restraint of the stern grip of law and authority.

A tireless champion of morality and reason that he was, Russell wrote in this essay,

“the essence of the liberal outlook is a belief that men should be free to question anything if they can support their questioning by solid arguments. … The opposite view, which is maintained by those who cannot be called liberals, is that the truth is already known, and that to question it is necessarily subversive.”

Bertrand Russell’s Decalogue of Critical Thinking

Beyond political philosophy and classical liberalism, this essay is famous for Russell’s vision for honest thought and discourse. Here is that thought-provoking list in full form—worth reading and practicing.

Perhaps the essence of the Liberal outlook could be summed up in a new decalogue, not intended to replace the old one but only to supplement it. The Ten Commandments that, as a teacher, I should wish to promulgate, might be set forth as follows:

  1. Do not feel absolutely certain of anything.
  2. Do not think it worthwhile to produce belief by concealing evidence, for the evidence is sure to come to light.
  3. Never try to discourage thinking, for you are sure to succeed.
  4. When you meet with opposition, even if it should be from your husband or your children, endeavor to overcome it by argument and not by authority, for a victory dependent upon authority is unreal and illusory.
  5. Have no respect for the authority of others, for there are always contrary authorities to be found.
  6. Do not use power to suppress opinions you think pernicious, for if you do the opinions will suppress you.
  7. Do not fear to be eccentric in opinion, for every opinion now accepted was once eccentric.
  8. Find more pleasure in intelligent dissent than in passive agreement, for, if you value intelligence as you should, the former implies a deeper agreement than the latter.
  9. Be scrupulously truthful, even when truth is inconvenient, for it is more inconvenient when you try to conceal it.
  10. Do not feel envious of the happiness of those who live in a fool’s paradise, for only a fool will think that it is happiness.

Wondering what to read next?

  1. There Isn’t a Practical Reason for Believing What Isn’t True [Two-Minute Mentor #8]
  2. To Know Is to Contradict: The Power of Nuanced Thinking
  3. Why People are Afraid to Think
  4. Realize the Truth Yourself
  5. Some Problems Don’t Have Answers. They Have Tensions.

Filed Under: Sharpening Your Skills Tagged With: Bertrand Russell, Critical Thinking, Mental Models, Philosophy, Wisdom

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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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