The Toxic Leadership Habits
Leadership coach and author Lolly Daskal on identifying someone with bad leadership skills: We all have things we need to work on. Maybe you catch yourself zoning out in meetings, or taking on work that you should be delegating. It’s important to pay attention to those areas and keep them under control. But some habits […]
Charlie Munger Says Failed Casino Owner Shouldn’t Be President
Charlie Munger thought failed casino owner President Trump should never ever be president. According to Bloomberg, at the 2016 Daily Journal Corp’s shareholders meeting, Munger declared, Munger, 92, responded to a question Wednesday at the annual meeting of his Daily Journal Corp. about whether a person who couldn’t make money in the gaming industry would […]
Swearing: The Foul Mouthed are to Be Pitied
Parents and teachers do their best to stop kids from swearing and using profane language. Yet, people resort to foul language, and it’s repellent. Jeff Minick, writes at the Intellectual Takeout commentary website: When I was a boy, my mother told me several times that men and women who habitually used profanity or obscenities were […]
Jeff Bezos’s Frugality: Desks Made Out of Doors
Andreesen Horowitz venture capitalist Ben Horowitz comments on Jeff Bezos’s frugality: Very early on, Jeff Bezos, founder and CEO of Amazon.com, envisioned a company that made money by delivering value to rather than extracting value from its customers. In order to do that, he wanted to be both the price and customer service leader for […]
Shared-Hardship People Model for Businesses in a Recession
Charlie Munger said at the 2009 Berkshire Hathaway annual meeting: Some of our businesses have a shared-hardship model, where they don’t layoff, at least not yet. And the businesses with that model tend to be very strongly placed economically. So I guess it shows that Benjamin Franklin was right, when he said, ‘It’s hard for […]
Intelligent Investing is Value Investing
Charlie Munger at the 2000 Berkshire Hathaway annual meeting: All intelligent investing is value investing. You have to acquire more than you really pay for, and that’s a value judgment. But you can look for more than you’re paying for in a lot of different ways. You can use filters to sift the investment universe. […]
Fleeting and Impermanent
Buddhist teacher Pema Chodron writes in The Places That Scare You: a Guide to Fearlessness in Difficult Times (2017): When I first heard this teaching it seemed academic and remote. But when I was encouraged to pay attention – to be curious about what was happening with my body and my mind – something shifted. […]
Turn Your Marketing Funnel Upside Down
Seth Godin presents a marketing lesson from the apocalypse: Too often marketers take a product and try to invent a campaign. Much more effective is to find a tribe, find a story and make a product that resonates, one that makes the story work. That’s the whole thing. A story that resonates and a tribe […]
The Tragedy of Richard Rainwater’s Incurable Brain Illness
Peter Elkind, Patricia Sellers, and Doris Burke comment about investor and Texas billionaire Richard Rainwater’s incurable brain illness in Fortune: PSP [Progressive Supranuclear Palsy] is a fast-moving, degenerative brain disease, with no treatment and no cure. The typical life expectancy from diagnosis: 4 1/2 years. “In the world I live in,” the doctor told Rainwater’s […]
The Real Impact of High Fees in Investing
Charlie Munger at the Daily Journal Meeting 2019: If you make 5% and pay two of it to your advisors, you’re not losing 40% of your future. You’re losing 90%. Because over a long period of time, that little difference causes a 90% disadvantage to you. So it’s hugely important for somebody who’s a long […]