People say short-term thinking is bad
But little drops make the mighty ocean
You build credibility by succeeding repeatedly on a thousand occasions solving the much ridiculed "short term" problems and fire-fighting
That's how "long term relationships" come into being
But little drops make the mighty ocean
You build credibility by succeeding repeatedly on a thousand occasions solving the much ridiculed "short term" problems and fire-fighting
That's how "long term relationships" come into being
My issue with @naval -
He has some penetrating things to say
But many impressionable folks are likely to reach the wrong takeaways from his soundbytes.
"long term" thinking doesn't mean you stop bothering about pleasing your boss today at work
You can't get away from that
He has some penetrating things to say
But many impressionable folks are likely to reach the wrong takeaways from his soundbytes.
"long term" thinking doesn't mean you stop bothering about pleasing your boss today at work
You can't get away from that
The likes of Taleb and Naval focus a great deal on jobs with "unbounded" upside risk
How to strike big
But there aren't that many jobs on earth of that kind
For most jobs, the upside risk is bounded, so is the downside risk
How to strike big
But there aren't that many jobs on earth of that kind
For most jobs, the upside risk is bounded, so is the downside risk
And what's needed to maximize on the upside risk in most jobs are good old fashioned virtues
Having a routine
Working 50 hours a week with focus and enthusiasm
Being considerate and helpful at work
Solving problems regardless of their "aesthetic" appeal.
Having a routine
Working 50 hours a week with focus and enthusiasm
Being considerate and helpful at work
Solving problems regardless of their "aesthetic" appeal.
Sure. These virtues alone may not make you the CEO of a Fortune 500 firm. That needs a lot of luck + talents of a different kind
But if you excel at these old virtues and make an impact day in and out, you will not be poor.
But if you excel at these old virtues and make an impact day in and out, you will not be poor.
The counter to this is the Tyler Cowen thesis that "Average is Over"
To succeed in the new normal, you need to be exceptional at something. Payoff is NIL or massive in this age of increasing automation
Maybe this is true to some extent in US, but developing world is far from it
To succeed in the new normal, you need to be exceptional at something. Payoff is NIL or massive in this age of increasing automation
Maybe this is true to some extent in US, but developing world is far from it
