Jawad Mian Profile picture
Sep 6, 2020 12 tweets 3 min read Read on X
1) The last in-person "The Most Interesting Dinner" I hosted was in San Francisco in February.

We ended the evening with a timely reminder from prof. Clay Christensen about life's impermanence.

Think about the metric by which your life will be judged. 👇
stray-reflections.com/article/56/Wha…
2) Professor Christensen was diagnosed with cancer and faced the possibility he'd die sooner than he planned. This gave him important insight about life.
3) He knew his ideas had a substantial impact on the business world. But confronted with the disease, that impact was uninteresting to him.
4) He realized what mattered in the end was not how much money he made, but rather the people whose lives he touched.

So he made a resolution to live every day to that end.
5) Professor Christensen taught his students not to worry about individual prominence as a measure of success.

"Think about a metric by which your life will be judged."
6) The first dinner participant took issue with the words: “your life will be judged.”

He said that he doesn’t care about what other people think or how they judge him. He measures his life inwardly and “optimizes for happiness.”
7) Many agreed that family was all that matters in the end, although we tend to forget this in the humdrum of daily life.

It is so important to learn to say no.
8) @anuhariharan said @paulg taught her to ask a simple question to minimize regret and make the right decisions.

"Would I regret doing this when I’m 80?"
9) “Essentialism is a powerful antidote to the craziness that plagues our lives,” someone said, referring to the lessons he took from @GregoryMcKeown.

It completely reoriented the way he lives his life through the disciplined pursuit of less.
10) @_ram_ said his metric is gratitude: “What am I grateful for today?”

It’s a lifestyle choice. He’s always on the lookout for opportunities to feel grateful.
11) The final comment was to be completely present.

Our “monkey minds” keep us busy and distracted but we must find stillness and come back to the present moment.

“Everything will then come to its proper place.”
12) I love this quote from @TonyRobbins: "The quality of your life is a direct reflection of the quality of the questions you are asking yourself."

This is an important one: What's your metric?

Do tell. Would love to know.

stray-reflections.com/article/56/Wha…

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More from @jsmian

Jun 27, 2023
1) There are times when you learn something that explains everything.

While manufacturing activity is acutely sensitive to business cycles, did you know that services GDP did not shrink from one year to the next between the Korean war and the Great Recession?

That was a period… twitter.com/i/web/status/1…
2) Monthly business surveys show manufacturing has been contracting since November, and the downturn is confirmed by falls in container freight, diesel consumption, and industrial electricity sales. 

The ISM manufacturing PMI is below the 50-point threshold, consistent with the… twitter.com/i/web/status/1…
3) We are in a period very much like those ten recessions between 1950 and 2007, which saw manufacturing contract but services continue to expand.

This is an economic recession without a labor market recession. 

Are we going to see the labor market crack?

Is the recession… twitter.com/i/web/status/1…
Read 5 tweets
Jun 12, 2023
1) If you are waiting for a recession or trying to figure out why the US economy has not yet entered a recession...

What if I told you something else is going on? 🧵
2) Historically, manufacturing has been acutely sensitive to business cycles.

Services GDP has not really shrunk from one year to the next from the Korean war until the Great Recession. That was a period encompassing 10 recessions.
3) Monthly business surveys show manufacturing has been contracting since November, and the downturn is confirmed by falls in container freight, diesel consumption, and industrial electricity sales.
Read 14 tweets
May 24, 2023
1) I didn’t think it was possible, but I returned from my New York trip even more bullish.

I hosted a breakfast with long/short managers, a dinner with a younger group of CIOs and portfolio managers, and met one-on-one with various investors.

🧵
2) The macro folks are worried about rates volatility, the contraction in money supply, and tightening lending standards. 

The equity guys are puzzled by the resilient earnings season and stock market going up despite bad breadth.

The credit investors are surprisingly not as… twitter.com/i/web/status/1…
3) Could it be the popularity of private credit is more of a business development opportunity than an investing one?
Read 7 tweets
Apr 1, 2023
1) “What’s your dream?”

My friend’s question surprised me.

Even more surprising was my silence; I didn’t have an answer.

🧵
2) That is so strange, I thought. I had spent my entire twenties dreaming.

When did I stop?
3) “It’s the possibility of a dream coming true that makes life interesting,” Paulo Coelho wrote in The Alchemist.

It was the book that first got me dreaming.
Read 15 tweets
Mar 24, 2023
1) Fasting has become popular for its health benefits. But what has always interested me is the spiritual dimension.

In every culture and religion in history, fasting has endured as an instinctive and essential practice. 

Learn more 🧵
2) Prophet Moses fasted for 40 days and 40 nights when he was waiting for the revelation on the mountain of Sinai.
3) The gospels record Prophet Jesus fasted for 40 days before undergoing an intense confrontation with Satan.
Read 18 tweets
Mar 21, 2023
1) Since mid-June, we have believed that the stock market is in a bottoming phase that will result in new highs.

Others believe that the sideways consolidation is a continuation pattern with a soon-to-be completed break to new lows.

Who is correct? 🧵 Image
2) Why it matters: More investment mistakes arise from a dogmatic mindset than from uncertainty and confusion.
3) “The constant lesson of history is the dominant role played by surprise,” as Peter Bernstein once said.

“Just when we are most comfortable with an environment and come to believe we finally understand it, the ground shifts under our feet.”
Read 11 tweets

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