1/ Thread: Leadership is a personal growth engine in disguise.
Want to know where your biggest character flaws are?
Get into leadership or management.
Here's why:
2/ I’ve never built a business from the ground up.
But have had the good fortune of helping to run and manage one.
It helped me discover where I suck.
3/ No, I’m not talking about the areas where you lack skills or competency.
Those are easy ones to overcome:
stuff like being weak at numbers, poor in planning, inability to look at the big picture, speaking to clients.
Those gaps can be filled over time, for the most part.
4/ I’m instead talking about the soft, mushy things.
Stuff like who you are as a person.
Whatever character flaws you have (and try so hard to hide), it will be exposed in full naked glory for everyone on your team to see.
5/ If you having problems being on time (which is one of mine, among countless others), it lowers the trust your team has in you.
If you get flustered or stressed easily, those emotions will rub off on your team and reflect in the quality of their work.
6/ If you are overly critical and judgmental, it will show up in the lack of confidence your team members have of themselves.
No matter how hard you try to hide your flaws with a beautiful mask, it will eventually creep up behind you, and expose who you truly are as a person.
7/ There’s nowhere to hide these flaws.
Because they influence the business in every way.
When that happens, as a leader/ manager/ entrepreneur, you’re being forced to confront it head first, and have painful conversations with yourself or your team.
8/ But that doesn’t always happen.
Often, we are unaware of our own blindspots. Or it takes time for us to spot them.
And that’s when life starts to get fun.
9/ It gently nudges you at first with a pebble.
And if you fail to learn the lesson, it throws you a rock.
And if you still miss the hint, eventually it swings a 100 pound sledgehammer in your face at full speed.
It sends you signal after signal, until you get it.
END/ And only after you learn it, then you graduate and move on to the next lesson.
But school never ends.
Running or managing a business is a personal growth engine in disguise.
It’s like staring into a well polished mirror, naked.
15 lessons from Joys of Compounding by @Gautam__Baid
This was my favourite investing book of 2020.
I've read it twice.
And plan to re-read it again.
Many lessons on life, investing, and becoming a better human being.
1. Importance of revenue growth
"Long-term revenue growth—particularly organic revenue growth—is the most important driver of shareholder returns for companies with high returns on capital"
2. Zoom out
"The very fact that most of the talent and resources on Wall Street are focused on competing in the short-term arena of the next few quarters is what leads to a big opportunity for those who can look 3-5 years out and quietly consider the bigger picture."