Escalating means saying you don’t believe you can successfully handle a situation and that you are passing the Responsible Party job to someone else. (1/5)
The person you are escalating to—the person to whom you report—can then decide whether to coach you through it, take control themselves, have someone else handle it, or do something else. (2/5)
It’s critical that escalation not be seen as a failure but as a responsibility. All Responsible Parties will eventually face tests that they don’t know whether they can handle; (3/5)
what’s important is raising their concerns so their boss knows about the risks and both the boss and the escalating RP can get in sync about what to do about it. There is no greater failure than to fail to escalate a responsibility you cannot handle. (4/5)
Make sure your people are proactive; demand that they speak up when they can’t meet agreed-upon deliverables or deadlines. Such communication is essential to get in sync both on the case at hand and on what the person handling it is like. #principleoftheday (5/5)
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If you're like most people, the idea of facing the unvarnished truth makes you anxious. To get over that, you need to understand intellectually why untruths are scarier than truths and then, through practice, get accustomed to living with them. (1/4)
If you're sick, it's natural to fear your doctor's diagnosis--what if it's cancer or some other deadly disease? As scary as the truth may turn out to be, you will be better off knowing it in the long run because it will allow you to seek the most appropriate treatment. (2/4)
The same holds for learning painful truths about your own strengths and weaknesses. Knowing and acting on the truth is what we call the "big deal" at Bridgewater. (3/4)
That was certainly the case in the 1990–2008 period. (1/4)
Throughout the long-term debt cycle, from 1945 until 2008, whenever the Federal Reserve wanted the economy to pick up it would lower interest rates and make money and credit more available, which would increase stock and bond prices and increase demand. (2/4)
That was how it was done until 2008—i.e., interest rates were cut, and debts were increased faster than incomes to create unsustainable bubbles. That changed when the bubble burst in 2008 and interest rates hit 0 percent for the first time since the Great Depression. (3/4)
The external conflict gauge shown here measures the levels of economic, political/cultural, and military conflict between pairs of major countries. (1/4)
As shown, the greatest conflict is between the US and China, the two greatest powers in the world that have comparable amounts of power—more than enough to make a war between them the most devastating in history. (2/4)
The amount of this conflict is 1 standard deviation above normal, which is pretty severe in relation to past conflicts between countries. (3/4)
I just read Life Force by @TonyRobbins and urge you to read it if you're interested in the science of living longer. (1/6)
I have found that there aren't many subjects that people care more about, that have shown greater scientific progress, and that most people are more ignorant about than longevity. (2/6)
That’s because up until now, too much information has been scattered all over the place to review and digest. In creating Life Force, Tony, who has devoted his life to making people healthy in mind and body, (3/6)
That is because all investments are exchanges of lump-sum payments today for future payments. (1/7)
What these future cash payments will be is determined by growth and inflation, what risk investors are willing to take in investing in them as compared to having cash in hand is the risk premium, (2/7)
and what they are worth today, which is called their “present value,” is determined by the discount rate. (3/7)
As of this writing there are varying amounts of conflict going on within different countries, as shown in this chart. (1/5)
Internal conflict is especially high in the United States, which appears to be in Stage 5 of the cycle (when there are bad financial conditions and intense conflict), while China appears to be in Stage 3 (when there is peace and prosperity). (2/5)
Changes to this measure can happen quickly—e.g., the changes that produced the Arab Spring, the conflicts in Hong Kong, internal wars in Syria and Afghanistan, recent big protests in Peru and Chile, etc.—leading to revolutionary changes in their internal orders. (3/5)