Getting A Perspective

Strategy for Taking a Sensible Approach to a Disturbing Situation:

You get upset about something. It is all-consuming. But you know, deep down, it’s not that important. Perhaps this will help. While you are counting to ten, ask yourself these two questions:

  1. On a scale of 1 to 10, how much is this bothering me?
  2. On a scale of 1 to 10, how important will this seem to me in five years?

Example: My issue with a certain client who is not listening to my advice.

  • How much does it bother me now? 8
  • How much will it bother me in 5 years? 0

Asking these two questions reminds me that this is a temporary problem, one I can easily fix by allowing the client to improve or by dismissing him. With that in mind, I can relax.

The Stock Game

Photo: Helen D. Van Eaton

Good quotations about the Stock Game:

  • “There’s nothing wrong with cash. It gives you time to think.” (Robert Prechter Jr.)

  • “Stockbrokers know the price of everything but the value of nothing.” (Phillip Fisher)

  • “You can cut somebody’s hair many times, but you can only scalp him once.” (Anonymous)

  • In the business of money management, you are good if you are right six out of ten times.” (Peter Lynch)

  • “Nobody spends someone else’s money as carefully as he spends his own.” (Milton Friedman)

No Place is Better Than Home

No place is better than home. “East or west, home is best” — upon completing a round-the-world trip, Andrew Carnegie illustrated the universality of that sentiment with two stories:

• After hearing that he came from a country where rivers froze, tapioca workers in the woods near Singapore felt pity on him and invited him to come live with them.

• A Laplander, having made a fortune and traveled to all the great cities of the world, came back to his native town, Tromso, and built a two-story house — which by local standards was a mansion.

Believing Your Own Delusions

http://youtu.be/mdUxPLIJVgI

I have always been interested in martial arts but have never been taken in by stories of masters who could do superhuman things. I’ve heard stories of octogenarian black belts who could disembowel opponents or knock them over with the touch of a finger. My response was always, “How come I never see that in million-dollar mixed martial arts events?” The answer was always, “The master is too refined for that.”

 These videos show what happens when such masters start believing their own BS.

Measure for Measure

One of the many examples of government-inspired mumbo-jumbo is the idea of measuring unemployment. I’m talking about the oft-quoted unemployment rate.

Why measure unemployment? There’s really no way to do it accurately… and so many ways to fiddle with the numbers. For example, the government normally counts as unemployed only people who have looked for work within the past five weeks. It does not count the underemployed – people who have given up looking for a decent job to work bagging groceries in supermarkets.

Here’s a better idea: Measure employment — the number of people in a given economy who are actually working. Wouldn’t that make more sense? It would not only be easier to understand but also more difficult to monkey with.

Taking this a bit further, we could also measure the amount of money that employed people make, comparing sectors and time frames and so on. Wouldn’t that be more useful?

Reading Out Loud

Reading your writing out loud will tell you if it is good. The first time I tried it, I read several poems to my wife and found, as I was reading them, that I was instantly aware of how good or bad they were. I didn’t have to ask her. I knew.

Reading is More Engrossing Than Watching TV or Videos

Reading is more engrossing than watching movies, TV, or videos. It takes more energy. It demands more attention. It requires imagination. And all of that is both pleasurable and useful to the brain. One of the particular advantages of reading is that it is easy to pause and reflect. How often, when reading a book, do you put it down for a moment to ponder some thought suggested by what you just read? This doesn’t happen when you are at the movies. It doesn’t even happen at home when you have a remote control in your hands.

The Burden of Animosity

It is a burden to hate your enemies. It takes energy, sometimes a great deal of it. Hate (as well as envy, its little sister) distracts you from other, more productive endeavors. And it eventually consumes the best part of your self.

This is true in all aspects of life but is perhaps least forgivable in business. Business decisions should be rational. They should be somewhat intuitive but not encumbered by prejudices or other negative emotions.

I know businesspeople whose careers have been greatly hampered by envy and/or hate. RP and SA are two examples. They seem to spend half their creative time tracking the activities of competitors whose success they resent. They are always hoping to find evidence of wrongdoing or weakness or failure. I can’t help but think that if they spent the same time and energy improving their own products and promotions, they would be much richer men.

For the most part, envy and hate are self-destructive. But they can be very effective motivators. Read the biography of almost any successful person and you will find at least some evidence that they were, at one time or another, motivated by a negative emotion. If, for example, you read Arnold and Me (by Arnold Schwarzenegger’s first American girlfriend), you will understand how much Arnold’s amazing accomplishments were fueled by his childhood impression that he was the least favorite son and needed to “prove” himself.

You can’t erase the envy, resentment, or other base feelings you may have had in the past. If they have motivated you to be successful, you can be thankful for that. But if you want to have a happy life, to prevent them from eventually eating you up, you must find a way to stop hating the people you associate with them.

Find a way to forgive them or, as Jesus recommends, to love them. As Nietzsche said, “learning from one’s enemies is the best way to love them, for it puts one into a grateful mood toward them.”

Emily Dickinson

With her lifetime production of 1,700 poems, Emily Dickinson was one of the most prolific poets of all time.

You could replicate her feat by writing a poem a day (five a week) for less than eight years.

I did it for one year — and during the process my skills definitely improved. I don’t know if any of my poems will ever match her best stuff… but I know now that my good poems are better than her weak ones.