Our nation’s democratic system functioned last night and we have a new President-elect. All Americans are bound, whether we like the outcome or not, to accept the results of our elections. We now have a special responsibility, as citizens of the greatest nation on earth, to do everything we can to support and defend our Constitution, preserve the rule of law, and ensure that our institutions hold over these coming four years. Citizens across this country, our courts, members of the press and those serving in our federal, state and local governments must now be the guardrails of democracy.
Corporate America is certainly talking more about AI since the release of ChatGPT. But by how much? And is the sentiment positive or negative? This blog post analyzes corporate earnings calls to gauge how executives view this new technology https://t.co/W5roaEkVX1
CVS's board is considering a possible breakup of the healthcare giant as it conducts a strategic review of the company https://t.co/TInhBDD2Nt https://t.co/TInhBDD2Nt
Somebody wrote me a plea for mentorship.
I answered him with this Charlie Munger / Mozart story:
A young man comes to visit Mozart.
"Mozart” he says, “I want to write symphonies”.
And Mozart says, “How old are you?”
The man replies; “I’m 23.”
And Mozart says, “You’re too young to write symphonies.”
The man replies; “But Mozart you were writing symphonies when you were 10 years old.”
And Mozart replies,
“Yes but I wasn’t asking other people how to do it.”"
If you come to me asking for mentorship, that is my answer: And I ain't no Mozart.
In other words: Don't ask me for mentorship. Just do the work. On your own. Like Mozart did. Nobody was teaching Mozart how to write music.
He just did.
Because he had a calling and a passion for it.
You tell me you don't know what to do? Then you are probably trying to do the wrong thing. And you need to figure out a different direction.
Imagine for a second that instead of asking Mozart how to write music, the young man would have used the moment to show Mozart some of his own compositions. That would have enabled him to enter into a conversation with Mozart about music and how to write it. Because Mozart was not a teacher. Had no calling to be a teacher. He did, however, have a calling to be a composer. This approach would not necessarily have succeeded, but it had a far better chance of succeeding than the blunt ask.
So if you want to ask me for mentorship; think again.
Rather, go to work on yourself. To become a better investor. A better analyst. A better person. And then show me some of your work: A stock write-up. A book review. Something else you have written. A video you made.
Something.
Anything.
Even better. Don't just send it to me. Share it with others. See who engages.
Charlie Munger: Full Transcript of Daily Journal Annual Meeting 2019
https://t.co/Bfec367mxi
To find a 10-bagger you first need to be confident the stock can double.
"Go as far as you can see; when you get there, you'll be able to see farther."
- J. P. Morgan
Spencer Fane reorganizes its leadership structure in an effort to minimize bureaucracy and let attorneys join teams that will address areas where they have the most passion. https://t.co/YqEHG3hsNs
Roger Federer’s Dartmouth Commencement Address
💡Effortless is a myth– success requires tremendous hard work
💡It’s only a point– he lost 46% of his points, so don’t sweat losses, keep going
💡Life is bigger than the court– enjoy a life outside of work
📹 https://t.co/Tq3Iu0SMP1
I was excited to obtain data from Leopard Solutions on law firm merger attrition for this column. How many lawyers from the target law firm remain after four years? It may be fewer than you think.
Anatomy Of Attrition: A Look At Law's Biggest Mergers https://t.co/XdCPYQqm0Q
A story about midlife career change.
On my 40th birthday, I told my wife, Emily, "If I were 10 years younger, I think I'd go to law school."
I'd said that a few times, mostly as a regret—a possibility that had passed.
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