Jeff Bezos reveals why compromise is one of the worst ways to resolve a disagreement
"An example of a really bad way of coming to agreement is compromise. If I say the ceiling is 11 feet and you say 12 feet, we say let's call it 11 and a half. That's compromise"
"The advantage of compromise is it's low energy. But it doesn't lead to truth"
"Another really bad resolution mechanism is who's more stubborn. Two executives disagree, they have a war of attrition, and whichever one gets exhausted first capitulates. You haven't arrived at truth, and this is very demoralizing"
"Escalation is better than a war of attrition. Escalate to your boss and say, we can't agree, we like each other, we're respectful, but we strongly disagree, we need you to make a decision"
"Exhausting the other person is not truth seeking. Compromise is not truth seeking"
Social networking is another big deal; it's one of the advantages that older people have over younger people.
For example, now that I'm in my fortiesI know a bunch of other people who are relatively well-positioned in the dominance hierarchy, and they know all sorts of people, and so when I go to one of them and say you know, can you do X or do you know X they say no, but I know someone who can, and that's a huge advantage.
Another thing that you want to think about as you move through life is how you use your ability to build your social network properly
Underrated life advice: Make yourself easy to root for. Be kind. Be reliable. Celebrate other people’s wins. Work hard without complaining. Carry good energy into rooms. You'll be shocked by how many doors open for you by making life better for others.
The Two Different Paths: We are about to find out which path we are on. As I said in my last note, from my conversations with a number of world leaders in a number of countries, and as seems obvious to me, there will either be a) a U.S. win over Iran, which will require taking control over the Strait of Hormuz and assuring that Iran's nuclear program is dead—i.e., defanging Iran, or b) a U.S. loss, which is the result if these things don't happen.
Most senior policy makers I speak with believe that we are likely headed down the b) path and that will be made clear soon. It needs to be made clear soon because continuing on the current path or being more forceful will cause sharp increases in oil and gasoline prices and great difficulties during the high travel season, bad political consequences for President Trump, and difficulties in his upcoming meeting with President Xi in China. So, we should have that verdict soon.
The perception that the b) path is most likely is already leading to a view that the United States will not be a reliable protector against possible opponents like Russia in Europe and/or China in Asia, and that is already leading to actions being taken that are sensible in light of that belief, like leaders paying "tribute" visits to China. As explained before, this set of circumstances is likely to have some analogous consequences to Great Britain losing the Suez Canal in 1956. By the way, this is also happening at a time when China is earning huge amounts of money through its very strong exports—so much money that it is difficult for those Chinese earning the money to know what to do with it. This is making China a very important player in world capital markets as well as world trade. In other words, these events are making China geopolitically and financially stronger.
I remember this vaguely, but I read something someone shared last year that if you’re ever lucky to be blessed with motion, that wind at your back, run.
Run fast and far, for the wind is fickle and legs do tire. A moving man will meet his luck, as long as he never stops.
“Berkshire would’ve been a lot bigger if we had used leverage, but we would be sweating at night.”
“And it’s crazy to sweat at night…(pause) over financial things.” 😂
- Charlie Munger. 2015
“To be successful at anything, you don’t have to be special. You just have to be what most people aren’t: consistent, determined and willing to work for it. No shortcuts.”
— Tom Brady
Mary Barra, Chairman and CEO of General Motors, on the single most underrated trait that separates high performers from everyone else:
It's not intelligence, experience, or even talent.
She is direct about it:
"In my experience, in school and career, at work and at play, there are lots of talented people out there. But talent alone isn't enough. You need something more."
That "something more" is what most people overlook entirely.
"One thing that distinguishes those who really make a difference in life, those who really contribute, is passion and hard work. Remember, hard work beats talent, if talent doesn't work hard."
But @mtbarra takes it further than just working hard. Because working hard quietly, passively, and waiting for your turn doesn't move the needle either.
Most people operate on the edges. They show up, do the work they're assigned, and wait to be noticed.
Barra says that mindset is exactly what holds people back:
"Don't be content to work around the edges of your profession. Don't wait to be invited to important meetings or asked to work on crucial assignments. Instead, do what it takes to ensure that you're in the middle of your business."
The underrated trait is proactive hard work, not just hard work alone.
"Speak up, volunteer, show your enthusiasm, knock on doors."
And the compounding effect of that behaviour is significant at every level of an organisation:
"As an employee, your enthusiasm will make your job more interesting and get you noticed. As a manager, your passion will inspire others to join your team and work as hard as you to accomplish great things."
The people who consistently rise are the ones who stopped waiting for permission and started showing up like the work already mattered to them, because it always did.
Your co-founder got married.
Their spouse now has a legal claim on their shares.
You never thought about that.
Neither did they.
Their equity can become marital assets.
Guess what? You have no say in this 💀