A veteran food trader told me that he knew he had "made it" when he found that a shipment of food he sold arrived to a port .. and the wood cases were contaminated with termites.
The back story is a bit long, but he was sabotaged by a competitor. At that moment, he knew he was on to something.
The initial reaction was a bit of frustration and intimidation for this costly sabotage. Yet he soon realized the silver lining of the situation: the competition was worried because they knew that he had chops. That he was a threat.
If you feel someone (or some organization) in your industry is starting to attack you, be it verbal, physical, passive/aggressive, etc., it may be really good news: they see you as a worthy adversary that has something to offer.
Don't give up because of a few termites.
Tynan.com community: Is anybody investing in other cryptocurrencies outside of Bitcoin?
I am quite interested in Peercoin - check out info here and here. Would love to see how the community feels about it. Feel free to discuss other alternative currencies.
I know entrepreneurs who are very conservative and cautious. They methodically take decisions and are risk averse. But it is not a "learned" way to operate. It is their natural disposition to be cautious.
On the other hand, I have always had an impulsive/risk-taking personality. I love to gamble and not just in a casino setting. It's how I'm wired.
One major downside of being this way is that I am inclined to over-extend and/or make rash decisions without thinking them through.
Knowing that I have this disposition, I have been working on channeling this energy to avoid impulsive decisions and make them more instinctual.
1. I don't react right away. I may wait a day to make a decision. "One day?" you ask. "That's it?" Well it is a lot more than one minute and allows for me to weight out pros and cons. Having that time to think allows me to utilize my strength of acting fast but minimizes the impulsive aspect of the decision.
"Life is not long, and too much of it must not pass in idle deliberation how it shall be spent; deliberation, which those who begin it by prudence, and continue it with subtlety, must, after long expense of thought, conclude by chance. To prefer one future mode of life to another, upon just reasons, requires faculties which it has not pleased our Creator to give us."
Taleb talks about non-linearity and things we are unable to understand. He frequently cites the news as mostly noise.
We have a tendency to put way too much faith/value into modern news / media / information that is readily available to the public.
I believe that there is less noise in private information. Things said off the air, away from the press, mentioned in confidence. Not as much spin. Perhaps more important details that wouldn't be shared with the masses for various reasons.
In business, what does the owner of the company say where their industry is going in a private dinner? How did they negotiate with their supplier? How did they convince investors to join? What they state to the public is, generally, less valuable.
I don't pay attention to politics, but if I did, I don't really care too much about what CNN says, but I would love to know what high up gov't officials, lobbyists, and billionaires say behind closed doors.
It didn't take long for me to finish The Obstacle is The Way by Ryan Holiday.
Before starting it, I was concerned. Having read many of the works Ryan leaned on to write the book, thanks to being on his reading list for a few years now, perhaps there would be repetition of concepts I have already covered?
It turned out to be a fresh perspective. It centers on actionable lessons and tactics from stoicism.
"It’s simple: a method and a framework for understanding, appreciating, and acting upon the obstacles life throws at us. "
Telling someone to "keep your cool" and "control your emotions" isn't bad advice. Yet, without context, it is hard to act upon. Ryan elaborates on the concept, providing examples of success stories throughout history.
"Socrates bore no grudge. He said of attacks on him in the theater: 'If the criticism is just, I must try to reform myself. If it’s untrue, it doesn’t matter.' ”
In The Profit, Marcus Lemonis visits U.S. companies that are in a desperate position, either losing money or stunted growth. He then invests in the companies and tries to turn them around. I have seen 4 of the 12 total episodes so far and here are my observations:
I bet this has happened to you. You meet someone who has bad energy: vindictive, passive/aggressive, bitter. And then you find out their profession: yoga instructor!!!
All of us have bad days and bad moments. Regardless, when you meet a yoga instructor that has these traits, how can you take them seriously as a yoga professional?
I don't practice yoga, but it seems obvious that you want to create positive energy, unity with self, etc. Another example: an obese person selling health foods.
Whatever your profession is, picture the behavior of the top performers in your field. How do they act and feel? What impressions do they leave on other people?
Become aware of how you are perceived (I had to ask people) and adjust accordingly. In the long-term, aligning your behavior will pay dividends.
I've made an effort to rebuild by reading muscle. To get back to 1-3 books/week rhythm, I needed to work out my attention span. Luckily, I had some time off for the holidays. It is amazing what a week without internet on a farm will do for you.
Three keys to education via reading:
1. Choosing the right books .. Your peer group, Amazon, Good Reads, blogs, bibliographies of books you love, etc.
2. Active analysis and reflection of the books you are reading. I save notes from every book I read in a series of Google Docs. After a while, the first doc got too big and had to start a new one.
3. Mixing theory and practice. Integrate learnings into work/life projects. Balance learning, practicing, and doing.