...Achieving your long-term financial goals depends on two separate, yet complementary skills: fiscal discipline and investment discipline. Fiscal discipline means saving or otherwise gathering capital to invest, whereas investment discipline involves building a portfolio and managing risk in order to reach your investment goals...
...Like an artist who pursues both enduring excellence and shocking creativity, great companies foster a productive tension between continuity and change...
...When, ten years later, you look back at what you and the team accomplished, it may well look like a reverse triple somersault with two twists in pike, and it will have been exactly that, and you will have won the prize too. But you will have done it by doing the easier things perfectly thousands of times instead of the hard thing just once...
...Velocity and speed are different things. Speed is the distance traveled over time. I can run around in circles with a lot of speed and cover several miles that way, but I’m not getting anywhere. Velocity measures displacement. It’s direction-aware...
...Inertia is a pervasive, problematic force. It’s the pull that keeps us clinging to old ways and prevents us from trying new things. But as we have seen, it is also a necessary one. Without it, the universe would collapse. Inertia is what enables us to maintain patterns of functioning, maintain relationships, and get through the day without questioning everything...
...The only way to get what you’re worth is to stand out, to exert emotional labor, to be seen as indispensable, and to produce interactions that organizations and people care deeply about...
...The goal of a user guide is to set blindingly clear expectations on how to collaborate without extra second guessing...
...Place burgers atop bottom halves of buns. Top with onion slices and tomato slices. Spoon dollop of Texas Barbecue Sauce over. Cover with bun tops and serve, passing additional sauce alongside...
...people’s brains function differently when they perceive or anticipate scarcity...
...Motivation is much less about external prodding or stimulation, and much more about what’s inside of you, and inside of your work...
...The actions you take during your first few months in a new job have a major impact on your success or failure...
...To figure out where else you should build margins of safety into your life, think of the times you’ve been terrified and desperate. Those might be good places to start learning from experience and making the most of your second chances...
...For the best Ohio morning ever, in any weather, stop at Heartwood Coffee Roastery in Cleveland-adjacent Hudson, then disappear onto the trails of the Cuyahoga Valley National Park, next door...
..."You want a job description? It’s very simple: figure out what needs to be done and do it!"...
...focusing on spending rates at least puts the focus back on what households can control – what they spend, and what they earn – rather than focusing on or criticizing a savings rate that ultimately is more a result of other decisions than a decision unto itself...
...Three steps...Yum...
...the rise of the digital world has created a new wrinkle for estate planning: how to transition “digital” assets...
...The ultimate story of greed and glory, Barbarians at the Gate is the gripping account of these two frenzied months, of deal makers and publicity flaks, of an old-line industrial powerhouse that became the victim of the ruthless and rapacious style of finance in the 1980s...
...Here are 5 steps that can help when you manage a financial shock...
...If you're among the people who are still on the fence about what to do, the best way to make smart decisions is to go into the process armed with the facts...
