Thursday, September 14, 2017

What I've learned since moving to D.C. (some of which should be obvious): 0117

5801.  If before dropping off to sleep you are assailed by worry, distress or fear, do not stay in bed.  Get up, turn on the lights, take a few deep breaths, read from a spiritual text, meditate for a few moments in front of a white candle, say a prayer – do anything other than staying there lying down.  You cannot defend yourself against these onslaughts while remaining snug in your bed.  If distressing feelings come back when you return to bed, get up, turn on the lights and try something else.  When you finally do feel peaceful back in bed, repeat your loving “I ams” and drift off to sleep ready to have your ears opened and your instructions sealed;
5802.  I am peaceful.  I am content.  I am love.  I am writing.  I am the governing power of the universe and I attract only to myself those who are in alignment with my highest ideals of myself;
5803.  August 26th 2017 is the 20th anniversary of the release of (the album) “Vegas” from “The Crystal Method;”
5804.  Caramel corn rice cakes are tasty;
5805.  Your thoughts usually follow your emotions;
5806.  Stories are made up;
5807.  Life is interconnected.  If you win at work, but fail in life’s other domains, you won’t be able to maintain that success.  Eventually, the bill comes due, and it’ll cost you your relationships, your health and more;
5808.  In times of crisis, we think we need leaders who are bold, confident and self-assured.  But this is completely wrongheaded.  What we really need are leaders who are humble and willing to listen;
5809.  The answers we get are often determined by the questions that we ask.  If we ask bad questions for the situation, we’re likely to get bad answers.  But if we ask better questions – empowering questions – we might get better answers;
5810.  Seven questions you can ask yourself when things head south: 1.  What does this make possible?  This helps to reorient you to look for new possibilities in the midst of troubles; 2.  What if it’s not the end, but a new beginning?  This helps to drag you out of that notion that you’re stuck.  Maybe if you look at it from a “new beginning” point of view, you can see something you missed; 3.  What if the answer is just over the next hill?  This question (and the next two) help to lengthen your time horizon.  You may not see the solution now, but how often has that been true before in your life?  Over time, you tend to work things out; 4.  What if I need this to prepare me for the next chapter?  Troubles often lead to changes in our lives.  We change jobs, shift careers and reevaluate things.  Maybe instead of asking “Why?” you should be asking “What should come next?” 5.  What will I tell my grandchildren about this?  This question adds an additional layer and helps to really pull you out of your “stuck” mental space.  It presupposes not only that you are going to get over this, but that you’re going to learn from it and distill lessons for future generations; 6.  What if God knows exactly what I need?  This question helps to reorient you spiritually.  It can help to consider that, even if we don’t quite get it yet, maybe God does; and 7.  What if God’s speaking to me in these troubles and blessing me?  This question helps to focus us on the blessings that can come from going through adversity;
5811.  Thirteen surefire ways to frustrate your hardworking employees: 1.  Be unresponsive.  Let their e-mails languish in your inbox.  Don’t return their voicemails in a timely fashion.  Let them wait for weeks; 2.  Cancel meetings at the last minute.  This is especially effective if they had to travel to the meeting or had to do a lot of preparation.  It’s a great way to show them that their time doesn’t matter; 3.  Yell at them in front of their peers.  This is even more dramatic if you can do it in front of their subordinates.  Nothing quite says, “I don’t have any confidence in you,” like public ridicule.  4.  Change your mind frequently.  This works best if you can get everyone excited about moving in a new direction.  Get them to invest lots of time, energy and money, and then suddenly change direction.  Bonus points if you don’t explain your rationale and leave them guessing; 5.  Don’t state your expectations.  Be vague.  Go silent.  Let them wonder.  When it comes time for their annual review, hold them accountable to specific goals that they should have guessed.  This way you can make them feel like a failure no matter how much they accomplish; 6.  Ask for things you know they don’t have.  If they present a summary, say, “Where’s the backup for this?  You don’t expect me to make a decision without the details, do you?”  If they present the details, say, “Do you have a summary?  You don’t expect me to wade through all these details, do you?”  Either way, keep them off balance; 7.  Focus on superficial things, ignore substance.  Log how much time they actually spend at their desk or in the office rather than evaluating what they actually accomplish.  Pay attention to their style and the way they dress.  These are way more important than the quality of their work.  Plus, they either have it or don’t; 8.  Micromanage.  Insist that they keep you informed of every step of the way on things you assign to them.  Second-guess their decisions.  Challenge their thinking.  Question every expense.  Give no slack.  They should spend more time answering your inquiries than getting any work done; 9.  Do all of the talking.  You’re the boss, right?  You got that job by being smarter, funnier and more experienced than the next guy.  Your subordinates need to shut up and listen to you – and take notes; 10.  Never praise them.  Take them for granted.  You are paying them to work for you.  When they do a great job, brush by it and give them a tougher assignment.  Keep raising the bar.  You don’t want them getting a “big head;” 11.  Catch them doing something wrong.  Be quick to trumpet their mistakes.  If you can do it in public, so much the better.  If they’re not perpetually discouraged, frankly, you are not trying hard enough; 12.  Remind them you are the fountain of all wisdom.  The only valid ideas are your ideas.  If you want their opinion, you’ll give it to them.  Find ways to explain why their ideas won’t work, unless you say them in your words; and 13.  Be moody.  A mercurial boss keeps everyone off balance.  Sometimes, you should be charming.  Other times, be angry.  But never let them know why.  Keep them wondering if it’s them or something else.  You want your people asking your assistant for a “weather report” before they meet with you.  “Is Bill in a good mood today or stormy?”  This will give them just enough hope to stay in the game, but ensure that they also stay frustrated, dreading each time they come into contact with you;
5812.  If you don’t want to frustrate and degrade your employees, all you have to do is start by inverting these suggestions:  Be responsive.  Clearly state your expectations.  Catch them doing something right, etc.;
5813.  S/he who needs the other person the least is in control of the relationship;
5814.  Put yourself in the position where you don’t need the other person as badly as they need you;
5815.  How do you do that?  Three suggestions: 1.  Be aloof at first.  Never fall in love with something you are trying to acquire – at least not at first.  Be a little aloof.  Don’t get emotionally attached.  Kick the tires; 2.  Don’t get too eager.  In negotiations, the first person to name a number usually loses.  So let the other person go first and pace your responses to theirs.  If they take 24 hours to respond, set your clock for tomorrow at this time; and 3.  Give yourself options.  This is important.  The more options you have, the more you will believe you don’t need any particular offer.  For example, if you want to sell a car at the best price?  Get multiple offers for it.  It will change your negotiating posture and put you in a position of strength;
5816.  4 ways to leverage positive expectations: 1.  Believe the best about people.  This may take a leap of faith, but it’s one that usually pays off.  Don’t look for every flaw in people.  Look for strengths, even hidden ones, that you can help build up;. 2.  See them as bigger than they are.  People usually think they’re less than they are.  So you have to over-dial it just to get them to see what they are capable of.  They sell themselves short.  You need to see them as good, long-term investments instead; 3.  Make your thinking visible.  Spell out your expectations when necessary.  Tell them you expect them to do the best they can.  When they fall short, you can draw them back to this vision of their best self; and 4.  Assume others will do it better than you could.  You may be very good at some things, but you’re not great at everything.  Don’t let your competence in a few areas lead to the sort of arrogance that lets you dismiss the best efforts of others.  They can do amazing things with a little positive reinforcement;
5817.  We usually get what we expect from others, whether we communicate those expectations directly or indirectly.  If we want to bring out the best in others, we must intentionally communicate the kind of expectations that will put them in the frame of mind to succeed;
5818.  (I know that hurt you.  )I’m sorry( for. . . ).  I was wrong.  Will you please forgive me?
5819.  “I’m sorry.”  Empathy is the ability to put ourselves in another person’s shoes and feel what they feel.  This is something we need to develop.  It takes humility.  Too often, we are preoccupied with our own feelings.  Empathy is the recognition that it’s not all about us.  Other people matter.  They have feelings, too, and those feelings are important.  By saying we are sorry – sincerely and with authentic humility – we validate them as human beings.  We are essentially saying, “I know you are hurt and I understand.  Your feelings are valid and I am sorry that I am the cause of them.  I’m not sorry because I got caught or because you called me out.  I’m sorry because of the hurt that I caused you;”
5820.  “I was wrong.”  This is the most difficult sentence of all.  Perhaps we live with the mistaken notion that we never do anything wrong.  Or perhaps we just think the other person should “give us a pass” because somehow we deserve it.  The truth is we all make mistakes.  If we are not guilty of sins of commission (i.e., deliberately doing something that offends others), we are guilty of sins of omission (i.e., failing to do what we ought and thereby offending others).  Religion can help prime the pump here.  One of the great things about being a Christian is being released from the need to pretend you are perfect.  We are sinners and we need forgiveness – from God and from the people we offend;
5821.  “Will you please forgive me?”  This is one of the most powerful sentences we can ever utter.  By phrasing this as a question, we acknowledge that forgiveness is not an entitlement.  We don’t deserve forgiveness.  We are asking for their mercy and forbearance.  This also acknowledges that it is a choice on the part of the other person.  They may withhold their forgiveness.  Perhaps they are not ready to make up.  They may need some space.  Yet, almost always the other person says, “I forgive you.”  With this simple sentence both of you are healed;
5822.  Focus on four ingredients in any job candidate (H3S): 1.  Humility: A humble person has a good sense of self, including a realistic grip on her/his strengths and weaknesses.  S/he makes other people feel smart and confident and is teachable.  S/he doesn’t gloat over her/his wins or downplays her/his mistakes.  S/he sees what needs to be done, pitches in and is excited playing her/his part on the team; 2.  Honesty: An honest person does not lie, exaggerate or misrepresent the facts.  S/he gives you “the good, the bad and the ugly” and owns her/her part.  You can bank on her/him keeping her/his commitments, even when it’s difficult, expensive or inconvenient to her/him; 3.  Hungry: A hungry person is driven to exceed whatever expectations are set for her/him.  Emboldened by a growth mindset, s/he’s always reaching for more and setting higher goals.  S/he relentlessly pursues the best solution and embraces change if it can take her/him or the company to a new level; and 4.  Smart: A smart person usually scores high on traditional IQ tests, but not always.  Some people are book-smart, but street-stupid.  A smart person is a quick study.  S/he can “connect the dots” without a lot of help.  S/he can think laterally and apply what s/he knows in one area to another.  S/he knows how to make complex subjects simple.  S/he asks thoughtful questions and is always eager to learn;
5823.  Meditation reduces anxiety.  Meditation tends to reduce the inner chatter that contributes to our anxiety.  Even short periods of meditation have delivered lasting benefits for people with anxiety disorders and would likely benefit those of us who just suffer from regular jitters;
5824.  Meditation boosts your focus and attention.  Both of these things are in short supply these days and are in danger of fragmentation from multitasking and social media.  Fortunately, researchers have found that “mindfulness training” likely improves “attention-related behavioral responses” by boosting our ability to focus;
5825.  Researchers had expected to find maybe a slight uptick in gray matter in select areas of our brains among folks who regularly meditate.  Instead, they are finding “significantly larger gray matter volumes” all over the place;
5826.  After just four days of meditation, one study found the unpleasantness and intensity of pain were reduced by 57 and 40 percent, respectively;
5827.  In 1994, a pair of researchers, named Joseph Raffiee and Jie Feng, set out to measure the success rate of business owners who stayed at their day jobs and started a business on the side versus those who quit their jobs to jump straight into full-time entrepreneurship.  For fourteen years, they followed the trajectories of five thousand American entrepreneurs and what they discovered was surprising.  The more cautious entrepreneurs, who did not quit their jobs, were 33 percent more likely to succeed, whereas the “risk-takers” were far more likely to fail.  In other words, it doesn’t pay to bet big;
5828.  It turns out that in the real world, the tortoise beats the hare.  Slow and steady really does win the race.  Whether you’re launching a dream, writing a book or getting into shape, most significant change starts with a step, not a leap;
5829.  Success always begins in the mind;
5830.  Frequent small steps beat occasional big leaps every time;
5831.  The first step to launching a big dream is just that, a step, not a leap.  Small changes over time lead to massive transformation.  You can do extraordinary things when you are patiently persistent;
5832.  One reason why diversification is so critical is that it protects us from a natural human tendency to stick with whatever we feel we know.  Once a person is comfortable with the idea that a particular approach works – or that s/he understands it well – it’s tempting to become a one-trick pony.  As a result, many people end up investing too heavily in one specific area;
5833.  It’s almost certain that whatever asset class you’re going to put your money in, there will come a day when you will lose 50-70%;
5834.  Individual investors can diversify by owning low-cost index funds that invest in six “really important” asset classes: 1.  U.S. stocks; 2.  International stocks; 3.  Emerging-market stocks; 4.  Real estate investment trusts (REITs); 5.  Long-term U.S. Treasuries; and 6.  Treasury inflation-protected securities (TIPS);
5835.  The holy grail of investing is to have 15 or more good – they don’t have to be great – uncorrelated bets;
5836.  Everything comes down to owning an array of attractive assets that don’t move in tandem;
5837.  According to Ray Dalio, by owning 15 uncorrelated investments, you can reduce your overall risk by about 80% and you’ll increase the return-to-risk ratio by a factor of five.  So your return is five times greater by reducing that risk;
5838.  Deciding on the right balance of stocks, bonds and alternatives is the most important investment decision you’ll ever make.  Whatever mix you choose, make sure you diversify globally across multiple asset classes;
5839.  Never bet your future on one country or one asset class;
5840.  Use index funds for the core of your portfolio.  For maximum diversification, you want exposure to stocks of all sizes: large-cap, midcap, small-cap and microcap;
5841.  You never want to be in a position where you’re forced to sell your stock market investments at the worst moment.  So it makes sense to maintain a financial cushion, if at all possible.  Make sure to have an appropriate amount of income-producing investments such as bonds, REITs, MLPs and dividend-paying stocks.  Also, diversify broadly within these asset classes: for example, invest in government, muni and corporate bonds;
5842.  The core of your portfolio is invested in index funds that simply match the market’s return.  But at the margins, it can make sense to explore additional strategies that offer a reasonable chance of outperformance.  For example, a wealthy investor might add a high-risk, high-return investment in a private equity fund;
5843.  Unsuccessful investors tend to buy the thing that’s gone up and sell the thing that’s gone down.  Rebalancing makes you do the opposite, forcing you to buy assets when they’re out of favor and undervalued;
5844.  There’s no need to fear market corrections and bear markets.  They provide the best opportunity to buy the bargains of a lifetime so you can leapfrog to a whole new level of wealth;
5845.  What counts is not reality, but rather our beliefs about it;
5846.  Beliefs are nothing but feelings of absolute certainty governing our behavior;
5847.  Beliefs can be the most powerful force for creating good, but our beliefs can also limit our choices and hamstring our actions severely;
5848.  It’s not enough to know what to do.  You also need to do what you know;
5849.  “Confirmation bias” is the human tendency to seek out and value information that confirms our own preconceptions and beliefs.  This tendency also leads us to avoid, undervalue or disregard any information that conflicts with our beliefs;
5850.  The “endowment effect” places greater value on something you already own regardless of its objective value.  This makes it much harder to part ways and buy something superior;