Be honest about yourself

Your team will tolerate you being less than you hope to be.They won’t forgive you being less than you claim to be.Be genuine. Admit your failings.Don’t try to know stuff that you don’t know, or do stuff that you’re not good at.There’s nothing wrong with not being perfect.There’s everything wrong pretending to be.Be honest about…

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Stop the little lies

You don’t have to tell all that you know, but you should be careful to always tell the truth. Never, ever tell a lie. Not even a little lie. Not even a fib. Never say anything that is not true. Once you break the seal it’s hard to go back. Better to stick to the…

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To disagree well you must first understand fully

Charlie Munger always says you must not get into a debate unless you know the other guy’s side of the argument better than he does. First, listen. Grapple with the issue on the table. Look at it from the perspective of all parties. Do everything you can to truly understand the matter at hand. Once…

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Let go of your unhappiness

Unhappy in your job? Unhappy in your suburb? Unhappy in your relationship? Why don’t you leave your job/suburb/relationship? I’ll tell you why: You prefer to be unhappy than step into the unknown. You prefer misery to uncertainty. If you can’t leave, fix your attitude. If you can leave, leave. Let go of your unhappiness.

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Give bad news immediately

It’s easy to break good news. What’s not easy is bearing bad news. Bad news for your team. Bad news for your partners. Bad news for your shareholders. Much easier to procrastinate. The problem is that whilst good news doesn’t require any action, bad news does. If things don’t go your way, you have to…

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If you’re going to react, overreact

Most times, there’s no need to react to the outside world. Competitors, critics, politics, whatever. It’s just noise. Ignore it. Focus on your business. Reacting is a distraction from you executing your mission. But sometimes you have to react. When that time comes, OVERreact. If you’re going to give energy to anything other than your…

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You see what people are made of in the fire

Gold ore is pretty ugly. It’s just a lump of black rock with the odd sparkly bit. To extract the pure gold, you need to put the ore  a fire. The heat separates the various elements, leaving the gold in pure form. The same process applies to people. We’re all a messy lump of stuff. There is only…

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If you constantly protect people’s feelings, you will infantilise them.

If you protect your team’s feelings, don’t be surprised if they behave like babies. They’ll throw tantrums when things don’t go there way, or when they disagree with the world. They will scream and shout, they will not listen, they will get nothing done. Don’t let your company go that way. Be candid with your team….

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Before starting a business, learn the relevant mental model

Charlie Munger says the secret to success is to learn as many mental models as you can, whereafter you have a latticework from which to hang facts. In the absence of a latticework, facts are meaningless. Here’s an example: Do you want to launch an Uber-like app? Or an online classified ads empire? Or another…

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Rejection is the path to success

Very few people enjoy being rejected. Very few people find great success. If you want to win as an entrepreneur, you need to be a salesman. Sales is a numbers game. No one has a 100% strike rate. You need some “no’s” if you’re going to find a “yes”. Instead of fearing rejection, get used to…

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Cross the bridge when you get there

You can see a problem ahead of you. An obstacle. A bridge to cross. If you’re not careful, it will distract you from the task at hand. If you’re distracted, you risk never reaching the bridge. What’s the point of worrying about a problem that is not yet in front of you? Don’t worry too…

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If someone has a problem with you, that’s his problem, not yours

You’ll have enemies. You’ll be criticised. You’ll have haters. So what? If someone has a problem with you, that’s his problem, not yours. Ignore the noise. Focus on your work.

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