Bias for action. Gets things done. Go-getter. Traits companies big and small look for. And for good reason, you're being hired to do things! However, action is a secondary step that often overshadows the primary step, direction. Clear direction is the foundation that enables our actions to takeoff. Without it, we're stuck in the mud. Striving for clarity is an underrated skill. Having the courage to ask ( seemingly ) obvious questions, and to check in, making sure we're all on the same page. "O bvious " questions are a low risk, high reward way to add value. At worst, you'll add confidence to our actions. At best, you discover a misalignment that saves us from a dead-end. The more people, the more clear we need to be. The bigger the initiative, the bigger the risk of reaching the finish line, only to realize expectations were off. Success is always uncertain. But we can be certain about what we want and what everyone's job is. Things that can be clea
We're in the mist of a decade-long bull run, one of the most impressive stock market rises in history. When times are booming, doomsday predictions tend to dominate the headlines. "Markets hit all-time-high, sign of an oncoming collapse?" "A recession is overdue, we're getting closer." Yes, as time passes we get closer to the next recession. It's very easy to say we're closing in on something because that's how time works. The difficult part is knowing exactly when it'll happen. People are terrible at predicting recessions. Paul Samuelson (Nobel prize winning economist), in 1966 joked that declines in U.S. stock prices had correctly predicted 9 of the last 5 American recessions, and his profession would kill for such accuracy. A study by the IMF found from 1992-2014, of 153 national recessions, only 5 were predicted by a consensus of private-sector economists in April of the previous year. That's ~3% success rate. At the