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
"Only liars manage to always be out during bad times and in during good times." - Bernard Baruch 10 days . That's all you need to miss for your investments to be cut in half. Markets are wildly unpredictable. They can swing 15% in either direction on any given day . Market timers try to be invested in the good days and be absent for the bad days ( like a terrible friend ). This strategy sounds simple enough but is practically impossible to implement. Why? Because no one can predict the future. Timing the market is hard but mistiming the market is easy. There's only a handful of great market days and they drive the majority of returns. Not being invested on these days severely handicaps your performance. J.P Morgan's 2019 Guide to Retirement analyzed the 20-year return of the S&P 500 from Jan 4 1999 - Dec 31 2018. Annualized returns were 5.62% . If an investor invested $10K and had the discipline to not tinker with their investments, their portfo