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
It goes without saying, Warren Buffet is a legendary investor. Even if you know nothing about investing, you know he's synonymous with success. A true household name. His track record speaks for itself. From 1965-2018, he led Berkshire Hathaway to annualized returns of ~ 20% . In contrast, the S&P 500 had average annual returns of ~ 9% over this time. Beating the market by twofold is impressive, to do it for decades is unheard of. How Does He Do It? Buffet is a value investor. He spends a lot of time analyzing fundamentals, only investing in companies that meet his rigorous standards. Should I Pick Stocks Like Warren? No. Despite his success, Buffet is a huge advocate of index investing. Why? Fees, Fees, Fees "A low-cost fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth." Fees devour returns. Index