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
A single workout won't do much for your health. Reading a few pages won't make you much smarter. Meaningful results are a product of consistency over time. Today's reps are not today's results. True change comes from compounded effort.
Compound interest is a wonder. It's much easier to think linearly so exponential growth can seem magical to us, but it's very real and something we can harness.
As an investor, returns are important (obviously), but what makes them meaningful is time. A single day in the markets is trivial. To benefit from compounding you need to play the long game. Think decades, not days.
Investors fail by making moves that take them out early - before the magic happens. Putting all your eggs in one basket can leave you eggless. Over-leveraging can result in poorly-timed redemptions. Having more stock exposure than you're comfortable with can cause panic-selling during shaky waters.
You want a strategy you can stick with, even if it forgoes higher returns. A strategy with moderate returns that you can endure will outperform one with higher returns that you abandon.
Workouts that enable you show up everyday. Books that keep you coming back for more. Showing up everyday. This leads to meaningful results.
Want to be a successful investor?
Stay in the game.
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