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
Core and explore. A popular approach to investing that allows for a sensible portfolio with a hint of recklessness. The strategy is simple. Keep most of your holdings in a risk-appropriate portfolio and reserve a small portion (up to 10%) to go nuts. Whether that be mushroom stocks, Bitcoin or GameStop. Your cheat meal to an otherwise healthy diet. Trading is tempting. The thought of finding hidden gems or leveraging up your returns is exhilarating. It's the skydiving to indexing's drying paint. Having some "play money" is a good way to scratch this itch without putting your entire financial well-being at stake. The downside is the cost of entry. It's entirely possible you'll hit a few home runs. However, odds are you'll come up short over time. These losses compound and become a huge drag on your lifetime returns. Trading is addicting and time consuming. You'll be constantly checking your account and stressing over your next moves. It's a toll o