I met Jennifer in April of 2004. We got married in January of 2008. We celebrated our 10th Wedding Anniversary this week.
Wow, how time flies!
On one hand, it seems like just yesterday. On the other hand, portions of that decade seemed to take forever.
As an entrepreneur, I live in a weird "tense". For me, the future and present are often blended. Meaning, I imagine the future I want – and then I find the path to create (or manifest) that destiny. Not surprisingly, some of the things that were easy to imagine were hard to bring into reality (in a reproducible, efficient, and effective manner or process) ... And these things seem to take forever.
Other things (like relationships or the growth and maturation of my kids) seemed to happen in the blink of an eye.
I am consciously trying to be more mindful and grateful for the progress (and even the minor moments, wins, or curiosities) before me. The truth is that if you fail to notice them, you don't experience them.
Here is to experiencing all that you need or want ... and I hope the rest serves as raw material, learning, or fuel to get you there faster.
I was lucky enough to spend time with family and friends watching the Cowboys make the Los Angeles Chargers look good.
My mother always used to lead the table in answering "What are you thankful for?" After the groaning subsided, we would answer. Typically, the focus was predictable – family, togetherness, and health.
Those answers neglect a pivotal part of our happiness. People often view happiness or gratitude as a consequence of their surroundings ... of good things happening in the world around them.
A different, but potentially related question is ... does money buy happiness?
I asked my son, Zach, to answer ... Here is what he compiled.
Happiness is a complex issue. It differs from culture to culture, and more granularly from person to person.
One of the more basic questions is, where are the happiest people?
Unfortunately, finding out where the happiest people are doesn't tell us how to be happy. In fact, there's a whole section of economics called Happiness Economics that strives to figure it out.
Most studies show that money doesn't buy happiness ... above a certain point.
The studies show that there's an income level (relative to your cost of living) where increased money does not increase happiness. For example, in Hawaii, it would be $122,175, but in Mississippi, the threshold is only $65,850. Essentially, past subsistence, other factors matter more. Quality of life and work/life balance being two key ones.
The Easterlin Paradox states that while individuals in higher GDP countries were more likely to report happiness, it doesn't hold at a national level, creating the paradox.
The existence of a hedonic treadmill - or set point of happiness - may be up to debate, but this hits on an important distinction. Most people start yearning for money as a means of protection and care for themselves and their families, but don't change their goals once they've accomplished that.
If obtaining more money comes at the cost of your happiness is it worth it?
Finding the right balance can be hard. With most high-achievers, there's always a best next step, a new mountain to climb, a tougher challenge to surmount ... and nothing is ever enough.
While achievement drives me as well, I think the story below is worth considering below.
The Story of The Mexican Fisherman:
An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.
The Mexican replied, “only a little while. The American then asked why didn’t he stay out longer and catch more fish? The Mexican said he had enough to support his family’s immediate needs. The American then asked, “but what do you do with the rest of your time?”
The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.” The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise.”
The Mexican fisherman asked, “But, how long will this all take?”
To which the American replied, “15 – 20 years.”
“But what then?” Asked the Mexican.
The American laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!”
“Millions – then what?”
The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
Finding your own personal brand of happiness is vital ... to your success, your companies success, and the success of your relationships, and I was reminded of a video my dad shot on zero-based thinking.
To be happy, or successful, are there things you need to stop doing? Something you want to start doing? Or things you need to do more of? Food for thought to pair with your leftovers from Thanksgiving.
This post seems like it is about football ... but it is really a playbook of things we can do in business.
What Can Business Learn From Football Teams?
If you get a chance to watch an NFL practice ... I highly recommend it. It is an awesome experience and opportunity for a businessperson.
Each time I've watched a practice session I've come away impressed by the amount of preparation, effort, and skill displayed.
The Cowboys' coach is Jason Garrett. He is detail-oriented and intellectual. His pedigree ... he is a Princeton graduate who played quarterback in the NFL.
During practice, there's a scheduled agenda. Practice is broken into chunks, and each chunk has a designed purpose and a desired intensity. There's a rhythm, even to the breaks.
Every minute was scripted. You could tell there was a long-term plan ... but, there was also a focus on the short-term details (many details).
They alternate between individual and group drills. Moreover, the drills run fast ... but for shorter time periods than you'd guess. It is bang-bang-bang – never longer than a millennial's attention span. And they move from drill to drill – working not just on plays, but the skillsets as well (where are you looking, which foot do you plant, how do you best use your hands, etc.).
They use advanced technology (including advanced player monitoring, bio-metric tracking, and medical recovery devices ... but also things like robotic tackling dummies and virtual reality headsets).
They don't just film games, they film the practices ... and each individual drill. Coaches and players get a cut of the film on their tablet as soon as they leave. It is a process of constant feedback, constant improvement, or constant renewal.
How you do one thing is how you do everything. So, they try to do everything right.
Pro football is one thing. College football is another. But, even in high school, the coaches have a game plan. There are team practices and individual drills. They have a depth chart, which lists the first, second, and third choice to fill certain roles.
The focus is not just internal, on the team. They focus on the competition as well. Before a game, the coaches prepare a game plan and have the team watch tape of their opponent in order to understand the tendencies and mentally prepare for what's going to happen.
During the game, changes in personnel groups and schemes keep competitors on their toes and allow the team to identify coverages and predict plays. Coaches from different hierarchies work in tandem to respond faster to new problems.
After the game, the film is reviewed in detail. Each person gets a grade on each play, and the coaches make notes for each person about what they did well and what they could do better.
Think about it ... everyone knows what game they are playing ... and for the most part, everybody understands the rules, and how to keep score (and even where they are in the standings).
Imagine how easy that would be to do in business. Imagine how much better things could be if you did those things.
Alan is a wealth manager to the ultra-wealthy. His American Dreams show is very popular in Silicon Valley.
It's a show about finding your path in life, and making businesses thrive through adversity and challenging economic times.
We talked about my career path and how I went from a young lawyer to spending over 25 years running tech companies ... and we talked about the lessons I learned along the way.
It is different than other interviews I've done. Take a look.
How tempting is it to photoshop (or embellish) a little? In a recent survey of 2000 British people, more than 75% admitted to lying about themselves on social profiles.
Here is a chart ranking the most common topics people are most dishonest about.
Here Are Some Links For Your Weekly Reading - December 22nd, 2017
Here are some of the posts that caught my eye recently. Hope you find something interesting.
Lighter Links:
Trading Links:
Posted at 03:41 PM in Business, Current Affairs, Healthy Lifestyle, Ideas, Just for Fun, Market Commentary, Personal Development, Religion, Science, Trading, Trading Tools, Web/Tech | Permalink | Comments (0)
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