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Showing posts from February, 2021

BTFD

In investing, when someone is confident of the underlying equity, they'll "buy the f'-ing dip" (BTFD) when prices come down temporarily.  I'm not a good investor (in fact, whatever I buy dips, I've contemplated on coming up with reversed trade calls before😓).  Anyway, the BTFD concept is very apt for today's world.  BTFD in the real world Life likes to send challenges in our way.  Covid was one major challenge. How one reacts to such challenges (or 'dips') can make a huge difference, for example: Businesses which managed to pivot quickly during the lockdowns are now thriving. Folks who have made career switches that allow them to serve more clients remotely instead remain working for 'the man' have seen their income skyrocket. Others have launched side hustles and now can maximise the time spent at home.  These are just some success cases of BTFD-ing, in the real world.  Don't stay down, BTFD! When shit happens, if you have the confid...

"Am I the Idiot?"

Chinese New Year was a short affair this year. Hence, I managed to get through this: To get our way in life, we often have to come in contact with other humans. Some are pleasant, others less so, a handful may leave us feeling as though we've been shouting into the ocean with zero chance of getting a response.  ' Surrounded by idiots ' attempts to give us a way to categorise people into 4 main colors, based on general characteristics: On a closer look, this color system feels like a simpler version of the popular Myers Briggs system which has 16 personalities.  My pet peeve with the Myers Briggs system is that it's great for understanding yourself, but less effective in trying to understand others because of the details it goes into - great if you're a scholar but not as friendly if you're trying to navigate the world.  Trying to phenotype people on the fly is especially tough when you're an ISTJ or INTJ. Erikson's system seems way easier to implement in...

Ulysses Pact - how to prevent your future self from screwing up

Ulysses (aka Odysseus) is a Greek hero and King in Homer's Odyssey  which describes his journey home after a long, drawn out war. Along the way, his ship had to pass by the Sirens, whose songs were said entice sailors to change course and suffer a shipwreck.  Like any of us, he was curious about the Sirens' songs and he wanted to hear them for himself.  But he also wanted to make it back home without a shipwreck.  What did he do?  Source: Wikipedia As the captain of his ship, he ordered all his men to cover their ears with wax so that they do not get seduced by the Sirens' songs. Next, he made a pact with his men to bind him up on the mast, to ignore his demands of changing the course of the ship while they passed the Sirens and to have their swords on hand in case he breaks free from the mast.  They survived the journey passed the Sirens without a shipwreck.  This became known as Ulysses Pact or Ulysses Contract - a decision made in free-will today,...

Midlife Crisis at work - who's to blame?

There are many causes of midlife crisis.  But if the workplace is the main trigger, it could very well the fault of the manager.  At least that's what Lencioni suggests in his book:  3 Signs of a Miserable Job Using a long fable to illustrate his triangle of job misery, Lencioni has kept me on edge for a good 2+ hours as I followed the journey of Brian and his adventures to revitalize a small single owner restaurant and a chain of sports stores using: The Triangle of Job Misery Lencioni busts the myth about the role of a manager, which is often assumed to be to strategize and push profitability or pushing papers and reporting on financials.  Rather than the above, a manager should...manage.  And the Triangle of Job Misery gives managers a simple framework to manage their team. They should aim to reduce the following. Irrelevance: This is when a member feels as though their work isn't important or relevant. People need to be needed, and they need to be told so of...