Ho Ho Ho Gang –

Bitter pill for some of us… eh?

Well, the older I get the dumber I get and I like it!

Vicki

Today TalkingBittersweet is featuring an excerpt from Eric Barker’s weekly blog. It is practice stuff on getting your bearings and helping others in a disaster.

I live in earthquake country so I know it is always a possibility that in the next five minutes the earth could open up under me. Or a fire will start and the sky will turn grey and… well…just read it, put the info into your pipe and remember it.

Vicki

I am 20, high school graduant, in my gap-year and I find it pointless to pursue anything in this bizarre and temporary world that is so much against my values in every way possible. I believe I am speaking for a generation here. I am asking with the biggest admiration, what would you do in my/our situation?
EL, FRANKFURT, GERMANY

CHRONIC PERFORMANCE.

Today I have included an excerpt from a new book, The Performance Paradox by Eduardo Briceno. Eduardo writes from personal experience. As a young executive the stress he suffered as a result of his high performance expectations led to a significant physical problem. Eventually, he realized that in those years when he believed he should always 1) pretend and appear to be knowledgeable and decisive and 2) have the right answer vs sharing his thought process, he was withholding information that could have resulted in better decisions. Not to mention better personal health.

I spent many years in this land of performance but was lucky to have found a mentor who wanted to hear my thoughts more than my conclusions – and I fell in love with brainstorming.

Have a good Sunday!

Love, Vick

Housel’s newsletter this week is fascinating. Think about it next time you are “up against a wall”  – wanting to make a wise decision.

A FEW STORIES ABOUT BIG DECISIONS

By Morgan Housel

In 1964, Warren Buffett owned shares in an old industry company with fading prospects.

The company’s CEO viewed Buffett’s purchase as a threat to his job security, and offered to buy the shares back at a premium. Buffett was eager to sell, tired of watching the business struggle.

The two struck a deal: The company would buy all of Buffett’s stock at $11 1/2 per share.

Buffett received a letter shortly after formalizing the deal. The company would still buy all of his stock, but at $11 3/8 per share.

“It really burned me up,” Buffett recalled. “You know, this guy was trying to chisel an eighth of a point from having, in effect, shaken my hand saying this was the deal.”

Buffett confronted the CEO, who argued there was never a deal to begin with. That made him even more incensed.

So rather than selling, Buffett began buying as much of the stock as he could.

He eventually purchased more than a third of the company.

Biographer Alice Schroeder writes that, above all, Buffett’s motivation for buying more of the company’s stock was to stick it to the CEO who tried to screw him out of twelve cents per share.

The company – Berkshire Hathaway – became Buffett’s masterpiece.

Pablo Neruda’s acceptance speech for the Nobel Prize in Literature (excerpt), December 13, 1971,

There is no insurmountable solitude. All paths lead to the same goal: to convey to others what we are. And we must pass through solitude and difficulty, isolation and silence in order to reach forth to the enchanted place where we can dance our clumsy dance and sing our sorrowful song — but in this dance or in this song there are fulfilled the most ancient rites of our conscience in the awareness of being human and of believing in a common destiny.

Our original guiding stars are struggle and hope. But there is no such thing as a lone struggle, no such thing as a lone hope. In every human being are combined the most distant epochs, passivity, mistakes, sufferings, the pressing urgencies of our own time, the pace of history.

(…)