Ideas From Me

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Helping others discover what’s good for them is more powerful than telling them. The value of an idea grows when you find it yourself.

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Ego is the illusion that others care about you as much as you care about yourself. They don’t. They’re too busy believing everyone is focused on them.

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One of the most powerful things a leader can say is, “I don’t know. What do you think? Teach me how to do this.” It shows humility and invites others to share their ideas and expertise. Everybody wants to help you more when you admit that you need it.

Lessons Learned From Others

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Jeff Bezos on wandering:

“PowerPoint is easy for the author and hard on the audience; writing a 6-page memo is the opposite—it’s hard for the author and easy for the audience. You can hide a lot of sloppy thinking behind bullet points. It’s really hard to hide sloppy thinking in a 6-page memo. My meetings often go longer than planned because I like to wander—starting with a crisp document and having a messy meeting. We begin with a 30-minute ‘study hall,’ reading silently and taking notes before discussing, so no one can bluff.”

Source: Jeff Bezos: Amazon and Blue Origin

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Rory Sutherland on prestige paradox:

“If people were attracted to those who drove expensive vehicles, truck drivers would be seen as more attractive than Ferrari drivers since trucks are actually more expensive. But the practical function of a truck diminishes its signaling value. If you want to show you have resources to spare, nothing beats waste. Waste proves that you have resources to burn.”

Source: The Marketing Secrets Apple & Tesla Always Use

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Morgan Housel on humble intelligence:

“I think a lot of times in the financial industry, where you can make a lot of money, it attracts people with very high IQs, PhDs, and strong analytical skills. These people are often the ones who forget the basics that matter most. It’s like in medicine, where many focus on advanced topics like mRNA, but what really matters is eating your vegetables, not smoking, and getting eight hours of sleep. The people who have the biggest brains are the ones who are most likely to ignore that because it's not intellectually stimulating. In investing, those who succeed are smart enough to understand the complexities but humble enough to remember the fundamentals.”

Source: Behind The Memo: The Impact of Debt

Valuable Finds

● 1,000 True Fans

● Jeff Bezos’ Business Advice

● The Value of Acknowledging Your Mistakes