Tag: decision making

Learnings

In your work, you should give disproportionate time to your One Thing

Chris Labs

View work as involving a skill or knowledge that must be mastered. This will cause youto give disproportionate time to your One Thing and will throw the rest of your work day, week, month, and year continually out of balance. Your work life is divided into two distinct areas – what matters most and everything else. You will have to take what matters to the extremes and be okay with what happens to the rest. Professional success requires it. -The One Thing, p.83 Continue reading In your work, you should give disproportionate time to your One Thing

Learnings

Be careful, because you can spend your whole life optimizing for nothing

Chris Labs

You can optimize anything to the infinity degree. It doesn’t matter how smart you are. Pick wisely WHAT you decide to optimize. For example with Slide, Max Levchin had brilliant engineers whose jobs where solely to increase the number of pokes (which is kind of a like on Fb) per user. Ultimately, they spent years just optimizing for nothing, Slide doesn’t exist anymore. -Max Levchin, as described by Shaan Puri on MFM, Ep. 274, 9mins Continue reading Be careful, because you can spend your whole life optimizing for nothing

Learnings

Willpower has limited battery life…

Chris Labs

But can be recharged with some downtime. It’s a limited but renewable resource. Because you have a limited supply, each act will create a win-lose scenario where winning in an immediate situation though willpower makes you more likely to lose later because you have less of it. -The One Thing, p.65 *I would add a caveat to that. When you do the right thing, the immediate reward can empower you to do the right thing again right away Continue reading Willpower has limited battery life…

Learnings

Success is about doing the right thing, not about doing everything right

Chris Labs

The fact of the matter is that aiming discipline at the right habits gives you license to be less disciplined in other areas. In fact, you can become successful with less discipline than oyu think, for one simple reason: success is about doing the right thing, not doing everything right. -The One Thing, p.55 Continue reading Success is about doing the right thing, not about doing everything right

Learnings

What’s the ONE thing you can do this week such that by doing it everything else would be easier or unnecessary?

Chris Labs

“Going small” is ignoring all the things you could do and doing what you should do. It’s recognizing that not all things matter equally and finding the things that matter most. It’s realizing that extraordinary results are directly determined by how narrow you can make your focus. -The One Thing, p.9 Continue reading What’s the ONE thing you can do this week such that by doing it everything else would be easier or unnecessary?

Learnings

What you work on and who you work with is far more important that how hard you work

Chris Labs

It’s pointless to work 15 hours per day… Instead, spend that time carefully monitoring what you spend your time on. It’s so easy to just do this one thing that brings low to zero value. But don’t Basically, you need to pick the right projects with unlimited upside. -Shaan Puri Continue reading What you work on and who you work with is far more important that how hard you work

Learnings

“If you have a 10% chance of a 100x return, you should take that bet every time even if it’s going to feel bad 9 out of 10 times.”

Chris Labs

If you want to improve something or develop something new, Ask yourself: What’s the best case scenario? If the best case scenario is 10-20% improvements… don’t work on this. It’s a waste of time (especially at your level). Aim for the big bets. -Jeff Bezos Continue reading “If you have a 10% chance of a 100x return, you should take that bet every time even if it’s going to feel bad 9 out of 10 times.”