Tag: decision making

Favorite, Learnings

Parkinson’s Law: Money Management

Chris Labs

How much toothpaste do you use when you have a brand-new tube of toothpaste? A big ol’ glop of it, right? But when you open that cabinet drawer and find a nearly empty tube… my oh my, how the game changes. It starts off with an insane amount of squeezing, twisting, and turning. […] With a precarious balance of biting, one hand squeezing and tube twisting, while your other hand somehow tries to get the brush bristles to scoop out toothpaste, you have a victory. Isn’t it funny how much we change based upon what is available? Here is what … Continue reading Parkinson’s Law: Money Management

Learnings

What is it you are attempting to achieve here? You are trying to become rich.

Chris Labs

This must be the main focus of your business life. Becoming rich. Not becoming one of the world’s most famous athletes, or taking on Rupert Murdoch in the newspaper publishing and television business. You want to get rich rich. And you want to do it legally and as quickly as you can. “And so I became a magazine publisher. That was OK, but I forgot to keep my eye on the ball. The ball was to get rich. Instead, I decided to become one of the world’s best magazine publishers. Not smart. Why wasn’t it smart? It took me way … Continue reading What is it you are attempting to achieve here? You are trying to become rich.

Learnings

Trust your instincts

Chris Labs

Do not be slave to them, but when your instincts are screaming, Go! Go! Go! then it’s time for you to decide whether you really want to be rich or not. You can’t get rich by painting numbers. You can only do it by becoming a predator, by waiting patiently, by remaining alert and constantly sniffing the airand by bringing massive, murderous force to bear upon your prey when you pounce. -How to get rich, p.122 Continue reading Trust your instincts

Learnings

Think big and act small

Chris Labs

Have some great plans for the future. You know that the limits are set by you and there are no limits. But when comes the time to take actions, go small. Once you begin to believe that you are infallible, that success will automatically lead to more success, and that you have “got it made”, really will be sure to give you a rude wake-up call. By acting small, I mean remaining in touch. Remanining flexible. Constantly examining how your company could do better. Acting small in the early days of your business sets an example to those around. If … Continue reading Think big and act small

Learnings

A committee is a cul-de-sac in which ideas are lured and quietly strangled

Chris Labs

Of course, there is nothing wrong with robust debate, either with others or oneself. What is undesirable, however, is the pretense that any such debate can resolve the risks involved in advance. It cannot. All debate can do is clarify, support or contest the next step. The risks remain, however much talking is done. -How to get rich, p.31 Continue reading A committee is a cul-de-sac in which ideas are lured and quietly strangled