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It's never too late for your career to peak
The hot streak
Researchers analyzed the career-long performance of more than 20,000 scientists, 3,000 artists, and 6,000 filmmakers.
They found and confirmed the existence of a "hot streak" in one's mid-career - a multiyear where there are a series of successful outcomes within a finite period.
Between 80% to 91% of people analyzed were likely to have at least one hot streak, while a third had two hot streaks.
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Key Ideas
Fail Fast!
In our Success obsessed society, failure is rampant, as every successful person has a string of past failures, and may have been a loser before eventually finding success.
Learning from Failure
The person who eventually succeeds after failing is the one who is using failure to learn, as a feedback mechanism, and applying those lessons in his future decisions.
Importance of Failing Fast
Failing Fast is crucial considering the first lesson of learning and taking feedback from failure.
The speed of failing ensures we take the path to success sooner rather than being stagnated and then having to pay the opportunity cost.
Our eventual success depends on our failing fast.
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Key Ideas
Mind The Limitations Of Your Brain
- Decide important things early in the day, else decision fatigue sets in.
- Have snacks to keep your glucose high, else your brain will respond more strongly to immediate re...
Listen To Your Body
As reaction to panic or stress the body pumps adrenaline, making you breath faster and certain parts of the body feel tight, that makes us prone to often incorrect snap judgments. When having that kind of response, close your eyes, take a few breaths, and take some time to consider your next action.
That buys you time to physically calm down enough to make a more considered choice.
Other Tips For Better Choices
- Be skeptic, meditate, learn from previous mistakes, know what the data and it’s context means, and trust your informed judgment.
- Focus on the quality of information you’re getting, not the quantity.
- Set a time limit for yourself, and ensure you’re not using your decision-making angst as a procrastination device.
- If you see that you prefer familiar and easier choices, ensure they aren’t being reframed to support something you wish was true.
- Crisp, clear decisions may seem like the best kind of decisions, but they may cost you time and extra effort when often the details may not even matter.
- Forcing yourself to choose may lead to you making high-risk decisions and ignoring alternatives.
- Imagine the effort you’re considering was a fantastic success, and then that it was an unequivocal disaster. Then, analyze the reasons for both to find blind spots, dampen excessive optimism, and bridge the gap between short-term and long-term thinking.
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Key Ideas
How we make decisions
New studies examined the relationship between how people make decisions - if they make it rationally or emotionally - and how determined they are to defend that choice.
They found t...
Implications of emotional decision-making
For marketers: Drawing out a decision based on feelings could encourage a stronger allegiance among consumers. This could be achieved through subtle tactics like visuals instead of words, or colors instead of gray-scale.
For consumers: Choices that need steadfast commitment should be made with emotion instead of weighing up pros and cons. Choices that need frequent consideration should be made rationally.