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Why You Should Save Like A Pessimist, But Not Invest Like One
Avoid Investing Like A Pessimist
Pessimism has its limits. When it comes to investing in your future, you should be an optimist. If people try to get better at solving the recessions, panics, and wars, the long-term odds are in an economy's favor.
For investing, it means that as long as you're moving forward by seeking solutions, your initial investment will grow as well as the other investments you continue to put into the market.
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"Two roads diverged in a yellow wood, and sorry I could not travel both…I took the one less traveled by, and..."
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Deciding how to make good choices
Leaders should choose a decision-making model before moving into problem-solving.
Good choices at defining moments on important matters make all the difference for people, organizations, and societies. Every time you are in front of a defining and complex problem, you have a pivotal choice to make in how to find solutions and execute decisions.
Two decision-making models for tough challenges
- The hub-and-spoke decision-making model. It's likely you don't have enough experience, brainpower, or time to succeed. The way forward is using a small group of elite talent, traditional experts, or a consulting team and having them set the course. This model uses interviews and read-outs to provide all the information and perspectives required to draw solutions. The process can take a long period of time.
- Many-to-many decision-making model. You are engaging the talent in and around your organization. Whatever they are missing can readily be filled by external experts. The way to proceed is to ensure interactions between many specialized people in ways that combine their knowledge and talent to create unique recommendations. This model generates a high-volume of high-quality conversations. Speed to execution and change is the norm.
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Speaking With Conviction
When we use words and phrases like:
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... we end up downplaying our own ideas. We need to be more assertive and speak with conviction.
Speaking With Intention
By speaking clearly and maintaining eye contact, we can use words to hypnotize the audience.
Even our pauses in between our words can be used to gather our thoughts and make the listeners reflect on what you have just said.
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Key Idea
Steps To Happiness At Work
- Avoid "good" and "bad" labels.
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