Leadership means taking chances (and willingness to be wrong)

“Leadership is the ability to convince people to work together in pursuit of a common goal. Bezos’s decision to spend billions to ensure the safety of his supply chain stems from a vision that’s obvious only after being crazy/genius.”

Via Scott Galloway https://www.profgalloway.com/the-fourth-great-unlock

take a chance

Not all success is due to hard work, and not all poverty is due to laziness

It is easy to assume that wealth and poverty are caused by the choices we make, but it’s even easier to underestimate the role of chance in life.

[We] should believe in the values and rewards of hard work. But also realize that not all success is due to hard work, and not all poverty is due to laziness. We should keep this in mind when judging people, including ourselves.

Via Collaborative Fund https://www.collaborativefund.com/blog/financial-advice-for-my-new-daughter/


But the best reason to save is to gain control over your time

“The best reason to save is to gain control over your time. Everyone knows the tangible stuff money buys. The intangible stuff is harder to wrap your head around, but can be far more valuable and able to increase your happiness. Savings gives you options and flexibility, the ability to wait and the opportunity to pounce. It gives you time to think. Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.”

Via Collaborative Fund https://www.collaborativefund.com/blog/let-me-convince-you-to-save-money/

Control over your time is a strategic advantage

“That flexibility and control over your time is an unseen return on wealth. When time isn’t on your side you’re forced to accept whatever bad luck is thrown your way. But if you have flexibility, you have the time to wait for no-brainer opportunities to fall in your lap.”

Via Collaborative Fund https://www.collaborativefund.com/blog/let-me-convince-you-to-save-money/


The Power of Flexibility

“In a world where hard skills become automated, competitive advantages tilt toward nuanced and soft skills – like communication, empathy, and, perhaps most of all, flexibility. Having more control over your time and options is becoming one of the most valuable currencies in the world.”

Via Collaborative Fund https://www.collaborativefund.com/blog/let-me-convince-you-to-save-money/


The ability to learn faster than your competition is a sustainable competitive advantage

The world is filled with smart people who get nowhere because their intelligence was acquired 20 or 30 years ago in a vastly different world than we live in today. And since intelligence has a lot of sunk costs, people tend to cling to what they learn, even while the world around them constantly changes. So the ability to realize when you’re wrong and when things changed can be more effective than an ability to solve problems that are no longer relevant.

Via Collaborative Fund https://www.collaborativefund.com/blog/sustainable-sources-of-competitive-advantage/


Rules in the Textbooks, Guidelines in the Trenches

“Jeff Bezos recently explained why he listens to individual Amazon customers in addition to broad data: ‘The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There’s something wrong with the way you are measuring it.'”

Via Collaborative Fund https://www.collaborativefund.com/blog/rules-in-the-textbooks-guidelines-in-the-trenches/