Tips From The Gurus
Jack Welch, Warren Buffett, and a lot of other greats have portioned out some of their insights with the world through a few of their writings and interviews. I thought it would be a great to share a few of those insights here. As with a lot of matters that I’ve learned over the years, I wish I had studied some of these insights earlier (or that I had paid attention to them earlier). I surely wish you well in practicing them in your own life. For now I merely highlight a couple of insights.
All the same, I consider the accompanying insights to be of such substantial potential value to everybody, that I wanted to go ahead and share them without waiting to build a bigger list.
Advise From The Big Dogs
Welch’s “6 Commandments”:
Command your fate, or somebody else will
Confront reality as it isn’t as it was or however you want it to be
Be blunt with everybody
Shift before you need to
Don’t manage, lead
If you do not have a competitory advantage, don’t compete
Warren Buffett’s investment-in-a-nutshell formulas:
Formula 1: do not Lose Money
Formula 2: do not blank out formula 1
A good ice-hockey player plays where the puck is. A great ice-hockey player plays where the puck is going to be.
An individual who never made an error never attempted anything new.
Everything ought to be made as easy as possible, but not simpler.
Insanity: doing the same matter again and again and anticipating different results.
No issue may be solved from the same level of consciousness that produced it.
Efficiency is doing things correctly; effectiveness is doing the correct things.
Unless dedication is made, there are only promises and desires; but no plans
The mental attitude you pick to assume towards life and everything it brings you will decide whether you realize your dreams.
What you’re capable of accomplishing is decided by your talent and ability.
What you try to do is decided by your motivation.
How well you do something is decided by your mental attitude.
Discipline isn’t what you do to yourself; it’s what you do for yourself.
Before picking out an action, ask yourself, “Will this raise my opinion of myself?” If it doesn’t, seek an alternative that will.
When I was seventeen, I read a citation that went something like: “If you live every day like it was your last, someday you’ll most surely be correct. This made an impression on me, and since then I’ve looked in the mirror each morning and asked myself: “If today were the final day of my life, would I wish to do what I’m about to do today?” And if the answer has been “No” for too many times in a row, I recognize I have to shift something.
Overcoming putting things off and making good use of your time may take some discipline, a word that strikes fear in the hearts of many people, including me. However I can generally get the fear to lessen, when I work on it, by centering on a quote about discipline: “Discipline is not what you do TO yourself — it is what you Do FOR yourself.”
And, speaking of doing something for yourself, don’t forget to provide yourself a reward when you do make progress on overcoming putting things off and making good use of your time. Reinforcing positive behaviors helps turn them into habits.
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Tips From The Gurus
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