#MentalNote · Self-Revelation

28 Things I've Learned In 28 Years

So I got a year older last week. Upon some reflection, I’d like to share some life lessons I’ve learned in 28 years of existence. Hope you’ll enjoy. 🙂

  1. Eat before you go out for a drink with a good friend. Its called being prepared for whatever the night might throw at you.
  2. Have a hard reset on how you feel about people everyday when you go sleep. Don’t bring negativity into the next day.
  3. Drink for taste.
  4. This might sound counter intuitive, but enjoy the dark moments in your life. It will make the bright ones feel even better.
  5. Sometimes you accidentally burn bridges. Just take the L but don’t lose the lesson.
  6. You are not immortal. The faster you come to terms with your mortality, the better off you’ll be.
  7. Eat for taste.
  8. The size of your audience doesn’t matter. Keep up the good work.
  9. Bad things happen to good people, and good things happen to bad people. This is life. Life really doesn’t owe you anything so don’t expect karma to work for or against you.
  10. It’s hard but think ahead of the game. Most people are thinking about how they are going to get through the day. Think about five, ten, twenty years from now and how you’re going to get there.
  11. Appreciate people when you can. They won’t be around forever
  12. Sounds pretty cliche but fill your cup before you try to fill the cup of others.
  13. Get really good at something outside of your profession. I should have never quit the saxophone.
  14. Stay in your lane. Run your own race.
  15. Most problems in life can be prevented from communicating expectations early on.
  16. Your parents are people.
  17. Your bosses are people.
  18. You are a person not a machine.
  19. Give back to those that came before you.
  20. Fall in love with the process not the outcome.***** (MAJOR KEY ALERT)
  21. Find a mentor.
  22. Mentor someone
  23. Don’t get mad at people that aren’t in your life anymore. People have their seasons.
  24. Age does not always equal adulthood. I would say adulthood = the amount of responsibilities you take on successfully.
  25. Try to get better everyday. You’ll be surprised what 365 days of getting better can do.
  26. Take a walk in another persons shoes every now and then. Just make sure to wear socks.
  27. Have something that helps you anchor the past. I have a ton of vinyls…it helps me remember the past but also how far we’ve come.
  28. Call instead of text. It always works out better.
Random · Self-Revelation · Why?

Beware The Ides of March

Beware The Ides of March is the original “Winter is coming” of doom and gloom. I knew it was was from Shakespeare’s Julius Caesar, but I never really understood the Ides part until a quick Google search gave some clarity.

” Months of the Roman Calendar were arranged around three named days – the Kalends, the Nones and the Ides- and these were reference points form which the other unnamed days were calculated

Kalends (1st day of the month)

Nones(the 7th day in March, May, July, and October; the 5th in other months)

Ides (the 15th day in March, May, July, and October; the 13th in the other months)”

Ides =15th of March which makes it even more depressing. Someone tells you the exact time you’re going to be assassinated? That’s rough.

History · Leadership · Random · Self-Revelation

Disrupting History

***Writer’s Note: 🙂 I literally was finished with this essay (2500+ words) and decided to delete it. Hopefully this will be a more concise and focused attempt.

For a majority of human history, we relied on oral delivery to bring the events of our past to life. We’d sit around a campfire and listen to stories of our forefathers adventures, unstoppable monsters, and through those stories, we’d understand a little bit more about where we came from and where we were going.

Fast forward to the present. We have so many mediums and the ability to capture history is just a click away. History went from a singular narrative to a multi layered complexity that will require a new set of research skills to truly get the big picture. Imagine your neighborhood historian developing a machine learning algorithm to sort through a bunch of tweets to use as primary documents for an event? How about developing a program that sorts through pictures on Facebook to evaluate sentiment of an event? The future historian aggregates all experiences and perspectives and tries to draw inferences. Some would say very similar to current historians. Yea sure, but the pools of information are digitally structured and maintained. There’s a whole new set of skill required to analyze that amount of information.

For the common historian ( the rest of us), we have to prepare ourselves to understand historical events have multiple narratives and view points. We should look to past events and understand there’s more to the story, they just couldn’t capture it. There’s a little boys perspective on his dad going to die in the 100 years war. There were women who had a lot to say about their husbands and sons being taken on the coast of West Africa. When we digest history, our first question should be, “whose perspective are we missing?” We should understand that history is exactly that… His story.

I hope by having a more integrated and inclusive understanding of what and who history affects, we can make sure as many people’s narratives are captured as possible. Ultimately, we’ll create a better picture of how history affected people involved, and how we can all learn to be better or different in the future.

 

 

 

Leadership · Self-Revelation · Why?

Beta and Super Friends

I started investing in the US stock market my second year of business school. I thought it was just part what you do in business school; drink coffee, read Financial Times and invest in stocks. I thought I’d try to apply what I learned in class to pay back some of those student loans a little quicker. Bad idea but that isn’t the point.

In order to improve your chances of a decent return when you invest in securities like stocks, there are certain technical analysis ratios that you’re supposed to use evaluate and predict returns. Beta is one of those magical ratios.

Beta ratio gauges the volatility of a security by comparing it to the performance of a related benchmark over a period of time. To keep it simple, investors use beta to see how downside capture they can expect from an investment.

From Investopedia

The baseline number for alpha is zero (investment performed exactly to market expectations), but the baseline number for beta is one. A beta of one is an indication that the security’s price moves exactly as the market moves. If the beta is less than one, the security experiences less severe price swings than the market. Conversely, a beta above one means that the security’s price has been more volatile than the market as a whole.

While a positive alpha is always more desirable than a negative one, evaluating beta is not so black and white. Many investors – being risk-averse – prefer to have a lower beta; however, some investors are willing to target a higher beta, hoping to capture higher returns and cash in on the higher volatility.

Most of these ratios are historically leaning. They use information from past to predict future results. It’s difficult and next to impossible to find a magical ratio that can give you vision into future performance.

Well this is true most of the time. The best investors will tell you to take a long term approach in building value. However, The upside in the public market will never match the multiples on an investment when the company is private. It’s way more risky, but at the end of the day, you get in on the ground floor and are compensated come IPO. (most of the time)

I’ve found investing in relationships to be very similar to investing in companies. There’s a ton of information out on how to do them, products and services around improving both processes, and risk with both investments. And the secret to success in both is pretty similar as well.

Creating a group of friends, associates, or colleagues that are super successful doesn’t happen overnight. Actually, its pretty close to impossible to create this type of super network without putting in a lot of work early on. Yes, the secret to it all is meeting people before they are successful and supporting them on their pathway to success. It starts with some self reflection.What value to you bring to the table? What is your unique advantage?  Understanding your strengths will help evaluate what your value add is to other people’s quest to success.

Second, you’ll need a good understanding of what potential for success looks like early on in the journey. Have you met someone that has more hustle than anyone you’ve ever met? Do you know someone that seems to have the Midas touch? People give hints of greatness and are just waiting for people to believe and support them.

Lastly, give. Once you’ve identified who and how you can support, give. Think about how you can build them up through relationships and the opportunities you have access to.

To be concise; Get in early, build value, reap the rewards.

#MentalNote · Current Events · Education · History · Self-Revelation · Why?

Sapiens and the Oscars

I have very few newsletters that I hold in such high esteem as Farnam Street. If you enjoy thinking about things in new ways and awesome book recommendations, I suggest you sign up here. It’s so good, I’m giving a free shout out. The newsletter will change your life, but I digress.

One of the most recent book recommendations from the Farnam Street is called Sapiens: A Brief History of Humankind.   I haven’t gotten a chance to read the book yet but I was totally enthralled with the descriptions in the newsletters. It’s definitely on my to read list.

One of the most important takeaways from the book is captured in this short quote below:

What was the Sapiens’ secret of success? How did we manage to settle so rapidly in so many distant and ecologically different habitats? How did we push all other human species into oblivion? Why couldn’t even the strong, brainy, cold-proof Neanderthals survive our onslaught? The debate continues to rage. The most likely answer is the very thing that makes the debate possible: Homo sapiens conquered the world thanks above all to its unique language.

Most people would agree that language was a huge game changer but not for the reason you’d think:

As far as we know, only Sapiens can talk about entire kinds of entities that they have never seen, touched, or smelled. Legends, myths, gods, and religions appeared for the first time with the Cognitive Revolution. Many animals and human species could previously say ‘Careful! A lion! Thanks to the Cognitive Revolution, Homo sapiens acquired the ability to say. ‘The lion is the guardian spirit of our tribe.’ This ability to speak about fictions is the most unique feature of Sapiens language…You could never convince a monkey to give you a banana by promising him limitless bananas after death in monkey heaven. 

To Harari, the most important function of language is we can describe things we cannot see or understand. “It is our collective fiction that defines us” By doing this, human beings are better suited to work in large groups effectively and flexibly than other animals. Real world applications of this is state, religious, fraternal, or basic assumptions we take as truth.

The collective myth and our ability to believe or not, is what differentiates us from other animals. To be clear, not all of these myths are lies but some of them are. We believe them because the opposite is too difficult to handle. For example, sapiens are horrible at evaluating talent or a subjective “best”. We’ve seen it in finance, education, entertainment, and other industries. We rely on human evaluations and get burnt. We consistently overvalue and undervalue, which leads to faulty and less than ideal outcomes. If we look at this from Harari’s perspective, we’ve bought into the myth that we can make objective evaluations.

Earlier last week, the Academy released their nominees for the Oscars. There were complaints about the lack of diversity in the nominees. I agree, there should be more representation, especially from a 2015 that saw quality movies from minority leads. However, its a symptom of a larger myth; A group of industry leaders can make an objective evaluation on what are some of the best performances the year prior. I say this as a huge Will Smith, Leonardo DiCaprio and Christopher Nolan fan. (None of them have won Oscars)

I’ve started to take human informed decisions with a grain of salt. I can’t afford to buy into the idea that a group of us can make the best decision. Now, believing that is difficult to handle because it has implications larger than the Academy Awards. I’ll just let your mind wander…