Charles T. Munger is the vice-chairman of Berkshire Hathaway. He gave three separate talks ranging from about 20 to 23 years ago. These were combined into this talk (that was never made) about 25 different biases that actually are the cause of most bad decisions...Filed under Featured, Self Improvement Books 2 Comments
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You must have access to complete information for success in your life. In life and business, many people will try to take advantage of your lack of pertinent information about a certain issue. Whenever you are making an important life decision, in any area of your life, make sure you have all of the available information; you can only succeed when you have all of the facts.
Your perceptions can make you either happy or unhappy. Most peoples’ perceptions, however, are clouded by assumptions that frequently aren’t even true. To change your life, change your assumptions about the world around you; suffering lies in the perception of the fact, not the fact itself.
This article discusses the many possible approaches to your job search, and the necessity of selling yourself to potential employers. You must use every means at your disposal in order to achieve your employment goals, and you must present yourself in as much of a positive light as possible in order to successfully sell yourself, and the ten tips presented in this article detail how to do so.
Getting your foot in the door is an important, necessary first step towards getting the job you want. Once you are “in”, your colleagues will protect you if you work hard and you will have the same opportunity to compete with others. The biggest step you can make in your progress towards your goals is to get your prospective employer to let your foot in the door, even if only a little.
Arrogance is a trait of the weak and insecure; one of the biggest career mistakes you can make is to act as though you are better than those around you, broadcasting to the world that you are afraid for people to see you as you actually are. Instead, try to hone the skill of making people empathize with you and want to help you. Empathy is a much more beneficial quality to instill in your peers than anger or resentment.
You need to control your work environment. People who are successful in their work and personal lives are generally able control their environment, and resist being controlled by it. Do not take on more work than you can handle, and make sure to competently handle the work that you do take. An organization’s success depends on its control over its assets, and your own success similarly depends on your ability to control your environment rather than the other way around.
When many people lose their jobs, they find it difficult to find a position as good as the one they lost and blow it in terms of reestablishing their careers. Take time to look for opportunities, as valuable information and material is available all around you. Use ingenuity, and you will find these opportunities opening up to you, and you will prosper.
People owe their success to concentrating their energies and taking prompt action; they understand the importance of maintaining a positive attitude. People notice and gravitate towards those with a positive approach to their work, just as they notice – and do not respect – indifference and half-hearted work. A positive attitude, therefore, is your greatest asset.
Anything that is not managed will eventually deteriorate. Set goals and develop a road map to achieve them, as goals function as a roadmap, forcing you to take action and follow it through. Self-management provides you momentum to tackle other obstacles moving forward. The best businesses and people are well managed, and so must you be.
Direct your efforts to creating the most long-term value in everything you do, rather than taking from people every chance you get. The people who have and achieve the most are those who contribute and give the most; true power and success lies in doing so, and will forever change your life and career for the better.
In this article Harrison discusses the importance of loving your work and also the people who give you work. Work is the most important thing you can have. Without work, everything stops. So respect the work you are doing. Having work is a privilege and this work can lead to more work. You need to respect people who give you work and you need to get work at all costs. It is never good to be without work. Being without work means your skills and value do not currently have a place. Do the work to the best of your ability. The only way to advance is by doing good work and exceeding expectations. Doing good work is crucial to our lives. Make the most of your job and give it your all. The harder you work, the higher you will climb.
Everything happens for a reason, and that reason might lie hidden underneath the surface. Understand the root cause of everything that is happening to you and around you. When you see the seed from which the tree has grown, you will discover exactly what you should do to improve your life and career.
You must find a job about which you are passionate, perform it with dedication, and make sure this dedication is visible to those around you. When you devote yourself to a job that you love, you open the doors for greater happiness and fulfillment in your career and life. Employers and colleagues notice those who demonstrate passion for their jobs; they naturally gravitate towards these types of people, and avoid those who take a more perfunctory approach to their work.
Get your employer to commit to you, and keep coming back again and again. This “lock in” is a tactic that companies use all the time, and one that you must practice to get and keep jobs. Make an offer to attract an employer, and then make yourself indispensable. People who fail to lock in their employers are usually the ones who find themselves laid off.
We all create problems about something in our lives, and respond to these problems differently; these problems are life’s way of sending us messages and challenges. We can make these problems work either for us or against us. Develop a sense of clarity about the true nature of whatever problems you are facing. When you remove the charge from problems and view them in the present rather than the past, you will find that the solution lies within each problem and you save your time and energy in dealing with them.
When you are a commodity, you can be replaced on a whim and have no value beyond anyone else in the market. Do something that differentiates you from others. When you are unique, you are no longer someone whom employers can easily find on the open market and your value will increase. Establish yourself as irreplaceable due to your unique skills. Understand your employers’ needs and desired direction in order to create value for them.
Change is the most beneficial thing that can happen to you; starting from scratch gives you the opportunity rebuild your life and career in the manner you see fit. You must find where there is upward movement and opportunities are being created, and ensure that your own structures and ways of operating are effective and relevant to you. Orient your life towards happiness and growth in everything you do.
Life is a gift and we need to make the most of it now. What does hard work and success mean if we never enjoy our lives?
Your environment ultimately shapes who you are, so you need to seek out environments that will help shape you into the person you wish to be. People choose their jobs based on all sorts of factors, but often overlook the environment itself. The environment and people that surround you every day, however, ultimately determine your happiness and shape your future.
Giving access to a lot of information and providing a platform for research and analysis immensely helps people to make the right choices in life. You must offer people a strong platform through your work to help them make the best choices for themselves, and you yourself will ultimately benefit due to the good you do for the world.
Proof is itself a tool in your job search and if you employ it effectively, you will stand ahead of your competition. Reality is subjective, so providing proof in the form of testimonials can do a lot to sway someone to your way of thinking. Testimonials, references, and endorsements are worth their measure in gold, and you should employ them whenever possible.
If you really want the job you are going after, you need to get your prospective employer’s attention. The most important thing for you to do is ensure that said employer sees your resume; following up with a phone call is also an effective strategy. While many employers consider a phone call an annoyance, it does help ensure that your resume gets viewed. Set yourself forth as a safe choice for the company.
One of the greatest risks in your career and life is of becoming a commodity; at that point you are no different than anyone else in the market, and employers can mint more workers just like you. To set yourself apart from this process, you must become entrepreneurial and circumvent what others around you are doing. Examine situations around you, and figure out how to create unique efficiency and value. Work for companies that are constantly innovating, and approach your own career in terms of constantly improving efficiency.
Even with technological advances, newspaper ads are still the best source for jobs and a very smart place to look. Regardless of your experience level, it is vital that you include newspapers in your job search if you are to be thorough. Many employers still rely on newspapers, but fewer people use them in their searches, which makes them a very effective tool.
The most important lessons often come from extraordinary or bizarre circumstances. Seemingly unimportant lessons can be underscored and lent significance by the situations in which they occur, as a means of signifying to you their importance. Pay attention to unusual circumstances and situations, and try to see whether there is a lesson to be learned.