charles t. munger
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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Good leadership is crucial to the success of any company, and the quality of leadership in your workplace helps determine your own success. Organizations with good leadership thrive, while organizations with poor leadership suffer and can negatively impact your career. When evaluating potential employers, be sure to select companies with strong leadership.
Never try to be someone who you are not, or something that does not match your natural gifts and skills. Embrace your skills, whatever they are, rather than rejecting what you are good at and setting yourself up for unhappiness. Find your true gift, and run with it.
You cannot afford to be associated with positions in which people implant negative thoughts and ideas in your mind. Negative information, rumors, and so forth can spread like a cancer and destroy your life; positive energy is the exact opposite and works to improve everything. Be on the side that is growing and productive, not the side that is bringing you down; doing so will do much to smooth your career path.
The quality of your life is not determined by your job, city, or lifestyle, but rather by the filters through which you experience these things. These filters shape everything in your life, and influence your life and career for better or worse. How you use these filters are the most important factors in your decision making; develop filters that empower rather than limit your experience, and you will unlock the secret to a successful like and career.
I’ve tried to provide you with as much information as possible about mistakes to avoid when you are interviewing. Mastering these elements can ensure your success when interviewing and make you more likely to get the job.
There are advantages to both time economy jobs and productivity economy jobs. Time economy jobs pay you for your time spent on a project regardless of your productivity, while productivity economy jobs pay you a fixed amount for a given task. Success in the former depends on your ability to look busy and deliver the level of productivity expected of you, while the success in the latter depends on doing as much work as possible. Determine which of these two types of jobs most suits you, and focus on that type of work.
In this article Harrison discusses how your career can see growth if you choose to work with an employer who is marching forward. All employers go through different stages, and when you get in will have a real bearing on what happens to your career over time. The best time to get in is at the beginning of the growth cycle. The employer marching forward will provide you with the most important opportunities and the best overall career. The employers marching forward are easy to spot as they tend to be hiring more and more people. Such employers are excited about the future and the people working with them typically feel the same way. In your search for a job, and in choosing between employers, you need to find an organization that is marching forward or beginning a march.
In this article Harrison discusses the importance of putting your efforts in the right direction. The most important decision you can make is deciding where you are going to put your effort. If you choose the right field for your efforts, you will frequently be richly rewarded (even if you do not have a lot of skill in the field). When you identify something that the market wants, and provide it, then you can frequently do quite well—even if you are not particularly skilled. It is just a question of being at the right place at the right time and taking action. In your career, very little is more important than where you choose to focus your effort. Nothing is more important than working somewhere with opportunity and where you are being carried away by the wind of a positive economic current.
Your reactions to the world around you determine your state of mind and your progress in life. While most people tend to blame others for what is happening to them, you must learn to react in a positive way. You must understand that you usually cannot change the people and things around you, but you can control your reactions to these things; when you choose not to react negatively, you open the door to growth and fulfillment.
Aristotle introduced the concepts of Ethos (an appeal to credibility), Pathos (an appeal to emotions), and Logos (an appeal to logic), means of persuasion that you can employ in your job search. Utilize Ethos by convincing others of your credibility, Pathos by appealing to their emotions, and Logos by logically supporting a consistent message. The effective use of these methods can position you for career success, as well as for raises and promotions.
Address your weaknesses, and offset them complementary strengths when they become an issue. You want to be trusted and your weaknesses to be overlooked. When interviewing, you must bring up and address your weaknesses to your employers before bringing up your strengths. Employers are more likely to pay attention to your strengths if they have already been made aware of your weaknesses, and you in turn will have more credibility. You must always be sure to follow up a discussion of your weaknesses with complementary strengths.
In this article Harrison explains the importance of being seen as the cure for all the problems. Becoming a cure for all the problems is very important for getting and keeping a job. Employers are constantly facing a barrage of new challenges and problems. Being at the right place at the right time, to which we often attribute success, really means offering the right cure for the right situation. Become the cure–not the cause of your employer’s struggles. If you are the best candidate for the job, you are the cure for the situation. Let this be known through your words, and let it be seen in your actions. This will be very good for your career.
My first job out of law school was working for a federal judge in Northern Michigan. The position did not pay very well, but that did not matter to me at all. I decided I was going to “live it up!”
In the job market or any other venue, getting others to sing your praises will make a huge difference to you as far as getting ahead. The best way to brag about your work is to get someone else to do it for you. When applying for a job, getting someone inside the company to speak well of you will vastly increase your odds of success, making your application much more effective than it would otherwise have been.
There is vast potential beneath the surface of each individual person, and it is the same with the job market. Many people fail in there job search because they only pursue one tactic, find nothing, and conclude that there are no jobs available. When looking for a job, you need to go deep beneath the surface, and exhaust every job board, employer website, and other possible avenue in order to get ahead.
It is important to have a career that makes you happy, rather than pursuing a career simply because you or others think that you should. Life too short not to be doing the things that you really want to do with your life. If you do not yet know the kind of work that makes you genuinely happy, you need to go and find it.
In this article Harrison discusses how it is important not to get influenced by negative behavior of people around you. One thing you often find is that there seem to be a great number of people out in the world whose chosen business is to make your life and circumstances, whatever they may be, seem much worse than they are. Your success and ability to get on will in large part be determined by your ability to sift through all of this negative information coming at you. It is important to understand that all around you there are people and forces that want you to feel weak, vulnerable and inadequate. The best thing you can do to control and fight back against these forces is to sniff out and identify these people for what they are–and then avoid them. Do not allow others to control or influence you.
Although many people claim to seek a state of peace, all people fundamentally seek variety in their lives and pursue it in different ways. People must satisfy this need for variety in order to be happy, and seek out new experiences and situations in which they face tension. Maintaining a healthy variety in your own life, therefore, is key to your happiness and success; doing so will replace boredom and stagnation with growth.
Creating a sense of urgency is one of the most important things you can do in your job search. Understand that your career is itself a commodity and you need to sell yourself, and your salesmanship will determine your career success. Creating a sense of urgency will always help you close your sale.
The number one thing that makes people fail and not reach their potential is competition. If get into an area where there is not much competition and you genuinely have something to offer, you will succeed. Everyone is successful to the extent they are doing something others around them are not that provides value.
When you try to mask or suppress aspects of your personality, those traits will inevitably come to the fore anyway. You need to develop a comprehensive understanding of yourself, including your darker or deeply buried traits; once you know how your dark side limits and controls you, the better you will do in your life and career. Self-discovery will ultimately lead to inner peace, which in turn will enable you to more fully develop your goals.
Your must always strive to create value for your organization, and your organization must in turn strive to add value to the world. Since value comes from teams of individuals rather than any single person, the best companies strive to maximize their staffs’ efficiency. You must also ensure that your company weeds out the employees who do not create value in favor of those who do, and that you belong to the latter group.
In this article Harrison discusses the role of self-motivation and self management. Self-motivated and self managed people always perform well. In contrast people who are forced to follow massive amounts of procedures and rules can never perform. It is important that our rituals and sense of responsibility is internal, and something we learn to do naturally–not something we only do when it is imposed on us by people on the outside. The best people in every job are self- managed and responsible individuals. Also, the more self-managed people there are working for an organization, the stronger the organization generally is. Instead of creating problems in the workplace, you should seek out responsibilities, and ritualize your work routine. These responsibilities will drive you forward in your daily work, in your career, and in your life.
You will greatly benefit your career by helping and promoting your company’s expansion. A common belief is that expansion is fundamentally positive, and a lack of expansion is fundamentally negative. You must be on the side of expansion rather than contraction in every area of your life. All employers seek people who will help them expand, and the more your ability to contribute to this expansion will provide you increased job security and a greater likelihood of being hired.
In this article Harrison discusses how it is possible to find success, love and happiness in any situation. Different opportunities and resources are available to different people. You need to use your skills and resources in an incredibly effective and efficient manner. There is an amazing number of opportunities out there, and we need to make the most of our resources. Take the job market in a major city, for example. There are so many potential jobs and things you can do, it is really overwhelming. No matter how bad things get, there are always opportunities. Strive to make the most of every opportunity that exists out there for you. There are plenty of opportunities everywhere. Be grateful for this. Be grateful for where you live. Be grateful for the people who care about you. Be grateful for your life.
You can change your life forever by harnessing the power of persistence. Think about the people in your life, and whether they empower you or hinder you in achieving your goals. You must win at all costs, and persist until you succeed.
Adopting a positive attitude will always bring you closer to success, as nobody wants to be associated with a losing side. Everyone wants to associate with and hire winners, and avoids losers. Nothing is more important than maintaining a positive attitude, as many employers hire people based primarily on attitude; with the right attitude, everything else will fall into place. You must look like you are on the winning team, even if times are tough; nobody wants to hire a loser.
Resourcefulness can make you better at everything you do, and separates the truly extraordinary people from the general herd. Do everything within your power to be resourceful in your job search, life, and career to give yourself the best possible chance of achieving your goals, and learn how to employ the resources currently at your disposal for maximum impact.
You can never become too comfortable if you wish to be successful. Your success will largely depend on your ability to become dissatisfied with your current position. Successful people are never satisfied with the status quo, and constantly push beyond their comfort zone. When do you this and succeed, you set a new standard for normality in your life. Be continually dissatisfied, and always pushing yourself beyond your comfort zone.
People naturally want others to be interested in them, and offering this interest is one of the most beneficial things you can do. The more that you display interest in others, the more that they will in turn display interest in you and want to help you. When in interviews, build rapport with your potential employer by demonstrating a genuine interest in the person and his or her organization; everyone loves to have other people interested in them, and like to hire such people.
In order to make substantive changes in your life, you must start with dissatisfaction in your current position, and leverage that tension to your advantage. Tension and dissatisfaction will push you forward, as they are the drivers of most of our everyday actions. By constantly creating pressure in your life, you motivate yourself to make necessary changes and bring yourself closer to your goals. Implement dissatisfaction in a way that empowers you to go in the direction you want.