Friday, April 15, 2011

Performance measures

From traders too focused on quarterly earnings to bosses too focused on annual reviews, we're induced into sacrificing any long-term potential for short-term rewards.

In Buffet's 2010 letter to shareholders, the first seven or so pages are ripe with insights into performance measures and how the long-term potential always takes precedence.

The short-term should be treated as small steps towards a larger goal. Things won't materialize over night. The worthwhile goals and businesses take time and rigorous pursuit.

Thursday, April 14, 2011

Interesting vs. Convention

Convention isn't interesting because we know what to expect.

The unconventional pulls us in because we haven't encountered it before. We're fascinated with a a new view or something completely turns something we take for granted on its head. We can't help but be interested.

So is an unconventional education more interesting? Do we get more out of it? This guy thinks so.

Making something from nothing

Perhaps this is the most valuable skill that can be learned.

When you're starting something (this blog), and all you have in terms of capital and backing is yourself and an idea, buzzwords won't get people to buy in or even a good idea. It's has to be great.

So how do you get people to buy into your ideas and support you with what you need?

Tuesday, April 12, 2011

Trees vs. a Forest

I've tried to start several blog series delving into various areas of business in an attempt to learn more. But, eventually they just bored me. So, perhaps it's time to re-evaluate that approach.

If I just regurgitate business information, then where is the value? It's time to take a new approach.