Three Things: 1. Seeing boredom as a luxury 2. Compounding effects on careers 3. Mind-blowing advice on the next generation
Three Things I learned in SaaS, Sports, Tech and Live Events:
1. "Boredom is the ultimate luxury." Some people (raises hand) struggle with being bored. Many people even fear boredom. As explained to me, however, boredom is a luxury few have in this life. Billions don't get to be truly bored today bc they're hungry, in danger, afraid or sick. Embrace boredom for the blessing it is. If only we could all be so lucky. As your business grows, boredom evaporates quickly.
2. Compounding and our careers. A common rule in personal investing is also applicable to our business and career. Great customers refer great customers. Great talent attracts great talent. Successful engagements breed more business. It's hard to play the long game sometimes in a world where some very lucky ones don't need to. King David, passing time while watching sheep, threw rocks at leaves. Got pretty good at it too. Good thing he did- he was prepared when his chance came. The post covid world has too many making impulsive career and financial decisions looking for a silver bullet. It is imperative we're great where we are, even if a decision has been made to make a change. Compound successes while others take short cuts and build a career portfolio to up our chances at the long-tail wins. Warren Buffett has had nearly 500 investments yet made 95% of his money on just 10 of them.
3. "Kids need to lie, get away with it, feel bad about it, and decide who they want to be on their own." Had the pleasure of spending the day with a renowned child psychologist (her kid plays youth sports with mine). Asked her what is the most important mistake we're making with the next generation fully expecting her to say something about phones or games. What she said blew my mind. I can still remember the $20 I took out of my mom's purse in junior high to buy baseball cards and how I felt about myself after. So much depth in that observation from an expert.