The basic idea is to design a way to get rapid feedback while working on bigger projects. The faster we get feedback that we are moving in the right direction, the more likely we are to continue moving that way. Work for the long-term. Measure your progress for the short-term.
How to Read a Book via excellent FarnamStreet Blog
Become a Demanding Reader Reading is all about asking the right questions in the right order and seeking answers. There are four main questions you need to ask of every book:
- What is this book about?
- What is being said in detail and how?
- Is this book true in whole or in part?
- What of it?
Two thoughts about day traders and long term builders.
- Patrick Rhone Almost Always Bull
Day Traders might make some fast cash to spend on hookers and blow that way, it has little to do with true wealth. Those who know the market know those folks play the short game.
- Seth Godin Day traders rarely make history
Two thoughts: a. Keep them separate. The best way to avoid long-term work is to be exposed to juicy short-term urgencies.
b. Hesitate before spending your most alert and dedicated work time on the short-term tasks.
Day trading might be fun, but we can do better.
This is a short story of revival of Irish boxing team from being ridiculled to world’s top team. They were one of the most successful ones during London Olympic Games. No other country has this good boxing team regardless of size. Pretty impressive.
But this is also a post that encourages every small business owner to keep going and not give up. There will be obstacles. There will be bigger, more powerful competitors but small companies are agile, fast and adaptable.
Hat tip to @eske for finding this post.
That greater participation and/or power requires greater skin in the game is truly one of the fundamental tenets of human morality.