Purpose: Set of guidelines that should help us determine the action in almost all spheres of lives (personal, professional,family, friends):
1. Be Fair, Be Ruthless.
2. Boldness in execution, Patience in declaring victory.
3. You can't achieve your aspirations just by pure effort, you need good karma too!
4. Short term pain might be needed on occasion to achieve long term gain
5. Surround yourself with better people and by better I mean: more enthusiastic and positive towards life, more hungry for knowledge, more humble. Also, a person who has all these qualities and been through your aspired path makes the best mentor. Who is your mentor?
6. Truth suffers from too much analysis. Identify the basic premises of the most complex problem structures, and then ask yourself, what does it do.
7. Never accept arguments at face value; Question the basic assumptions irrespective of source credibility.
8. When the facts change, I change my mind. What do you do, Sir??
9. Differences between friends & family is analogous to free markets and central planning. In other words, family setting is like socialism and friends like capitalism. Understand the choices you make within this context.
10. Expose yourself to the black swan events.
11. There is never just one cockroach - especially true with markets, scandals and wrongdoings in and around you.
12. Nature abhors a vacuum.
Friday, April 16, 2010
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