Peter D. Kaufman understands dogs.
“So when your dog is in the backyard and he goes to the fence between your house and the next house and he talks to the dog next door, I’m going to tell you what he says,” Peter says.
“Your dog says to the dog next door, ‘Can you believe how easy it is to manipulate human beings and get them to do whatever you … continue reading
“I know what everybody in the world is looking for,” says Peter D. Kaufman.
The answer to this question is also a “22-second course in leadership,” suggests Peter, who is the editor of Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.
Peter doesn’t shy away from big statements. So far this week, we’ve looked at his answers to two big questions:
Is there a simple two-word description that … continue reading
Imagine we get a “brand-spanking-new puppy from the pet shop,” Peter D. Kaufman suggests.
What is our goal bringing this puppy into our home?
“It’s to have an engaged, contributing, all-in new member of our household,” states Peter, CEO of Glenair, Inc. and editor of Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger. Charlie is the Vice Chairman of Berkshire Hathaway and has been called “one of the … continue reading
Peter D. Kaufman doesn’t shy away from the big questions.
Yesterday we examined his question: Is there a simple two-word description that accurately describes how everything in the world works?
Today, we will consider a second question: What’s the most powerful force that we as human beings, both as individuals and groups, can potentially harness towards achieving our ends in life?
Peter’s answer?
“The most powerful force in the universe is compound … continue reading
Let’s start the week with an easy, straight-forward question…
Is there a simple two-word description that accurately describes how everything in the world works?
1: That’s the question posed by Peter D. Kaufman, CEO of Glenair, Inc., but best-known for compiling Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.
“That would be very useful, wouldn’t it, if you know how everything works in just two words?” Peter … continue reading
The power of compound interest is not limited to financial matters.
The compound effect is present everywhere in our lives.
1: Small behavior changes done consistently over time will result in a radical change in the quality of our lives, Darren Hardy outlines in his powerful book, The Compound Effect.
Physically: what if we did push-ups, sit-ups, or pull-ups or went for a long walk every day?
Spiritually: what … continue reading
1: Let’s say we have a friend, Rose. Upon graduating from college and getting her first job, Rose starts socking away $250 a month into her 401K. She’s not making a big salary, but she finds a way to do it. She is consistent.
Rose puts away $250 each month for the next 17 years. Earning 8 percent on her money, she accumulates about $120,000, Darren Hardy documents in his terrific book, The … continue reading
“Compound interest is the eighth wonder of the world,” Albert Einstein once remarked. “He who understands it, earns it. He who doesn’t, pays it.”
1: Author and speaker Darren Hardy hired Kathleen as his assistant. After hearing Darren speak at one of his workshops, she told him: “I heard you talk about saving 10% of everything you earn. That sounds nice but I could never do that. It’s totally unrealistic.”… continue reading
It’s the littlest decisions that shape our lives.
Imagine two friends: Brad and Charlie.
They live in the same neighborhood. They have similar sensibilities. They each make around $75K a year. Both are married and are of average health and weight, Darren Hardy shares in his wonderful book The Compound Effect.
Brad makes some small, seemingly inconsequential changes. Every day he reads 10-pages of a good book per day … continue reading
Imagine you are given a choice.
Someone will give you $3 Million. Cash.
Or, you can elect to receive a “magic penny” which doubles in value every day for 31 days.
Quick. What would you pick?
After five days, the magic penny would be worth 16 cents.
On day 10, $5.12.
On day 20, $5,243.
After a slow start, now things start to get interesting.
On day 25, $167,772.
And, … continue reading
