1: Stanford professor Dr. Carol Dweck and her colleagues administered a nonverbal IQ test to two groups of adolescents

Afterwards, one group was praised for their intelligence (“You must be smart!”).

The other was praised for their effort (“You must have worked really hard!”).

The researchers then administered a second test with a harder set of problems.  

“The intelligence-praised children performed worse,” Sahil Bloom writes in his book The 5 … continue reading

1: In 2018, Oprah Winfrey provided Harper’s Bazaar with a detailed overview of her average day,  Dan Martell writes in his book  Buy Back Your Time.

7:01 a.m.: Wakes up surrounded by nature at her home in Montecito, California.

8:00 a.m.: Brushes teeth and takes her five dogs outside. Makes her favorite espresso.

8:30 a.m.: Enjoys a series of spiritual exercises like meditating, reading, and silence.

9:00 a.m.: Works … continue reading

1: Two questions to consider: Am I spending too much of my time on low-value, energy-draining activities? Am I so busy that I’m unable to prioritize time with the people who truly matter in my life?

For many of us, the answer to the questions above is: Unfortunately. . . yes.

Last week, we did a deep dive into author  Sahil Bloom‘s three pillars of “Time Wealth” as … continue reading

1: Legendary investor Warren Buffett was talking with his personal pilot, Mike Flint.  

Mike was “bemoaning his lack of clarity around his personal and professional aspirations and goals,” Sahil Bloom writes in his book  The 5 Types of Wealth.

Warren instructed Mike to write down twenty-five career goals, “all the things he wanted to focus on and accomplish in the months and years ahead,” Sahil notes.

Mike made … continue reading

1: Billionaire Charlie Munger, the longtime vice chairman and “right-hand man” to Warren Buffett at  Berkshire Hathaway, was well known for his fiercely independent thinking.

He took pleasure in rejecting the “wisdom of the herd” and going his own way. Regardless of what others thought or what they might be doing.

Yet, equally important, although perhaps not as well known, was Charlie’s willingness to change his mind when … continue reading

1:  The good news?

“Every person is going to have a circle of competence,” Charlie Munger writes in Poor Charlie’s Almanack, the Wit and Wisdom of Charlie Munger.

The bad news?  “It’s going to be very hard to enlarge that circle,” Charlie observes.

Until his passing in 2023 at the age of 99, Charlie served as Vice Chairman of Berkshire Hathaway, founded by Warren Buffett.  Berkshire is … continue reading

1: It was January of 2014. Mary Barra was in her early days as CEO of General Motors when a major crisis hit. The carmaker had been implicated in a number of fatal crashes due to faulty ignition switches.

“When you have a crisis, it’s not like you know the significance of it immediately,” she recalls in CEO Excellence by McKinsey consultants Carolyn Dewar, Scott Keller, and Vikram … continue reading

1: Warren Buffett is one of the most successful investors in history. His company,  Berkshire Hathaway, is valued at more than $1 trillion.

His business partner and Vice Chairman  Charlie Munger describes what Warren tells business school students about his approach to investing: “I could improve your ultimate financial welfare by giving you a ticket with only 20 slots in it so that you had 20 punches, representing all … continue reading

1: There are currently eight companies worth over $1 trillion. 

Six are technology companies.  The seventh is Amazon, the world’s largest retailer, which some consider a technology company.

The eighth trillion-dollar company is  Berkshire Hathaway.

“One of these things is not like the other,” goes the saying.

Berkshire Hathaway was led for many years by Chairman Warren Buffett and Vice Chairman Charlie Munger until he died in 2023 at … continue reading

1: “I had a friend who carried a thick stack of linen-based cards,” Charlie Munger writes in Poor Charlie’s Almanack.  Before his death at 99 in 2023, Charlie was Vice Chairman of Berkshire Hathaway and Warren Buffett‘s business partner.

“When somebody would make a comment that reflected self-pity, he would slowly and portentously pull out his huge stack of cards, take the top one, and hand it to … continue reading