šŸ“ Warren Buffett & Incentives

5 quick gems from this week

Sup friends šŸ‘‹šŸ¼,

Appreciate all the kind birthday messages from the previous week - and the encouragement with the three areas of focus!

Iā€™m pretty bad at moving my ā€˜secondaryā€™ goals to ā€˜primaryā€™ - the primary goals typically involve work goals or other big life milestones.

So this will act as a good force function to move these goals into ā€˜primaryā€™ areas, and document my progress along the way.

In the interest of being proactive about these - if anyone wants to jam around newsletter growth, hit me up!

One thing Iā€™m excited about in this weekā€™s edition - my first newsletter partnership (šŸŽ‰) with Fastmind, an AI productivity coach, founded by a good friend of mine who recently told me about his fitness journey.

Letā€™s get to it šŸ™‚ 

Came across this feedback from Jason Fried (Founder & CEO at 37signals).

You donā€™t need advice - you need to go and get experiences. Go, explore, build, fail and just keep learning.

Occasionally a 17 year old will write, asking for entrepreneurial or business advice.

Oftentimes theyā€™re early bloomers and already have something going on. Others are chomping at the bit once they get out of high school. Itā€™s great to hear from them.

But my advice is generally that they donā€™t need advice. You donā€™t need advice at 17. You need experiences. You donā€™t need to be told what to do, you need to be told to do.

Now, that in itself could be construed as advice, but itā€™s really not meant as that. Itā€™s anti-advice, if anything. Donā€™t listen. Youā€™ll learn out there, not in this email.

At 17 you have more time than youā€™ll ever have to just fuck around and find out. Anything else is just getting in the way.

Thereā€™s no unlock, no sage advice from some oldster thatā€™s going to make a lick of difference at 17. The doing, and the self-discovery, will give you all the advice you need until you really hit a point where the stakes matter and the right suggestion could mean everything.

Until then, wander. Be 17.

Jason Fried

/2 Advice from Warren Buffett

Apple are buying back $110bn of their own stock - the most ever on record.

It makes a ton of sense - if you believe in your company, youā€™d rather own more of it yourself.

Surrounding yourself with the smartest people is more than half battle won.

This quote is also apt:

ā€œWhen I don't have experience with something, I make a list of the people that I think that are the smartest people that I can contact to get advice.ā€

Tim Cook

/2.5 - How to Upgrade Your Health

After a health scare, a friend of mine recently embarked on a journey to becoming healthier.

In a few short months heā€™s lost 10kg in weight, improved his sleep, energy levels, and overall mood by incorporating a few key techniques in his daily life.

Heā€™s codifying his learnings into ā€œThe FAST Methodā€ and is selecting 20 people to help go through their own transformation.

If youā€™re interested in improving your own health and would like to take part, email him at: [email protected]

Itā€™s free for the first five people - even if itā€™s not your thing, tell him I sent you and heā€™ll send you a summary of what worked for him !

"When you have your health, you have everything. When you do not have your health, nothing else matters at all."

Jeff Bezos

/3 12 thoughts on incentives

Some of my favourites:

  • "I can fix the $32 trillion US debt problem in 5 minutes. You pass a law that when thereā€™s a deficit of more than 3% of GDP, all sitting members congress are ineligible for re-electionā€ - Warren Buffett

  • 33% of British criminals were dying en route to Australia in the 1700s. Britain switched from paying sea captains for every passenger who walked on the ship to paying them for every passenger who walked off. Immediately, the survival rate shot up to 99%.

  • In Hungary, every woman who gives birth to 4 children or more never has to pay income tax.

  • During the 1980's, the government of Athens came up with an idea to limit pollution: Odd-numbered and even-numbered license plates. On dates with an odd number, the odd plates could drive. And vice versa. The rich people just bought another car -- with even worse emissions. The streets got more jammed and the pollution got worse.

/4 Asking Powerful Questions

Asking good questions is a superpower. They expand minds, generate insights, and make you look smart. 5 of the best questions to do just that:

  1. How can you achieve your 10-year plan in the next 6 months?

  2. How would you teach it to a child?

  3. Why? (Repeat 3-5 times - The ā€œFive Whyā€™sā€ Method)

  4. What would a press release for this product say?

  5. What would you do right now if a documentary crew were following you around?

Jerry is a prime example of someone who loves his craft and building mastery in comedy.

From this great interview with him, the quote below stood out:

"Every artist is only showing you his best. When you watch a movie, every sceneā€”they only show you the one take that worked. Seventeen times, they missed it. Youā€™re only seeing the peak of it. But in standup you gotta make it happen every night. Thatā€™s the difference. Thatā€™s why actors, I think, like to do the theatre. They want to be honest. They want to be held to account. And only a live audience holds you to account.ā€

I came across this post by Nir Zicherman (co-founder of Anchor, sold to Shopify) which I will send to people who tell me they have an amazing idea, but just need a technical cofounder to make it happen.

Itā€™s never too late to learn, and you can always say ā€œIā€™m too busyā€, or ā€œIā€™m the non-technical lead, so I should focus on my strengthsā€, but if you have a dream and something you want to achieve, you should make time to do what it takes.

Thatā€™s a wrap - let me know your favourite link šŸ™‚ 

Till next week,

Fahim āœŒļø