Sunday Wisdom No. 26
Transparency in feedback—the person with the fewest blind spots—Coronavirus and how we misjudge risk—investing takes more than intelligence—shameless as a strategy—decreasing the unessential
Here’s your weekly dose of multidisciplinary reading to upgrade your thinking and decision making. If you’re seeing this newsletter for the first time, you can subscribe here.
📝 What I Wrote
How to Build a Virtuous Feedback Loop
Much has been written about the process of giving professional feedback, yet a lot of us are amateurs at it. A leader—be it a CEO, an activist, or the captain of a sports team—who fails to incorporate a good feedback culture is unknowingly encouraging miscommunication. Despite knowing this, it’s actually hard to build an efficient feedback loop, unless we start understanding the root cause of the problem.
💡 An Idea For You
In life and in business, the person with the fewest blind spots wins. Removing blind spots means seeing, interacting with, and moving closer to understanding reality.
Basically, you start thinking better. And thinking better is about finding simple processes that help you work through problems from multiple dimensions and perspectives, allowing you to better choose solutions that fit what matters.
The skill for finding the right solutions for the right problems is a form of wisdom.
📑 I Enjoyed Reading
Coronavirus ‘Hits All the Hot Buttons’ for How We Misjudge Risk — Isn’t there something strange about the extreme disparity in public reactions about the virus? “There remains deep uncertainty about the new coronavirus’ mortality rate, with the high-end estimate that it is up to 20 times that of the flu, but some estimates go as low as 0.16 percent for those affected outside of China’s overwhelmed Hubei province. About on par with the flu.”
Saft On Wealth: Learning From Turing’s Silver Hoard — Investing well takes more than extremely high intelligence and getting your analysis correct. “During the dark days of 1940, when a German invasion of Britain was a legitimate threat, Turing set his lateral thinking ability to working out how he might protect and grow his modest capital.”
Shamelessness As A Strategy — “Paris [Hilton] didn’t play by the ‘obvious’ rules for famous people. She was widely derided by both media and her peers as at best, a train wreck, and at worst, a self-serving aggrandizer. And yet, people couldn’t stop talking about her. A decade later, Paris is now remembered as the mastermind behind the playbook that’s made the Kardashians, Jenners, and other celebrity socialites so successful.”
🤔 Worth Thinking About
It is not daily increase but daily decrease. Hack away the unessential.
— Bruce Lee
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