Your Sorting Hat: On room for failure, the abundance paradox and time horizons
Career Tuesday
Careers, Life and Questions (Jun 27, 2023)
Wish you a Happy Career Tuesday!
3 Career Ideas
I.
"A great plan admits that not everything will go as per plan.
When you leave room for breakdowns, you succeed more often."
II.
"Job interviews may be about how smart you are or what you want.
But your success in the role will depend more on how you behave."
III.
"To enjoy compounding benefits, invest time in your skill or job.
To be able to invest time, learn to handle both good and bad days."
2 Life Quotes from Books
I.
David Perell, writer and teacher, talks about the Paradox of Abundance in his essay :
"Abundance is a paradox. Environments of abundance are bad for the median consumer but extremely good for a small number of conscious ones....
...The best metaphor is health, where obesity rates and the number of people in incredible shape are both rising.
...The modern media environment helps a small number of savvy consumers, just as it destroys the lives of millions of mindless consumers who are paralyzed by fear, anger, and misinformation.
...On the Internet, your rate of learning is limited not by access to information, but by your ability to ignore distractions. The people you follow online is a leading indicator of your success, your health, and your happiness."
Source: Essay: Paradox of Abundance by David Perell
II.
Morgan Housel, investor and author, shows how our woefully limited personal experiences colour our thinking and thus make our judgments incomplete and dubious, in his bestseller - The Psychology of Money : -
"Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works"
Source: Book: Psychology of Money by Morgan Housel
1 Question
How will your approach change if you increase the time horizon on your health or wealth goals?
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Until next week,
Devashish Chakravarty
Author of YourSortingHat
Columnist for Careers at The Economic Times