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Three Things I’ve Learned From Warren Buffett

Three Things I’ve Learned From Warren Buffett
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Stop pretending it’s all a party: The social contract of working at a startup By Sarah Lacy On June 25, 2013 Perhaps it’s because I’ve worked my whole career in media and startups. But I’m having a hard time getting super lathered up about Bloomberg’s takedown of what it is like to work at Fab. Don’t hang your jacket on the back of a chair? Conde Nast gets away with this, because fashion is core to its brand. But let’s not stop at Conde Nast. And while we’re at it….how about Bloomberg? Companies are living organisms. Startups are like newborns. Startups are raw outgrowths of founders’ personalities, pure and simple. This isn’t just true when it comes to creating companies. Companies like Yahoo and Google and Facebook and Fab and Airbnb and Github aren’t just reinventing their industries, they are reinventing what it’s like to work in a major corporation in America. For people like me, this is why startups are fun to write about a be in. Right or wrong, I laughed when I read this in Goldberg’s blog today: Claim. Not everything Bloomberg alleges about Fab is funny.

The Seven Habits of Highly Effective Mediocre People The One-Minute Trick to Negotiating Like a Boss - Heidi Grant Halvorson Life is full of negotiations, big and small. We negotiate for raises, we negotiate with clients and providers over prices, and we negotiate for more staff, the best projects, and flex time. (Then we go home and negotiate with our kids about how old you have to be to get your own smartphone.) To be successful, you really need to know how to negotiate well. Who Keeps Their Eyes on The Prize? Promotion-focused people think about their goals as opportunities to gain — to advance or achieve, to end up better off than they are now. As Tory Higgins and I describe in Focus and in our recent HBR article, these different ways of looking at the same goal impact everything about us — our strengths and weaknesses, the strategies we use, and what motivates us. In one of Galinsky’s studies, MBA students performed the role of a job recruiter, whose goal was to hire a desired candidate (played by another MBA student) while paying the lowest possible signing bonus. Why were they so successful?

Wes Welker's transition from Brady to Manning has been smooth, swift - Yahoo Sports Canada Don't mess with nuclear Russia, Putin says By Alexei Anishchuk LAKE SELIGER Russia (Reuters) - President Vladimir Putin said on Friday Russia's armed forces, backed by its nuclear arsenal, were ready to meet any aggression, declaring at a pro-Kremlin youth camp that foreign states should understand: "It's best not to mess with us." Putin…

Gaz de schiste, fracturation hydraulique : pourquoi tant de craintes ? Aux États-Unis, près de 20.000 puits d'exploitation du gaz de schiste devraient voir le jour chaque année jusqu'en 2035 (selon un article paru en juillet 2012 dans Environmental Health). Cependant, jusqu'à 10 puits pourraient être creusés par plateforme afin de réduire l'impact sur le territoire. © Justin Woolford, Flickr, cc ny nc sa 2.0 Gaz de schiste, fracturation hydraulique : pourquoi tant de craintes ? - 4 Photos À l’heure où la France aborde la délicate question de la transition énergétique, un sujet polémique revient de plus en plus sur le devant de la scène : l’exploration et l’exploitation du gaz de schiste. Certains y voient une solution miracle. Cependant, de nombreux mouvements citoyens se sont élevés dans notre pays pour décrier cette filière énergétique. Pour ce premier article sur la question, Futura-Sciences a interrogé Marine Jobert, coauteur du livre intitulé Le vrai scandale des gaz de schiste (éditions Les Liens qui Libèrent). La question des eaux usées à traiter

Why You Didn't Get What You Asked For | Stephenie Zamora Have you ever really, really wanted something? The perfect apartment, a great guy or new job? Maybe it was a trip with your friends to a tropical destination or a really awesome new tech gadget. You told everyone that you had to have it... you prayed, wished, vision-boarded and focused your intention on it... but it just didn't happen. Before you get negative and think, "nothing ever works out for me," you're not alone! While that can definitely be a bummer, there is a reason. Four Reasons You Didn't Get What You Asked For 1. For starters, the universe can't deliver if it's unclear on what you want. "I need more money," is not the same as, "I need $4,375.38 by March 1." When deciding what you want, whether it's a soul mate, new job or material object, you have to be as specific as possible. The more specific you can be, the more you'll be able to envision and experience it before receiving. 2. If you want a glorious new position at a fabulous firm downtown, awesome. 4. Take Action Now!

The Best of Bain Bain Insights home The Best of Bain More Your brand's best strategy In some industries, such as chemicals, paper, and steel, market share and profitability are inextricably linked. Loyalty-based management When a company consistently delivers superior value and wins customer loyalty, market share and revenues go up and the cost of acquiring new customers goes down. Who has the D? An approach called RAPID® can help companies unclog their decision-making bottlenecks by explicitly defining roles and responsibilities. Look before you lay off Many businesses consider layoffs a necessary evil in a weak economy. Value acceleration: Lessons from private equity masters Top private equity firms know how to transform businesses and create exceptional returns for their investors. Bain & Company | 1973-2013 Learn more about some of the most provocative and enduring articles written for Harvard Business Review by Bain authors in this 40th anniversary collection.

Peyton Manning playing with chessmaster's mind ENGLEWOOD, Colo. — Just two years removed from the neck troubles that weakened his right arm but strengthened his resolve, Peyton Manning is off to the best start by any quarterback in NFL history. He returns to Lucas Oil Stadium on Sunday a much better player than the one who left Indianapolis teary-eyed in 2012 after the Colts let him go in favor of Andrew Luck. Manning has four terrific targets in Denver to go with the skill, intellect, work ethic and determination he’s always had. With Wes Welker, Demaryius Thomas, Eric Decker and Julius Thomas sharing the catches, the unbeaten Broncos are averaging an eye-popping 42 points a game. Manning loves dissecting defenses and poring over game film but hates digging deep into his own psyche to decipher what makes him tick. Listen closely to some of his words, though: “I love practicing every day.” “I’m still learning.” “By no means do I have everything figured out.” This from the four-time MVP who narrowly missed out on a fifth last year.

The Psychology of Entrepreneurial Misjudgment, part 1: Biases 1-6 Mar 24, 2008 Charlie Munger is an 80-something billionaire who cofounded top-tier law firm Munger, Tolles & Olson and is Warren Buffett's long-time partner and Vice-Chairman at Berkshire Hathaway, one of the most successful companies of all time. Some people, including me, consider Mr. Munger to be an even more interesting thinker and writer than Mr. Buffett, and recently a group of Mr. Mr. In this series of blog posts, I will walk through all 25 of the biases Mr. One: Reward and Punishment Superresponse Tendency I place this tendency first in my discussion because almost everyone thinks he fully recognizes how important incentives and disincentives are in changing cognition and behavior. Human response to incentives is indeed a huge behavioral motivator, and I think Mr. There is a wrong-headed and dangerous theory afoot that restricted stock (grants of fully in-the-money shares of stock) is a more appropriate motivator of employees of tech companies than stock options: Mr. ...

Five Things Entrepreneurs Should Never Do Editor’s note: James Altucher is an investor, programmer, author, and several-times entrepreneur. His latest book, “Choose Yourself!” (foreword by Dick Costolo, CEO of Twitter) came out on June 3. Follow him on Twitter @jaltucher. I’m breaking all the rules. I’m at a silent retreat for the week. My wife is two doors down. It’s in a beautiful area. I like to stay in my room and write. Don’t tell my wife. A friend of mine has a startup. But I thought of a company that could use the product and I like to help my friends. I called the CEO of the company (before the retreat). The head of sales of the billion revenue company got all the data I needed to help my friend make a demo. I called my friend, sent a spec of what I wanted, and said “can you make a demo of what this company needs.” Then he made the following mistakes. To be fair, I wish I had had been as smart as him when I was 26 years old. 1) He was late. This was perfectly set up for the software of his company. Why was he late?

Forty ways to save a fortune in Advice & Guides by Andy Yates. Permalink . Andy Yates shares 40 golden rules to becoming a business super-scrimping success. In these troubled times, businesses and entrepreneurs can’t always rely on anybody else’s financial support. Banks - not worth the paper their money is printed on when it comes to actually lending you any cash. Customers - difficult to come by in this day and age of austerity, and even more difficult to get them to pay you any time soon. Investors - nice idea, but only a tiny fraction of businesses who want investment ever get it. But the good news is, if you play it right, you can cut your costs dramatically. The adage of "look after the pennies and the pounds will look after themselves" is old hat. Whatever the size and stage of the business you are involved in, there are plenty of savings on offer to the canny entrepreneur. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

Hi r/NBA, my name is Robert and I'm an athletic trainer. This is my Kobe Bryant work ethic story. : nba