From The Reformed Broker
From The Reformed Broker
Frank Underwood is a man who should terrify and disgust all of us, but admit it: You admire him. He’s a sadistic, selfish and destructive individual, but observing his meticulous and deliberate pursuit of power is intoxicating.
We all secretly wish we could somehow muster the uncompromising willpower he so effortlessly displays.
Fortunately, most of us are decent people who aren’t prepared to deceive and kill people in order to achieve success.
If you are willing to overlook his more sinister qualities, though, Underwood is a character who can teach you a great deal about what to desire in life and how to acquire it.
Here are five quotes from Frank Underwood that’ll inspire you to claw your way to the top:
Give respect where respect is due, but don’t be afraid to defend yourself when necessary. This isn’t to say you should respond to disrespect with physical force, but you should always have a fighter’s spirit.
Remain cognizant of the fact that there are many deceitful people out there. Give everyone you meet the benefit of the doubt, while also acknowledging people’s capacity to betray you.
This will ensure no one ever takes advantage of you. The world is a delicate balance of light and darkness, and people are no exception.
We mold our own realities. Don’t sit there and complain when you aren’t satisfied with the way things are going; this reaction is useless. Realize you’re in complete control of your destiny. No one else can force you to do anything. Action and inaction are both conscious choices.
We can either remain static and watch the world float past us, or stand up and meet it head on. Dissatisfaction in life is a product of falling victim to the illusion that the choices before us are finite.
Never lose sight of the fact the universe is full of endless possibilities.
We live in an inherently competitive world. This doesn’t necessarily mean this competition is always occurring between different people. Your greatest adversary is yourself, so be ruthless. If you want to outdo someone, outdo yourself.
You’ll never face a greater opponent than your own mind, so show no mercy. When you face obstacles, your mind will tell you lies, and it will make you second-guess your capabilities. Don’t listen.
A true hunter never lets fear and self-doubt stand between him and his prey. Don’t give in to panic and irrationality, they will lead you astray. Conquer yourself, and all of your fears, insecurities and doubts, and you’ll conquer the world.
The fight for your mind is the greatest battle you’ll face.
Don’t waste your life chasing superficial and materialistic notions of success.
Money provides you with the ability to acquire finite materials. Power provides you with the ability to dictate the direction of society.
Success is about creating something to stand the test of time; it’s a product of fostering observable transformations in the world.
People can’t buy their way into history. You have to build a legacy, it can’t be purchased. Money is fleeting, power is enduring.
We can either learn from pain or let it destroy us.
Self-pity and negativity are perhaps the most futile human emotions. They’re a self-imposed form of pain only serving to deplete us of energy and motivation.
We will all face challenges in life, and we will all experience pain. We can either feel sorry for ourselves, or use the pain as a source of learning and strength.
Failure is painful, for example, but it’s also extremely valuable and enlightening. It teaches us we aren’t invincible, while simultaneously exposing our flaws. In order to grow stronger, we first have to recognize, acknowledge and improve upon our weaknesses.
Don’t allow yourself to fall victim to useless pain.
From: Business Insider
Ray Dalio has been called “Wall Street’s Oddest Duck” for his highly unusual approach to management, but no one has ever questioned his brilliance.
He turned his company Bridgewater Associates into the world’s largest hedge fund, with $160 billion in assets, and amassed a personal fortune estimated at around $15.2 billion.
Dalio runs Bridgewater according to the theory of “radical transparency,” which means that all meetings and interviews are recorded and archived, and any level of employee is encouraged to criticize another if necessary. Every Bridgewater employee is given a copy of the 123-page manual he wrote on leadership.
It includes a section in which Dalio outlines the habits he believes took him from a lower-middle class childhood to one of the most powerful people in finance. We’ve summarized them below:
Dalio writes that he hated school as a boy because he could not find practical applications for things he was forced to memorize. He decided that he wanted to be successful, requiring him to be motivated. And to be motivated, he had to work for himself.
He started delivering newspapers, mowing lawns, and caddying, and at the age of 12 he made his first investment in the stock market.
“All the work I ever did was just what I needed to do to get what I wanted. Since I always had the prerogative to not strive for what I wanted, I never felt forced to do anything,” Dalio writes.
When he started investing as a kid, he began cutting out coupons from issues of Fortune magazine that could be mailed in for annual reports for Fortune 500 companies. He gathered as many as possible and took an amateur shot at figuring out the market.
It’s the same attitude he’s taken toward managing his employees. At this point, he’s used to Bridgewater being called cultish and weird, but he’s consistently responded by saying that the employees who work there naturally fit into the firm’s unique culture. And it’s certainly been working for them.
Dalio says that as a novice investor, he started the habit of asking the opinion of anyone he deemed a somewhat savvy investor — his stockbroker, the people he caddied for, and even his barber.
“I never cared much about others’ conclusions — only for the reasoning that led to these conclusions,” he writes. “That reasoning had to make sense to me. Through this process, I improved my chances of being right, and I learned a lot from a lot of great people.”
Dalio has grown Bridgewater so tremendously because he lowers his risk as much as possible before making a decision.
“Sometimes when I know that I don’t know which way the coin is going to flip, I try to position myself so that it won’t have an impact on me either way. In other words, I don’t make an inadvertent bet. I try to limit my bets to the limited number of things I am confident in,” he writes.
A major portion of Dalio’s manual is dedicated to decision-making and analysis of results. He says that learning to appreciate failure early on was very valuable for him:
I learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective. I learned that wrestling with my problems, mistakes, and weaknesses was the training that strengthened me. Also, I learned that it was the pain of this wrestling that made me and those around me appreciate our successes.