This is a book excerpt from the book The Self-made Billionaire Effect by John Sviokla. The book caught my attention first when I saw an interview with Tai Lopez and GaryVee. Tai mentioned this book when Gary explained how he lives by seemingly contradictory principles like patience and an urgent drive to act. Being egotistical … Read more
I work in a company where we as engineers often also are the decision makers. We often listen and talk to our customers asking them for feedback. In fact, as of yet, we don’t really have a help-desk between our customers and our engineers. It baffles me how some of the bigger companies, or should … Read more
Manuel J. Smith’s book has quickly become one of my favorite books. Reading it is an eye opener and excellent immunizer to manipulation. Here is one particularly useful technique that will help you to be more assertive. To enforce your assertive rights and to halt manipulation of your behavior, you seed to change your own … Read more
This part of the book Learned optimism shows how optimism can be influenced by a political system. Explanatory Style Across Frontiers IN 1983 I WENT to Munich to attend the Congress of the International Society for the Study of Behavioral Development, and on the second day I fell into conversation with an intense young German … Read more
I’m currently reading three books in parallel, Mindsight, Buddha’s brain and The Buddha walks into a bar. All three books show how we can rewire our brain with practice although, from slightly different angles. That’s what makes it so interesting to read them at the same time. Yesterday I read a few chapters of Mindsight in … Read more
In the following paragraphs, Shawn Achor explains how he managed to form a new daily habit by planning ahead and making it easier for him to play his guitar every day. THE 20-SECOND RULE How to Turn Bad Habits into Good Ones by Minimizing Barriers to ChangeD uring one of the first trainings I ever … Read more
“That year, 15,000 people came to Omaha’s Woodstock for Capitalists. Buffett’s $36 billion fortune was once again exceeded only by Bill Gates’s. He had bounced back, almost to the top of the heap. “What is the ideal business?” a shareholder asked when the questions began. “The ideal business is one that earns very high returns … Read more
“Buffett had written an article for Fortune, “Why I’m Down On the Dollar,”20 in which he explained that he had made significant investments in foreign currencies out of a belief that the dollar would decline in value. The reason was something called the trade deficit: Americans were buying more from other countries than they were … Read more
This excerpt from the book Snowball explains why taking debt to make up losses is tempting but not good. “The advent of the Bloomberg terminal, symbol of the new computerized trading, mirrored the ongoing struggle over Salomon’s identity, which continued within the firm. Its laggard businesses had never gotten back on their feet. In 1994, … Read more
Excerpt from the book The Snowball: Warren Buffett and the Business of Life “At the time that Buffett invested in Salomon, the market was near a breaking point. In his shareholder letter the previous March, he had said that money managers were so hyperkinetic they made “whirling dervishes appear sedated.” He didn’t have a partnership to … Read more
Warren Buffet’s biography The Snowball is a fascinating read. The following chapters will show you how Warren Buffet made his first profit from buying stocks at the age of 11, and his first big mistake. “A year later, he brought forth the kernel of his reality. To his family’s amusement and surprise, by the spring … Read more
Warren Buffet and Charlie Munger explain why volatility does not equal risk. This reasoning applies beautifully to cryptocurrency investing, in my opinion. Another important lesson is to not put too much trust in charts and statistics but rather apply, as Charlie calls it, “enlightened common sense.” “Buffett noted with fascination that what is taught about … Read more
“Working with these kids taught me a lot about myself. Until then I thought I was the poster boy for the American dream. I came to the United States virtually broke, worked hard, kept focused on my goal, and made it. This really was the land of opportunity, I thought. If a kid like me … Read more
Excerpt from Your 3 best superpowers “HAVE REALISTIC EXPECTATIONS The next step in preparing to successfully meditate is to have realistic, grounded expectations of your practice before you begin. When I began learning to play the piano (which is a wonderful form of meditation, by the way), I was very enthusiastic. Learning scales was easy, … Read more
Everyone seems to talk about periodization training but what exactly is it? I like the explanation of Mark Lauren from his Book You are your own gym, one of my favorite exercise books and the one with which I started my new fitness journey some time ago. Let’s read what Mark has to say about … Read more
Yjcv ku vjg pcog qh vjg uauvgo wugf da jco qrgtcvqtuvq ocmg htgg rjqpg ecnnu? My instinct for finding a way around barriers and safeguards began very early. At about age one and a half, I found a way to climb out of my crib, crawl to the child gate at the door, and figure … Read more
In the following excerpt from Dr. Garth Davis’s book Proteinaholic he explains how to recognize valid research and manipulated/biased/sponsored research. Research Truth and BS: How to Speak Science In Chapter 3, I told you about my rapid transformation from sick, overweight, and sluggish patient to healthy, lean, energetic triathlete. Had I been an accountant, a bricklayer, … Read more
I’ve read many books about motivation, drive and willpower, but I had never seen lack of motivation from the stress angle. It makes a lot of sense, as I myself feel more energized and motivated since I switched to a plant-based diet. Brendan Brazier’s explains in his book Thrive that stress is a big deal … Read more
In this excerpt from The Art of Happiness the Dalai Lama explains the difference between beneficial and less beneficial desires. Crossing the hotel parking lot on my way to meet with the Dalai Lama one afternoon, I stopped to admire a brand-new Toyota Land Cruiser, the type of car I had been wanting for a … Read more
This is from one of my favorite books The 7 habits of highly effective people. When we make deposits of unconditional love, when we live the primary laws of love, we encourage others to live the primary laws of life. In other words, when we truly love others without condition, without strings, we help them … Read more