Charlie Munger, the billionaire partner to Warren Buffett at Berkshire Hathaway, describes his friend’s day as 80 percent reading—often five hundred pages. Before he invests his client’s money in a company, Buffett puts the odds in his favor by reading everything he possibly can about the company itself and the broader industry. He is not always right, but he is always informed. We might imagine him flying around on private jets, wheeling and dealing, when in fact he is more likely sitting at his desk, reading everything from the great books to technical analysis.
Mr. Buffett’s reading habit provides a powerful lesson for all of us. But most Americans read almost nothing. A friend who teaches at a large public university thinks less than half of his incoming freshmen have ever read a single book in full.
I started working from home in 2006. I love reading articles on topics I already know a lot about.
The future of knowledge work will be a hybrid. A small percentage (like myself) will WFH 100% of the time and an even smaller percentage will work in an office 100% of the time. Most will travel to their offices a few times a month and WFH the rest of the time.
I drove a 2006 Ford Taurus for nearly 15 years and didn’t pass 80,000 miles. (short commute)
My business casual attire consists of jeans and a tee shirt.
Coffee is cheaper and tastes a lot better than office coffee too.
“Everybody has a plan until they get punched in the mouth.”
The drop in the volume of employment in a given sector always has a ripple effect in the national economy. The loss of so many high-paying jobs in a short time will be a dent in the coffers of Los Angeles County and for New York state in the short term. Michele Evermore, senior policy analyst for the Washington, D.C.-based National Employment Law Project, says it hits at a time when other industries are undergoing similar sweeping realignments with huge human toll.
“Nobody’s got a plan for how to transition these massive sectors of the workforce into a different thing,” Evermore says.
Take a look at this article. Understand this is personal advice on how to have longevity and passion in the world of emergency medicine. But when you get down to the author’s top three insights, do this:
Forget the article is about emergency medicine physicians and substitute your own profession instead.
Neal Gabler is a visiting professor in the MFA Creative Writing and Literature Program at the State University of New York, Stony Brook. He is the author of a forthcoming biography of Edward Kennedy and five other books.
Ever since my undergraduate days I’ve dreamed of being a writer. Not only do I love to write but I have to write. I write almost every day. I just don’t get paid to write. Having just read Neal Gabler’s article I feel the decision to pursue a different line of work and become a non-writer was a good decision. I just never thought that 40 years later I would be doing what I did for a living as a 22 year old kid fresh out of college.
There is value in treating people as assets rather than just an expense.
So if your Mom or Dad needs home healthcare who would you hire?
A company whose employees are committed to caring?
Or a company whose contractors don’t give a shit?
What if you needed help?
Bruno rejects the popular independent contractor model, and that’s partly what sets his company apart from the competition. But it’s also very costly. Bruno declined to publicly disclose annual revenue numbers, but he said Hometeam’s profits are actually lower than most companies in the industry because of its non-traditional business model.
The caregivers at Hometeam are W-2 employees with healthcare benefits, 401-K plans and a career progression path. The company rigorously vets its in-home aides and pays them about $15 an hour – 30% to 50% more than the hourly industry standard wage of $9.50. Clients pay about $20 an hour for the service.
“The mission devours you, but it feeds you too. It endows you with focus. It lends your actions meaning. You define it and it defines you.
If you’re reading this blog, my guess is that you’re on a mission too. Don’t tell me. I don’t need to know what it is. I respect you just for having it. I salute you. If we pass in the street, I will see that mission in your eyes and I’ll silently honor it and honor you.
You had no choice in your mission, did you? You didn’t pick it. It picked you, just like it picked Jake and Elwood Blues.
“Choose one area of your life and push yourself just a little harder than you think is possible every day. You’ll feel better about yourself, and over time, you’ll get better at whatever it is you’re doing.”
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