Week 21: Invert Incentives

Here we go again. Here’s what’s been on my mind recently.

A difficult conversation I had.

In management, I should position any feedback in terms of the benefit of the listener. Simply, minding incentives. This is essential for giving feedback as a manager (especially negative feedback.)

What people do (and sometime say) is based on their incentives. Understand incentives, and I shall understand what people want. And I should know how to approach them.

Ala. Charlie Munger: “Show me the incentive, and I’ll show you the outcome.”

Charlie Munger, whom I reread the book that’s based on his wisdom: Poor Charlie Almanak. Recommeded.

Best of what I watched.

Tim Ferriss interview with my favorite author, Nassim Taleb. Although the podcast gives a very brief look of what Nassim has worked on or what his philosophy is, it’s still a good intro to Nassim from financial market POV.

Podcast version here. And youtube version here.

1 thing that is making me happy?

Journalling for 20 min in the morning.
Reading for 40 min in the morning.
Going weekly to a coffee place I like with Lamis, like Arome in London, and ordering exactly the same thing.
Having a structure for the day by planning my day, a day before.
Blocking time for myself to sit and think.
Working with people smarter than me.

1 thing that is making me angry?

People who need high maintenance. And people who don’t care.

What am I unwilling to feel?

Stagnation.

Salam, peace.