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.