Category: quote

Why Read?

“The ultimate answer to the question “Why read?” is that only deep, constant reading fully establishes and augments an autonomous self. Until you become yourself, what benefit can you be to others?” – Harold Bloom

woman reading book on bed in morning
Photo by Nadi Lindsay on Pexels.com

Reading helps us to become our full Autonomous-Self. How else do we know people at the intimate level, then Reading. Books help to create a greater self-knowledge and teaches about our values and capabilities. They also challenge us to help us grow. Once you finish reading, it gives us an immense confidence and satisfaction, that cannot be comprehended by any other human emotions.

Just go read, anything and everything that you can get hold off.

Luck or Skill

It’s almost impossible to know if one’s personal, financial, business or career success is due to luck or skill. But one true aspect to be aware is it takes many years for skills to win over luck.

japanese lucky coin cat
Photo by Miguel Á. Padriñán on Pexels.com

Big trends rarely have one cause. In some endeavors like selling books and movies, luck plays a larger role. There is a paradox of skill. As skill improves, performance becomes more consistent, and therefore luck becomes more important. As individuals advance in their careers, their duties often slide toward the luck side. The tools that made an executive very successful as the head of operations may be of little use when he is promoted to CEO, a position in which it’s much more difficult to find causes for specific effects. When luck stands between cause and effect, giving and receiving quality feedback becomes much more difficult.

Make luck your destiny by solving Principal-Agent Problem

If you’re able to hack Principal-Agent problem, you can run any businesses.

But I warn you, this is a very difficult problem to solve. So what is a Principal-Agent problem? Principal and Agent are highly separated until you solve the problem. Principal is an Owner, where as Agent is an Employee. As a principal, if you can make your employees think like you and embed founders mentality in your agents, it’s better half long term. if you’re an Agent, and if you operate like an owner, it’s just a matter of time before you become a principal.

Remember business biographies are useless for building a great business. They’re good for inspiration. They are not copyable. Without sincerity and obsession to solve the basic principal-agent problem, you won’t get there.