Elink Vid:Warren Buffet and Bill Gates Answering questions from columbia biz students

I’m posting this because sometime around twenty minutes into the video a girl asks bill what industries does he think will produce the next bill gates because that is the industry that the girl wants to work on, after bill’s answer Warren B butts in and says:

“Find What Turns You On, Find what you have a passion for,

If somebody said to me bill’s biz was gonna be exciting I don’t think I would have done well…” (watch the video)…””….

“I will guarantee you’ll do well on whatever turns you on.

Don’t let anybody else tell you what to do,

You’ll figure out when your doing something..(didn’t finish)”

I was in tears,

It just hit me at the right time.

I was forgetting this.

I needed to be reminded.

Some decisions have been made tonight.

God is Good.

Advice::The three habits… | The Economist

Which points to the most irritating thing of all about management gurus: that their failures only serve to stoke demand for their services. If management could indeed be reduced to a few simple principles, then we would have no need for management thinkers. But the very fact that it defies easy solutions, leaving managers in a perpetual state of angst, means that there will always be demand for books like Mr Covey’s.

via The three habits… | The Economist.

We want easy answers, we want gurus to find the answers for us. Damn. The journey is the fun part, all the angst, all the ups and downs. Learn to Learn. Learn to target. Learn what to target. Read if you must (I surely do) but never forfeit the right to think!

Advice:: Ten Simple Rules for Choosing between Industry and Academia

Rule 7: Plan for the Long Term Top

Having noted the current situation in Rule 6, it's important also to say that a career decision should be made with the long haul in mind. The business cycle will eventually reverse itself, and while the business model may need to change irrevocably, the aging population alone dictates that healthcare will be an increasing global priority. Likewise, history shows that growth in government funding for science waxes and wanes, with a time constant somewhat longer than a decade. Trying to optimize a career decision based on current conditions is a bit like trying to time the stock market—you are sure to be overtaken by events.

One approach is to choose some reasonably long time frame, perhaps a decade, and ask yourself whether you'd be content to have lived through the average ups and downs you'd experience in a given job over that period. In academia, that would include a tenure decision (rate your chances), a lot of grant applications with mixed success at best, and maybe some great students and really significant scientific contributions. In pharma or large biotech, it would encompass a couple of promotions, your own group and maybe a department, at least one merger or other big disruption, and several rounds of layoffs. In small business, it might include a failed startup (or two, or three), an IPO if you're lucky, and a lucrative exit strategy or long-term growth if you're really lucky.

If you game these scenarios with various probabilities, and use your imagination, it just might become clear which ones you have no stomach for, and which ones really hold your interest.

via PLoS Computational Biology: Ten Simple Rules for Choosing between Industry and Academia.

There was an aha moment when I got this. I used to plan. In planning I count myself as topnotch. I coupled this with an extremely frank, honest evaluation after. Repeatedly doing this It hit me that as Dwight Eisenhower said

“In preparing for battle I have always found that plans are useless, but planning is indispensable.”

“Plans are nothing; planning is everything.”

See, it hit me that as things become more complicated the more useless plans become. To be really rational about something what you need to do is develop a personality of adaptability. To be a person that can face most of anything. To train yourself to be quick on your feet, and great at improvisation.  We can guess a lot of things about the future we can see trends and have a feel for what is happening, But in a sense predicting the future is simply impossible. This help wean me from believing that there is a yellow brick road to a happy/successful life. I’m no longer blind to believing that anything is a sure thing. Most things for me are probable or improbable.

Life is not as clean as that of science or math.  Yes you can use some optimization, game theory and stuff but the complexity in life sometimes mean that even if you optimize from start to finish you end up somewhere not so good, whilst even if you made so many mistakes and bad decisions you still end up someplace great. Life is choatic.

Does this mean I don’t plan? No, I still plan during times when I don’t have anything better to do. This is because planning is everything. It is aform of play acting. It’s probably my excuse for perusing science fiction, to put myself in situations where making decisions does not follow simple rules.

If all things fail, cheer up always remember that the human mind has an extreme ability to be okay with most things. Just ask Dan Ariely(In his 2005 TED Talk I think.)

rePost::The Long View: Comelec lays down case for persecution : Manuel L. Quezon III: The Daily Dose


The Long View

Comelec lays down case for persecution

By Manuel L. Quezon III

Philippine Daily Inquirer

First Posted 00:14:00 11/16/2009

THERE is no point arguing the merits of the Comelec’s decision to deny Ang Ladlad recognition as a party-list group. That is because there are none. The paper produced and signed by Commissioners Nicodemus Ferrer, Lucenito Tagle and Elias Yusoph is a religious tract masquerading as a legal document. However, it has legal consequences and that requires examination—and opposition.

The Comelec commissioners’ faith-based opinion now enjoys the presumption of legality and it continues what the Comelec began in 2007, that is, to deny Ang Ladlad the opportunity to seek a mandate from the electorate. While no one in their right mind considers the Comelec commissioners’ decision to be worth the paper it’s printed on, the Comelec decision requires Ang Ladlad to go through the process of appeals and possibly fight things out all the way to the Supreme Court—by which time it will be the eve of the 2013 elections. By which time a case would have been built for ordering the arrest of members and supporters of Ang Ladlad, of Danton Remoto and even the publishers of his works.

via The Long View: Comelec lays down case for persecution : Manuel L. Quezon III: The Daily Dose.

Advice::The 40-30-30 Rule: Why Risk Is Worth It :: Tips :: The 99 Percent

Many of the strategies employed in competitive and recreational sports are applicable in business and our personal lives. One lesson I learned from alpine ski racing was the “40-30-30 Rule.” During training, early on, I tried to go fast, and I also focused on not falling. On a ride up the ski lift, my coach told me I was missing the point. He explained that success in ski racing, or most sports for that matter, was only 40% physical training. The other 60% was mental. And of that, the first 30% was technical skill and experience. The second 30% was the willingness to take risks.

via The 40-30-30 Rule: Why Risk Is Worth It :: Tips :: The 99 Percent.

I’m choosing between two job offers right now, and its a choice between safe and predictable returns versus very risky (an actual startup, again ) and zero to great returns. Most friends advice going the predictable route, I’d like to go the unpredictable route. Why is it so hard?

Advice::Don’t be a snob about career advice | Penelope Trunk’s Brazen Careerist

Full list in her blog!  Nice list. Now if I could only find someone to mentor me???

Listen to people who hate you. People ask me all the time how I put up with the level of criticism this blog draws. The interesting thing about taking advice from people who don't like me is that sometimes, they'll say things that other people wouldn't say because it would hurt me. I rely on my gut in terms of whose criticism comes from caring and understanding and whose criticism comes from an obsessive need to take me down, but after I figure that out, I still pay attention to my critics.

via Don’t be a snob about career advice | Penelope Trunk’s Brazen Careerist.