Earlier quoted context omitted.
I don't think that's true at all, pulling two obvious examples out of the air, both Bill Gates and Warren Buffett, two of the most successful men in history, are both seemingly dedicated to their families. Success is also a subjective term, success here is (I think) implicitly being defined as wealth, both Gates and Buffett are hyper-successful, and I know plenty of more-ordinarily successful people with families too…
I don't view anyone who has amassed anything under $10MM in networth as successful; I believe me and the parent are in agreement on this. You cannot amass this much wealth in a reasonable -- 40-50 y.os need not apply -- timeframe if you have a family commitment. Even significant others may become detrimental to that end, if they cannot accept that they're #2 now. Close relationships take time. An absolute fuckload of…
“Become Abnormal”: traits to cultivate for top performance
91–100 of 116 posts
Re: “Become Abnormal”: traits to cultivate for top performance
#92Earlier quoted context omitted.
Happiness is highly overrated and I doubt it even exists as a constant state of being. People thrive on different amounts of stress and many people need a certain amount of stress to remain sane.
My understanding is that people have a pretty consistent "set point" of happiness that may vary, but generally returns to the set point. See research on lotto winners.
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Long-run Effects of Lottery Wealth on Psychological Well-being
http://www.nber.org/papers/w24667
We surveyed a large sample of Swedish lottery players about their psychological well-being and analyzed the data following pre-registered procedures. Relative to matched controls, large-prize winners experience sustained increases in overall life satisfaction that persist for over a decade and show no evidence of dissipating with time. The estimated treatment effects on happiness and mental health are significantly smaller, suggesting that wealth has greater long-run effects on evaluative measures of well-being than on affective ones. Follow-up analyses of domain-specific aspects of life satisfaction clearly implicate financial life satisfaction as an important mediator for the long-run increase in overall life satisfaction.
Does Money Buy Happiness? A Longitudinal Study Using Data on Windfalls
https://warwick.ac.uk/fac/soc/economics/staff/ajoswald/march...
The most fundamental idea in economics is that money makes people happy. This paper constructs a test. It studies longitudinal information on the psychological health and reported happiness of approximately 9,000 randomly chosen people. In the spirit of a natural experiment, the paper shows that those in the panel who receive windfalls -- by winning lottery money or receiving an inheritance -- have higher mental wellbeing in the following year. A windfall of 50,000 pounds (approximately 75,000 US dollars) is associated with a rise in wellbeing of between 0.1 and 0.3 standard deviations. Approximately one million pounds (1.5 million dollars), therefore, would be needed to move someone from close to the bottom of a happiness frequency distribution to close to the top. Whether these happiness gains wear off over time remains an open question
Re: “Become Abnormal”: traits to cultivate for top performance
#93I've watched enough people grow up, become rich and powerful, then find in their 40s they have absolutely no skills to enjoy the fruits of their labor. They stopped practicing empathy so long ago to get to where they were they don't even realize how much of life's genuine enjoyment they are missing. There are a few who have the time of their lives the whole way through. Not very many. In short, just because one can,…
The article opens with a story about an old lady which went to the US during one of the most immigrant-friendly times and then started a furniture store during the peak house construction boom time when land was still cheap.
I'm pretty sure that a similar immigrant entering the US nowadays will not only receive a less warm welcome, but also struggle like the rest of us during the recession.
But no matter her financial fate in the US, she'll probably have to sacrifice family relationships back home either way.
Re: “Become Abnormal”: traits to cultivate for top performance
#94Earlier quoted context omitted.
I don't view anyone who has amassed anything under $10MM in networth as successful; I believe me and the parent are in agreement on this. You cannot amass this much wealth in a reasonable -- 40-50 y.os need not apply -- timeframe if you have a family commitment. Even significant others may become detrimental to that end, if they cannot accept that they're #2 now. Close relationships take time. An absolute fuckload of…
You could have saved the time spent writing this and just said “I’m insecure about my inablility to connect with people”.
It was just a game at the end of the day. Make the right moves, win the right prizes. But like any game, you lose the magic after a while. And unlike video games, you can't just step back and take a break from doing it, it's an unavoidable part of being human.
But you're not off-base. At this level you definitely lose touch with everything people find "normal." I've found myself not caring about other people or their problems. Why would I?
Group dynamics are emergent behavior that's coded into our DNA to increase survival, prisoner's dillema style. If someone does nothing for me or adds nothing to my life, why would I give them any of my empathy? Can't they fix their own problems? Do they wish some knight in shining armor would ride in and save them? Do they want a handout? My empathy, for free? How selfish is that.
Every problem has a solution, endless complaining gets one nowhere. When I was broke and homeless, I'd get my own hands dirty. Now that I'm comfortably wealthy, I can throw money at whatever problem pops up.
Whatever problems, emotional, physical, mental, sociological, economical, yada yada yada, that you have are your own responsibility. No one really gives a shit about anyone else; all relationships are transactional, and if you're not offering me gold beads, you're not getting my muskets.
Ranting aside, that's a brief intro to my experience and worldview. If any particular piece resonated with you strongly, please leave a reply. I'm always interested in seeing original ideas, how infrequent it may be.
Re: “Become Abnormal”: traits to cultivate for top performance
#95Earlier quoted context omitted.
The funny thing about knowledge work is that it sits somewhere between additive and compounding. Additive like: Let's say you shovel sand into a pit and you shovel 1% more than your peers every day for a year. By end of year, you will have shoveled 1% more. Compounding like: You're a derivatives trader and make 1% more returns every day for a year than your peers. By end of year you will have made 3780% more. Knowled…
Great idea. As a beginner i struggle with this. Since you have thought about this, Any tips on how to achieve the compounding? Thank You.
Re: “Become Abnormal”: traits to cultivate for top performance
#96I am somewhat surprised and taken aback by the level of negative comments in the thread... However, I suspect that the article “touched a nerve”. In my experience, the “stronger the reaction” the more likely something is there (think Lean Startup). The opposite of love is not hate, but indifference. That said, I will echo/slightly modify some of the positive comments I read: it isn’t about being “abnormal” in working…
The first point that the article tries to push is "Don't make reasonable excuses". To justify that point he tells a story about a woman that was successful despite facing incredible challenges. Here's the problem with that though: She succeeded, but that's got nothing to do with reasonable excuses. Did she make reasonable excuses? I don't know. Why are we taking the message from her story that we should not accept reasonable excuses? Surely a story to justify not making reasonable excuses should actually involve someone succeeding because they didn't make reasonable excuses. And this underlines a fundamental issue with the article - it's true that by definition the most successful people are abnormal. But it's not useful. The least successful people are abnormal. The important bit is how you're abnormal.
This is exacerbated by the fact the article is so basic and formulaic in its structure. It's the old 7 habits of highly effective people. You make a pithy statement, you write a little bit explaining the claim that doesn't really justify the statement - it justifies a very specific reading of the statement to the point of the pithy statement being meaningless, and then it tells you an anecdote. The anecdote doesn't justify the claim whilst simultaneously wildly over-stating the importance of the claim. John Wooden won basketball games because he stopped worrying about things he couldn't control! Great! Firstly, that's not abnormal, and secondly I'm fairly certain practicing basketball had more to do with his success.
All I'm saying is that the structure and style of this article is bad. You can argue about the merits of the things he's proposing, but they're proposed in such a 1990s self-help way of presenting these things, and it's not even well executed. As a result it's really easy to bash.
Re: “Become Abnormal”: traits to cultivate for top performance
#97Earlier quoted context omitted.
I don't think that's true at all, pulling two obvious examples out of the air, both Bill Gates and Warren Buffett, two of the most successful men in history, are both seemingly dedicated to their families. Success is also a subjective term, success here is (I think) implicitly being defined as wealth, both Gates and Buffett are hyper-successful, and I know plenty of more-ordinarily successful people with families too…
I don't view anyone who has amassed anything under $10MM in networth as successful; I believe me and the parent are in agreement on this. You cannot amass this much wealth in a reasonable -- 40-50 y.os need not apply -- timeframe if you have a family commitment. Even significant others may become detrimental to that end, if they cannot accept that they're #2 now. Close relationships take time. An absolute fuckload of…
Re: “Become Abnormal”: traits to cultivate for top performance
#98Yeah, I get this a lot. I spend hours every day dedicated to doing things to improve my skills to become more valuable in IT. People think I'm crazy, but in the time frame I have begun to do this (since my daughter was born) I can now probably run circles around anyone else who would have started at the same time. Hours of dedication, every day, is not normal. It's probably not healthy either, but I got a late start…
The funny thing about knowledge work is that it sits somewhere between additive and compounding. Additive like: Let's say you shovel sand into a pit and you shovel 1% more than your peers every day for a year. By end of year, you will have shoveled 1% more. Compounding like: You're a derivatives trader and make 1% more returns every day for a year than your peers. By end of year you will have made 3780% more. Knowled…
If you fix enough things, you build a collection of tools and techniques that let you fix just about anything. You also build a lot of confidence in your own repair skills.
Two years ago, I bought my first motorcycle. I was afraid to change the oil on it. I'm currently rebuilding a motorcycle engine. A lot of that knowledge carries to bicycles and cars, so in a sense, it compounds.
Re: “Become Abnormal”: traits to cultivate for top performance
#99Earlier quoted context omitted.
You could have saved the time spent writing this and just said “I’m insecure about my inablility to connect with people”.
I think it's because I was able to connect with people so well when I was young that I went down this path. It was just a game at the end of the day. Make the right moves, win the right prizes. But like any game, you lose the magic after a while. And unlike video games, you can't just step back and take a break from doing it, it's an unavoidable part of being human. But you're not off-base. At this level you definite…
> If someone does nothing for me or adds nothing to my life, why would I give them any of my empathy?
> Whatever problems, emotional, physical, mental, sociological, economical, yada yada yada, that you have are your own responsibility. No one really gives a shit about anyone else; all relationships are transactional, and if you're not offering me gold beads, you're not getting my muskets
Let me guess, you're American or living the US ?
We're not hunter gatherers anymore, we don't have to act like cavemen whose sole purpose is to to accumulate as many shiny stones as possible even if it means destroying other people's life. Sure if you decide to see the world as full of people trying to take advantage of you that's exactly what you'll see everywhere,.
What's the point of living in societies if it's to live like everyone is out there to get you and not solve problems together. You can become wealthy enough to not worry about money without acting like a 6 years old kid trying to get as many pokemon cards as possible.
Re: “Become Abnormal”: traits to cultivate for top performance
#100Earlier quoted context omitted.
The funny thing about knowledge work is that it sits somewhere between additive and compounding. Additive like: Let's say you shovel sand into a pit and you shovel 1% more than your peers every day for a year. By end of year, you will have shoveled 1% more. Compounding like: You're a derivatives trader and make 1% more returns every day for a year than your peers. By end of year you will have made 3780% more. Knowled…
Great idea. As a beginner i struggle with this. Since you have thought about this, Any tips on how to achieve the compounding? Thank You.
You have to be comfortable with making mistakes and being bad at things, because it happens a lot when you're just getting started.