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Life Lessons from Reid Hoffman

Founder of business social network Linkedin Reid Hoffman is one of the most well connected people in Silicon Valley and throughout the world. Be Casnocha has co-authored two books with Hoffman: The Alliance & The Start-Up of You. As he followed Reid around for over two years he learned a ton of great lessons and has shared some of them with readers which I recommend checking out here: http://casnocha.com/reid-hoffman-lessons

For those who want the cliff notes of the top 16 he lists they are below:

16 Lessons Learned (Among Many!)

  1. People are complicated and flawed. Root for their better angels.
  2. The best way to get a busy person’s attention: Help them.
  3. Keep it simple and move fast when conceiving strategies and making decisions.
  4. Every weakness has a corresponding strength.
  5. The values that actually shape a culture have both upside and downside.
  6. Understand someone’s “alpha” tendencies and how that drives them.
  7. Self-deception watch: even those who say they don’t need or want flattery, sometimes still need it.
  8. Be clear on your specific level of engagement on a project.
  9. Sketch three possible outcomes for a project: the likely upside, likely ‘regular’, and likely downside scenarios.
  10. A key to making good partnerships great: Identify and emphasize any misaligned incentives.
  11. Reason is the steering wheel. Emotion is the gas pedal.
  12. Trade up on trust even if it means you trade down on competency.
  13. Tell the truth. Don’t reflexively kiss ass to powerful people.
  14. Respect the shadow power.
  15. Make people genuine partners and they’ll work harder.
  16. Final: The people around you change you in myriad unconscious ways

Like other powerful Silicon Valley Titans Ben talks about Reid's mission to save and change the world for better.

"But what he really wants to do is save. He wants to use his talent and network and money to change the world for the better and solve some of humanity’s biggest problems. He is among the most selfless and externally-generous people I’ve met in my life."


Legend Ed Thorpe Interview

On a recent Chat with Traders interview somebody I have followed for years Ed Thorpe was interviewed. I highly recommend those that are into Mathematics to listen to it here.

The interview is for an upcoming book release by the famous mathematician and Beat the Dealer author. At the end of the interview he discusses his memoir and how he got started in life and into things like Blackjack, Roulette, the stock market, and the different profit centers that he found along the way. These include statistical arbitrage and a hedge fund that was chronicled in a book that I read years ago called "Quants".  He also says at the end of the interview that you can still beat 90% of the investors without doing a lot of work as the majority of people are lazy. It is however important about finding out whats really important in life. Most people in life just don't get it because some people put too much value into work and not into truly living because money truly isn't everything. People get hooked and don't stop working for money because you can never have enough and thats what drives a lot of people to pile up more and more money (not true wealth) and then wondering what it was really for? In the end if you can't go out and enjoy it why did you work so hard to obtain it?

Lesson: Don't just pile up wealth. Do something of value in life. Think about how you will be remembered.


Person of the Week Robert Marchand

Starting 2017 off on the right Cycle Robert Marchand has an impressive feat at 105 years old. Almost 100 years ago Robert Marchand was told by a cycling coach that he should give up as he would never amount to anything on a bicycle. Well here we are almost 100 years later and that coach long gone but Marchand in Saint-Quentine-En-Yvelines, France was the place where he just finished riding 14 miles in one hour and setting a new world record for his age! 

 He awaits a rival to compete against him and said he would have had a better time had he seen the current lap time. At the end of his 92 laps he received a standing ovation showing the world that you do things for yourself and do not worry about what the others say. Haters are always going to hate and try to stop you. Make up your own mind and do what you want to do as Robert Marchand has done.


Jonathan Greenblatt Kudos

Person of the week thanks to a story I just read on Business Insider is Jonathan Greenblatt. Greenblatt is the Jewish director of the Anti-Defamation League (ADL), which campaigns against anti-Semitism and other bigotry which is nice to see how passionate our country is to ensure that we stand up and fight for equality for all citizens. 

Given the history of the Jewish people and how we are educated to remember these very strong words "Never Again" it's important to protect and acknowledge others in the world regardless of their faith or background. Greenblatt said if a registration of Muslims was created that he would register himself in that database.

Thanks to the publicity regarding this subject the ADL has seen a rise in donations. If you feel strongly about fighting Bigotry and Anti-Semitism and want to bring equal justice for all then visit: The ADL's Website here

"So much to do.
  So much ADL can do.
  So much it MUST do!

 Your gift will allow us to:

  • Monitor hate groups
  • Fight bigotry in the courts
  • Pass laws that bring equal justice for all
  • Educate the next generation to reject bias and bullying"

 

 


You don’t choose your passions; your passions choose you

Jeff Bezos says it best with inspirational quotes and advice on failing and growing your failures. If you're not failing you're not trying hard enough. Come up with difficult tasks and make good and bad headlines to succeed and innovate in the world.

One reason why people don’t like failure is because it’s embarrassing, Bezos added. He described a toddler trying to put a square peg in a round hole for hours, without success. But it doesn’t keep them from trying and trying. That’s how they learn.

“We all have that when we are little, but as we get older, somehow it’s not as cool to fail,”

For the full Geekwire overview and article go here: http://www.geekwire.com/2016/amazon-founder-jeff-bezos-offers-6-leadership-principles-change-mind-lot-embrace-failure-ditch-powerpoints/


Clinton vs Trump Debat Number 2- Wait But Why

In case you have not read the satirist but realistic version of last nights debate between Hilary Clinton and Donald J. Trump then you may want to sit down and have a read: http://waitbutwhy.com/2016/10/second-presidential-debate.html

When you are writing things as a satirist and bringing laughter to a subject like this stuff it can really put a smile on your face as the comments from the posts readers say.

Writers and journalists typically use their powers for evil and to hurt good people. It's very nice to see a positive spin on this.

What are your thoughts on the Wait But Why piece? Send me an email or comment below.

 

-Richart Ruddie


Chan Zuckerberg Initiative

Mark Zuckerberg just announced today on Facebook an amazing announcement about their hiring of Dr. Cori Bargmann. The goal is to cure all diseases in our children's lifetime. Arnold Schwarzenegger (No way I spelled that right without auto correct) chimed in and said it best and we all should take note: "life is all about what we give, not what we make".

Using your power for good and to continiously make the world a better place starting at such a young age is what sets the CZ initiative apart from so many others who have amassed wealth at a young age but did not act either till much later in life or not at all. This is inspiring and one of the many reasons why a recent poll came out that placed Zuck at the top for millennial inspirations.

 

For more information visit: https://www.facebook.com/czbiohub/

Take any system and make it much better: https://www.facebook.com/notes/mark-zuckerberg/can-we-cure-all-diseases-in-our-childrens-lifetime/10154087783966634


Would you trade your life with Bill Gates?

If you could have all the money in the  world but you would be giving up years of your life (applicable for those 40 years and younger)

Its a valid question. How many people around the world would be willing to trade their life with Bill Gates is 60 years old and will have approximately 30 years left on this earth. You would have no financial worries but you would be limited to 30 years.

Call me crazy but I wouldn't trade with him if I had the chance. Love the life that you live and live it to the fullest. Our time on this earth is limited for now...

P.S. Do you believe that the first person who will live to 1,000 years old has been born?