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Seven-Bullet Monday - June 20, 2022

Here is your Seven-Bullet Monday

1. A quote I am pondering:

"You do not rise to the level of your goals. You fall to the level of your systems." - James Clear

I often go back to the quote when I fall short on my goals, which is all too frequently. In short, it says to set up a robust system (i.e., sound, repeatable habits) to achieve your goals; otherwise, they won't happen.

2. A question I am asking myself:

How can I limit my non-deliberate eating?

One of the first lessons for WeightWatchers is never to eat absent-mindedly, i.e., don't eat while watching TV. When I plan my meals and eat what I plan, I feel much better and consume fewer calories. If snacky or sweet food presents itself to me, like at functions or social events, my self-discipline disappears, and I over-indulge, only to regret it later.

3. A book I am reading:

The Coaching Habit: Say Less, Ask More & Change the Way You Lead Forever – Michael Bungay Stanier

Coaching is something of an art and easier said than done. When leaders get asked questions they know the answer to, it takes great discipline to ask questions rather than offer advice. As a coach, if we can help the person find their way to the answer and build the tools in the process, that is much more valuable than dishing up easy advice. That means asking questions that help them find solutions. This book will give you seven avenues of questioning to do precisely that.

4. My favourite podcast this week:

What is Money? – The Recent Collapse in Crypto Debt Structures, with Caitlin Long

As a crypto investor, the last couple of weeks have been interesting, to say the least. In this podcast, Caitlin Long, Founder and CEO of Custodia Bank, helped me better understand what is currently happening in the crypto space. Although Bitcoin, at its core, is a legitimate investment, many financing and trading structures around crypto are weakly regulated and sometimes fraudulent. I will be sure to closely check the custodianship of crypto trading platforms before I hit the buy button.

5. Hugh-Tips

Charlie Munger's quote this week: "Invert, always invert. Many hard problems are best solved when they are addressed backwards."

The inversion principle works for many problems but is particularly useful in investing. Before buying a stock, imagine looking back five years or ten years in the future and saying it was either a great or a poor decision. Then in each case, think about what might be the reasons. For example, this tech company looks nicely priced now. However, looking back ten years from now, I would have seen the competition moving faster, an outdated technology, slowing growth, reducing cash etc.

6. My highlight this last week

Learning what different foods do to my blood glucose levels

I purchased a Freestyle Libre2 sensor and stuck it in the back of my arm this week. It monitors my blood glucose levels continuously and sends the results to an iPhone app via Bluetooth.

While Libre2 is for people with diabetes, I wanted to know what different foods did to my blood glucose level. Different bodies react differently to different foods, so I was keen to see which foods made my blood glucose spike. A blood glucose spike will cause my body to release higher insulin, which simply means that glucose becomes fat rather than being burned off. I did, in the name of science 😉 consume a large KitKat in short order. The chart on the left was a day of travelling where I ate pretty badly, with a Pepsi spike quickly overtaken by a KitKat spike! The second day is a typical day of disciplined eating – quite the difference!

7. My challenge to you for this week

Chat to more strangers

William Butler Yeats once said, "There are no strangers here; Only friends you haven't yet met." That's an excellent way to think about strangers. So, whether you are waiting in a supermarket queue, standing at a traffic light or at a social function, strike up a conversation or two, and you could be presently surprised at how pleasant that stranger might be.

Have a wonderful week

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