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Seven-Bullet Monday - May 9, 2022

Here is your Seven-Bullet Monday

1. A quote I am pondering:

” Failure is success, if we learn from it.” - Malcolm Forbes

It’s a great way to think about and embrace failure. Not for the sake of failing, but because failing delivers valuable lessons. And, if we truly learn the lessons, that is sure to bring success. I heard an excellent acronym for the word Fail, “Faithful Attempt In Learning”.

2. A question I am asking myself:

How do I more accurately understand people’s undisclosed intentions?

Reading Robert Greene’s two books on the laws of human nature and the laws of power has taught me how naïve I have been at times, taking a few relationship conversations and actions at face value. By learning to interpret these more proficiently from now on, I can better handle my emotions, words, and decisions to ensure better outcomes.

3. A book I am reading:

The Gift of Imperfection: 10th Anniversary Edition – Brené Brown

Brené Brown’s original book has sold over two million copies and is now in 35 different languages, which tells you it has to be good. The practical advice I received from this book is how to live wholeheartedly and the difference between healthy striving and unhealthy pursuits in our lives. We are encouraged to choose authenticity and worthiness as we embrace our imperfections instead of trying to cure them all.

4. My favourite podcast this week:

Today Explained – One man’s crusade against Roe v. Wade

The right to abortion must rank in the top three most divisive issues in the US, and the number of legal battles since it became a landmark decision nearly 50 years ago is mind-boggling. No matter what side of the divide you are on, this podcast will illuminate how legislative and appointee battles were strategically fought out over decades and decades, across multiple states and in multiple courts, to secure the new US Supreme Court ruling.

5. Hugh-Tips

Understand the difference between short-term volatility and long-term risk

Uncertainty and volatility are facts of life in investing. Many people mistakenly put price volatility and investment risk in the same bucket. If you consider yourself a value investor, you should instead embrace volatility and take advantage of it. Knowing the worth of the company you are investing in (its intrinsic value) will help you overcome uncertainty when the share price bounces up and down like a yoyo. It will also allow you to buy when your company becomes temporarily out of favour with the market. As someone once said, “In the short-term, the market is a voting machine; in the long-term, it is a weighing machine.” So, be persuaded by the weight of your investment, not its current popularity.

6. My highlight this last week

Taking advantage of some Spring weather to get down to the beach

Vancouver’s weather finally cleared this weekend, for a glimpse of the Spring sunshine we have been impatiently awaiting. We took the opportunity to walk down through the beautiful Lighthouse Park in West Vancouver to its quiet little beach. They say the best things in life are free, and this little walk proved it yet again, enjoying our incredible ocean, the panoramic views and Maeve, the bernedoodle, splashing around happily in the sea. As for me, my first sea swim will wait another month or three 😊.

7. My challenge to you for this week

Take complete breaks from work one day a week

When we are overloaded at work, up against tight deadlines or have a significant project to finish, we are tempted to keep working and working day in and day out because we fear that any lost time will result in missed deadlines. Just like our bodies need decent sleep each day, our emotional well being, drive and mental sharpness need weekly breaks. By taking a complete break from work, ideally for a full day, but at least a solid half-a-day, we give ourselves a boost that will help us deliver more in the six days than we would have by not taking any break.

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