Money & Mindset, Some Wise Perspectives & Book Summary of 'The Making of a Manager'
Money & Mindset, Some Wise Perspectives & Book Summary of 'The Making of a Manager'
The High Five - Edition #30
Hello all,
Happy Sunday! Welcome to all the new subscribers and thank you all for signing up. As you might know - things have been very rough in India over the last month with COVID 2nd wave. I have been spending more of my reading time with books instead of articles and consequently, I haven’t been able to curate as many interesting articles as I earlier used to. But nevertheless, it is always a good feeling when I gather a few good picks in a week or two so that I can share them with you all here.
So for this weekend, here are my picks.
Money & Mindset - On speculation and investing
A bunch of perspectives by James Clear
Book Summary - The Making of a Manager
A quote on media and humans
A question about daily anxiety coping method
Money & Mindset: Speculation - A Game You Can’t Win
If you haven’t yet explored the work of Lawrence Yeo, you should. He explains concepts and shares some wise perspectives about life, career, money etc. using one of the most appealing vehicles of storytelling - comic sketches. This particular article is about how we respond to the same situation (of our decision-making) as two scenarios pan out. I think nothing explains it any better than Lawrence’s own illustration.
Got a sense of it? Curious? Read the article - he explains the speculation game and how it psyches us into greed and fear. He sums up well -
In the end, a healthy relationship with money stems from how grateful you are for what you have. The constant pursuit for “the next big thing” is a clear indicator that what you have isn’t enough, and it’s worth considering if any amount ever will be.
Perspectives I copied in my notebook this week: Wise thoughts by James Clear
Ever since I read Atomic Habits, I have been receiving the Thursday newsletter by James Clear. Very often, it is peppered with thought-provoking wisdom and last Thursday’s edition was no different - except that it had a lot of stuff that got me thinking. My favourite part is:
“Convincing someone to change their mind is really the process of convincing someone to change their tribe. If they abandon their beliefs, they run the risk of losing social ties. You can’t expect someone to change their mind if you take away their community too. You have to give them somewhere to go. Nobody wants their worldview torn apart if loneliness is the outcome.”
This explains why some of us find it challenging to make some people see our viewpoint, despite our arguments being rooted in rationality.
Book Summary: ‘The Making of a Manager’
Last month, I finished reading this book by Julie Zhuo, who is the Vice President of Product Design at Facebook. The book covers lessons that she learnt, picked, and practised in the years she switched gears and became a manager. I have read many books on management. But I found this one to be very different, with a very straightforward approach and devoid of fluff. The book has a series of recommendations and works as a good manual for anyone working in managerial roles. The writing and explanation are extremely digestible. I have written my key takeaways from the book in this article. Read on if you’d like to reset your managerial style.
A quote that resonated with me: Media scripts humans just like code scripts machines. - Balaji Srinivasan.
A question for you: Whenever you have a few moments of anxiety or stress, what is your coping mechanism?
A Netflix series I am watching off-late is ‘The Bold Type’ and most of the episodes have some interesting songs that play in the background. Hard to pick the best at the moment since there are dozens of songs in the whole series, but I am currently exploring the playlist here.
Take care. Until next time.
