Be fearful when others are greedy

I read a post today on Ideapod.

The post was about What Top 8 investors say about Bitcoin.

Since when Bitcoin came, it has never resonated with me.

(I am not saying it is bad or anything, I am saying it has never resonated with me.)

But this post is not about whether the Bitcoin is good or bad.

No.

This is an investment quote which got my attention.

The quote goes like this: “Be fearful when others are greedy.”

This quote came as a “wise” investment advise but it resonated with me from the overall life perspective.

And here is my take on it.

  1. Look at your close circle of 5 people.
  2. Note down about 5 actions of theirs that you remember without any efforts.
  3. You will have a list of 25 actions.
  4. Now classify those actions as “Greedy” vs. “Normal” actions.
  5. If you have got 3 or less greedy actions then Bravo! You don’t need to read further.
  6. But if you have got more than 3 greedy actions then drill further.
  7. Are those actions coming from a single person? Or different persons?

If those actions are coming from different persons it’s okay. Be alert but it’s not much of a problem.

But of those actions are coming from 1-2 persons then be conscious.

Your close circle has got a “bug” that needs to be fixed.

It is time to feel fear.

Fear.

Yes, feel the fear!

But take the necessary actions.

As Susan Jeffers famously says, “Feel the fear and do it anyway!”

A simple quote in investment advice can teach this.

Notes:

  1. Link to the Ideapod article: https://goo.gl/xjue8E
  2. Susan Jeffers’ book: https://goo.gl/V3rkAM
  3. It is okay to feel the fear – but still do the right thing!
  4. I have zero investment in Bitcoins. Okay, people may call me “unwise” but I am proud of that unwiseness!

Networking

It’s been a few months since I’ve got a new interest: Networking.

I think that understanding Networking at depth will help me be better at what I do.

I had never consciously touched upon the subject of networking but better late than never.

In business, people invest in networking activities willingly or unwillingly.

The problem is, many executives, professionals, and entrepreneurs consider Networking as an inauthentic and exploitative activity.

There is some truth to it too. People often invest in networking to gain some benefits out of the activity.

I am not done with my research yet and I have a little understanding of the subject but I think networking is a wonderful gift to a professional when done right.

Good networking provides more opportunities, deeper knowledge, and improved capacity to innovate and make things better.

I have started to believe when done right, Networking has the potential to improve one’s personal life as well.

While looking at Networking from business and opportunity perspective, I came across this interesting article from Harvard Business Review: Learn to Love Networking. The article is written by Tiziana Casciaro, Francesca Gino and Maryam Kouchaki.

Some of you might know that for the last few months, thanks to my friend Tanmay Vora, I’ve been learning to take notes in the form of Sketch Notes. I did the same while reading this article on Networking. Here is the sketch note:

Learn to Love Networking Harvard Business Review

I think the four take-home points from the article: focus on learning, identify common interests, think broadly what you can give and find a higher purpose have a great potential to make you a better professional and better creator.

What do you think?