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Mentality is all. Something didn’t happen as expected, and you can accept it and learn or keep complaining. Most people do the second. Either you win or you learn. That’s mentality. And even if bitter, I’m trying to be optimistic. Fake it until you make it. Why, let Daniel Kahneman explain it for me. “Optimists are normally cheerful and happy, and therefore popular. Optimists are resilient in adapting to failures and hardships. Their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer. A study of people who exaggerate their expected life span beyond actuarial predictions showed that they work longer hours, are more optimistic about their future income, are more likely to remarry after divorce (the classic “triumph of hope over experience”), and are more prone to bet on individual stocks. Of course, the blessings of optimism are offered only to individuals who are only mildly biased and who are able to “accentuate the positive” without losing track of reality." This is per se a great business lesson. Totally applicable to Real Estate investing. Your enthusiasm is contagious. You’ll bring more clients, more investors, more good subbies, etc. Now. Do you want to feel optimistic? Do you to change your mentality for the better? Then, you need to subscribe to the newsletter below. It just takes one click. ​Subscribe to the 1-minute question: mindset optimization, entrepreneurship, motivation, business, being more productive, self-improvement, better focus and social psychology​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit theantagonist.co PD 3: If you want unsubscribe, click the link below. |
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Imagine you are building a hospital. Actually, make it two. Both under PFI contracts, aka, another acronym in the PPP world. One morning, your contractor goes into liquidation. That morning arrived on 15 January 2018. The contractor was Carillion. The hospitals were Royal Liverpool and Midland Metropolitan. Construction stopped. Unfortunately, patients could not be admitted to a PowerPoint explaining the risk allocation. Fortunately, only their taxes were claimed. The projects had to be...
You know those “premium” sofas in New Zealand? The ones that are so premium that are also suddenly 50% off? Wonderful news. Until you wonder what the original price was doing. Was I about to pay for a sofa? Or fund the retailer’s retirement? Or their kids going to Harvard? Now imagine that feeling in a procurement room. Well… I found a case that it’s the perfect example. 1976 General Electric was bidding to build part of PAVE PAWS, a US missile warning radar system. Its original price for the...
A train fails its final test. Normally, you fix the train. In Ottawa, they found another option. They changed the test. Just as Margaret Thatcher when she didn’t like her unemployment numbers… The context. In 2019, the city’s new light rail system was approaching opening day. The final trial was supposed to show it could run reliably before passengers got on board. The first three days exposed serious problems. Testing was paused. This is the point where a sensible person says: “Perhaps we...