Let’s Start with Safal Niveshak
Just in case you missed any of this on Safal Niveshak over the last few weeks…
- Latticework of Mental Models – Mental Accounting.
- My most powerful tool for thinking and decision making.
- Read Safal Niveshak’s latest e-book – Cheat Sheet for Investing Your Money.
Few days back, I was thumbing through Pour Your Heart into It. It’s written by Howard Schultz who created the super brand Starbucks. The book chronicles the story of his struggles to take Starbucks from a small time coffee bean retailer to an international chain of coffee bar.
Here is an excerpt from a chapter called ‘Luck is the residue of design’ which is worth sharing.
Whenever a company, or a person, emerges from the crowd and shines, others are quick to attribute that prominence to good fortune. While bad luck, it’s true, may come out of the blue, good luck, it seems, comes to those who plan for it.
Schultz wanted Starbucks to start offering traditional espresso beverages in addition to the whole bean coffee, leaf teas and spices they had long offered. However, when his bosses failed to understand his vision, he told himself…
This is my moment. If I don’t seize the opportunity, if I don’t step out of my comfort zone and risk it all, if I let too much time tick on, my moment will pass. I knew that if I didn’t take advantage of this opportunity, I would replay it in my mind for my whole life, wondering: What if? Why didn’t I? This was my shot. Even if it didn’t work out, I still had to try it.
He concludes the chapter with this …
Part of what constitutes success is timing and chance. But most of us have to create our own opportunities and be prepared to jump when we see a big one others can’t see.
It’s one thing to dream, but when the moment is right, you’ve got to be willing to leave what’s familiar and go out to find your own sound. That’s what I did in 1985. If I hadn’t, Starbucks wouldn’t be what it is today.
Stimulate Your Mind
Here’s some amazing content we have read in recent times…
- Shane Parrish of Farnam Street recommends books that everyone should read on Psychology and Behavioral Economics.
- Inside Einstein’s mind – A documentary.
- All great companies started as small companies – Ian Cassel’s presentation.
- Prof. Sanjay Bakshi’s presentation on behavioural biases at the IFA Galaxy Knowledge Summit.
Make fewer decision, make better decisions.
Be kind to others, and to yourself.
Stay happy, stay blessed.
Vishal & Anshul
Chief Pokers – Poke the Box