Let’s Start with Safal Niveshak
Just in case you missed any of this on Safal Niveshak in the last week…
- How to create your circle of competence. A video from Mastermind Value Investing Course.
- Latticework Series: Another mental model from psychology – Reason Respecting Tendency.
A lot of professors give talks called ‘the Last Lecture’ reflecting on what matters most to them and what they’d like to pass on. in September 2007 computer science professor Randy Pausch delivered a last lecture called ‘Really Achieving Your Childhood Dreams’. Ironically, it really was his last lecture, as this youthful, energetic and cheerful man had just been diagnosed with pancreatic cancer and had only months to live.
I liked the idea of ‘head fake’ introduced by Randy in his book. He writes –
“There are two kinds of head fake. The first is literal. On a football field, a player will move his head one way so you’ll think he’s going in that direction. Then he goes the opposite way. It’s like a magician using misdirection. Coach Graham used to tell us to watch a player’s waist. “Where his belly button goes, his body goes, “ he’d say.
The second kind of head fake is the really important one – the one that teaches people things they don’t realize they’re learning until well into the process. If you’re a head fake specialist, your hidden objective is to get them to learn something you want them to learn.”
This reminds me of the famous scene from the movie Karate Kid where Mr. Miyagi makes his student do mundane looking work like painting the fence and waxing the car. But it’s a head fake and what he’s really doing is making him practice karate maneuvers.
Many of our life’s ordinary experiences later turn out to be head fakes, which were life’s way of making us practice for something bigger.
My second most important take away from the book was about being grateful. Randy says –
“Showing gratitude is one of the simplest yet most powerful things humans can do for each other. And despite my love of efficiency, I think that thank-you notes are best done the old fashioned way, with pen and paper…Despite all that is now going on in my life and with my medical care, I still try to handwrite notes when it’s important to do so. It’s just the nice thing to do. And you never know what magic might happen after it arrives in someone’s mailbox.”
Towards the end of his lecture, Randy reveals that his lecture was kind of head fake. It wasn’t meant just for his audience, it was a message to his own kids. He wanted to leave something for his children before he died. He said –
“I was trying to put myself in a bottle that would one day wash up on the beach for my children. If I were a painter, I would have painted for them. But I am a lecturer, so I lectured.”
All of us must be aware that our time is finite and time is all we have. And you may find one day that you have less than you think. Don’t wait for that day. Start chasing your dream today. So that if you ever find yourself in Randy’s position, you don’t have to leave this world with any regret.
Stimulate Your Mind
Here’s some amazing content we read in recent times…
- Exploiting unrecognized simplicity. Meditate over this using the lens of Occam’s Razor mental model.
- How do you read 10,000 pages a year? Start with just 25 a day.
- Investing pitfalls to avoid.
- One of the founders of Titan on what went wrong at HMT and how they got started. Makes a good read.
Don’t forget that your time is finite.
Practice hard, practice deliberately.
Stay happy, stay blessed and keep poking!