5 Tips for Better Decision Making from a Professional Poker Player

Every decision we make is a bet. A bet is essentially an investment in a future outcome that is uncertain. That investment could be money, time, attention or some other resource. When we think of decisions as bets, we are more likely to think probabilistically, adopt an open-mind, consider diverse options and learn from our[…]

Ulysses S. Grant: 12 Leadership Lessons

1. Find a Profession Where Your Passion Meets Your Purpose. The same man who decisively and strategically lead over a million soldiers through a brutal Civil War, was unable to manage his brother’s leather goods store in Galena, IL in civilian life. Context matters. Grant was not just twice as successful or three times as[…]

If Business is War, Jeff Bezos is a lot like Ulysses S. Grant

In 1861, Ulysses S. Grant was managing his brother’s leather goods store in Galena, IL, having retired from the military seven years prior. When the Civil War broke out later that year, he reenlisted and quickly rose through the ranks. The officers Grant replaced on his meteoric rise to Commanding General of the Union Army[…]

The 8 Best CEOs from the Past 50 Years

In the 2012 Berkshire Hathaway Letter to Shareholders, Warren Buffett recommended the book The Outsiders, by William Thorndike, calling it “an outstanding book about CEOs who excelled at capital allocation.” It tells the story of eight unconventional CEOs who managed to outperform the S&P 500 by over twenty times. How did they do it? It[…]

Charlie Munger on Bitcoin and Second-Order Thinking

Charlie Munger turned 94 this year. He grew up in Omaha, Nebraska during the Great Depression. Through hard work, continuous learning, persistence, and generally avoiding stupidity, Munger has become one of the wealthiest individuals on the planet. Warren Buffett looks to Munger for advice. He’s literally seen it all. So I find it fascinating that[…]