optimism_man

Jan 242016
 

Time is very valuable. How we invest it, matters. Time is scarce and fleeting, our most precious resource. Unfortunately, most of us choose not to manage our time well.

By the very nature of our hectic existence, each of us has very little “prime” time in our daily life. By prime time I mean time where we are at peace but alert, focused, our senses heightened, our thoughts clear and distraction free. In this state, a person is able to create new things, distill true meaning, plan with clarity, and make important progress on strategic projects.

The world around us conspires to grab a person’s prime time hours for use on other people’s urgencies and agendas — I call it the great Urgency Conspiracy. Many people deny that they are firmly in the grip of the Urgency Conspiracy but most people are infected. Although some people won’t make the effort, I recommend that you track how you use your time over the next two weeks and dutifully record what happens, half hour by half hour. If you complete this experiment, I believe you will come to the following conclusions:

  1. Few events are pre-planned unless it is a meeting with other people.
  2. You spend your best prime time hours on other people’s agendas right now.
  3. You spend very little time – if any – thinking strategically.
  4. You use very little time – if any – improving yourself and your capabilities and knowledge.
  5. You invest very little time – if any – making progress on something that remotely could be considered an important longer-term goal or mission.
  6. You tend to over-promise and over-commit to the point of capacity. When something goes wrong – and something often does – you sacrifice any personal time you have to make up for the shortfall in available hours.

We are surrounded by a multitude of outside influences. This is not new, as people were surrounded back in the 60’s 70’s, 80’s, and 90’s too. However, in the last decade, there has been a massive, unhealthy shift in people’s expectations of real-time / right-now urgency and immediate response on all matters, many of which are not urgent at all. The acceleration started with overnight Federal Express and fax, then came voice mail and paging, then e-mail, then instant messaging, and now instant Twitter and Facebook and especially SMS texting have changed everyone’s real-time expectations. The more one participates in the real-time world, the more it accelerates. The urgency conspiracy is spreading like a contagious airborne virus. It truly infects those who are proud of their multi-tasking abilities. The word of the day, every day, is busy.

Sadly, when we occasionally receive a gift of unexpected free prime time, we are usually not ready to do something good with it. Instead, we grab the smartphone and log-on to check e-mails, surf websites, check out Facebook to see what our buddies are doing or eating, or read newsfeeds. When was the last time you saw a news story, or a tweet, or a Facebook entry that actually changed your life and mattered 3 weeks later? When was the last time you read a text message that mattered 3 weeks later? We have become junkies for real-time but mostly useless information.

Our fast-paced lives can be compared to professional sports. When you have the ball, the defense is right on top of you, giving you no time to think, no time to look up, no time to make a good pass. The best pros, the select few with long all-star careers, are the ones that find tricks that can create some time and space to set up the creative play that winds up scoring and winning the game at the critical juncture.

You must reclaim your prime time in your daily life and invest it wisely. Most of us will never have more than a couple of hours each day of prime time. But if you make space to think, if you set appointments on your calendar to not get interrupted while you work on the important project that matters to you, you will find that you will accomplish your strategic goals and create things of lasting value, instead of just staying busy on faux urgent matters.

Building a good habit takes 12 sincere weeks. Start small — reclaim 30 minutes of prime time each day by making an appointment with yourself — 30 minutes is surely not too much to ask. Plan those 30 minutes at a time (mid-morning?) when you are typically fresh, alert, and attentive. Pre-plan what you will work on during that 30 minutes of prime time and focus on this one objective. Put the smartphone on silent for that 30 minutes. Disconnect from all your usual sources and feeds. Leave the office if you have to, or at least close your door. If you follow this habit for one month, you will discover pre-planned prime time is not only possible, but critical. Then step up to two 30 minute appointments, pre-planned each day, for the next month. See how far investing time wisely can take you.

A person that reserves and invests just one hour of prime time each day will complete a novel in less than a year; or create a great new web site; or develop a new app while learning javascript; or build a pretty little gazebo in your backyard; or learn to fly a plane; or record a video blog for your kids when they are grown and you are gone; or begin to speak French. What can you create or accomplish, of lasting long-term value, if you stop living exclusively to the busy busy drumbeat of other people’s urgencies?

I.M. Optimism Man

PS. If you enjoyed this article, please read my related Red Pill Clarity post from early 2011.

Jan 152016
 

Life tests us. Life wants to know what we are made of. One simple rule matters most: never give in. Stay true to yourself, your values, your principles, and your beliefs, no matter what.

All of us makes decisions about ourselves. In essence, we decide our mental DNA, we design our daily habits, we control our attitudes and our outlook.

n-hill-quote

One person stays gung-ho about life, even when he stumbles or encounters unexpected challenges. He decided to go from one challenge to the next without any loss of optimism, enthusiasm, or tenacity. Facing the same situation, another gives in and doesn’t swing the bat with the same gusto after a few strike outs. These two people’s lives will come out remarkably different.

quotes-success-not-final-failure-not-fatal

Giving in becomes a habit. Never, ever, ever give in, and never give up your enthusiasm.

I.M. OptimismMan 

PS> One of my favorites that I’m certain I have posted in the past:

enthusiasm-churchill

Dec 262015
 
robert-waldinger

People, especially young people, are predictable when asked what their important goals are in life, goals that specifically will help them achieve happiness. Invariably, money and fame appear at the top of the list.

Well, it turns out that there are few comprehensive studies about happiness over a lifetime. Studies are relatively easy to pull off when they only last a few years. Studying people for a lifetime, on the other hand, almost never happens.

Here is something extraordinary: a study that has focused on happiness and lasted 75 years. The conclusion is well worth thinking about:

robert-waldinger-on-ted

In previous posts, I have argued that, in my humble opinion, gratefulness is the key to happiness. Robert Waldinger makes the case that the quality of your social relationships is the most important key to achieve happiness. Maybe just maybe, gratefulness and great relationships go hand-in-hand and rank as #1 and #2. No matter, the clear point is that money and fame are not answer.

2016 might be the year to take a hard look at your own life. Are you investing the time and energy it takes to build extraordinary relationships?

I.M. OptimismMan

Dec 202015
 

It is all too easy to be distracted and not give your family members all your attention. They are there all the time, right? As Christmas draws near, I would encourage you to consider this thought:

dont-take-family-for-granted-quote

I.M. Optimisman

PS> Does dinner look like this?  Or does Apple (not the nutritious one) invade the picture?

fam-dinner

Dec 132015
 

Nothing ventured, nothing gained.

Four words that have survived since the mid-1300’s. Why? Truth thrives.

I have often written about the extraordinary opportunities available to all of us. We live at an extraordinary time, a time of fantastic and rapid change, in the best country in world. I believe that the opportunities to achieve whatever one wants to achieve in today’s America are limitless.

Yet, I know a lot of people that look at the same things I do and simply don’t see it the same. They see scarcity where I see abundant opportunity. It has taken me a while to figure out why but I believe I now understand. There are three fierce guard dogs at the gates of opportunity, and it turns out that most people see the snarling beasts, they miss seeing the gates, let alone the rainbow and waterfalls in the garden on the other side.

The guard dogs are risk, sacrifice, and faith. One or more of these prevent many from jumping on thousands of golden opportunities. Today I’ll spend a few minutes discussing the first one — risk.

Young adults have a great advantage over most of the working population. If they grew up in an optimistic home, they believe they can conquer the world, they have little if anything to lose, they don’t yet listen to (or at least adhere to) the often faulty, limited “wisdom” of their elders, and they have had few disheartening experiences. There is good reason most tech start-ups are fueled by young adults.

As we get older, we tend to take less and less risk. This risk aversion invades most of the facets of a person’s life: financial, emotional, professional, psychological, personal, you name it. Yet the core truth of “nothing ventured” rules nearly every facet of life.

By the time people hit their 40’s, most don’t want to take any chances. This is a terrible mistake that shackles one’s life. Without accepting risk, all you can expect is a lousy return following the path of the risk-free herd. When you embrace good risks, you expand your possibilities and your life.

Overcoming the fear of risk is possible and comes from learning and understanding probability better than the average person. Risk is simply half of the equation: once a person learns to evaluate risk clearly, in relation to probable return, she can start making educated decisions regarding the worthiness of any endeavor. These three guard dogs start to look much more lovable.

It is easiest to understand risk vs. return in simple betting. If someone offered you 3:1 odds on the flip of a quarter, it becomes a good bet – in other words a risk worth taking, because the quarter flip will win 50/50 over time. On a dollar bet, you would get paid $3 the 50% of the time that you win, but lose only $1 the 50% of the time you would lose.

The same is true in life. If you invest $1,000 in a growing, successful company that has a current P/E ratio of 10, a historical low for the stock, because of a short-term sell-off, while all its close competitors have P/E’s of 25 – barring any skeletons in the closet, you generally have taken a good bet – odds are much better that your stock will appreciate to $2,500 (probably more (because I’m ignoring earnings growth over time in this example)) rather than falling to $500 in the future. You can further mitigate the risk by investing $1,000 in 10 companies in similar situations – even if you are wrong on 5 of 10 — and 3 of them get halved while 2 tread water and stay at the price paid — if the other five do move up to their historical P/E, your final tally would be $16,000 on a $10,000 in investments, or a 60% return. If you leave that $10,000 in a money market account at Bank of America, you will earn less than $5 per year in this crazy near “interest-free” financial climate.

Yet many people never overcome the fear of risk. My suggestion is start small and gain momentum gradually. A big misconception is that those who take risks are fearless. Not true. People that take prudent risks, after weighing the probable rewards, are courageous and smart.

I really like John Wayne’s definition of courage….the Duke said “Courage is being scared to death – but saddling up anyway.

It is incredibly important that a person learns to embrace prudent calculated risk during his entire life, learning from experiences as he grows older. There are always risks worth taking, and when you are 40, 50, or 60, you have a much broader base of experience, connections, and resources than when you were but 22. The idea is not to put more than you can afford to lose in any one investment or idea.

My discussion took a financial turn because it is easy to illustrate with numbers, but taking prudent risks is just as vital on your emotional, professional, personal, and psychological facets of life. If you come up with a great idea that is worthy at work, take the risk and land a meeting with your own CEO. Pitch it! You might just make Executive VP after all. Go to that job interview. Ask that girl out. Go ahead and volunteer when they ask. Speak up at the community meeting. Try helping out at the local soup kitchen or Meals-on-Wheels or Big Brothers Big Sisters — seriously! Start that little business on the side and stick to the project to the finish line. Always remember that it helps to fail spectacularly from time to time in order to become extraordinary in the end.

The great Wayne Gretzky is right when he says “You miss 100% of the shots you don’t take.

Michael Jordan put it this way: “I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.

What have you ventured this month? What have you ventured in 2015? Take more risks to be all you can be!

I.M. Optimism Man

Dec 102015
 

Hindsight is 20/20. When I was asked recently for my best advice to a struggling college student (see previous post), the discussion of finding and picking a starting job when graduating came up as well.

picking the first job

Lou Holtz has observed that we should never try to maintain a certain level: as Lou summed it up in this speech, You are either growing or you are dying, there is no middle ground. I believe this is just as true for individuals as it is for companies. I think the graduate should — first and foremost — strive to start her career at a company that is growing rapidly. With growth comes opportunity, happiness in an organization, improved teamwork, reduced politics, and a feeling of success and purpose. A company that is growing quickly — perhaps 20 – 25% a year – hires many more people, creates new teams, and has opportunities for healthy promotion and advancement.

Companies that are running near flat in terms of revenue or profit growth offer few chances for real advancement and expansion of responsibility. This is a hard environment to gain momentum, as promotion usually requires someone in management to leave and vacate a spot in the stagnant org chart.

Working hard in school, participating in extracurricular activities, adding practical experience with internships and on campus leadership positions, and being optimistic will all help expand the number of offers you receive at graduation time. If all goes well, you will have a number of choices to pick from. Pick the job offer from the firm with a healthy, growing environment.

I.M. OptimismMan

Dec 072015
 

There are millions and millions of pages written about how to succeed. Yet for all this nuance, fundamentals always matter most. A key aspect to success is making lasting, sincere friendships and influencing people is a positive, optimistic way. Leadership and influence is not just about title — true leadership involves having personal influence that transcends position in an organization.

Dale-Carnegie

One of the best works written on the fundamentals of this topic is Dale Carnegie’s How to Win Friends and Influence People which has clearly survived the test of time. Below is a great reminder that I stumbled upon just today:

dale-carnegie-how-to-win-friends

I.M. OptimismMan

Nov 272015
 
jordan-resize

The following video is worth watching: it is not about optimism per se, but I have found that if you have your black belt in optimism, nearly everything contributes to your self-chosen outlook.

Josh Luber’s talk will expand your thinking and appreciation for limitless possibilities. Human “logic” and cooperation is extraordinary, and the rise of interconnectivity and ‘big data analytics’ networks millions of minds together in surprising ways. If you work in marketing, this presentation is 5-star fascinating.

Yes, if you are wondering, I am a bit of a sneakerhead, although my participation is limited to the search for the perfect pair to wear, and not at full retail, if I can help it.

I.M. OptimismMan

Nov 252015
 

As the end of 2015 approaches, how many good ideas did you write down this year? How many did you develop from one-liners into a solid little outline? How many have grown into a short white paper?

Albert Einstein observed that imagination is more important than knowledge. Napoleon Hill said first comes thought; then organization of that thought, into ideas and plans; then transformation of those plans into reality. The genesis is within your imagination, but imagination must be nurtured and developed into great ideas to make a difference.

foster-ideas

Be honest: How many ideas did you simply write down in 2015? Pull out your journal, or log onto your system now, and look at them. If you don’t write ideas down, in a system that will stand the test of time, they will evaporate.

If your answer is zero or just a scant few, what will you do in 2016? What goal will you set, with reminder alerts to keep idea development top-of-mind? Perhaps one idea a month, or one idea a week? Imagine 5 years from today, with one good idea per week written down and one idea per month taken to the next level of detail and development. Could it change your life? Would it make you at least 10% more brilliant? I think the answer is a resounding yes. Idea development is a cornerstone of personal differentiation.

I.M. OptimismMan

PS. Don’t have a good system?

write-down-your-ideas

A paper journal works and is better than nothing, but it is exposed to loss. I like the Day One journal (if you are a Mac user) with a backup email sent to my own Gmail account, using a tag like #freshideas which makes it easy to search for later. The truth is Google is unlikely to fail, and Gmail is one of its crucial products, so an email to self at Gmail is about as safe and simple as it gets. For the redundancy backup-minded, it is easy to set up two accounts — one at Google and one elsewhere (a good bet IMHO would be Outlook.com (Microsoft)) and then email your ideas to both from your ever-present smartphone.

Nov 202015
 
2015-11-26_1609-andreas

We all have witnessed the stellar rise of Google. One thing that concerns me is that the Millennials, many of whom are so young that they don’t remember a world before the internet, Google, and smartphones, are treating search results as a perfect source of accurate answers.

It is crystal clear that search results are not equal to knowledge, experience, or true understanding. They are limited by popularity, average “thinking”, algorithm programming, a concerted effort to hack results, a lot of false internet noise, and bias in the system and the software architects who designed it.

Here is a short 10 minute presentation that offers an excellent discussion to open people’s minds to the good and the limitations of Google (or any search engine in fact):

Always question everything. Seek to understand. Understanding leads to wisdom and making a greater impact.

I.M. OptimismMan

PS. I think there is plenty of room for altsearch, a search engine that would specialize in quality answers that are always different than page one and two results on Google.

Nov 162015
 

I was recently asked by a parent for my one and only one best nugget of advice I would offer to a college student who is struggling a bit. Limiting any answer to such a broad, open-ended question is brilliant, because it makes you pause and think carefully before answering — I suspect I will write an article on this “limits make answers better” concept in the future — but for now, I’ll turn to the challenge at hand.

My best advice is to evaluate and then choose your best friends carefully. College (and high school for that matter) gives you a lot of opportunity to select which friends you would prefer to get close to. Unfortunately, many students fall into a group without forethought, just as many adults fall into a job.

college-friends

If you fall into a group that is more concerned about the next party than the next homework assignment or upcoming exam, the gravity of the friendship will inexorably influence you to party more and achieve less. If you surround yourself with lazy pessimists that only hope to graduate in 6 or 7 years, don’t be surprised if you join the same track of dropping classes more often than finishing them. If your friends have no vision of their future, ponder why they are there, and still believe that their parents will somehow magically arrange their future, you will too. On the other hand, if you carefully choose and cultivate friendships with individuals with passion, drive, leadership, charisma, and other characteristics that you yourself aspire to, you will find vision, momentum, and encouragement when you need it most.

It is never too late to reassess. Are your close friends helping you succeed or dragging you down? Are they true friends or are they only friends of convenience? Is their heart in the right place? What do they say about you when you are not there? If they are dragging you down, make a bold decision, change your friends for the better, and you will find that you will change your trajectory. Looking back, I was fortunate with the close friends I made at school, starting with a good first “suite” of achievers in the freshman dorm (that was a lucky break, not one of my own choosing). Like everything else, it is not a matter of wishing things were different. Change only happens when you make clear decisions and then do it, finishing what you started.

I.M. OptimismMan

PS. A couple of quotes, because I love quotes.

Consider each of your friends in this context. I would add help you “be all you can be” but this quote goes a long way in capturing the essence:

best-friends-quote

It isn’t all that hard to test your friendship:

nice-things-to-say

You can’t really know until times get tough. Everyone is your “friend” when things are going well:

hard-times

Nov 012015
 
2015-11-01_0837-jennifer-doudna

We have often faced what seems like impossible problems. Unfortunately, 99.99% of people throw their hands up into the air and believe that impossible is impossible. But are they really impossible?

Mike Huckabee, in the recent Republican debate, sounded ‘pie in the sky’ to the 99.99% when he talked about curing the 4 diseases that are the primary expense of U.S. Healthcare, and the extraordinary effect it would have on our nation’s, our world’s financial and personal family outlook. I commend Mike because it takes leadership to help people change their question from “If we can cure Alzheimer’s to how can we cure Alzheimer’s…” — or insert another disease that has impacted your loved ones. More of our leaders must genuinely embrace optimistic leadership. JFK mobilized the nation to win the race to the moon. We need the same leadership and mobilization against disease.

Please watch Jennifer Doudna in this TED speech and then think about Huck’s call-to-action again. Perhaps he is just an optimist?
.

I.M. Optimisman

PS. Unfortunately, many diseases are not “just” genetic in nature (as though just genetic is easy, which right now, it is not) — Alzheimer’s included (see this Mayo Clinic synopsis). But, promising science, if used wisely, can make a positive impact. If we don’t set audacious goals, if we don’t believe it can happen, we will not figure it out nearly as quickly. Let’s elect leaders with vision, not politicians with egos.

Oct 272015
 

I have often talked about the importance of planning your day — it is far too easy to give in to other people’s urgencies. Here are two articles that outline my thoughts on the topic:
First Cup of Coffee
Urgency Conspiracy

Today, I simply want to point out that checking your email first thing in the morning is pretty much the worst thing that you can do to torpedo your day. Imagine if you changed your habits to avoid your email until 10 am, or better yet, 11 am. What would happen? Imagine if you actually worked on your single most important “strategic big rock task” every morning — the item that you wanted to do, on your own agenda, first — and only then turned your attention to all the issues that other people will upon you, via email. I’m betting that the stuff that comes in on email would still get done, and you would ultimately be far better off.

Did any of the greats — Herb Kelleher for example — work on the agenda other people emailed to them, or did they decide what was most important to them, and work on that?

herb kelleher southwest airlines

Are you willing to take control of your own destiny? It is not as hard as you think. It only requires better habits and a little bit of will power.

I.M. Optimism Man

 

Oct 172015
 

A lot of people talk about achieving ‘balance’ in life. The part that no one seems to mention is that every single decision in life comes with a price, and that balance is an achievement of wise decisions made.

I’m a fervent believer that you must strive for balance: it is far too easy to succumb to the gravity of daily work, so much so that you miss the rest of your life, including your family, your health, and brilliant moments of peace and happiness.

balance-matters

The most difficult decisions wind up costing a lot in time and effect your financial flexibility, ultimately changing your outlook and life’s balance.

Consider this:

1. Every decision has a direct price to be paid
2. There is a domino effect, a likely consequence, that changes what decisions are available to you, next, after the immediate decision is made
3. There are both direct and indirect benefits
4. There is a cost to some other aspect of your life’s balance

Those that foresee these four aspects clearly and are right about what the short-term and long-term domino effect will be — at least 80% of the time — will have a better balanced life.

How can you improve your decision making results? Write the facets of each decision down, with what you anticipate regarding the four points above, before you decide, in your permanent journal. Then, revisit and review on a set schedule (at least once a year) — there is a lot to learn when you see how your own thinking actually plays out. Most people forget the logic that they followed in the past and are therefore doomed to repeat mistakes of judgement in the future. Don’t forget to write down what you learn, as that too changes over time.

Learn to make decisions better. I believe that it can be done.

I.M. Optimism Man

Oct 042015
 

Basic knowledge doesn’t get you far. If it did, everyone with a smartphone and access to Google would become CEO of Skynet or some other growing multi-national corporation.

Ideas are far different than knowledge. Fresh ideas — your ideas — your ideas blended with other ideas — are one of your most important assets. A great idea person is welcome in any group, whether work associates, sports teammate, or personal friends.

The problem is that ideas are often like fine wine — it takes time for them to grow in character.

wine

I have posted often about keeping journals — writing it down is helpful. But, as I personally have discovered, ideas that are inter-dispersed in chronological journals get lost — the signal disappears in the surrounding noise.

Do you keep an ever-growing, well-indexed vault of your ideas? Do you read over your ideas on a regular basis, so that they serve as a catalyst for new ones? How do you distill ideas so that they don’t get lost in the clutter? How do you improve them over time?

Imagine if you started when you were young — lets say as a middle-school student or a freshman in high-school — and wrote down every idea! you ever had in a permanent vault. What if you then re-read and added to your ideas at least once every three months?

This would constitute managing your ideas as an important asset. Do you manage your ideas as an asset?

If you have no idea how to start, I would suggest Day One if you are an iPhone / iPad / Mac person. Evernote is another possibility although I find it cumbersome to review and improve. IdeaMatrix is a good tool that I helped invent, if you are happy with text only idea management (which offers brilliant speed and ease, but gives away pictures). As I type, I realize that I have not done my homework because I don’t know how to effectively export and backup from Day One or Evernote — and it is pretty clear that most tech companies expire after a few years. Trusting one of these with your idea vault also means that you must backup / offline / in a export-import friendly format. I will update this post after I work through the backup capability investigation. [here is an update on Day One — export to an adobe ‘pdf’ file seems to be the best backup — of course, that means you should do so on a regular basis, but in general, I’m comfortable with the capability.]

A few quotes to consider:

“There is one thing stronger than all the armies in the world, and that is an idea whose time has come.”
– Victor Hugo

“Ideas are great, but mostly worthless, without action and optimism.”
— Bob Sakalas

“Ideas won’t keep. Something must be done about them.”
– Alfred North Whitehead

Are you an idea person? Manage and refine your most valuable of assets. If you are not an idea person today, start a vault today — it isn’t magic.

I.M. Optimisman

PS. An article worth reading… how IBM encourages invention.

Sep 262015
 

A thought to consider:

invest-your-time-quote

We all have far less time than we think we have. Invest time wisely. Write it down. Analyze your habits. We are all a product of our habits. You can change your habits for the better, if you understand what they are and why it is worth the pain of change.

I.M. OptimismMan

Sep 072015
 

Do you make assumptions about your kid’s potential? Assumptions about what she can or can’t do can either empower or limit your kid.

Consider this 11 year old:

joey alexander

I.M. OptimismMan

 

Aug 262015
 

The headlines this week are all about China woes, and how that domino has started a sell off throughout world markets. While pessimist blood runs in the streets, an optimist is gleeful about being give an entry point opportunity.

I’ve always been a “Growth-At-a-Reasonable-Price” investor, commonly referred to as GARP. Adding to my GARP formula, I like to invest in companies that have a “unique moat” that makes threat of obsolescence from competition or immediate technology innovation hard to imagine (I guess I’m a GARPUM investor). Lastly, I believe you must know your investment thesis… GARPUMIT — For the first time in a while, a few momentum companies that have been on fire (and therefore outside my GARP radar) have been discounted.

yesterday-you-said-tomorrow-nike

People often become paralyzed trying to pick the absolute bottom of a market which is both logical and illogical. It is logical to have this desire, but logic also says that your odds of buying a stock at its low is close to impossible and determined by luck, not skill. Like it or not, irrational price swings exist and will continue to exist, efficient market theory be damned: there is plenty of evidence.

Let’s check where these issues will be on January 2017. If I’m right, they will be up 30 – 50% in only 18 months and should double in four years (by September 2019). I like putting it in writing so that all of us can learn from opportunities. GARP Stocks to consider, IMHO:

Apple @ $105
Starbucks @ $52 — in truth, this is not as much of a sale but still a worth buy
Nike @ $105

Optimists have the innate ability to be brave because they have hope. Optimists buy when investments are cheap. Did you buy?

I.M. Optimisman

Aug 212015
 

Some people are cheap, some are value-oriented, and some are not careful with their spending habits. I fall squarely into the value-oriented Costco legion. I love getting a great deal but I rarely buy the absolute least-expensive version of a product, believing in the idea that you tend to get what you pay for.

costco

My quest for best-value-for-the-buck is not obsessive because it is invariably tempered by my #1 productivity habit/goal: minimizing the time required and invested in any pursuit. I remain first-and-foremost, a time-focused “how to best invest (and not spend) my time” individual, but I also want to know that I got a great deal.

Which type are you? If you are value-oriented, read on.

I’ve recently noticed a subtle but important mental trap that must be avoided, if you are to maximize value out of any purchase: don’t look back once a decision is made, unless the return policy is still in effect and in serious consideration.

cruise

For example, the water-is-truly-under-the-bridge after you get on a cruise ship for your family vacation. Your goal must transition, leaving the payment transaction in the rear-view mirror and looking forward to maximizing your enjoyment and really experiencing the trip. This will not happen if you continue to question the decision, complain about the price already paid, or cut corners on every discretionary expense that accompanies the primary purchase. If you stay focused on price paid, you will enjoy the trip, or the car, or the smartphone, tablet, or laptop a lot less than you would have, because you will still be polluting your inner zen with a ricocheting thoughts about “should I have made this choice — and — was this a good buy at the price that I paid…” Optimistic value-seekers understand that there are two sides of a purchase and therefore, plunge in with both feet, enjoying the purchase, maximizing their experience, and having fun, without complaints.

My advice is that the minute you are on the far side of any purchase, never look back. Seize the day (or purchase) for all you can get out of it.

I.M. Optimism Man