Diligence And Decisiveness Quotes

There's a reason we refer to "leaps of faith" - because the decision to consent to any notion of divinity is a mighty jump from the rational over to the unknowable, and I don't care how diligently scholars of every religion will try to sit you down with their stacks of books and prove to you through scripture that their faith is indeed rational; it isn't. If faith were rational, it wouldn't be - by definition - faith. Faith is belief in what you cannot see or prove or touch. Faith is walking face-first and full-speed into the dark. If we truly knew all the answers in advance as to the meaning of life and the nature of God and the destiny of our souls, our belief would not be a leap of faith and it would not be a courageous act of humanity; it would just be... a prudent insurance policy.

Devotion is diligence without assurance. Faith is a way of saying, 'Yes, I pre-accept the terms of the universe and I am voicing in advance what I am presently incapable of understanding.' There is a reason that we refer to leaps-of-faith, because the decision to consent to any notion of divinity is a mighty jump from the rational over to the unknowable, and I don't care how diligently scholars of every religion will try to sit you down with their stacks of books and prove that their faith is rational; it isn't. If they were rational, it wouldn't be - by definition - faith. Faith is belief in what you cannot see or prove or touch. Faith is walking face first and full speed into the dark.

Every good-to-great company had Level 5 leadership during the pivotal transition years. • “Level 5” refers to a five-level hierarchy of executive capabilities, with Level 5 at the top. Level 5 leaders embody a paradoxical mix of personal humility and professional will. They are ambitious, to be sure, but ambitious first and foremost for the company, not themselves. • Level 5 leaders set up their successors for even greater success in the next generation, whereas egocentric Level 4 leaders often set up their successors for failure. • Level 5 leaders display a compelling modesty, are self-effacing and understated. In contrast, two thirds of the comparison companies had leaders with gargantuan personal egos that contributed to the demise or continued mediocrity of the company. • Level 5 leaders are fanatically driven, infected with an incurable need to produce sustained results. They are resolved to do whatever it takes to make the company great, no matter how big or hard the decisions. • Level 5 leaders display a workmanlike diligence—more plow horse than show horse. • Level 5 leaders look out the window to attribute success to factors other than themselves. When things go poorly, however, they look in the mirror and blame themselves, taking full responsibility. The comparison CEOs often did just the opposite—they looked in the mirror to take credit for success, but out the window to assign blame for disappointing results.

Prayer is the most tangible expression of trust in God. If we would trust God for our persecuted brothers and sisters in other countries, we must be diligent in prayer for their rulers. If we would trust God when decisions of government in our own country go against our best interests, we must pray for His working in the hearts of those officials and legislators who make those decisions. The truth that the king's heart is in the hand of the Lord is meant to be a stimulus to prayer, not a stimulus to a fatalistic attitude.

Companies should exercise financial due diligence before entering into deals to minimize financial risks and ensure informed decision-making. This process helps identify potential issues, verify financial claims, and assess the overall financial health of the target company, safeguarding the investing company's resources and reputation.

We need to study the Word of God diligently. But we don't need to know more. We need to do more with what we know. At the end of the day, God will not say, "Well thought, Intellectual," or "Well said, Orator." There is only one commendation: "Well done, good and faithful servant!

Auctions are also to be avoided, both because you will be competing against a larger number of potential buyers and because you will be making decisions in an accelerated time frame, which makes it difficult to do your due diligence. When it’s a good time to buy there will be an abundance of discounted properties to be found, so you won’t need to rely on auctions.

The older a woman got, the more diligent she had to become about not burdening men with the gory details of her past, lest she scare them off. That was the name of the game: Don’t Scare the Men. Those who encouraged you to indulge in your impulse to share, largely did so to expedite a decision. They knew they were on trial too, but our courtrooms had more lenient judges.

at Dunkin’ Donuts, how did we move our anchor to Starbucks? This is where it gets really interesting. When Howard Shultz created Starbucks, he was as intuitive a businessman as Salvador Assael. He worked diligently to separate Starbucks from other coffee shops, not through price but through ambience. Accordingly, he designed Starbucks from the very beginning to feel like a continental coffeehouse. The early shops were fragrant with the smell of roasted beans (and better-quality roasted beans than those at Dunkin’ Donuts). They sold fancy French coffee presses. The showcases presented alluring snacks—almond croissants, biscotti, raspberry custard pastries, and others. Whereas Dunkin’ Donuts had small, medium, and large coffees, Starbucks offered Short, Tall, Grande, and Venti, as well as drinks with high-pedigree names like Caffè Americano, Caffè Misto, Macchiato, and Frappuccino. Starbucks did everything in its power, in other words, to make the experience feel different—so different that we would not use the prices at Dunkin’ Donuts as an anchor, but instead would be open to the new anchor that Starbucks was preparing for us. And that, to a great extent, is how Starbucks succeeded. GEORGE, DRAZEN, AND I were so excited with the experiments on coherent arbitrariness that we decided to push the idea one step farther. This time, we had a different twist to explore. Do you remember the famous episode in The Adventures of Tom Sawyer, the one in which Tom turned the whitewashing of Aunt Polly’s fence into an exercise in manipulating his friends? As I’m sure you recall, Tom applied the paint with gusto, pretending to enjoy the job. “Do you call this work?” Tom told his friends. “Does a boy get a chance to whitewash a fence every day?” Armed with this new “information,” his friends discovered the joys of whitewashing a fence. Before long, Tom’s friends were not only paying him for the privilege, but deriving real pleasure from the task—a win-win outcome if there ever was one. From our perspective, Tom transformed a negative experience to a positive one—he transformed a situation in which compensation was required to one in which people (Tom’s friends) would pay to get in on the fun. Could we do the same? We

Resentment creeps in when the individual makes a decision to go along with an idea when they themselves are resistant to the idea. They don’t speak up, nor do anything to mitigate the resistance. Therefore when a decision falls sideways, they resent either the person or the circumstance around them when in fact the root cause of their resentment is them not conducting their due diligence.

As a moral matter, individuals must be free to make their own decisions and to succeed or fail according to their own choices. As a practical matter, as Frum points out, when we shield people from the consequences of their actions, we get a society characterized not by thrift, sobriety, diligence, self-reliance, and prudence but by profligacy, intemperance, indolence, dependency, and indifference to consequences.

THREE LEVELS OF LAW America's Declaration of Independence names three kinds of law: the laws of man, of nature and nature’s God. The Book of Change is based on the laws of natural change. They emanate from and depend on divine law and serve as the rightful foundation of civil law. Clearly, laws legislated in ignorance of or in opposition to natural and divine law are not likely to work out well. Policy makers at all levels would do well to give this point careful thought. In Common Sense, Thomas Paine wrote about the relationship of divine, natural and human law in a way that inspired readers at the time of the American Revolution to fight for freedom from tyranny. Approaching natural law from the deeper understanding of the ancients could inspire a reinvention of democracy now. Sages say that freedom from tyranny begins with dispelling ignorance and overcoming toxic, negative emotions. Inalienable freedom starts with the self-awareness and self-mastery which can be gained by diligent use of the I Ching. pp. 3-4.

One of my greatest concerns for the young women of the Church is that they will sell themselves short in dating and marriage by forgetting who they really are--daughters of a loving Heavenly Father. . . . Unfortunately, a young woman who lowers her standards far enough can always find temporary acceptance from immature and unworthy young men. . . . At their best, daughters of God are loving, caring, understanding, and sympathetic. This does not mean they are also gullible, unrealistic, or easily manipulated. If a young man does not measure up to the standards a young woman has set, he may promise her that he will change if she will marry him first. Wise daughters of God will insist that young men who seek their hand in marriage change before the wedding, not after. (I am referring here to the kind of change that will be part of the lifelong growth of every disciple.) He may argue that she doesn't really believe in repentance and forgiveness. But one of the hallmarks of repentance is forsaking sin. Especially when the sin involves addictive behaviors or a pattern of transgression, wise daughters of God insist on seeing a sustained effort to forsake sin over a long period of time as true evidence of repentance. They do not marry someone because they believe they can change him. Young women, please do not settle for someone unworthy of your gospel standards. On the other hand, young women should not refuse to settle down. There is no right age for young men or young women to marry, but there is a right attitude for them to have about marriage: "Thy will be done" . . . . The time to marry is when we are prepared to meet a suitable mate, not after we have done all the enjoyable things in life we hoped to do while we were single. . . . When I hear some young men and young women set plans in stone which do not include marriage until after age twenty-five or thirty or until a graduate degree has been obtained, I recall Jacob's warning, "Seek not to counsel the Lord, but to take counsel from his hand" (Jacob 4:10). . . . How we conduct ourselves in dating relationships is a good indication of how we will conduct ourselves in a marriage relationship. . . . Individuals considering marriage would be wise to conduct their own prayerful due diligence--long before they set their hearts on marriage. There is nothing wrong with making a T-square diagram and on either side of the vertical line listing the relative strengths and weaknesses of a potential mate. I sometimes wonder whether doing more homework when it comes to this critical decision would spare some Church members needless heartache. I fear too many fall in love with each other or even with the idea of marriage before doing the background research necessary to make a good decision. It is sad when a person who wants to be married never has the opportunity to marry. But it is much, much sadder to be married to the wrong person. If you do not believe me, talk with someone who has made that mistake. Think carefully about the person you are considering marrying, because marriage should last for time and for all eternity.

Competition is the spice of sports; but if you make spice the whole meal you'll be sick. The simplest single-celled organism oscillates to a number of different frequencies, at the atomic, molecular, sub-cellular, and cellular levels. Microscopic movies of these organisms are striking for the ceaseless, rhythmic pulsation that is revealed. In an organism as complex as a human being, the frequencies of oscillation and the interactions between those frequencies are multitudinous. -George Leonard Learning any new skill involves relatively brief spurts of progress, each of which is followed by a slight decline to a plateau somewhat higher in most cases than that which preceded it…the upward spurts vary; the plateaus have their own dips and rises along the way…To take the master’s journey, you have to practice diligently, striving to hone your skills, to attain new levels of competence. But while doing so–and this is the inexorable–fact of the journey–you also have to be willing to spend most of your time on a plateau, to keep practicing even when you seem to be getting nowhere. (Mastery, p. 14-15). Backsliding is a universal experience. Every one of us resists significant change, no matter whether it’s for the worse or for the better. Our body, brain and behavior have a built-in tendency to stay the same within rather narrow limits, and to snap back when changed…Be aware of the way homeostasis works…Expect resistance and backlash. Realize that when the alarm bells start ringing, it doesn’t necessarily mean you’re sick or crazy or lazy or that you’ve made a bad decision in embarking on the journey of mastery. In fact, you might take these signals as an indication that your life is definitely changing–just what you’ve wanted….Be willing to negotiate with your resistance to change. Our preoccupation with goals, results, and the quick fix has separated us from our own experiences…there are all of those chores that most of us can’t avoid: cleaning, straightening, raking leaves, shopping for groceries, driving the children to various activities, preparing food, washing dishes, washing the car, commuting, performing the routine, repetitive aspects of our jobs….Take driving, for instance. Say you need to drive ten miles to visit a friend. You might consider the trip itself as in-between-time, something to get over with. Or you could take it as an opportunity for the practice of mastery. In that case, you would approach your car in a state of full awareness…Take a moment to walk around the car and check its external condition, especially that of the tires…Open the door and get in the driver’s seat, performing the next series of actions as a ritual: fastening the seatbelt, adjusting the seat and the rearview mirror…As you begin moving, make a silent affirmation that you’ll take responsibility for the space all around your vehicle at all times…We tend to downgrade driving as a skill simply because it’s so common. Actually maneuvering a car through varying conditions of weather, traffic, and road surface calls for an extremely high level of perception, concentration, coordination, and judgement…Driving can be high art…Ultimately, nothing in this life is “commonplace,” nothing is “in between.” The threads that join your every act, your every thought, are infinite. All paths of mastery eventually merge. [Each person has a] vantage point that offers a truth of its own. We are the architects of creation and all things are connected through us. The Universe is continually at its work of restructuring itself at a higher, more complex, more elegant level . . . The intention of the universe is evolution. We exist as a locus of waves that spreads its influence to the ends of space and time. The whole of a thing is contained in each of its parts. We are completely, firmly, absolutely connected with all of existence. We are indeed in relationship to all that is.

He is so lonely that he sometimes feels it physically, a sodden clump of dirty laundry pressing against his chest. He cannot unlearn the feeling. People make it sound so easy, as if the decision to want it is the most difficult part of the process. But he knows better: being in a relationship would mean exposing himself to someone...But what is he willing to do to feel less alone? Could he destroy everything he’s built and protected so diligently for intimacy? How much humiliation is he ready to endure? He doesn’t know; he is afraid of discovering the answer.

... as self-conscious as he is about appearing normal, he doesn’t want a relationship for propriety’s sake: he wants it because he has realized he is lonely (...)People make it sound so easy, as if the decision to want it is the most difficult part of the process. But he knows better: being in a relationship would mean exposing himself to someone (...); it would mean the confrontation of his own body (...); And it would mean having sex with someone. (...) But what is he willing to do to feel less alone? Could he destroy everything he’s built and protected so diligently for intimacy?

New high-tech tools allow for more precise measuring and tracking, better sharing of information, and increased visibility of targeted populations. In a system dedicated to supporting poor and working-class people's self-determination, such diligence would guarantee that they attain all the benefits they are entitled to by law. In that context, integrated data and modernized administration would not necessarily result in bad outcomes for poor communities. But automated decision-making in our current welfare system acts a lot like older, atavistic forms of punishment and containment. It filters and diverts. It is a gatekeeper, not a facilitator.

But as self-conscious as he is about appearing normal, he doesn’t want a relationship for propriety’s sake: he wants it because he has realized he is lonely. He is so lonely that he sometimes feels it physically, a sodden clump of dirty laundry pressing against his chest. He cannot unlearn the feeling. People make it sound so easy, as if the decision to want it is the most difficult part of the process. But he knows better: being in a relationship would mean exposing himself to someone...But what is he willing to do to feel less alone? Could he destroy everything he’s built and protected so diligently for intimacy? How much humiliation is he ready to endure? He doesn’t know; he is afraid of discovering the answer.

The older a woman got, the more diligent she had to become about not burdening men with the gory details of her past, lest she scare them off. That was the name of the game: Don’t Scare the Men. Those who encouraged you to indulge in your impulse to share, largely did so to expedite a bus. Like I felt the wind of the bus. I could even see a couple of the passengers, all shaken by a potential suicide. And out of nowhere, the guy rushes over, yanks me toward him, and escorts me out of the street.” “The birthday boy?” “No, different guy. You all start to look the same after a while, you know that? Anyway, we were both so high on adrenaline, we couldn’t stop laughing the whole night. Then he asked me out. Now one of our jokes is about that time I flung myself into traffic to avoid him.” “You were in shock.” “No, I wasn’t.” “Why isn’t the joke that he saved your life?” “I don’t know, Amos,” I said, folding my fingers together. “Maybe we’re both waiting for the day I turn around and say, ‘That’s right, asshole, I did fling myself into traffic to avoid you.’ I’m joking.” “Are you?” “Am I?” I mimicked him. “Should the day come when you manage to face-plant yourself into a relationship, you’ll find there are certain fragile truths every couple has. Sometimes I’m uncomfortable with the power, knowing I could break us up if I wanted. Other times, I want to blow it up just because it’s there. But then the feeling passes.” “That’s bleak.” “To you, it is. But I’m not like you. I don’t need to escape every room I’m in.” “But you are like me. You think you want monogamy, but you probably don’t if you dated me.” “You’re faulting me for liking you now?” “All I’m saying is you can’t just will yourself into being satisfied with this guy.” “Watch me,” I said, trying to burn a hole in his face. “If it were me, the party would have been our first date and it never would have ended.” “Oh, yes it would have,” I said, laughing. “The date would have lasted one week, but the whole relationship would have lasted one month.” “Yeah,” he said, “you’re right.” “I know I’m right.” “It wouldn’t have lasted.” “This is what I’m saying.” “Because if I were this dude, I would have left you by now.” Before I could say anything, Amos excused himself to pee. On the bathroom door was a black and gold sticker in the shape of a man. I felt a rage rise up all the way to my eyeballs, thinking of how naturally Amos associated himself with that sticker, thinking of him aligning himself with every powerful, brilliant, thoughtful man who has gone through that door as well as every stupid, entitled, and cruel one, effortlessly merging with a class of people for whom the world was built. I took my phone out, opening the virtual cuckoo clocks, trying to be somewhere else. I was confronted with a slideshow of a female friend’s dead houseplants, meant to symbolize inadequacy within reason. Amos didn’t have a clue what it was like to be a woman in New York, unsure if she’s with the right person. Even if I did want to up and leave Boots, dating was not a taste I’d acquired. The older a woman got, the more diligent she had to become about not burdening men with the gory details of her past, lest she scare them off. That was the name of the game: Don’t Scare the Men. Those who encouraged you to indulge in your impulse to share, largely did so to expedite a decision. They knew they were on trial too, but our courtrooms had more lenient judges.

Honorable, happy, and successful marriage is surely the principal goal of every normal person. Marriage is perhaps the most vital of all the decisions and has the most far-reaching effects, for it has to do not only with immediate happiness, but also with eternal joys. It affects not only the two people involved, but also their families and particularly their children and their children’s children down through the many generations. In selecting a companion for life and for eternity, certainly the most careful planning and thinking and praying and fasting should be done to be sure that of all the decisions, this one must not be wrong. In true marriage there must be a union of minds as well as of hearts. Emotions must not wholly determine decisions, but the mind and the heart, strengthened by fasting and prayer and serious consideration, will give one a maximum chance of marital happiness. It brings with it sacrifice, sharing, and a demand for great selflessness. . . . Some think of happiness as a glamorous life of ease, luxury, and constant thrills; but true marriage is based on a happiness which is more than that, one which comes from giving, serving, sharing, sacrificing, and selflessness. . . . One comes to realize very soon after marriage that the spouse has weaknesses not previously revealed or discovered. The virtues which were constantly magnified during courtship now grow relatively smaller, and the weaknesses which seemed so small and insignificant during courtship now grow to sizable proportions. The hour has come for understanding hearts, for self-appraisal, and for good common sense, reasoning, and planning. . . . “Soul mates” are fiction and an illusion; and while every young man and young woman will seek with all diligence and prayerfulness to find a mate with whom life can be most compatible and beautiful, yet it is certain that almost any good man and any good woman can have happiness and a successful marriage if both are willing to pay the price. There is a never-failing formula which will guarantee to every couple a happy and eternal marriage; but like all formulas, the principal ingredients must not be left out, reduced, or limited. The selection before courting and then the continued courting after the marriage process are equally important, but not more important than the marriage itself, the success of which depends upon the two individuals—not upon one, but upon two. . . . The formula is simple; the ingredients are few, though there are many amplifications of each. First, there must be the proper approach toward marriage, which contemplates the selection of a spouse who reaches as nearly as possible the pinnacle of perfection in all the matters which are of importance to the individuals. And then those two parties must come to the altar in the temple realizing that they must work hard toward this successful joint living. Second, there must be a great unselfishness, forgetting self and directing all of the family life and all pertaining thereunto to the good of the family, subjugating self. Third, there must be continued courting and expressions of affection, kindness, and consideration to keep love alive and growing. Fourth, there must be a complete living of the commandments of the Lord as defined in the gospel of Jesus Christ. . . . Two individuals approaching the marriage altar must realize that to attain the happy marriage which they hope for they must know that marriage is not a legal coverall, but it means sacrifice, sharing, and even a reduction of some personal liberties. It means long, hard economizing. It means children who bring with them financial burdens, service burdens, care and worry burdens; but also it means the deepest and sweetest emotions of all. . . . To be really happy in marriage, one must have a continued faithful observance of the commandments of the Lord. No one, single or married, was ever sublimely happy unless he was righteous.

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It is unfortunate that one of the most common false teachings in the Church (even among faithful Catholics) is that if a person has peace, he is in God’s will or in a good place spiritually. It is very common to hear people offer the advice: “If you have peace in your decision, then it is the right decision.” The only way to determine if peace is an indication of God’s will or blessings is to know the entire context of a person’s spiritual life. This cannot be emphasized enough. All those who give this advice should simply cease to do so and instead begin to study Ignatian discernment of spirits, both first and second rules, begin to practice them diligently in daily life according to their spiritual progress, and study the writings of St. John of the Cross.

In any revolution the greatest danger is that the oppressed become carbon copies of their oppressors. They fail to see that fighting back with the same tactics, same values, same psychic weapons, can change nothing. Sudden decisions to draw the line and shout "enough" won't work. Men and women who have worked diligently to liberate their femininity from internal Nazi prison camps dare not rest on what they have accomplished. Too soon they may unwittingly find themselves once again collaborating with the very energies that imprisoned them in the first place. Since these regressive complexes resist giving up control, they become more subtle and more dangerous. Hope withers into despair, unless creative masculinity protects the feminine values.

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The earliest Protestant leaders—Luther in Germany, Zwingli in Zurich, Cranmer in England, Martin Bucer in Strasbourg, Philipp Melanchthon as Luther’s closest junior colleague, Peter Martyr from Eastern Europe, John Knox in Scotland, and many more—expected, or at least hoped, that their diligent attention to the great spiritual questions would lead to a general reformation of the one Western church.

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All organizations start with WHY, but only the great ones keep their WHY clear year after year. Those who forget WHY they were founded show up to the race every day to outdo someone else instead of to outdo themselves. The pursuit, for those who lose sight of WHY they are running the race, is for the medal or to beat someone else. What if the next time when someone asks, “Who’s your competition?” we replied, “No idea.” What if the next time someone pushes, “Well, what makes you better than your competition?” we replied, “We’re not better than them in all cases.” And what if the next time someone asks, “Well why should I do business with you then?” we answer with confidence, “Because the work we’re doing now is better than the work we were doing six months ago. And the work we’ll be doing six months from now will be better than the work we’re doing today. Because we wake up every day with a sense of WHY we come to work. We come to work to inspire people to do the things that inspire them. Are we better than our competition? If you believe what we believe and you believe that the things we do can help you, then we’re better. If you don’t believe what we believe and you don’t believe the things we can do will help you, then we’re not better. Our goal is to find customers who believe what we believe and work together so that we can all succeed. We’re looking for people to stand shoulder-to-shoulder with us in pursuit of the same goal. We’re not interested in sitting across a table from each other in pursuit of a sweeter deal. And here are the things we’re doing to advance our cause . . .” And then the details of HOW and WHAT you do follow. But this time, it started with WHY. Imagine if every organization started with WHY. Decisions would be simpler. Loyalties would be greater. Trust would be a common currency. If our leaders were diligent about starting with WHY, optimism would reign and innovation would thrive. As this book illustrates, there is precedence for this standard. No matter the size of the organization, no matter the industry, no matter the product or the service, if we all take some responsibility to start with WHY and inspire others to do the same, then, together, we can change the world. And that’s pretty inspiring.

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When we charge headlong into big decisions, it may be because we don’t want to know the answers that will emerge from doing due diligence. We know that fact-finding might lead us away from what we think we want.

Where is the company exposed? What are the red flags? • How can we increase profits and reduce the risks? • What management decisions and practices should be reevaluated? • What mistakes can be avoided when selling? • What documents and other information should be prepared? • How can you make due diligence less arduous? • What areas of weakness need to be addressed? • How do companies leave dollars on the table? First

Many students don't do well in School because they don't know you expect them to do well They want to do well, but it doesn't seem so important to do so. They don't have reasons to. You don’t give them reasons to. And worse you don't even ask them to. Indecision - Shulai or shulai not? Is it worth it? What's the point? Questions like that sap a Student's enegy and motivation. Plus affect his emotions. Schools who use anthems where students "say they pledge to do well and be diligent and so on" yet they aren't held RESPONSIBLE for their pledge are messing these kids up. It's like taking an oath and not caring to fulfill it. It's like conditioning a person to not take pledge seriously. I pledge to NIGERIA my country... How many of us all stay true to that pledge? The issue is if a thing is important to YOU as a parent or school enough for you to get your child or students to pledge it or promise it, then you MUST FOLLOW IT UP. Underachievers need to MAKE decision to be better day in day out. GIVE them a CHOICE. One that can FUEL their achievements.

the decision to invest in a startup comes after following a process that is heavily weighted towards EQ (emotional quotient). This process starts with exploring the idea emotionally. Should it pass that hurdle, I then do traditional due diligence, using objective data to validate the entrepreneurs’ assumptions around the quantifiable aspects of the business.

You, too, can learn to perform simply by practicing the act of performing. It all starts with your decision. Practice or performance, what will you do when you sit down? From that decision comes the actions of the next few minutes, chiefly whether that time finds you working diligently on correcting mistakes (which is practicing) or ignoring the mistakes completely and keeping that beat going despite everything (which is performing.)

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While the seven essential elements are a distillation of what we did on an everyday basis, they represent long-term discovery too. An important aspect of this book is the way we built our creative methods as a by-product of the work as we were doing it. As all of us pitched in to make our products, we developed our approach to creating great software. This was an evolution, an outgrowth of our deliberate attention to the task at hand while keeping our end goal in mind. We never waited around for brilliant flashes of insight that might solve problems in one swoop, and we had few actual Eureka! moments. Even in the two instances in my Apple career when I did experience a breakthrough—more about these later—there certainly was no nude streaking across the Apple campus like Archimedes supposedly did. Instead, we moved forward, as a group, in stepwise fashion, from problem to design to demo to shipping product, taking each promising concept and trying to come up with ways to make it better. We mixed together our seven essential elements, and we formulated “molecules” out of them, like mixing inspiration and decisiveness to create initial prototypes, or by combining collaboration, craft, and taste to give detailed feedback to a teammate, or when we blended diligence and empathy in our constant effort to make software people could use without pulling their hair out. As we did all this mixing and combining of our seven essential elements, we always added in a personal touch, a little piece of ourselves, an octessence, and by putting together our goals and ideas and efforts and elements and molecules and personal touches, we formed our approach, an approach I call creative selection.

The decision-making power gives us the state of deep human and spiritual fulfillment. In business, as in every area of life, all the internal forces of an individual are given by consequences of a decision making. Studies show that the most productive people in the world are diligent in defining a good destination map because they have a clear view of where they want to go; and their hope is what generates the necessary fuel for the exceptional completion of the work.

There is no failure when there are decisions. But I often see that what prevents us from moving forward in a decision is it that we can’t stop procrastinating in our tasks… We keep wondering for days maybe even years if that decision is true, or a fading of reason. Failure is failing. It may be the crucial factor for some people to decide and follow it. 5% of the people who so decide are the most fulfilling people. While the remaining 95% do not leave the place? Why do not you diligently follow the science of true decisions? Which is "change the plan to reach the goal". We must ask ourselves why that decision matters. What depth will it bring to our lives in 10 years? We must make more decisions, be more frequent in our choices. This greatly strengthens future decisions and enables a lasting fulfillment for our lives. So, what do we do? Anything. If we just do not sit down and wait, we will we screw up the ideas, rethink and start over. Try something else. If we wait until we are satisfied with all the uncertainties, it may be too late.

A small group of passionate, talented, imaginative, ingenious, ever-curious people built a work culture based on applying their inspiration and collaboration with diligence, craft, decisiveness, taste, and empathy and, through a lengthy progression of demo-feedback sessions, repeatedly tuned and optimized heuristics and algorithms, persisted through doubts and setbacks, selected the most promising bits of progress at every step, all with the goal of creating the best products possible.

Inspiration: Thinking big ideas and imagining what might be possible Collaboration: Working together well with other people and seeking to combine your complementary strengths Craft: Applying skill to achieve high-quality results and always striving to do better Diligence: Doing the necessary grunt work and never resorting to shortcuts or half measures Decisiveness: Making tough choices and refusing to delay or procrastinate Taste: Developing a refined sense of judgment and finding the balance that produces a pleasing and integrated whole Empathy: Trying to see the world from other people’s perspectives and creating work that fits into their lives and adapts to their needs

There are people who talk about operating experience and there are people who say it’s about risk-taking or process, or due diligence, but it’s about none of that. People have gut feelings about things and there are lots of ways that they rationalize themselves into their investment decisions. Very few people are willing to take the risk and fund some of these things that turn out to be crazy large, whether it’s Amazon (which was a book store), Google (which was the 27th search engine), or Genentech (which really was just a science project). None of those things in 20/20 hindsight were rational decisions you would make. It takes risk-takers to do seed investing, not risk managers.

One secret in Yale’s success has been David Swensen’s ability to engage the committee in governance—and not in investment management. Contributing factors include: selection of committee members who are experienced, hard-working, and personally agreeable; extensive documentation of the due diligence devoted to preparing each investment decision; and full agreement on the evidence and reasoning behind the policy framework within which individual investment decisions will be made.

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Private Equity Means No Liquidity The private equity fund is made up of people committed to providing capital. They’ve signed up for it. They may not get their money back for ten years or more. The firm makes investments and issues capital calls to the limited partners. As a limited partner, you send in your portion to meet the demand for the cash that’s needed at the time. Because it’s private, there’s no liquidity, and a limited partner has no decision power. There’s no way to get your capital back on demand. This is typically why investment sizes are large. Private equity firms are not geared to handle nonaccredited investors who may need to get their money out quickly. The return of capital happens over time. Anytime a private equity fund sells a company or refinances for the purpose of creating a distribution, it returns capital to its limited partners. Using the same example as above, let’s say the company is sold five years later. Instead of the $4 million of EBITDA when it was purchased, the company now has $12 million of EBITDA. Earnings increased 3x over a five-year period. The company is sold for the same 8x multiple, only now the enterprise value is $96 million for something that they paid $32 million for five years earlier. That $20 million in original debt financing plus perhaps another $40 million in additional debt and transaction expenses (from buying add-on companies, legal fees, diligence fees, investment banker fees, and carried interest fees) leaves $36 million in equity remaining. As a 1-percent limited partner, you now receive a distribution from the fund for 1 percent or $360,000. The initial investment was $120,000, but your distribution five years later, net of fees, is $360,000 or a 3x multiple of invested capital (MOIC)—discussed further in chapter 2. This example shows how a private equity fund receives and distributes money. The capital calls are fulfilled as the fund makes purchases, not up front. In this case, the distribution from the fund back to the limited partner occurred five years after the initial capital call when the purchased company was sold. Many larger private equity firms often have multiple overlapping funds—some late stage and some early stage—operating with dozens of portfolio companies. Those companies aren’t all bought and sold on the same date. There’s a flow of money, mostly coming into the fund from limited partners in early years to fund platforms and then mostly being returned in later years as platforms are sold.

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Doing the morally right thing doesn’t have to make you stupid. Morally righteous decisions are usually smart decisions, because they require you to go the extra mile, do your diligence, build trust, consider the people around you, follow the rules, rules which exist for a reason. And hope is usually smart too. Because hope allows you to look for long-odds reversals, when all the smart safe plays are just gonna slow your defeat.

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