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I am successful because of my brains and my guts, put together, and I don't need some fancy-ass degree from a bunch of sweater-vest-wearing pricks who haven't gotten laid since Bush Senior was president... Do you know who studies sociology? People who would rather observe life than live it.
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Erin McCarthy (Hard and Fast (Fast Track, #2))
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Ouf. That’s the one you went with?” she said. “Magic mirrors are for artificer-track seniors.”
“The others I got were worse,” I said, not specifying how. I could have whipped up that frenzy orb in one session with a handful of broken glass. Oh, I’d probably also have needed the life’s blood of one of my fellow students, but who’s being picky?
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Naomi Novik (A Deadly Education (The Scholomance, #1))
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It was that summer, too, that I began the cutting, and was almost as devoted to it as to my newfound loveliness. I adored tending to myself, wiping a shallow red pool of my blood away with a damp washcloth to magically reveal, just above my naval: queasy. Applying alcohol with dabs of a cotton ball, wispy shreds sticking to the bloody lines of: perky. I had a dirty streak my senior year, which I later rectified. A few quick cuts and cunt becomes can't, cock turns into back, clit transforms to a very unlikely cat, the l and i turned into a teetering capital A.
The last words I ever carved into myself, sixteen years after I started: vanish.
Sometimes I can hear the words squabbling at each other across my body. Up on my shoulder, panty calling down to cherry on the inside of my right ankle. On the underside of a big toe, sew uttering muffled threats to baby, just under my left breast. I can quiet them down by thinking of vanish, always hushed and regal, lording over the other words from the safety of the nape of my neck.
Also: At the center of my back, which was too difficult to reach, is a circle of perfect skin the size of a fist.
Over the years I've made my own private jokes. You can really read me. Do you want me to spell it out for you? I've certainly given myself a life sentence. Funny, right? I can't stand to look myself without being completely covered. Someday I may visit a surgeon, see what can be done to smooth me, but now I couldn't bear the reaction. Instead I drink so I don't think too much about what I've done to my body and so I don't do any more. Yet most of the time that I'm awake, I want to cut. Not small words either. Equivocate. Inarticulate. Duplicitous. At my hospital back in Illinois they would not approve of this craving.
For those who need a name, there's a gift basket of medical terms. All I know is that the cutting made me feel safe. It was proof. Thoughts and words, captured where I could see them and track them. The truth, stinging, on my skin, in a freakish shorthand. Tell me you're going to the doctor, and I'll want to cut worrisome on my arm. Say you've fallen in love and I buzz the outlines of tragic over my breast. I hadn't necessarily wanted to be cured. But I was out of places to write, slicing myself between my toes - bad, cry - like a junkie looking for one last vein. Vanish did it for me. I'd saved the neck, such a nice prime spot, for one final good cutting. Then I turned myself in.
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Gillian Flynn (Sharp Objects)
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The most exciting things to happen in Dullsville in my lifetime, in chronological order:
1. The 3:10 train jumped its tracks, spilling boxes of Tootsie Rolls, which we devoured.
2. A senior flushed a cherry bomb down the toilet, exploding the sewage line, closing school for a week.
3. On my sixteenth birthday a family rumored to be vampires moved into the haunted mansion on top of Benson Hill!
-Vampire Kisses: The Beginning
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Ellen Schreiber
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Trust metrics over intuition. You should have a way to measure every project. Quality is a complex system, the sort of place where your intuition can easily deceive you. Similarly, as you become more senior at your company, your experience will no longer reflect most other folks’ experiences. You already know about the rough edges, and you’ll be the first person in line to get help if you find a new one, but most other folks don’t. Metrics keep you honest.
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Will Larson (Staff Engineer: Leadership Beyond the Management Track)
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Tracy smiled. “Do you remember the story?” “Kimi? It was my story.” “What do you remember?” “A tragedy of Shakespearean proportions.” “How well did you know her?” “Everyone knew Kimi. She was a track star. In the fall she ran cross-country, and in the spring she ran the high hurdles and the one hundred—back then it was still called the hundred-yard dash. She finished second in the state her junior year and was the odds-on favorite to win both races senior year.
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Robert Dugoni (In the Clearing (Tracy Crosswhite, #3))
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I was already an atheist, and by my senior year I had became obsessed with the question “What is the meaning of life?” I wrote my personal statement for college admissions on the meaninglessness of life. I spent the winter of my senior year in a kind of philosophical depression—not a clinical depression, just a pervasive sense that everything was pointless. In the grand scheme of things, I thought, it really didn’t matter whether I got into college, or whether the Earth was destroyed by an asteroid or by nuclear war. My despair was particularly strange because, for the first time since the age of four, my life was perfect. I had a wonderful girlfriend, great friends, and loving parents. I was captain of the track team, and, perhaps most important for a seventeen-year-old boy, I got to drive around in my father’s 1966 Thunderbird convertible. Yet I kept wondering why any of it mattered. Like the author of Ecclesiastes, I thought that “all is vanity and a chasing after wind” (ECCLESIASTES 1:14) . I finally escaped when, after a week of thinking about suicide (in the abstract, not as a plan), I turned the problem inside out. There is no God and no externally given meaning to life, I thought, so from one perspective it really wouldn’t matter if I killed myself tomorrow. Very well, then everything beyond tomorrow is a gift with no strings and no expectations. There is no test to hand in at the end of life, so there is no way to fail. If this really is all there is, why not embrace it, rather than throw it away? I don’t know whether this realization lifted my mood or whether an improving mood helped me to reframe the problem with hope; but my existential depression lifted and I enjoyed the last months of high school.
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Jonathan Haidt (The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom)
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by blitzing students with information and making the application process as simple as dropping a résumé into a box, by following up relentlessly and promising to inform applicants about job offers in the fall of their senior year—months before firms in most other industries—Wall Street banks had made themselves the obvious destinations for students at top-tier colleges who are confused about their careers, don’t want to lock themselves in to a narrow preprofessional track by going to law or medical school, and are looking to put off the big decisions for two years while they figure things out. Banks, in other words, have become extremely skilled at appealing to the anxieties of overachieving young people and inserting themselves as the solution to those worries. And the irony is that although we think of Wall Street as a risk-loving business, the recruiting process often appeals most to the terrified and insecure.
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Kevin Roose (Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits)
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I rewrote and re-sent the email—not to the head of the school now, but to his boss, the director of Field Service Group. Though he was higher up the totem pole than the head of the school, the D/FSG was pretty much equivalent in rank and seniority to a few of the personnel I’d dealt with at headquarters. Then I copied the email to his boss, who definitely was not. A few days later, we were in a class on something like false subtraction as a form of field-expedient encryption, when a front-office secretary came in and declared that the old regime had fallen. Unpaid overtime would no longer be required, and, effective in two weeks, we were all being moved to a much nicer hotel. I remember the giddy pride with which she announced, “A Hampton Inn!” I had only a day or so to revel in my glory before class was interrupted again. This time, the head of the school was at the door, summoning me back to his office. Spo immediately leaped from his seat, enveloped me in a hug, mimed wiping away a tear, and declared that he’d never forget me. The head of the school rolled his eyes. There, waiting in the school head’s office was the director of the Field Service Group—the school head’s boss, the boss of nearly everyone on the TISO career track, the boss whose boss I’d emailed.
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Edward Snowden (Permanent Record)
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After a series of promotions—store manager at twenty-two, regional manager at twenty-four, director at twenty-seven—I was a fast-track career man, a personage of sorts. If I worked really hard, and if everything happened exactly like it was supposed to, then I could be a vice president by thirty-two, a senior vice president by thirty-five or forty, and a C-level executive—CFO, COO, CEO—by forty-five or fifty, followed of course by the golden parachute. I’d have it made then! I’d just have to be miserable for a few more years, to drudge through the corporate politics and bureaucracy I knew so well. Just keep climbing and don't look down. Misery, of course, encourages others to pull up a chair and stay a while. And so, five years ago, I convinced my best friend Ryan to join me on the ladder, even showed him the first rung. The ascent is exhilarating to rookies. They see limitless potential and endless possibilities, allured by the promise of bigger paychecks and sophisticated titles. What’s not to like? He too climbed the ladder, maneuvering each step with lapidary precision, becoming one of the top salespeople—and later, top sales managers—in the entire company.10 And now here we are, submerged in fluorescent light, young and ostensibly successful. A few years ago, a mentor of mine, a successful businessman named Karl, said to me, “You shouldn’t ask a man who earns twenty thousand dollars a year how to make a hundred thousand.” Perhaps this apothegm holds true for discontented men and happiness, as well. All these guys I emulate—the men I most want to be like, the VPs and executives—aren’t happy. In fact, they’re miserable. Don’t get me wrong, they aren’t bad people, but their careers have changed them, altered them physically and emotionally: they explode with anger over insignificant inconveniences; they are overweight and out of shape; they scowl with furrowed brows and complain constantly as if the world is conspiring against them, or they feign sham optimism which fools no one; they are on their second or third or fourth(!) marriages; and they almost all seem lonely. Utterly alone in a sea of yes-men and women. Don’t even get me started on their health issues. I’m talking serious health issues: obesity, gout, cancer, heart attacks, high blood pressure, you name it. These guys are plagued with every ailment associated with stress and anxiety. Some even wear it as a morbid badge of honor, as if it’s noble or courageous or something. A coworker, a good friend of mine on a similar trajectory, recently had his first heart attack—at age thirty. But I’m the exception, right?
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Joshua Fields Millburn (Everything That Remains: A Memoir by The Minimalists)
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We then reached a fork in the valley. Should we go left or right? Dad called it left. I had a very powerful intuition that right was the choice we should make. Dad insisted left. I insisted right.
It was a fifty-fifty call and he relented.
Within two hundred yards we stumbled across a snowy track through the woods and followed it excitedly. Within a mile it came out on a mountain road, and within ten minutes we had flagged down a lift from a car heading up the hill in the darkness.
We had found salvation, and I was beat.
The car dropped us off at the gates of the garrison thirty minutes later. It was, by then, late into the night, but I was suddenly buzzing with energy and excitement.
The fatigue had gone. Dad knew that I had made the right call up there--if we had chosen left we would still be trudging into the unknown.
I felt so proud.
In truth it was probably luck, but I learned another valuable lesson that night: Listen to the quiet voice inside. Intuition is the noise of the mind.
As we tromped back through the barracks, though, we noticed there was an unusual amount of activity for the early hours of a weekday morning. It soon became very clear why.
First a sergeant appeared, followed by another soldier, and then we were ushered into the senior officers’ block.
There was my uncle, standing in uniform looking both tired and serious. I started to break out into a big smile. So did Dad. Well, I was excited. We had cheated a slow, lingering hypothermic death, lost together in the mountains. We were alive.
Our enthusiasm was countered by the immortal words from my uncle, the brigadier, saying: “I wouldn’t smile if I was you…” He continued, “The entire army mountain rescue team is currently out scouring the mountains for you, on foot and in the air with the search-and-rescue helicopter. I hope you have a good explanation.”
We didn’t, of course, save that we had been careless, and we had got lucky; but that’s life sometimes. And the phrase: “I wouldn’t smile if I was you,” has gone down into Grylls family folklore.
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Bear Grylls (Mud, Sweat and Tears)
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See especially academia, which has effectively become a hope labor industrial complex. Within that system, tenured professors—ostensibly proof positive that you can, indeed, think about your subject of choice for the rest of your life, complete with job security, if you just work hard enough—encourage their most motivated students to apply for grad school. The grad schools depend on money from full-pay students and/or cheap labor from those students, so they accept far more master’s students than there are spots in PhD programs, and far more PhD students than there are tenure-track positions. Through it all, grad students are told that work will, in essence, save them: If they publish more, if they go to more conferences to present their work, if they get a book contract before graduating, their chances on the job market will go up. For a very limited few, this proves true. But it is no guarantee—and with ever-diminished funding for public universities, many students take on the costs of conference travel themselves (often through student loans), scrambling to make ends meet over the summer while they apply for the already-scarce number of academic jobs available, many of them in remote locations, with little promise of long-term stability. Some academics exhaust their hope labor supply during grad school. For others, it takes years on the market, often while adjuncting for little pay in demeaning and demanding work conditions, before the dream starts to splinter. But the system itself is set up to feed itself as long as possible. Most humanities PhD programs still offer little or nothing in terms of training for jobs outside of academia, creating a sort of mandatory tunnel from grad school to tenure-track aspirant. In the humanities, especially, to obtain a PhD—to become a doctor in your field of knowledge—is to adopt the refrain “I don’t have any marketable skills.” Many academics have no choice but to keep teaching—the only thing they feel equipped to do—even without fair pay or job security. Academic institutions are incentivized to keep adjuncts “doing what they love”—but there’s additional pressure from peers and mentors who’ve become deeply invested in the continued viability of the institution. Many senior academics with little experience of the realities of the contemporary market explicitly and implicitly advise their students that the only good job is a tenure-track academic job. When I failed to get an academic job in 2011, I felt soft but unsubtle dismay from various professors upon telling them that I had chosen to take a high school teaching job to make ends meet. It
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Anne Helen Petersen (Can't Even: How Millennials Became the Burnout Generation)
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My senior year flew by and before I knew it, I was graduating from high school. I was never really fired up about going to the Naval Academy, but that’s easy to say after bombing out on the math part of the entrance exam. Little did I know that eventually, I would become part of the Naval Academy’s “Blue & Gold Program!” In time I would become a Math Teacher and a part of the Naval Academy’s “Blue & Gold Program!”
Never mind, I did make it into Maine Maritime Academy at Castine, Maine. My interest in the sea was always merchant ships like the blue ribbon ocean liners and the sea itself. I was never really interested in fighting wars, or in warships for that matter. Perhaps it was that I had lost so many of my family to war that I hated the thought of people killing each other for what they considered a righteous cause. In spite of these feelings, I wound up with over forty years of military service. I knew that I was on the right track and at last my parents were proud of me. I was about to graduate with good grades and was following in the footsteps of “those that go down to the sea in ships.
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Hank Bracker
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By 2006 Steele held a senior post at MI6’s Russia desk in London. There were ominous signs that Putin was taking Russia in an aggressive direction. The number of hostile Russian agents in the United Kingdom grew, surpassing Cold War levels. Steele tracked a new campaign of subversion and covert influence.
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Luke Harding (Collusion: Secret Meetings, Dirty Money, and How Russia Helped Donald Trump Win)
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I excused myself and tracked down Dr. W, the senior surgeon on duty.
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Atul Gawande (Complications: A Surgeon's Notes on an Imperfect Science)
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JoAnn Bechtold, a prominent businesswoman from Omaha, boasts an impressive track record in the software industry. With Newtek Accounting Systems, Inc. under her belt, she now excels in contract work, focusing on the Ag sector.
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JoAnn Bechtold Omaha
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Many could see that placing affirmative action onto a world of declining opportunity was little more than a zero-sum game—and most likely a fast track to further racial resentment. The problem, as Bayard Rustin put it in 1974, was overcoming the divisiveness of “Affirmative Action in an Age of Scarcity.” As Andrew Levison made the connection between the future of racial progress and the limits on economic opportunity in the New Yorker in 1974, “until progressives deal seriously with the idea of full employment and government guaranteed jobs, black representation in skilled jobs will remain a question of throwing a white carpenter out of work in order to employ a black, or making a Pole with seniority continue to tend the coke ovens while a black moves up to a better job.
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Jefferson R. Cowie (Stayin’ Alive: The 1970s and the Last Days of the Working Class)
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We continue, however, to need "elephants" in order for us to use Berkshire’s flood of incoming cash. Charlie and I must therefore ignore the pursuit of mice and focus our acquisition efforts on much bigger game. Our exemplar is the older man who crashed his grocery cart into that of a much younger fellow while both were shopping. The elderly man explained apologetically that he had lost track of his wife and was preoccupied searching for her. His new acquaintance said that by coincidence his wife had also wandered off and suggested that it might be more efficient if they jointly looked for the two women. Agreeing, the older man asked his new companion what his wife looked like. ‘She’s a gorgeous blonde,’ the fellow answered, ‘with a body that would cause a bishop to go through a stained glass window, and she’s wearing tight white shorts. How about yours?’ The senior citizen wasted no words: ‘Forget her, we’ll look for yours.
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Mark Gavagan (Gems from Warren Buffett: Wit and Wisdom from 34 Years of Letters to Shareholders)
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ready to accept my comments. She challenged me and said that if I wanted, she could prove to me that she and her team had done everything that was required. She even showed me a few slides, which indicated improvement in the parameters that tracked our execution quotient. I decided to keep a close watch on Anamika and her team and monitor their activity through further reviews. I also decided to spend time with every individual in her team. After a few reviews, I understood the real problem. The issue was that Anamika did not allow any of her colleagues to spend their time in the field helping the business. Most of the time, she asked them to make presentations for different reviews. Her instruction to her team was simple: ‘I will stand up for you, so do not worry. I know how to manage perception, but you guys should ensure that I come across well.’ Thus, many days were spent not on the real job, but on her horrible idea of managing the perception of the senior management. In doing this, the purpose of the team was lost.
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Partha Sarathi Basu (Mid-career Crisis: Why Some Sail through while Others Don't)
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Instead, the thing that had captured my attention was this big metal column topped by…absolutely nothing. It was doing this in the parking lot of what I had to figure was the main supplier of off-campus food: a retro-fifties fast-food joint.
Maybe it’s supposed to be some kind of art, I thought as I stared at the column. I was living in the big city now, after all. Public art happened. Not only that, it didn’t have to make sense. In fact, having it not make sense was probably a requirement.
“They took it down for repairs,” a voice beside my suddenly said.
I’m kind of embarrassed to admit this, but the truth is, I jumped about a mile. I’d been so mesmerized by the sight of that column extending upward into space, supporting empty air, that I’d totally lost track of all my soon-to-be-fellow students rushing by me. To this day, I can’t quite explain the fascination. But I’ve promised to tell you the 100 percent truth, which means I’ve got to include even the parts which make me appear less than impressive.
“Huh?”
Yes, all right, I know. Nowhere even near the list of incredibly clever replies.
“They took it down for repairs,” the voice said again.
“Took it down,” I echoed. By this time, I knew I was well on my way to breaking my own blending-in rule, big time. Sounding like a total idiot can generally be considered a foolproof method of getting yourself noticed.
“The car that’s usually up there.” The guy--it was a guy; I’d calmed down enough to realize that--said. I snuck a quick glance at him out of the corner of my eye. First fleeting impression: tall and blond. The kind of muscular-yet-lanky build I’ve always been a sucker for. Faded jeans. Letterman jacket with just about every sport there was represented on it.
Gotcha! I thought. BMOC. Big Man on Campus.
This made me feel a little better for a couple of reasons. The first was that it showed my skills hadn’t abandoned me completely after all. I could still identify the players pretty much on sight.
The second was that in my vast, though admittedly from-a-distance, experience of them, BMOCs have short attention spans for anyone less BOC than they are. Disconcerting and intense as it was at the moment, I could nevertheless take comfort in the fact that this guy’s unexpected and unnatural interest in me was also unlikely to last very long.
“An old Chevy, I think,” he was going on now. “It’s supposed to be back soon, though. Not really the same without it, is it?”
He actually sounded genuinely mournful. I was surprised to find myself battling back a quick, involuntary smile. He did seem to be more interesting than your average, run-of-the-mill BMOC. I had to give him that.
Get a grip, O’Connor, I chastised myself. “Absolutely not,” I said, giving my head a semi-vigorous nod. That ought to move him along, I thought.
You may not be aware of this fact, but agreeing with people is often an excellent way of getting them to forget all about you. After basking in the glow of agreement, most people are then perfectly content to go about their business, remembering only the fact that someone agreed and allowing the identity of the person who did the actual agreeing to fade into the background.
This technique almost always works. In fact, I’d never known it not to.
There was a moment of silence. A silence in which I could feel the BMOC’s eyes upon me. I kept my own eyes fixed on the top of the carless column. But the longer the silence went on, the more strained it became. At least it did on my side. This guy was simply not abiding by the rules. He was supposed to have basked and moved on by now.
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Cameron Dokey (How Not to Spend Your Senior Year (Simon Romantic Comedies))
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The week before Notes Day, all facilitators attended a training session to help them keep each meeting on track and make sure that everyone—the outgoing, the laid-back, and everyone in between—was heard from. Then, to make sure something concrete emerged, the Working Group designed a set of “exit forms” to be filled out by each session’s participants. Red forms were for proposals, blue forms were for brainstorms, and yellow forms were for something we called “best practices”—ideas that were not action items per se but principles about how we should behave as a company. The forms were simple and specific: Each session got its own set, tailored specifically to the topic at hand, that asked a specific question. For example, the session called “Returning to a ‘Good Ideas Come from Anywhere’ Culture,” had blue exit forms topped with this header: Imagine it’s 2017. We’ve broken down barriers so that people feel safe to speak up. Senior employees are open to new processes. What did we do to achieve this success? Underneath that question were boxes in which attendees could pencil in three answers. Then, after they wrote a general description of each idea, they were asked to go a few steps further. What “Benefits to Pixar” would these ideas bring? And what should be the “Next Steps” to make them a reality? Finally, there was space provided to specify “Who is the best audience for this idea?” and “Who should pitch this idea?
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Ed Catmull (Creativity, Inc.: an inspiring look at how creativity can - and should - be harnessed for business success by the founder of Pixar)
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In the mid-1990s, while serving as senior editor for Tricycle: The Buddhist Review, I proposed a thought experiment to test whether Buddhism could spread around the globe. That test consisted of a single question: Did Buddhism have a teaching that was so universal it could pass quickly from person to person without getting stopped in its tracks, leaping across national, ethnic, economic, and even religious boundaries?
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Clark Strand (Waking the Buddha: How the Most Dynamic and Empowering Buddhist Movement in History Is Changing Our Concept of Religion)
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How has a failure, or apparent failure, set you up for later success? Do you have a “favorite failure” of yours? Many, many moons ago, I used to be a corporate lawyer. I was an ambivalent corporate lawyer at best, and anyone could have told you that I was in the wrong profession, but still: I’d dedicated tons of time (three years of law school, one year of clerking for a federal judge, and six and a half years at a Wall Street firm, to be exact) and had lots of deep and treasured relationships with fellow attorneys. But the day came, when I was well along on partnership track, that the senior partner in my firm came to my office and told me that I wouldn’t be put up for partner on schedule. To this day, I don’t know whether he meant that I would never be put up for partner or just delayed for a good long while. All I know is that I embarrassingly burst into tears right in front of him—and then asked for a leave of absence. I left work that very afternoon and bicycled round and round Central Park in NYC, having no idea what to do next. I thought I’d travel. I thought I’d stare at the walls for a while. Instead—and it all happened so suddenly and cinematically that it might defy belief—I remembered that actually I had always wanted to be a writer. So I started writing that very evening. The next day I signed up for a class at NYU in creative nonfiction writing. And the next week, I attended the first session of class and knew that I was finally home. I had no expectation of ever making a living through writing, but it was crystal clear to me that from then on, writing would be my center, and that I would look for freelance work that would give me lots of free time to pursue it. If I had “succeeded” at making partner, right on schedule, I might still be miserably negotiating corporate transactions 16 hours a day. It’s not that I’d never thought about what else I might like to do other than law, but until I had the time and space to think about life outside the hermetic culture of a law practice, I couldn’t figure out what I really wanted to do.
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Timothy Ferriss (Tribe Of Mentors: Short Life Advice from the Best in the World)
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I got a job teaching seniors at an inner-city high school. My task is to get them ready for college. This school doesn’t have that great a track record of graduating people from high school, let alone getting them into college, so my job can be intimidating to say the least. This is the most consuming job I’ve ever had. In fact, compared to this, my position at the megachurch was a walk in the park—but I wouldn’t trade my current job for anything.
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Jim Henderson (The Resignation of Eve: What If Adam’s Rib Is No Longer Willing to Be the Church’s Backbone?)
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John Chipponeri, a seasoned Senior Project Manager in California, is recognized for his approachable demeanor, integrity, and extensive track record of successfully leading projects.
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John Chipponeri
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Real estate notes offer the promise of steady high returns, usually between 5 percent and 9 percent. But like any other investment, not all real estate notes pan out. You can minimize your risk (especially when just starting out) by looking for notes that are: • Senior: first mortgages come first in the pecking order should the borrower default • Performing: notes that are currently and regularly being paid down • Seasoned: older notes that come with a borrower payment track record, so you can see whether someone is actually making regular payments
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Michele Cagan (Real Estate Investing 101: From Finding Properties and Securing Mortgage Terms to REITs and Flipping Houses, an Essential Primer on How to Make Money with Real Estate (Adams 101 Series))
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Understanding Financial Risks and Companies Mitigate them?
Financial risks are the possible threats, losses and debts corporations face during setting up policies and seeking new business opportunities. Financial risks lead to negative implications for the corporations that can lead to loss of financial assets, liabilities and capital.
Mitigation of risks and their avoidance in the early stages of product deployment, strategy-planning and other vital phases is top-priority for financial advisors and managers.
Here's how to mitigate risks in financial corporates:-
● Keeping track of Business Operations
Evaluating existing business operations in the corporations will provide a holistic view of the movement of cash-flows, utilisation of financial assets, and avoiding debts and losses.
● Stocking up Emergency Funds
Just as families maintain an emergency fund for dealing with uncertainties, the same goes for large corporates. Coping with uncertainty such as the ongoing pandemic is a valuable lesson that has taught businesses to maintain emergency funds to avoid economic lapses.
● Taking Data-Backed Decisions
Senior financial advisors and managers must take well-reformed decisions backed by data insights. Data-based technologies such as data analytics, science, and others provide resourceful insights about various economic activities and help single out the anomalies and avoid risks.
Enrolling for a course in finance through a reputed university can help young aspiring financial risk advisors understand different ways of mitigating risks and threats. The IIM risk management course provides meaningful insights into the other risks involved in corporations.
What are the Financial Risks Involved in Corporations?
Amongst the several roles and responsibilities undertaken by the financial management sector, identifying and analysing the volatile financial risks.
Financial risk management is the pinnacle of the financial world and incorporates the following risks:-
● Market Risk
Market risk refers to the threats that emerge due to corporational work-flows, operational setup and work-systems. Various financial risks include- an economic recession, interest rate fluctuations, natural calamities and others.
Market risks are also known as "systematic risk" and need to be dealt with appropriately. When there are significant changes in market rates, these risks emerge and lead to economic losses.
● Credit Risk
Credit risk is amongst the common threats that organisations face in the current financial scenarios. This risk emerges when a corporation provides credit to its borrower, and there are lapses while receiving owned principal and interest.
Credit risk arises when a borrower falters to make the payment owed to them.
● Liquidity Risk
Liquidity risk crops up when investors, business ventures and large organisations cannot meet their debt compulsions in the short run.
Liquidity risk emerges when a particular financial asset, security or economic proposition can't be traded in the market.
● Operational Risk
Operational risk arises due to financial losses resulting from employee's mistakes, failures in implementing policies, reforms and other procedures.
Key Takeaway
The various financial risks discussed above help professionals learn the different risks, threats and losses. Enrolling for a course in finance assists learners understand the different risks. Moreover, pursuing the IIM risk management course can expose professionals to the scope of international financial management in India and other key concepts.
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Talentedge
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Fast-Track provided us with a highway through a jungle of exporting uncertainties.
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Charles Biermann, Senior Vice President, Northwestern Steel and Wire Company.
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managers just don’t always know how to support their most senior engineers. How can you be sure your reports are working on the right things, when they’re expected to advise you on the most important problems rather than the other way around?
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Will Larson (Staff Engineer: Leadership Beyond the Management Track)
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What’s Slipping Under Your Radar?
Word Count:
1096
Summary:
Ben, a high-level leader in a multi-national firm, recently confessed that he felt like a bad father. That weekend he had messed up his Saturday daddy duties. When he took his son to soccer practice, Ben stayed for a while to support him. In the process, though, he forgot to take his daughter to her piano lesson. By the time they got to the piano teacher’s house, the next student was already playing. This extremely successful businessman felt like a failure.
Keywords:
Dr. Karen Otazo, Global Executive Coaching, Leadership
Article Body:
Ben, a high-level leader in a multi-national firm, recently confessed that he felt like a bad father. That weekend he had messed up his Saturday daddy duties. When he took his son to soccer practice, Ben stayed for a while to support him. In the process, though, he forgot to take his daughter to her piano lesson. By the time they got to the piano teacher’s house, the next student was already playing. This extremely successful businessman felt like a failure.
At work, one of Ben’s greatest strengths is keeping his focus no matter what. As a strategic visionary, he keeps his eyes on the ongoing strategy, the high-profile projects and the high-level commitments of his group. Even on weekends Ben spends time on email, reading and writing so he can attend the many meetings in his busy work schedule. Since he is so good at multi-processing in his work environment, he assumed he could do that at home too.
But when we talked, Ben was surprised to realize that he is missing a crucial skill: keeping people on his radar. Ben is great at holding tasks and strategies in the forefront of his mind, but he has trouble thinking of people and their priorities in the same way. To succeed at home, Ben needs to keep track of his family members’ needs in the same way he tracks key business commitments. He also needs to consider what’s on their radar screens.
In my field of executive coaching, I keep every client on my radar screen by holding them in my thinking on a daily and weekly basis. That way, I can ask the right questions and remind them of what matters in their work lives. No matter what your field is, though, keeping people on your radar is essential.
Consider Roger, who led a team of gung-ho sales people. His guys and gals loved working with him because his gut instincts were superb. He could look at most situations and immediately know how to make them work. His gut was great, almost a sixth sense.
But when Sidney, one of his team of sales managers, wanted to move quickly to hire a new salesperson, Roger was busy. He was managing a new sales campaign and wrangling with marketing and headquarters bigwigs on how to position the company’s consumer products. Those projects were the only things on his radar screen. He didn’t realize that Sidney was counting on hiring someone fast.
Roger reviewed the paperwork for the new hire. It was apparent to Roger that the prospective recruit didn’t have the right background for the role. He was too green in his experience with the senior people he’d be exposed to in the job. Roger saw that there would be political hassles down the road which would stymie someone without enough political savvy or experience with other parts of the organization. He wanted an insider or a seasoned outside hire with great political skills.
To get the issue off his radar screen quickly, Roger told Human Resources to give the potential recruit a rejection letter. In his haste, he didn’t consult with Sidney first. It seemed obvious from the resume that this was the wrong person. Roger rushed off to deal with the top tasks on his radar screen. In the process, Sidney was hurt and became angry. Roger was taken by surprise since he thought he had done the right thing, but he could have seen this coming.
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What’s Slipping Under Your Radar?
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We’ve actually tracked senior leaders here at Vanguard and asked why some did better in the long run than others. I used to use the word ‘complacency’ to describe the ones who didn’t work out, but the more I reflect on it, the more I realize that’s not quite it. It’s really a belief that ‘I can’t learn anymore. I am what I am. This is how I do things.
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Angela Duckworth (Grit: The Power of Passion and Perseverance)
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But whatever computerized tracking system they used --- and I'm sure it was top of the line --- it couldn't stand up to the senior servers and their memories. Their innate hospitality. Their anticipation of others' needs. That was when service went from an illusion to a true expression of compassion. People came back to the restaurant just to have that feeling of being taken care of.
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Stephanie Danler (Sweetbitter)
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The only outlet that dedicates itself to keeping track is Media Matters for America, a progressive group founded by David Brock to monitor and confront conservative media. In 2019 the group’s senior fellow Matt Gertz counted every single time Trump tweeted in direct response to a Fox News or Fox Business program and found at least 657
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Brian Stelter (Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth)
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The only outlet that dedicates itself to keeping track is Media Matters for America, a progressive group founded by David Brock to monitor and confront conservative media. In 2019 the group’s senior fellow Matt Gertz counted every single time Trump tweeted in direct response to a Fox News or Fox Business program and found at least 657 instances in a single year.
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Brian Stelter (Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth)
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respect for this, people don’t have respect for that. No manners these days. She watched as the steam shot out of the spout and Cake lifted it gently off the heat, pouring the dark liquid into a cup that read Sweat is just your fat crying. She smiled a little and took it. ‘You know,’ he said, ‘no pressure or anything, but there’s an open competition coming up and—’ Her phone started buzzing in her rucksack on the chair just inside the door, cutting him off. She put her coffee down, a little glad they didn’t have to have this conversation again. ‘Hold that thought,’ she said, unzipping it and fishing around under the hydration bladder. She pulled it out, held up a finger to signify that she’d just be a minute, and then took the call, stepping back into the gym. Behind her, Cake slurped on his coffee. ‘Roper,’ she said, lifting it to her ear, drawing in a lungful of stale sweat. ‘What is it?’ ‘Got a body,’ he said bluntly, the heavy night of drinking apparent in his gruff voice. No doubt he’d been woken up by a call from DCI Smith a few minutes before. He was grunting like he was trying to pull on a pair of trousers. ‘Washed up in the Lea this morning. Fresh one. Hour or two in the water at the most, supposedly.’ She pressed her lips together, rolling it over in her mind. ‘A body? Bit above our pay grade, isn’t it?’ Roper grumbled. He’d been a detective for years, but a few bad cases had him working larceny and assaults mostly. A body was usually reserved for the more senior investigators. ‘Maybe we’re moving up. Maybe it’s because Henley’s finally come to his senses and seen that we’re shining examples of what detectives should be in this goddamn city.’ ‘What’s the real reason?’ He sighed and she could almost smell the beer and whiskey on his breath. ‘It’s a homeless kid. Arms all tracked out. Drowned by the look of it.’ ‘So why’s this being kicked up to us and not being logged as accidental or—’ ‘Kid’s hands were zip-tied together and his fingernails have been ripped off.
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Morgan Greene (Bare Skin (DS Jamie Johansson, #1))
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Ouf. That’s the one you went with?” she said. “Magic mirrors are for artificer-track seniors.” “The others I got were worse,” I said, not specifying how. I could have whipped up that frenzy orb in one session with a handful of broken glass. Oh, I’d probably also have needed the life’s blood of one of my fellow students, but who’s being picky?
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Naomi Novik
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The reviews run for three hours, with a dozen senior executives taking their turn. Little time is spent on people’s greens. Instead, they “sell” their reds. The team votes on the most important at-risk OKRs for the company as a whole, then brainstorms together as long as it takes to get the objectives back on track. In the spirit of cross-departmental solidarity, individuals volunteer to “buy” their colleagues’ reds. As Art says, “We’re all here to help. We’re all in the same bathwater.” As far as I know, “selling your reds” is a unique use of OKRs, and one well worth emulating.
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John Doerr (Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs)
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The Hunstanton station became the core of what became known in the Second World War as the Y service, the wireless interception and tracking service, and – together with the Post Office – they were eventually able to intercept enemy naval signals systematically. The difficulty for inter-service co-operation was that this was now so important to the Admiralty, at least potentially – if they could find a way of understanding the signals – that they pulled rank as the Senior Service. Hunstanton was to be used exclusively for listening to naval signals. No discussion was allowed. As a result, the War Office withdrew its co-operation. Nobody tried to dissuade them.
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David Boyle (Before Enigma)
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Was it something I said?” Roth mused. “I was just pointing out the obvious.”
Slowly, I lifted my head and looked at him.
“What?” He grinned impishly. “Come on. You don’t look like the type of girl who watches football, hangs out with the cool crowd and ends up deflowered by the senior jock in the back of his daddy’s Beamer.”
“Deflowered?”
“Yeah, you know. Losing that pesky thing called virginity.”
Fire swept over my skin. I pivoted around, heading toward the gym doors. Wasn’t like I didn’t know what deflowered meant. I just couldn’t believe he’d actually used that word in the twenty-first century.
Or that I was even having a conversation about virginity with him.
Roth caught my arm. “Hey. That’s a compliment. Trust me. He’s on the fast track to Hell anyway. Just like his daddy.”
“Good to know,” I managed to respond coolly, “but would you please let go of my arm? I have to get to class.”
“I’ve got a better idea.” Roth leaned in. Dark locks of hair fell into those golden eyes. “You and I are going to have some fun.”
My teeth hurt from how hard I was grinding them. “Not in this lifetime, buddy.”
He looked offended. “What do you think I’m suggesting? I wasn’t planning on getting you drunk and having my way with you in the back of a Beamer like Gareth is. Then again, I guess it could be worse. He could be planning it in the back of a Kia.”
I blinked. “What?
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Jennifer L. Armentrout (White Hot Kiss (The Dark Elements, #1))
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Nikki knew that seniority in law enforcement was a double-edged sword. It often earned the respect of the department, but it also put them closer to retirement. In times of upper-level change, a senior officer butting heads with a new boss was a good way to get on the fast track to early retirement
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Stacy Green (Lost Angels (Nikki Hunt, #3))