Leadership

December 21, 2021

The Cobra Effect and Inflation

The Cobra Effect is an unintended consequence where unintended behavior is ignored, making a problem worse than it originally was. When Delhi India was under British rule in the late 1800s, Delhi was infested with Cobras. As a result, the British incentivized farmers and locals to kill cobras by paying them a bounty when they brought a dead cobra to them. This effort worked in the short-run, reducing the population of cobras in the area, but eventually it became hard to find cobras at all. Despite this, the people still wanted to make money from the bounty, and since there […]
December 6, 2021

TRUE Traits for Successful Investing

When it comes to investing, the big decisions are driven by how much money to have in stocks, bonds, and cash. TRUE’s Traits for successful investing are listed below to help you allocate your money based on your long-term plan. Trait #1: Try to have 4-6 months of cash on hand for emergencies. Trait #2: If you need the money in the next 12 months, then it should be in cash. If you need the money to start a business in the next year, there is no sense in risking this money in the stock or bond market. We recommend […]
April 15, 2018

Paid to Think

David Rock, in his book Quiet Leadership: Six Steps to Transforming Performance at Work, shares the secrets he’s learned to become a fantastic leader.  And this doesn’t imply that as a “leader” you own the business, it implies that you work with people.  That you lead people; a group, a team, a division, a company, or a project.  This book is for those times when you are called to lead.  (And if you are a Mom, Dad, Wife, or Husband, then you are a leader by default! 🙂 In today’s world, more people are paid for their brains, not brawn.  As […]