The Hours to Become a Pro

Originating in ‘Outliers‘ (haven’t actually read it yet but know it comes from there) is the idea that it takes 10,000 hours to become a champion at anything. This of course is not a literal rule but the idea behind it is to emphasis the effort required to get to such a high level of competency. So using the 10,000 hours rule, working full time (38 hours a week) it will take you approximately 5 years to become top level. At an hour a day its closer to 30 years..

This is discouraging, especially if you consider the fact that to dedicate 8 hours a day you have to be really committed. But it aims to remove the ‘effort shock‘ (Based off price shock theory) where people pick up a new activity until they realise how hard it actually is, then they give up.

In actual reality its probable less but I assume you start off at close to an hour a week until you learn to love the art, then dedicate more an more time until you’re working full time on perfecting it.

The younger you are, the easier it is to pick things up also which would affect your ability to become amazing.

The dip‘ is also an interesting book as it ephasises that the law of diminishing returns grows until it seems like you are making negative progress. Pushing through this is the hardest part and separates the truely dedicated from the rest.

This applies to everything, creative pursuits, arts, sciences, sports, whatever

There was a forum I recently saw which amazed me, this is a guy painted every day for 9 years. He posted most of his paintings during this whole time and you can see his progress.. it is amazing.

Anyway the point to this is that I want to become proficient in many things and it can at times feel like I don’t have enough time to achieve this.. Also partially to give the mentality that you can achieve anything you put your head to (with appropriate dedication).

Hopefully the technological singularity brings immortality and I have all the time in the world to perfect everything 🙂

Separation of the state and the corporation

One of my classes proposes that in our society the political sphere (The Pnyx) has merged with our economic sphere(The Agora). The implications of this is that politicians are afraid to make legislation that is detrimental to their corporate financiers, and the democratic process becomes distorted as they pay too much attention to economic problems rather than the political problems they are paid to work on.

I’m hardly knowledgeable in any political area but I believe this is something that democracy had to face in history. The state and the church had become intermingled and as a result the state was being influenced by the churches leaders who were giving them ‘will of god’.

It is common sense in modern times that such a relationship was detrimental to citizens, hence implementation of the separation of the church and the state.

Although it is a different kind of power that corporations have over the state it works in the same way, the state is meant to represent the citizens not the businesses.

Hence a separation of the corporation and the state.

All problems that become murky because of economic lobbying (Environmental damage, patent trolling etc) would instantly disappear, leaving those who are unbiased giving the voice back to the people .

 

Evolution

Have always been a big fan of the evolution concept, I believe it explains much about our history and answers a lot to do with the “why” in the world.

The only thing I don’t appreciate is that it is not very good at predicting the future unless you are knowledgeable in genetics, organic chemistry and biology, plus understand exactly how a single generation mutation occurs (along with the implications).
Regardless it does give an insight into many peculiar things that animals and humans do (or have). This includes human behaviour and instinct which can be very unpredictable. Social behaviour and psychological evolution is very interesting in this aspect and often allows a sort of unfair advantage when dealing with others.
Its pretty straight forwards stuff too, this quote sums up why knowing about psychological evolution can be useful.
“The brain is a flawed lens through which to see reality.  This is true of both mouse brains and human brains.  But a human brain is a flawed lens that can understand its own flaws – its systematic errors, its biases – and apply second-order corrections to them.  This, in practice, makes the flawed lens far more powerful.  Not perfect, but far more powerful.” From here
In short we are not perfect, but once you know your imperfections you can correct for the deviation.

Benefits of Reading

I have been trying to read a lot more, as a child I was pretty keen on books but towards the end of high school this quickly stopped. I had an awful English teacher who recommended I drop out of school and needless to say I didn’t have the urge to read anymore.

Shortly after starting university I regained this passion and have over the last 6 months been pumping out a couple books a week. These are on a huge range of topics and it really doesn’t bother me as long as I learn new stuff then I bought a kindle and this contributed further to my reading(The free books are easily worth the cost of the ebook reader).

I also try to read more blogs and news sites to keep up to date.

One thing I am trying to learn to do more effectively is speed read, I haven’t looked at it in too much detail but whenever an author starts talking about something that doesn’t interest me I trace the whole line in like a second. The eye and brain are pretty good at picking up the gist of what is going on and once a topic becomes interesting again I slow down.

After reading a couple biographies (Malcolm X, George Soro) you begin to realise that many successful people read a ridiculous amount. This evidence further adds to the value of reading.

Normally I read non-fiction stuff but I have been told novels are really important also, I am not too good at the whole using one thing to symbolise another but I feel I should try to.

The only problem I find is that to cement the ideas within a book you should try implement it into your everyday life, something I am not too good at yet.

After exams I plan on reading the more difficult books (couldn’t get very far into dante’s inferno) by using study guides, maybe I’ll read Aristotle, Plato and such.

Sunshine

Yesterday I ended up spending most of the morning in the sun, it started with our rowing training and then patrol for surf life saving. Patrol was the worst as we spent most of the 3 hours on the rescue boards surfing. Needless to say I ended up crisping my skin.

In my opinion the sun has miraculous psychological powers, after a session surfing my mood always changes for the better. The reversal is also true, after spending a few days cooped up inside I believe almost everyone feels disgusting and down.

The extra energy people feel must be from the warmth and evolutionary reaction to the being in the sun every day. Also there is the vitamin D aspect, my main interest is the muscle development. Think I read somewhere in the 4-hour body about it contributing to testosterone levels.

The problem is Australia happens to have no ozone protection, hence the high levels of deaths attributed to Melanoma.

The Irony is as much as I love the sun I am right now in a fair bit of pain due to this sunburn, I already know that skin cancer will probably get me.

 

Job Searching

So in my ideal world I would have a job lined up for next year, allowing me to finish my studies part time and earn precious money to save up for my round the world expedition. The massive problem with my area, Accounting, and finance in general is after the Global Financial Crisis all employers get to pick the cream of the crop. I have good marks and a few extracurricular bonuses which I hoped would get me through but unfortunately it doesn’t seem to be enough. As an employee I know I would be an amazing worker but as a graduate I am fighting huge amounts of job searchers who add very little to the business value chain (Probably me included).

It is also interesting how many people ‘pray’ on these students, resume builders and careers fairs are everywhere and take the guise of helping students find employment but unfortunately act more beneficial to the firms who run them (Marketing ploys). In a market where so many struggle to find work this is a little unethical.

But in this blog post (Patrick is really smart) the job creation process is summarised amazingly in one line “Read ad.  Send in resume.  Go to job interview.  Receive offer.” is the exception, not the typical case, for getting employment“. Job positions come available when a business needs someone to add more value than they cost, either through expense reduction or profit generation (Part of the profit centre is the best position to be in a firm). Although that post is in regards to technical work it applies to every field.

So to a business you are worth how much you add in value to their interests. As long as you produce more than you cost you can get a job, however the only real way for an employer to know that is for them to know you personally. This is why networking is so important..

Time for me to start networking more

Novice Traveller

Planned for the 25th of November is my trip to New Zealand with my girlfriend, this is to be my first time outside of Australia and hopefully I learn heaps from it. The idea is that NZ is very similar to Australia and there is no need for the complexities of language, visas, culture etc, this should allow me to ease into the nomadic lifestyle that seems so daunting.

Living off a shoestring and travelling only with carry-on luggage seems to be a big enough first step into this strange world of vagabonding. We are only taking a couple grand and living off cheap food like this, hopefully enabling us to see most of the country in the 2 months we have spare.

The next step I have to the nomadic lifestyle is a round the world trip starting early 2013, I have met many international students whilst living on campus and as a result I have a short list of countries I wish to see. This includes working a winter season at the snow lifts in Canada, as well as a the 2014 world cup in Brazil.

This leaves me approx 9 months after graduation to save up. The only note is that this is not long enough to get involved in the professional areas I have studies so it will have to be from bar work or something. Then after 2 years travelling I would be left with very little experience at age 24..

That is my major concern about all this even with everyone encouraging and recommending travelling.

But if all goes well the technological singularity should save us in the future years and work experience is the last thing needed in a Post-Singularity world; then who will be laughing 🙂

Motivation and time measurement

So the idea of motivation has been on my mind, mostly due to the endless list of things I want to learn or acheve and the percieved limited time I have to do them. How do I pick out the things that are best and put myself 100% into them so I can get the most out of them?

As usual I have been trying to read as much as possible, currently I’m working through the quick novels like Alice in Wonderland and Jekyll and Hyde that I never read as a kid. The problem is, as important as this reading is I am not putting the required time into exam preparation and study which is less than 2 weeks away. Also I cannot help but dread the time I should be dedicating to exercising and sport, which previously were a major part of my life and in neglecting these I feel I am letting myself down.

As a student of management I should probably be putting the idea of “what gets measured gets managed” into practice, this way i should feel motivated to A) not waste time daydreaming and sleeping in; and B) start Achieving the most possible. Sebastian Marshal has a simple concept of ranking activities into expansion, maintenance and world. Every creative thing gets put into ‘expansion’, every important thing that is not creating something is in ‘maintenance’ and recovery things such as meditation are in ‘world’. Daily improvement would theoretically come as a result of this..

So on the list is: Start Measuring Time

Also just randomly I am trying to study some of the philosophical classics such as Plato’s ‘The Republic”, again because such knowledge may be important in the future.

How to fix the world

Again from “Who says Elephants can’t Dance” Gerstner mentioned a brilliant way to stop seemingly all the problems caused by selfish corporations taking advantage of the world.

A lot of issues are caused by shareholders forcing management to take shortcuts to make short term gains rather than long term prosperity. This short term view leads to employee layoffs, less R&D, planned obsolescence, pollution etc etc.

A correct way of judging shareholder value is mentioned.

  1. The company is a major force in a growing market or segment.
  2. It is increasing its share in this segment through sustainable advantages.
  3. Increasing its market share is resulting in growing cash flows.
  4. This cash flow is used wisely (R&D or Marketing or critical areas within the company).
  5. And is aligned with shareholders (Increases dividends and executives rely on share ownership)
but this is the ideal not the reality. Large investors used to be the ones who held managemnt accountable but due to all the help small investors have received, larger investors have become disconnected (Minority shareholder rights, Annual meetings becoming voices of the many, equal access to company information) essentially the voice of the horde which is saying “More Quarterly Gains”. Google has a share structure that prevents this so they can focus on the long run but they are criticized heavily for this.
What is desired is
  • Owners who are close to the managers,
  • Owners who cannot sell their stocks on a whim,
  • Owners who must see a company through a complete investment cycle.
The way to achieve this?
Diminishing taxation rate on the capital gains from stocks and options!
Wish I had of thought of this it is amazing; shareholders (the owners) sell their shares if they are not making quick money so to stop this change the taxation on the capital gains from securities. Profit on shares sold before a full year of ownership taxed at 70%, 3 years = 50%, 5 years = 30%, 8 years = 0%.
The result is the owners have a financial Incentive to stay with the company for the long run!!
This incentive means the owners encourage long-term investments rather than short term gains and projects that are profitable in the future drive up the share price.
Hello Utopia.

Products and Businesses

reading through “Who says Elephants can’t Dance” I noticed that Gerstner offered some awesome credentials for both products and businesses that are successful.

Firstly on products, he mentioned briefly that they need to be competitive on cost, features and functionality. I believe this can be extended to include a fourth category “personality“. With these four categories I believe every product and service can be measured and compared, obviously different weights would be given to each category depending on the industry (different petrol can hardly be more functional) but a weighted average of these relative to other products would give universal ratings.

Subheadings for these are needed, I’m assuming cost would need to include externalities and social costs for example (measurement in these is always a problem). Will think more on these later.

Next Gerstner mentioned skills of businesses that are likely to be successful share the following characteristics:

  • Correct Focus: Broad focus leads to no specialisation and narrow focus ignores the business environment.
  • Flawless execution: which include world class processes, clarity in their strategy and high performance culture.
  • Personal leadership.
Personal Leadership he highlights as important, that is leaders be visible to all members of the institution. Great CEOs roll up their sleeves and tackle problems personally and don’t hide behind staff.
Finally a quote I thought was amazing but is not really related:
“Credit is not due for predicting rain but for building arcs”
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