Lessons learned....................

Scott Dinsmore offers twenty "uncommon lessons" learned while spending a weekend listening to Warren Buffett and Charlie Munger - here.  Lessons #2 and #19 here:


2. Don’t expect people to change. Berkshire Hathaway owns over 70 businesses. They buy a few more every year. But they only buy ones they won’t have to improve (contrary to what happens in acquisitions elsewhere). They’ve realized how futile is to try to changes others’ behavior. We love to paint a rosy picture that things will be better after some special event happens (an acquisition, a marriage, kids, a move, a new job, whatever), but for the most part, how people act is out of our control. Make sure the people you surround yourself with are the right fit from the beginning.


19. Stop saving up sex for old age. This is my all-time favorite analogy. Working a job you hate, just to build up a resume to hopefully do something you enjoy later on, is just like saving up sex for old age. There is no sense in waiting. If you’re going to build your resume, then build it with things you enjoy, or better yet, take the steps to start doing things you are excited about, with people you admire, right now. There is no waiting. Happiness not spent today does not equal more happiness tomorrow.