"In fact, living in the moment seems to be the French woman's approach to many things in life, the same one that separates her from, say, relentlessly perfectionist New Yorkers. This entails always keeping herself curious and au courant of what's going on around her, whether it's the lastest Xavier Dolan film or an expo at the Grand Palais. In the words of de la Fressange 'Always be in love with a man, a project, a home.' And when a woman is in love--no matter what age she is--it shows."
...sometimes I read Vogue
I interpret this to mean that you should have passions in life, and maintain and evolve them as you grow (older). Those passions will shine through in your engagements with others.
Wednesday, October 29, 2014
Cherish today
"Cherish the face you have today. It's the one you'l wish to have ten years from now."
-Caroline de Maigret
-Caroline de Maigret
Wait for another deal
"There's always another deal that's coming down the chute." Professor Charlie Wu received this advice from the head of Morgan Stanley's New York office when he first started there after business school. Morgan Stanley had just walked away from one of the biggest bond offerings in history because they didn't like the risks associated with it. It's better to walk away from a deal than take a bad deal due to pressures.
Ethical decision making
Many suggest you think about your decisions by imagining how you would feel if it was on the front page of The New York Times. Instead, I suggest that you think about your life as an HBS case, a case that will be taught at your 25th reunion. The audience will be your partner, your kids, and your friends. How would you feel about this decision then?
-Professor Charlie Wu, Real Property, 10/29/2014
-Professor Charlie Wu, Real Property, 10/29/2014
Contrarian
Always be a contrarian. A value investor who doesn't move with the crowd.
This is harder than it seems. Even large institutional investors don't look for value opportunities, but rather move where everyone else is moving.
This is going to require you to do your homework. To deeply understand your company, your industry, and macro trends. Otherwise you will be subject to the same rises and falls of the market that others experience, and you will not see the returns that value investors achieve.
This is harder than it seems. Even large institutional investors don't look for value opportunities, but rather move where everyone else is moving.
This is going to require you to do your homework. To deeply understand your company, your industry, and macro trends. Otherwise you will be subject to the same rises and falls of the market that others experience, and you will not see the returns that value investors achieve.
Learning to speak
To speak, you have to address three prongs.
First, you have to do your homework, so you understand situations deeply so you can ask rich and informed questions.
Secondly, you have to build the confidence that your question and opinion is important.
Lastly, you have to move beyond surface level thoughts and observations, and dig deeper to ask questions, first in your head and then out loud, to understand situations and not just make assumptions. That process of deeper thinking will allow you to move from observing others asking questions to actually asking questions yourself.
First, you have to do your homework, so you understand situations deeply so you can ask rich and informed questions.
Secondly, you have to build the confidence that your question and opinion is important.
Lastly, you have to move beyond surface level thoughts and observations, and dig deeper to ask questions, first in your head and then out loud, to understand situations and not just make assumptions. That process of deeper thinking will allow you to move from observing others asking questions to actually asking questions yourself.
Doing your homework and learning to speak
Feeling like you have to speak can cause you to say stupid things.
I see this play out again and again in class with others who are talking for the sake of participation points. They trip themselves up with ill-informed comments that invite criticism.
To have an opinion you have to do your homework. You have to deeply understand the underlying principles of the situation.
I struggle to speak in class. One part of that is related to confidence. But another part is in doing my homework. Not just my homework for class, but my preparation for moving into the business world in general. I need to be better prepared, and to be successful I will need to be the BEST prepared person.
Professor Arthur Segal said at a small dinner on 10/28/2014 that no one will teach you about the real estate business. Don't seek apprenticeship programs. You're going to have to teach yourself, and learn on your own just like you always have. Since he was speaking to a military student, he said "you'll have to teach yourself like you always have, maybe even how you literally taught yourself how to survive."
Professor Segal said, you know to know the deal better than anyone else. You have to read the leases, because no one else has. You have to meet the tenants face to face. You have to understand the financing structure.
I need to do my homework, be the best prepared person in the room, to ensure that I survive and thrive as I transition. Doing my homework will also give me the confidence to speak up, in class, in meetings, at social dinners, and elsewhere in a business context.
I see this play out again and again in class with others who are talking for the sake of participation points. They trip themselves up with ill-informed comments that invite criticism.
To have an opinion you have to do your homework. You have to deeply understand the underlying principles of the situation.
I struggle to speak in class. One part of that is related to confidence. But another part is in doing my homework. Not just my homework for class, but my preparation for moving into the business world in general. I need to be better prepared, and to be successful I will need to be the BEST prepared person.
Professor Arthur Segal said at a small dinner on 10/28/2014 that no one will teach you about the real estate business. Don't seek apprenticeship programs. You're going to have to teach yourself, and learn on your own just like you always have. Since he was speaking to a military student, he said "you'll have to teach yourself like you always have, maybe even how you literally taught yourself how to survive."
Professor Segal said, you know to know the deal better than anyone else. You have to read the leases, because no one else has. You have to meet the tenants face to face. You have to understand the financing structure.
I need to do my homework, be the best prepared person in the room, to ensure that I survive and thrive as I transition. Doing my homework will also give me the confidence to speak up, in class, in meetings, at social dinners, and elsewhere in a business context.
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