These discoveries are not limited to academic research. Recent book “Richer, smarter, happierVeteran financial journalist William Green takes advantage of hours of interviews with highly successful investors. Crowds.
However, counter-intuitive sub-themes also emerge: his themes tend to take breaks and vacations and create space in life at a decisive distance from the daily work cycle of the 21st century. Many, including Warren Buffett’s longtime collaborator Charlie Manger, emphasize that they make time to ponder quietly. For Manger, that means ignoring the latest market news and crowd noise and instead exercising extreme patience.
For Laura Geritz, CEO of Rondure Global Advisors, one of Green’s interviewees, this means taking time to sit by streams and journals. Green points out that developing “regular meditation practices” has become a “mission-critical habit for many successful investors.”
In an interview, Mr Green said it was neither a retrofit, a hobby, nor a personal wellness tactic. It is a reflection of the “ruthless pragmatism” that made his subjects the first to succeed. That is, they found the ethics of rest in the eternal hunt for the edge. It’s almost an “anti-cultural” move, Green said. “I don’t think we can ponder life without this structuring,” he said, when everyone is constantly pinging and responding to short-term stimuli. Told.
Similarly, in his book, Fitch and Frenzel take rest and recovery very seriously for well-known athletes like LeBron James, who treat it as part of their regimen. He points out that it is not an escape from. The same should apply to many professionals and knowledge workers, Fitch said. Many managers and employees are obsessed with outdated thinking that values long working hours above all else. “The amount of input doesn’t matter,” Fitch argues. “It’s the quality of the output.”
The good news is that at least some businesses are starting to take vacations seriously. First, according to Fitch, some have admitted that the popular gesture of unlimited paid vacation among employers trying to address this issue doesn’t really work. It can feel like another responsibility, and no one wants to be a holiday employee.
Recently, the following companies LinkedIn And Roblox We experimented with forced leave for all or most employees in the form of a “spring break” period. Such actions that emphasize the value of vacation represent a “serious” change, Fitch said. Both he and Frenzel are tech entrepreneurs, playing with software tools that help HR department take vacations for employees.
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