Byron Wien’s been in the business a long time and he’s amassed a lot more knowledge than most of the rest of us. His recent list of lessons is worth having a look at:
- Concentrate on finding a big idea that will make an impact on the people you want to influence.
- Network intensely.
- When you meet someone new, treat that person as a friend.
- Read all the time.
- Get enough sleep.
- Travel extensively.
- When meeting someone new, try to find out what formative experience occurred in their lives before they were seventeen.
- On philanthropy my approach is to try to relieve pain rather than spread joy.
- Younger people are naturally insecure and tend to overplay their accomplishments.
- Take the time to pat those who work for you on the back when they do good work.
- When someone extends a kindness to you write them a hand-written note, not an e-mail.
- At the beginning of every year think of ways you can do your job better than you have ever done it before.
- Never retire.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.