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Byron Wien’s 14 Lessons from 80 Years in the Investment Business

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. Β 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.
  • Evolve.
  • 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.

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