Tag Archives: Silicon Valley

Quote of the Day 31 January 2014 – Compulsion

English: The photograph image of Nikola Tesla ...
English: The photograph image of Nikola Tesla (1856-1943) at age 34. (Photo credit: Wikipedia)

I am credited with being one of the hardest workers and perhaps I am, if thought is the equivalent of labour, for I have devoted to it almost all of my waking hours. But if work is interpreted to be a definite performance in a specified time according to a rigid rule, then I may be the worst of idlers. Every effort under compulsion demands a sacrifice of life-energy. I never paid such a price. On the contrary, I have thrived on my thoughts.
Nikola Tesla

 

 

English: *100 Serbian dinar banknote, 2006 iss...
English: *100 Serbian dinar banknote, 2006 issue, front. From the site of the National bank of Serbia (http://www.nbs.rs/) (Photo credit: Wikipedia)

Quote of the Day 29 December 2013 – Risk

Cover of "The Monk and the Riddle: The Ar...
Cover via Amazon

“In theory, the risk of business failure can be reduced to a number, the probability of failure multiplied by the cost of failure. Sure, this turns out to be a subjective analysis, but in the process your own attitudes toward financial risk and reward are revealed.

By contrast, personal risk usually defies quantification. It’s a matter of values and priorities, an expression of who you are. “Playing it safe” may simply mean you do not weigh heavily the compromises inherent in the status quo. The financial rewards of the moment may fully compensate you for the loss of time and fulfillment. Or maybe you just don’t think about it. On the other hand, if time and satisfaction are precious, truly priceless, you will find the cost of business failure, so long as it does not put in peril the well-being of you or your family, pales in comparison with the personal risks of no trying to live the life you want today.

Considering personal risk forces us to define personal success. We may well discover that the business failure we avoid and the business success we strive for do not lead us to personal success at all. Most of us have inherited notions of “success” from someone else or have arrived at these notions by facing a seemingly endless line of hurdles extending from grade school through college and into our careers. We constantly judge ourselves against criteria that others have set and rank ourselves against others in their game. Personal goals, on the other hand, leave us on our own, without this habit of useless measurement and comparison.

Only the Whole Life Plan leads to personal success. It has the greatest chance of providing satisfaction and contentment that one can take to the grave, tomorrow. In the Deferred Life Plan there will always be another prize to covet, another distraction, a new hunger to sate. You will forever come up short.”
Randy Komisar

Monk and the Riddle: The Education of a Silicon Valley Entrepreneur