Showing posts with label Mojo. Show all posts
Showing posts with label Mojo. Show all posts

Wednesday, October 05, 2022

Reclaiming Mojo

A pivotal moment happened in my career when I had a particularly stressful month while on a roadshow to South Africa. I still remember it (and always will) as Red October. A big part of being client facing in the investment world is managing expectations. As a contrarian investor, there are regularly periods of (sustained) underperformance where the price disconnects from a deeply considered view of the value of the underlying businesses. My job was to explain to clients and advisers who were under pressure what we were doing with their money. 

One of the colleagues I was with also found it tough... and both of us “headed for the mountains” in different ways. He left shortly afterwards for a year and a half course, that trains you to be dropped anywhere in the world and make it out alive! I just booked a month-long yoga teacher training course I had had my eye on. Taking a whole month of leave seemed unfathomable, but it was over the new year, and my sanity had been pushed to an extreme where I needed this carrot to put one foot in front of the other. Fortunately, I was at the stage of my career where I could approve my own leave. Probably because they trusted me not to give myself four weeks, but a good friend reminded me that “sometimes it is better to ask for forgiveness than permission”. 

I also started renting a lock-and-go art studio at Wimbledon Art Studios. When I started work, I had justified my career choice by saying “it is easier to make money from maths and do art as a hobby than the other way around”... but work can be a time vacuum, and I hadn’t painted in a few years. I felt like I was losing myself and getting sucked into the anxiety of work. 2011 became my “year of the mojo” to reclaim my spark.



Monday, May 04, 2015

Three Second Rule

You earn the right to give feedback. You can attempt to do it before that, but it seems to me that that is wasted breath. There is a temptation to play the hero. We are all adults. We don't need fluff. Give it to me straight. I think you can do that once someone values your opinion and even then there is an element of balance required. You can't always be pointing out someone's faults. Emily Heaphy and Marcial Losada, via The Harvard Business Review, puts the 'ideal ratio' at around 6-1. I think many people's reaction to that figure would be a raised eyebrow thinking they are suggesting we should all be wrapped in cotton wool.


I think part of it isn't about the facts, it is about momentum. For momentum we need Mojo. We need to have a sense that some of what we are doing is worthwhile and valued. Taking criticism, even when valid, requires energy. If all you are doing is handing out and receiving punches to the stomach, then you are mighty impressive if you keep coming back for more.

If your culture is affected by the British stiff upper lip, there is certainly a part that wants to avoid things being false. There is a book I avoided reading for years because the title made me cringe. In fact, buddies used to use the title, without having read the book to tease people when they did something socially stupid. 'How to Win Friends and Influence People' feels a bit manipulative. Surely you would rather want to just be yourself and that should do the trick? Reading the book actually gave a lot of flesh to the backbone of Heaphy & Losada's work. A lot of what Carnegie says seems like common sense, but importantly it is common sense without the hero factor. People aren't heros all the time. We do get defensive. We only listen once you have won us over. Once you keep on our side.


Carnegie uses the example of Lincoln. Lincoln, he says, didn't admonish people. In a time of war, there were plenty of mistakes made. Lincoln would often get angry and write a heavily critical letter... then tear it up and start again. In a time of war, mojo is absolutely vital. If you are expecting someone to fight for you, mistakes they have made are almost irrelevant. It is what they do next that matters.

I am still in Australia, and met another cousin yesterday. I mentioned her siblings here (Barrack Bombers) and here (normalising suffering). They rock. Anyway, she is at the beginning of an exciting new business. While wandering the wine bars, craft beer breweries, and cheese bars of Newtown, Sydney we got onto the subject of the 'Three Second Rule'. If someone, within in three seconds of hearing what it is you do, responds with 'Have you thought of...', chances are you have. If you are trying something new, it is more than likely you have been thinking about it for years. At the very least months. But definitely more than three seconds. If someones stream of consciousness has made them immediately think of some essential feedback, slim chance it is vital and earth shattering. Earn the right to feedback by listening. I think the 'three second rule' is similar to the issue with feedback in general.


The 6 positives for every negative isn't an indication that someone is being balanced. It is an indication that someone is on your side. A really good friend who sticks by you through thick and thin is far more likely to find a receptive environment for pretty harsh (but true) feedback. A boss who makes it clear that you are valued, and that they trust you, is far more likely to be able to slip in valuable, rather than generic, areas for improvement.

Basically what I am saying is we aren't heroes. But we will fight and improve for people we care for. And Newtown has great cheese.