BC LIFE
Saved by @jay_millerjay

Do you struggle with "office politics," like when Colleague got a promotion because they seem to have the same hobbies as the boss?

Do you have no idea how to play the game?
Do you recoil at the very word?

Then this thread is for you 👇

 First, what exactly is "office politics?"

The definition I'll go with is that it's the actions people take to advance the things they care about in the workplace.
These can be:

1) The company hitting its goals
2) The success of one's projects and initiatives
3) A promotion
4) A plum assignment or leadership role
4) A change in workplace culture, values or process
5) The advancement of a colleague / group of people
6) Personal reputation
If you read this and think, "hmm, this list sounds boring and not at all bad," I agree with you!

Office politics has a negative connotation but is simply another manifestation of humans being complicated and having multiple, sometimes conflicting desires.
Our workplace desires feel more more high-stakes b/c:

1) there is clear hierarchy + power dynamic (ceos, managers, etc)

2) how we perform at work impacts our self-esteem, identity, and ability to sustain ourselves

3) we spend 1/3+ of our waking hours in our workplace
What happens when our desires are in conflict with a colleague's desires?

For example, both of us are angling for one leadership role, or there's a fixed budget and I'm hoping my project gets more, which means yours gets less.

Someone (usually a sr manager) has to make a call.
Imagine I am pretty confident that me or my cause is the better choice. But I am not picked. How will I feel? There are 3 scenarios

1) I'm disappointed but accepting of the decision
2) I'm upset bc the decision-maker was unqualified
3) I'm irate bc the criteria was wrong/unfair
"This is some political bullshit" is often used to explain why we didn't get what we wanted when we are sure we are in the right, and we do not trust the decision-maker or the process.
Sadly, there are many instances when we *are* in the right, and picking us would have made the company better off. We *are* more qualified for the role. Our project *would* have made a more meaningful difference than the alternative. Our cause *was* more critical to address.
But because of the decision-maker's poor judgment or biases (whether intentional or unintentional), the objectively best decision did not get made.
A particularly irksome version of this is when we perceive someone to be pushing or deciding something because it's good for them personally, but is worse for the company. Like promoting a worse employee the boss is buddies with. Or funding a "pet project" that doesn't matter.
But too often (and I confess to having done this myself in the past), we may label something "political" simply because we disagree with the decision, even if the decision was made with great intentionality and care on the part of the decison-maker.
Sometimes, decisions are made against us that are not personal. As much as we don't like to admit it, maybe there's a good reason we weren't picked for the role. Or maybe that "pet project" we think is stupid is a reasonable bet to make if we had all the context.
If you find yourself frustrated with office politics, the following may help:

1) Ensure that you know how your manager + their managers define success. Ask in 1:1s if this is not clear.

2) Make sure your manager understands how *you* define success.

3) ...
3) Communicate your case clearly. Write an e-mail, prepare a deck—do what works best for you. Always tie your case to what you understand success to be for your manager / their managers.

4) Continually hone your communication skills. It is a key advantage.

5) ...
5) Ask for explanations to decision-making processes when they don't go the way you expect

6) Ask yourself: did the decision-maker intend to do what they thought was best for the org?

7) If 6 is yes, ask yourself: do I trust the decision-maker's abilities and their values?
If your answer to 6 or 7 is no, the environment probably feels toxic to you, and you should try to get out.

Otherwise, make sure your perspective has been heard, and trust in the process. Don't take the decision personally. Disagreement isn't a bad thing; we all learn from it.
If you're a leader of a team frustrated w/ office politics, try the following:

1) Walk the walk + talk the talk in putting the company's goals above your personal goals

2) Create transparency around the process ahead of a decision. Eg what is the criteria for promotion?

3)..
3) Explain decisions thoroughly, especially the controversial ones.

4) Build trust with your team. Care about them. Understand their personal goals. Show up like the imperfect human you are. Open yourself up to feedback.

5) Repeatedly tell your reports how you define success.
If people trust you, and they trust the decision-making process, then they are more likely to trust your decisions, even when it differs from theirs.

(Fin.)

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Naval
@naval
How to Get Rich (without getting lucky):

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.

Ignore people playing status games. They gain status by attacking people playing wealth creation games.

You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
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Steve Stewart-Williams
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THREAD: 12 Things Everyone Should Know About IQ

1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE


2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less. https://t.co/UqtS1lpw3n


3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)

(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)


4. IQ predicts many important real world outcomes.

For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3


5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)
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Bayo Adeyinka
Bayo Adeyinka
@greaterbayo
The Law of Trust

“I’m not upset that you lied to me. I’m upset that from now on I can’t believe in you”- Friedrich Nietzsche

Sometimes in October, I received a call from a former client who had been out of the country for almost a year.

He is not a Nigerian but had just secured an appointment with a company. His first statement was “Bayo, I need to pick your brain on this because with you I know where I stand. I know you’ll not deceive me”.

After our discussion, he told me he had already informed his Chairman that their banking relationship had to come to me. I’ve signed it on since.

I’ve had cause to reflect over his statement many times since then. Here was a man whom sometimes I had very difficult conversations with. I’ve had to tell him no when I knew his requests were not possible. Sometimes, the relationship was stormy.

I never fail to tell my colleagues that the major currency for transaction is integrity and this will only be sustained in an atmosphere of trust. Never lie to customers in order to make a sale.
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Nicholas Clairmont
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@NickClairmont1
Stick with me for a story about how the logic of lockdowns can turn into something really sinister.

It begins with a Golden Retriever named Neesha

Neesha and her little pup sibling Harley were lost on an hike, taking in the outdoor air in the Wicklow Mountains.


If you've never been to Ireland, you should understand that these are 1) right near the city where most of the country lives and 2) the most beautiful thing you've ever seen


The dogs had bolted, and the owners had only ben able to find Harley. They thought Neesha was dead. But miraculously, two doctors on a hike in Wicklow found Neesha almost two full weeks later


She lost a third of her body weight, but now she is at home, snuggled up and warm with her family.
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E-go Driven
E-go Driven
@EgoDriv
Instead of today's thread, let's have some fun

1 RT = 1 Life Lesson

First one is on the house.

-Thread-

Those you trust the most are those in the best position for betrayal.

Active listening is a false God.

Most people will waste your mental space.

If you want to say "no", dont use any other word.

Seeking approval is the first step to auto destruction
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Again sharing bank nifty intraday weekly straddle. How to play by selling straddle.
Mostly will work on Monday to Wednesday. Sometimes on Friday.
Why to pay your money to learn this if u can get it here.
U need only practice.
Let’s go.

Say bank nifty future is at 32000.
Sell both 32000 call and put.
Considering current volatile market lest say premium on Monday morning is 350 on both sides.
Sold with 700 points combine premium.
If bank nifty will trade in narrow range say +\- 100 hold it.
If moving 200 points

then exit previous sold straddle. Sell new one. Let’s say BN moved +200
Now sell 32200. If bank nifty will move here within range then u will get profit through theta decay. Follow same procedure for next 150-200 pts move.

This is only for single straddle sell position.

Now in second case sell three straddle. 31900/32000/32100
In case of 100 points move no need to change.
If 200 + then future is 32200.
Exit 31900 and sell 31200 straddle.
If moving another 100 then exit 32000 and sell 32300. Continue same with 100 points move.
If no move then

it will consolidate between 32000-32200 or 32100 to 32300 and u will get theta decay.

This is for normal move. Sudden big move may come anytime. So keep SL in system.
If u r selling at 350-350 then keep SL in system 475 for both legs.
Practice it. No need to attend webinar.
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How to sell option?
Here let me explain through simple math.
Say BN at 30000
30000 straddle trading at combine premium 800 ( based on current volatility)
Put at 400
Call at 400
You don’t know direction. Sold both.

If move will not come than both will decrease gradually.

At day end it will come down to 720-740 if move will not come. Difference is your profit.

Now case 2:
Move started.
At one points combine premium will start increasing.
Say 810.
Exit immediately. No need to do adjustment.
Let market settle.

Sell again straddle once market settle.
Now repeat same thing.

Straddle selling webinar over.
Good luck.

One can keep SL 550 for both strike to escape from sudden movement.
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