Did I “keep the trains running on time” in 2020? Yes
Do I know how I measure my performance? Yes
How was my performance? Satisfactory
Overall grade: A- (I wasn’t aggressive enough in the markets at the bottom)
Time for my first thread of 2021: Today, How I Measure Myself: a 2020 Report!
With some related thoughts on evaluating management and picking investment managers.
Important note: underlying everything that follows is integrity and trust. Without that, nothing matters.
Did I “keep the trains running on time” in 2020? Yes
Do I know how I measure my performance? Yes
How was my performance? Satisfactory
Overall grade: A- (I wasn’t aggressive enough in the markets at the bottom)
Emotional investment decisions tend to be bad investment decisions, but passion keeps somebody in the game - especially when things get difficult
Equally true for investment managers and company management.
Don’t want:
For example, any CEO’s (or investors) job is to allocate capital. Do they measure their effectiveness at allocating capital? How?
Don’t want: “Just need more money”
Few are excellent at both. For example, asset allocation vs trading. Or looking at different asset classes.
Am I humble enough to admit where my circle of competence ends? Do I partner/hire - especially outside that?
2020 grade: A
Important Note: Are incentives aligned up and down the organization for everyone’s success? Are these incentives clearly communicated?
Don’t want:
AKA: Am I humble enough to continue learning? Am I courageous enough to put innovations into practice?
2020 Grade: C+
I was adequate on the learning side (thanks to many of you), but I let fear prevent me from taking more risk.
For Me:
Incremental vs Exponential decisions/action
What kind of manager am I talking too? Is the incrementalism willing open to exponential threats/opportunities (and vice versa)?
Am I aligned with their philosophy?
Do I want?
It’s a big world out there. Am I a good husband/father/grandfather/friend and citizen? Do I genuinely try to help people?
Do I try to deepen and relationships that are important to me?
2020 Grade: A-
I’m not really into ESG investing, but I do believe in “do well by doing good.”
I don’t think that’s the reason to “do good” but I do believe doing good is simply the right thing.
The best success I’ve had with resolutions/goals/performance metrics has been with things that CAN’T be measured with a number.
Performance evaluation is more art than science
H/t @katiepwilles 😂😂😂
I’ve already failed one 2021 goal: eliminating my twitter typo’s, etc.
I can be better, and I will be better!
Here’s to 2021!
More from Life
Today is a day to celebrate love in our lives.
And here at ACLU-MA, we know that justice is a labor of love. Here are some of our favorite moments of love and justice in the last year, to brighten your #ValentinesDay.
💞👇💞
Almost exactly a year ago, our clients Hanz and Maudy were reunited after being separated by the cruel "Return to Mexico" policy.
And here at ACLU-MA, we know that justice is a labor of love. Here are some of our favorite moments of love and justice in the last year, to brighten your #ValentinesDay.
💞👇💞
Almost exactly a year ago, our clients Hanz and Maudy were reunited after being separated by the cruel "Return to Mexico" policy.
Yesterday, a family of asylum seekers were reunited. Hanz & his son were subjected to #MPP, a cruel policy that forced them into dangerous cities in northern Mexico. We sued on their behalf, allowing them to rejoin their family in Massachusetts. pic.twitter.com/Kce6MTpS9C
— ACLU Massachusetts (@ACLU_Mass) February 7, 2020
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THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK
The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.
The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.
"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs
Scholars believe word’s origin in Vedas,known as Swasti mantra;
"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"
It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".
SWASTIK’s COSMIC ORIGIN
The Swastika represents the living creation in the whole Cosmos.
Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.
The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.
"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs
Scholars believe word’s origin in Vedas,known as Swasti mantra;
"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"
It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".
SWASTIK’s COSMIC ORIGIN
The Swastika represents the living creation in the whole Cosmos.
Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
