July 7, 2013

Blackstone's Byron Wien: 20 Investing and Life Lessons Learned in His First 80 Years

This is great stuff. Expanded descriptions are available on Blackstone's website.
  1. Concentrate on finding a big idea that will make an impact on the people you want to influence. 

  2. Network intensely. 

  3. When you meet someone new, treat that person as a friend. 

  4. Read all the time. 

  5. Get enough sleep. 

  6. Evolve. 

  7. Travel extensively. 

  8. When meeting someone new, try to find out what formative experience occurred in their lives before they were seventeen. 

  9. On philanthropy my approach is to try to relieve pain rather than spread joy. 

  10. Younger people are naturally insecure and tend to overplay their accomplishments. 

  11. Take the time to give those who work for you a pat on the back when they do good work. 

  12. When someone extends a kindness to you write them a handwritten note, not an e-mail. 

  13. At the beginning of every year think of ways you can do your job better than you have ever done it before. 

  14. The hard way is always the right way. 

  15. Don’t try to be better than your competitors, try to be different. 

  16. When seeking a career as you come out of school or making a job change, always take the job that looks like it will be the most enjoyable. 

  17. There is a perfect job out there for everyone. 

  18. When your children are grown or if you have no children, always find someone younger to mentor. 

  19. Every year try doing something you have never done before that is totally out of your comfort zone.

  20. Never retire.