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- FASTer - Issue #43
FASTer - Issue #43
Every one is used to meetings, events and conferences. Most waste time, most can be a call an action time an email or at best a 5 minute interaction exchange or even online content consumption. But some meetings and events are way more than just basic. If you ever wondered how the rich and famous stay relevant and how the uber wealthy remain at the top of their game. The reason is they have curated the art of meeting, to set an agenda or agendas and drive value for their own kind.
The billionaires of the world may disagree and compete with every one around them. But once or a few times a year they collude and agree on the things that make them richer. Have you heard about these meetings/events?
• WEF @ Davos
• Bilderberg meeting
• SunValley conference
Here is what their textbook write ups say about them:
The World Economic Forum is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab.
The Bilderberg meeting is an annual conference established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally to prevent another world war, is now defined as bolstering a consensus around free market Western capitalism and its interests around the globe.
The Allen & Company Sun Valley Conference is an annual media finance conference hosted and funded by private investment firm Allen & Company.[1] The conference has taken place in Sun Valley, Idaho for one week each July since 1983. The gathering typically includes major political figures, business leaders, and figures in the philanthropic and cultural spheres
Here is what allegedly happens at these events
Outcomes
How you do one thing is how you do everything!
That's why you should make sure to give 100% at everything you do… otherwise you will end up living in mediocrity
The person you will be and the outcomes you will achieve in five years or ten or twenty depends on:
People you choose around you today(*your circle of relevance & learning
Content you choose aka the books you read
Food that you put in your body
Actions you take today and the plans you align to
Habits you build today
The unlearning you can do
Net Net your outcomes are a product of your actions. Have the right actions to drive the right outcomes.
Some thing Ive learnt and witnessed over the years, Champions & successful people do consistently what average people do occasionally.
Best kept secret or little known fact:
No one feels MOTIVATED everyday.
If you want to be great, you keep showing up regardless of feelings
Consistency > anything.
Keep showing up keep doing, keep trying= Keep Winning
One New Thing (That I Learnt today)
#Reading: 3 in 4 #Pakistanis (75%) claim not to read any #books at all; only 9% are avid #readers.
(GALLUP & GILANI PAKISTAN POLL)httpgallup.com.pk/reading-3-in-4…p
— Gallup Pakistan (@GallupPak)
8:00 AM • Apr 18, 2019
This has to change for our outcomes to get better. If you or a loved one like to read but has no access to books because they are expensive or limited in selection. Give this Pakistani Startup a try, The Readers Club. They are an online book delivery service/library that allows you to pay a monthly subscription and get books delivered to your doorstep, you read the book, then call in and they come pick it up and bring you a new one. Check out their Plans here.
Boring stuff that Scales
Be a deal maker vs and order taker.
Baader-Meinhof Phenomenon (Frequency Illusion)
It's the difference between something actually happening a lot and something you're starting to detect a lot. Baader-Meinhof phenomenon, or Baader-Meinhof effect, is when your awareness of something increases. This leads you to believe it's actually happening more, even if that's not the case. ... frequency illusion.
Have you ever bought a new cell phone and all of a sudden you see those phones everywhere!
Your brain largely ignores the hoards of phones you see and yet once you purchase a new phone, your brain adjusts, adding the model to its list of things to notice.
We’re bombarded with information every single second — so your brain chooses what to let through. What does this have to do with deals? Well, something magical happens the more you learn about buying businesses and doing deals. You over index of finding the right opportunity and learning about it.
It takes time to learn to be a deal maker, my journey is no different. Same middle-class Pakistani virtues. I understood there was more to life than working 60-100 hours a week, was a slave to my paycheck, in a classical nightmare relationship. Basically, I felt like I wasn't even in charge of my day to day not to mention my life even though I ran large corporation and crazy sized P&Ls . Despite years of schooling, lots of hard work, and a pretty cool life In the corporate world and investing from the outside and changing and turning around the outcomes of other peoples business, I asked my self "what value was I creating for my self".
Mind you this is when I was 10+ yrs into my career. I did some entrepreneurial ventures, mostly as a passive advisor/investor. I felt thats what I enjoyed more.
It was also a chicken and egg situation, without real world experience, Could you really do some thing on your own? Let alone advise people. So eventually there comes a time when you have the experience, you just have to decide when that time rolls around to act on it.
I began to think like a dealmaker some years ago. I started finding and binding. Meaning i'd find a small boring biz, with a cash flow and bind my self to it. Not sexy startups, but boring businesses. So for those of you who think you want to do the same, it's easy but it takes commitment.
1) Find your first deal
2) Do not invest more than 10% of your money in it, but invest some time/expertise for the remainder
3)Find an operator who can do the heavy lifting that you can guide and align with
4)Build a business plan that has a path to 1-5k USD of cash flow in a business no one else wants to do or cares about.
How to think about building boring for scale:
Boring can lead to being a billionaire. The best sub category in the Forbes billionaire list is one of folks in the sauce business. No inter galactic launches no high-speed rockets no new tech. Soy Sauce. The hustle is real.
— Faizan Siddiqi (@faizansiddiqi)
6:40 AM • Nov 8, 2020
What you should be watching/reading
You must invest the 18 mins this video runs, to know and understand the gaps in your life that lead you to lying. A must read for your outcomes to be truthful.
Liespotting: Proven Techniques to Detect Deception: Meyer, Pamela: 9780312611736: Amazon.com: Books — www.amazon.com
Liespotting: Proven Techniques to Detect Deception [Meyer, Pamela] on Amazon.com.
Monetize your time
On random days, I think to my self another day as an adult without using the Pythagorean Theorem. Clearly somethings amiss.
How much of what we’re taught in school is used once we leave school? 50 or 60%
Perhaps. 10% maybe?
Time for a refresher perhaps? Or go after things that we now care more about after experiencing them?
The fastest path to better outcomes and monetizing your time happens when you learn as you do vs attending classes only, but classes help. This is a fantastic talk to get some insights in to whats coming and what we need to do change it. As a builder you must monetize your time by knowing the difference between system builders and free thinkers vs the rote learners.
Have an open mind to monetize your time. The IIT network has an open learning portal where you can register and learn pretty much any thing you desire. Take a look here.
Made in Pakistan
Cat Litter at http://klumpy.pk/
Ahmad Saeed & Co Pvt. Ltd. was incorporated in 1964 and it is the largest producer of bentonite, industrial and drilling chemicals in Pakistan. We have built a progressive culture in our firm that is based on R&D, investment in people, long-lasting relationships, and ethical work practices. Ahmad Saeed is an ISO 9001:2008 certified company and quality is fundamental to our philosophy. In 1990, ASC received American Petroleum Institute (API) certificate and over the years, ASC has also received a number of other awards for its product quality and innovation. Ahmad Saeed has an extensive processing and storage facility with total area of 175000 sq ft including covered area of 12000 sq feet. Our head quarter is in Lahore. We are also the largest bentonite leaseholder in Pakistan with 9 leases and capacity of mining over 36000 tons annually, which can be increased according to requirements.