“If you can project yourself out to age 80 and sort of think, ‘What will I think at that time?’ it gets you away from some of the daily pieces of confusion.” – Jeff Bezos, on his Regret Minimization Framework Bezos recalls how he made the decision to leave his cushy hedge fund job to start Amazon. He used what he called the “Regret Minimization Framework” to think of himself at age 80 and imagine […]
It’s been almost 9 months since my last personal finance update. You can see all my past personal finance updates right here. Over the years, I’ve gone from talking about personal finance tools to focusing more on asset allocation, the investment decisions I make with my money. Note: All content here is for informational purposes only and do not constitute any investment advice. Please do your own due diligence and make your own investment decisions. […]
There’s momentum and energy in the air at Barrel. And it’s not only because we launched new work for clients or won new business. It’s the result of committing to big goals, making hard decisions, and following through on proposed changes. It’s operating from a mindset of “why not?” and “why not us?” vs. one of fear and scarcity. It’s taken me and Sei-Wook nearly 15 years to find our way to where we are […]
“The historian always oversimplifies, and hastily selects a manageable minority of facts and faces out of a crowd of souls and events whose multitudinous complexity he can never quite embrace or comprehend.” “Obviously historiography cannot be a science. It can only be an industry, an art, and a philosophy—an industry by ferreting out the facts, an art by establishing a meaningful order in the chaos of materials, a philosophy by seeking perspective and enlightenment.” (Will […]
Even after all these years, it still stings when I learn that a Barrel team member has decided to give notice and move on from the company. There are many reasons why people leave, but I can’t help feel like we’ve let them down somehow. It stings the most when I first hear the news because my mind races towards thinking about all the things we failed to do to keep that person. With time, I chill […]
I spent a cloudy Saturday afternoon analyzing the stocks in my various brokerage accounts and decided to emerge with a clearer idea of my investment approach moving forward along with some “spring cleaning” to-dos that will consolidate my portfolio. A Bit of a Mess The best way to view my portfolio was to use Personal Capital (disclosure: referral link), which pulls in all my portfolio info from across all my investment accounts, and open up the […]
This is the 3rd edition of Recent Stock Buys, where I share my thinking behind recent stock purchases. Disclaimer: I’m not an investment professional, so please don’t take any of these posts as investment advice. I’m simply looking for ways to get good returns while learning about businesses. Intro I was hoping to ease off on the buying in March and adopt a more “watch and see” attitude after heavy activity in February, but as the market slid and […]
There’s the oft-referenced story from Art & Fear: Observations on the Perils (and Rewards) of Artmaking by David Bayles and Ted Orland, taken from the section on “Perfection”: The ceramics teacher announced on opening day that he was dividing the class into two groups. All those on the left side of the studio, he said, would be graded solely on the quantity of work they produced, all those on the right solely on its quality. His procedure […]
It’s been over half a year since I started writing these and looking back on my previous posts, it’s incredibly humbling to see that the ideas I felt so sure and optimistic about at the time didn’t pan out the way I thought. Likewise, there are areas that I felt we had largely figured out or were trending in the right direction but in hindsight, it looks like we’re still trying to find our way. […]
“Deliver quality work and the client will be happy” is something I used to tell myself and our team members at Barrel over the years. Upon deeper reflection, this isn’t necessarily true. In recent years, we’ve talked more and more about the “client experience” – what it looks and feels like from the client’s perspective to work with an agency like Barrel. Do they feel like they’re taken care of? Are the cadence of communication and […]
I’d like to think that I live a happy and blessed life. And on most days, I feel pretty good. However, I would be lying if I said things were always smooth sailing. Like most others, I have my darker moments and they come at unexpected times. I wanted to catalog some of these (along with how they spiral down a darker place) and also share some counters that have been helpful for me to […]
A company’s culture is never a finished product. It continues to evolve with time as new rituals emerge, as the nature of the work changes, as personnel come and go, and world outside of work brings in new influences. I’ve seen the culture at Barrel evolve through the years with its highs and lows. There were moments when things clicked and we felt we were on an unstoppable rocket ship. And then there were times […]
This is the 2nd edition of Recent Stock Buys, where I share my thinking behind recent stock purchases. Disclaimer: I’m not an investment professional, so please don’t take any of these posts as investment advice. I’m simply looking for ways to get good returns while learning about businesses. Intro I freed up some cash in January by selling out of my REIT and bond positions. With REITs, I felt that commercial real estate will only suffer more […]
My brain’s been on fire the past couple of months as I’ve been processing and applying concepts from a few books that have resonated deeply with me. They are: The Courage to Be Disliked by Ochiro Kishimi and Fumitake Koga, The Three Laws of Performance by Steve Zaffron and Dave Logan, and An Everyone Culture: Becoming a Deliberately Developmental Organization by Robert Kegan and Lisa Laskow Lahey. A common theme that runs through these books is […]
Refreshed and back from the holiday break, it’s been a very fast-paced and intense January. Let’s jump in to episode 5. About Agency Journey: This is a monthly series detailing the happenings of my agency Barrel, founded in 2006. You can find previous episodes here. Highlights A Week of Looking Ahead The week of January 11th was a crucial “planning” week to help us prioritize initiatives and set goals for 2021. One session, two and half hours long, […]
Intro I’m starting a series to share my stock investments and what was going through my mind when I bought them. I’m hoping that over time, I’ll be able to revisit these posts and see what I got right and what I could have assessed differently. I’m not an investment professional, so please don’t take any of these posts as investment advice. I’m simply looking for ways to get good returns while learning about businesses. […]
Having a system for keeping track of my daily habits and goals was vital in keeping me grounded and feeling relatively in control in 2020. I wrote more extensively about the mechanics of my tracking approach in my Q1 2020 Habits & Goals Report Card and showed how it looked again 6 months later. In 2021, we’re expecting our 2nd child, and I’m eager to see how well the system holds up and evolves. If […]
One question that’s kept up coming up again and again in my mind the past few weeks has been: “Are we in a better place than we were a year ago?” In other words, what kind of progress have we made? One bit that’s been a damper towards the end of the year has been the slowed momentum in new business won and receivables collected in Q4. While we’ll finish the year slightly above where […]
A few years ago, I wrote about how knowledge workers, like basketball players, ought to have a set of basic skills (e.g. shooting, dribbling, passing, etc.) that apply to their daily work and how mastering these fundamentals can make them more valuable team members (view original post here). These are hard skills that can be improved with better technique and repetition and are less about having deep experience, subject matter expertise, or intangibles like charisma […]
At the start of this year, as we became more diligent at Barrel about tracking certain business development metrics, our Partner and Creative Director Lucas Ballasy wondered if it could be helpful to come up with a scoring rubric for new leads. The thinking was that, over time, a data set would emerge and offer some potential insights while making the exercise of qualifying leads less intuitive and more rigorous. Lucas and I quickly mocked […]