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Avoid Shiny Outcome Syndrome

By justin Welch 

Shiny Outcome Syndrome means being distracted by someone else’s outcome and losing focus on why you’re doing what you’re doing.

Don’t focus on someone else’s money or company size or follower count. We’re all running different races, and some of us started a long time ago.

Instead, ground yourself in the why.

What is your mission? What are your values? Why do you get up each day and work on the things you work on? Why are you building the business you’re building?

I got Shiny Outcome Syndrome in May of 2022 and got completely off track in what I was doing.

Going for the bigger, the better, the grander, instead of just doing what I really want to do: run a profitable business that helps people and helps me spend my time with my family.

Don’t try and be a better version of someone else.

Be the best version of yourself.

My notes:
Run your own race!

Being Wise

Alain de Botton : The School of Life 

Attain Wisdom: Philosophy teaches us to be Wise!

Realism : The wise rarely expect anything to be wholly easy or to go entirely well.

Appreciation : Wise people can know how to draw the full value from the peaceful and the sweet, whenever and wherever these arise.

Folly : Whatever be the wisdom, Humans are never far from folly. They are unsurprised by the coexistence of deep immaturity and perversity alongside intelligence and morality. We are barely evolved apes. 

Humor : Wise take the business of laughing at themselves and their conclusions.

Politeness : Wise are aware that it is difficult to change people's minds. They will search for what people have common in them than for what seperates. (I am reminded of the Venn Diagram - 2-circle- one representing me - other representing the Other person - both of whom operating under the framework of system defined by the rectangle - I need to focus on overlapping zone - AnB-Zone!)

Self-acceptance : Wise have made peace with the yawning gap between how ideally they want to be and what they are actually like. They have shed so much pride.

Forgiveness : Wise are slow to judge and anger. Most hurt is not intentional but a byproduct of    the constant collision of blind competing egos in a world of scarce resources. They feel less persecuted by aggression and meanness of others.

Resilience : Wise know how much can go wrong and things will just be livable.

Envy    The wise don't envy idly, realizing that there are some good reasons why they don't have many of the things they really want. Wise appreciate the role of luck and don't curse themselves overly at those junctures. 

Success and Failure : Many fundamentals remain unchanged in success and failure. This is both cautionary for those who succeed and hopeful for those who won't. Success and Failure is another byproduct of Modern consumer capitalism.

Regrets : are unavoidable; They arise because we all lack the information we need to make the choices in time-sensitive situations.

Calm : Wise know that turmoil is round the corner! A day without anxiety is something to be celebrated. 

The Happy Person!

 

The Happy Person!

Seneca : pg.64 : Letters from a Stoic

Teach us that Happy person is

Not to whom the crowd deems happy

Not in whose coffers mighty sums have flowed

But whose possessions are all in his soul

Who is upright , exalted , and spurns inconsistent

Who sees no man with whom he wishes to change places

Take nature for his Teacher

No violence can deprive of his possessions

Who may be moved by force but never to distraction;

When even Fortune hurls his deadliest missile , May never wound!

Convert Opinions into Facts

 

Convert Opinions into Facts

Pg.69 : Seneca : Letters from a Stoic

People trust and attach to opinion rather than looking into Facts; rather than testing out their opinions;

Why? Because fact assessment takes guts ; Fact assessment takes effort.

And when it comes to dealing with others , you can give out opinions but you cannot convince enough;

If there is one take away from my MBA course: it is the following:

 However good your opinion may sound – its not good enough – unless you test it out

So I am proposing a opinion tester tool that the statisticians use :

  1. Take the opinion
  2.  Form Null and Alternate Hypothesis

a.       Alternate Hypothesis : What you think is true? - Ex., I have to buy that Property due to it potential value increase in 5 years

b. Null Hypothesis : Not enough data to prove Alternate Hypothesis 

3. Collect Data

4.Do the experiments to verify 

5.Prove / Fail to prove Alternate hypothesis

Opinions are merely pet-peeves or quibbles , unless you test , test and test!

The Power of First Principles

The Power of First Principles! 

By Ozan Varol

Distil a system into its core ingredients and build it back-up in a different way

Ex., Fuji Film Company:

Leaders at Fuji asked themselves : "What are the first principles - core competencies of the company that can be repurposed in a different way - What other industries could benefit from what we can offer?"

In case of the Fuji Film company, the same anti-oxidants that protected the photographic film from harmful UV Rays could do the same for the human skin - so Fuji , the photo film company diversified into cosmetics business!

Now Ozan Varol's core-competency is story-telling!



What then needs to be valued?

 What then needs to be valued?

Clapping of Hands ? No,No and No ! or Clapping of Tongues ? No, No and No!

 "Reputation and glory - the most useless , worthless and counterfeit coins that circulates among us "

Montaigne - On Solitude

What will people say? It is the single most anxiety which is at the bottom of all that feeling of self-importance!

"Look at deeply at people who may admire or criticize you - and their sources of motives and opinions. Analyze deep into that. Then you will not blame them when they offend you or will wish for their approval"  - Marcus Aurelius

Aspire to Deeds

Not to Fame

Prefer to be first in Reality

rather than in Name

Cicero: Duties : 1.65

My Notes:

Fame and Name

are part of Finite game

where the Games finish

But players move on!


rather play Infinite game

Focusing on Deeds, and reality

where the players are Finished,

but the  game (of life ) moves on!

 

Necessity, Luxury and Superfluity!

Avoid Superfluities at all costs

Montaigne - Desires                                 

 

Necessity

Luxury

Superfluity

Natural

Air, Water, Food,Relationship 


Artificial

Clothing, Shelter, Learning, Employment


Bungalow,
Car,
Position 

Reputation, Glory, Rich, Power                

Pleasure and Sobriety

 Seneca : Epistles : 59.15

Drunkenness pays for a single hour of hilarious madness

with a long-lasting sickness (hangover!!!)

Applause and Enthusiastic popularity and approval that are gained

and atoned for:

at cost of great mental disquietude!



Always be researching

 "I can't begin  to tell you the things, I discovered while I was looking for something else" Motley Fool

Research- to collect stories and data to marshal your argument 

Now you.may not get enough in that topic

But as you research- it leads to byways - and

Side- tracks and parallel roads that

Give you enough information to share;

Ryan Holiday blog

Mindset@Work

 @ShreyasDoshi


Everything seems simpler than it truly is

When you are not the one working  it.

Everything seems complex  than it truly is

When you are  the one working  it!!!

Approval and Criticism

 What others think of me seem to be the most prominent thought running in most of us - Approval and Criticism

pg.185: The Practicing Stoic - Ward Farnsworth

Stoics instead suggest this : "Instead of chasing the mob's opinion, develop a greater respect for one's own opinions -

and practice valuing things for what they are

rather than what anyone else thinks about them

According to stoics, others opinions are Externals

both approval and criticism - we cant control - 

According to Stoic Principle - Dont worry about things outside your control

What you can control is your deeds - determined by your Reason

Always work according to Reason - not according to Pattern

"I have never worked to satisfy the crowd; for what I know they do not approve; and what they approve, I do not know" Seneca

"As an Orator, write a good speech, commit to memory, and deliver well - what else do you expect? Praise by audience? Avoidance of blame? Do you know what they truly involve? 

Epictetus : Discourses: 2.65


Story of Greed

Dave Chappelle, the American Comedian,  recounts the below story of greed and how one needs to guard against it!

"I watched one of these Nature shows one time, and they were talking about how a Bushman entraps a Baboon,"

"And they do what's called a salt trap. I didn't know this, apparently baboons love salt. So they put a lump of salt in the hole and they wait for a baboon. The baboon comes, sticks his hand in the hole, grabs the salt, the lump of salt makes his hand bigger and he's trapped, can't get his hand out."

"The baboon could let go of the salt easily and take his hand out - and - find an escape out of being trapped...but he does not and gets trapped"

What a beautiful lesson here for all of us! What you think?

everything in moderation

 Everything in moderation and nothing to the extremes!

Epictetus : Enchiridion 15:

Behave in life as you would behave in a banquet

suppose something is passed around and is across from you.

reach out your hands and take some politely.

it passes by. don't hold it back.

dont stretch to reach it. let it come to you!

behave this way towards Life, Children and Wealth

you will be worthy to be a fellow banqueteer of Gods!


Detachment

 Ask yourself this : 

How will you enjoy when you are possessing it? and time afterwards!

Epictetus : Enchiridion 34

Don't just be carried by pleasures - just as other impressions

Take care that the charming pleasure and attraction do not overcome you!

Say, you hold a position - Guard yourself - of the pride , charm, pleasure and attraction - of that position ;

Imagine the day that you may not have it

you need to ensure that your identity does not merge with what can be taken away by fortune!

rather your identity must merge with something that cannot be taken away - like being a coach, mentor , teacher;

Hold only to things that cannot be snatched away by Lady Luck!

Pyrrhic VIctory

Adam Smith : Theory of Moral Sentiments 

Pyrrhus, The King of Epirus, was consulting with his advisor Cineas about the conquests that he proposed to undertake

Cineas : "What does your Majesty propose to do then?"

Pyrrhus : "I propose to enjoy with my friends , and endeavor to be good company over a bottle"

Cineas : "What hinders your Majesty from doing so now? "

From Pyrrhus, comes the expression : Pyrrhic Victory : A victory not worth winning - because of its cost

ie., the cost does not justify the benefits

Cineas :Whom do you want to conquer : Persians, Romans and Macedonians?

Why don't you conquer instead: Avarice, Ambition, Fear of Death?



Anti-Goals : 7 Mistakes to Avoid in New Year:

Looking forward to the New Year, the year end reflections -Past Year Review (PYR) - are  much better than New year resolutions merely because its more personal and actionable! 

@AdiVerma has written a fantastic post in Twitter  on his 2022 reflections:

Here is my summary of it: 

  • Mistake 1: Try to do too much – Quantity over Quality
    • Lesson : Do Less , Do better
  • Mistake 2 : Focus on repetition , and not iteration – not following on feedback
    • Lesson : Iterate more through- Listening, Reflecting and Correcting
  •  Mistake 3 : Jumping around a lot- Shifting projects / investments midway!
    • Lesson : Shut up and Be Patient! (@MorganHousel – The Psychology of Money)
  •  Mistake 4 : Procrastinating – not converting the ‘spark’ quick enough – that they got doused by Time
    • Lesson : Increase speed!
  •  Mistake 5 : Comparing myself to others!
    • Lesson : Rather learn from others who are better than me! – How do they do create this magic?
  •  Mistake 6 : Avoid Failure – to avoid looking stupid!
    • Lesson  : Messy action is better than none!
  •  Mistake 7 : Focusing too much on outcomes – Success, rewards and other tangibles!
    • Lesson : Focus on the outputs (Iterate) that you produce – Outcomes shall follow if you do it right!
What are your PYRs?

Duty and Character

 Value the  people according to their character , not according to their duties 

Seneca ,Letters from a stoic

He is a fool 

That purchases an horse

For its saddle and bridles 

And not for its strength and speed

He is a fool that values a person

For her clothes or ranks

And not the character!!!

Dealing with wealth and pleasure

 The Practicing stoic 

Ward Farnsworth 


How to deal with wealth and pleasure?

Through moderation and detachment 

Everything in moderation and nothing to the extremes ...Robert Schuller

Detachment: holding things lightly,  without clutching at it or grasping at it;

Patanjali Yoga Sutra

AbyasaVairagyabhyan TanNiroddah

Restraint comes from detachment and  Practice.

Imagine them to be absent

 Plutarch - on  the tranquility of mind

How desirable is health to the sick

Peace for those In wars

Friends and acquisition of reputation,  to the unknown stranger in city

For then we realize

The importance of things we already possess

That we otherwise take for granted !

(Think this way and develop gratitude!!!)

We should sometimes look upon our possessions in the light in which they would appear if we had lost them

Schopenhauer: on relation to ourselves 

Dont spoil what's here

By longing for what's not here

Realize that

These too were things to be prayed for!

Epicurus , Vatican Sayings




Desire

 Solving the equation this way, from Right Hand Side( RHS), rather than the left is the standard stoic procedure.

Pg.139 practicing stoic, Ward Farnsworth 

Standard way:

I have a desire ( LHS) -> attaining it will change my happiness     (RHS)

Stoic way: question the RHS

Do you actually need the desire?

How can you learn to leave without it?

How can you learn to live with what you have today?

Seneca also talks about this in Bookkeeping:

Are you worried about how many are ahead of you? Just think- how many are behind you? See back ; look back; observe;

Tamil poet kannadasan talks about this :

வேண்டுà®®ென்à®± மனம் விà®°ிவடைந்து கொண்டே போகிறது 

போதுà®®ென்à®± மனம் சாகுà®®்வரை வருவதில்லை

There are no limits to desire

Lack of contentment even at life's brink

ஆசை நின்றவுடன் சுயதரிசனம்  

சுயதரிசனம் பூà®°்த்தியானவுடன் ஆண்டவன் தரிசனம்

Self awareness shows up at end of desire

Godliness shows up at completion of self awareness 

Turn your prayers this way

 Marcus Aurelius 

Meditations 


Desires can be addressed in two ways

One to go after them

Another to work on your judgment that

This desire will not make you more happy

My notes:

Work on your opinion that Desire is required

Remove the desire from the list;

Instead of chasing the next million, think how to live with the current riches 

Instead of fearing about job loss, think of how not to be afraid of losing your job

Instead of the next promotion,  think of how to be contented with your current

This is what is called Turn your prayers this way!




The difference

 Avarice overrates difference between poverty and Riches

Ambition overrates difference between private and public statuses

Vain Glory overrates difference between obscurity and Reputation 

Leading to only more miserableness in life

While all we need is

A well-defined mind

Equally calm,

Equally cheerful ,

Equally contented!!!

Adam Smith

Theory of Moral Sentiments

Out of the comfort zone

 David Bowie

If you feel safe in the area that 

You're are working on

You are not working in the right area;

Go a little further into the water 

than you are capable of being in

Go a little bit out of your depth

 and when you dont feel that,

Your feet are quite touching the bottom, 

You are just about the right place 

To do something exciting;

David Bowie


Writing tips from Paul Graham

 1. Write a bad version 1.0 as fast add you can

2. Rewrite- over and over ( writing is rewriting!)

3. Cut out everything unnecessary😎

4. Write in conversational tone

5.  Use Footnotes to contain digressions

6. Read aloud what you have written

7. Accumulate notes for topics you plan to cover

8. Write for the reader who won't read as carefully as you do 

9. Print out drafts and read

10. Conclude with a surprise!

Pitch for Shape-up

 (Source basecamp.com ryan singer)

5 Ingredients 

Problem: what motivates us to work on this?

Appetite: how much time we want to spend on this and how it constraints the solution  -this is the conc ept of Return on Effort

Solution: The core elements we came up with  presented in a form that's easy for people to understand (fat marker sketches)

Rabbit holes: details about the solution worth calling out to avoid the problems (patch out rabbit holes)

No gos: anything specifically  excluded from  concept : intentionally fit the appetites or make the problem more tractable 


Slow and Fast

 Slow is smooth

Smooth is fast ...Navy Seal Motto

Dont hurry, Be quick!

I am resonating smooth with friction. 

Friction happens when body interacts with environment...

Reduce the speed first

Be slow - to be smooth

Slowly smoothen out the sharp points 

And then move fast!!!



Real

 World of senses  -World beyond senses

Changing                       - Changeless

Finite                               - Infinite 

Manifest                           - Unmanifest

Bound                               - Unbound

Form                                 - Formless

Tangible                            - Intangible 

Material                             - Spiritual 

Scarce                                 - Abundance 

Seperate                            - Unite

Divisible                           - Indivisible 

Part                                     - Whole

Unconscious                     -Conscious 



Explorers of Consciousness

 The world of senses is just  a base camp

The wider field of consciousness is our native land;

we are not cabin-dwellers

born to live cramped and confined-

We are meant to explore,

to seek, to push the limits of potential

as Human Beings-

(by exploring the topography of consciousness)

dictated through sacred texts - Upanishads, Bible or the Koran

The Upanishads

Eknath Eswaran

BrahmaVidya

 The Upanishads focus on the medium of knowing 'Mind'

Sages of Upanishads - show a unique pre-occupation 

with states of consciousness-

Since consciousness - is the field of all human activity

outward as well as Inner-

Experience, Action, Imagination, Love, Knowledge 

a science of consciousness holds out promises

of central principle that unifies all of Life!

The Upanishads

pg.22 BrahmaVidya - Supreme Science


The Supreme Science

 "What is that by knowing which we can know

the nature of everything else? " 

Answer is Consciousness

You study consciousness through 'Brahmavidya' - Supreme Science

Brahmavidya is not an intellectual study

but a 'lab science' where the

mind is both : "An object and Laboratory" 

Attention is trained inward 

through a discipline called - 'Nidhidyasana' - Meditation

pg.22 The Upanishad

Eknath Eswaran

Wooden Elephant

மரத்தை மறைத்தது à®®ாமத யானை

 à®®à®°à®¤்தின் மறைந்தது à®®ாமத யானை 

பரத்தை மறைத்தது பாà®°் à®®ுதற் பூதம் 

பரத்தின் மறைந்தது பாà®°் à®®ுதற் பூதமே  

திà®°ுà®®ூலர் 

திà®°ுமந்திà®°à®®் 

Thirumanthiram by Thirumoolar


The Child looks at the toy elephant carved from wood

The kid sees only the elephant; not the wood

A carpenter, on other hand, looks at the toy elephant 

And notices only the quality of the wood

and not  the figure carved

We ignorant children are aware of only Five constituent elements

and not the Lord who has manifested the world -

A Jnani  (Saint) - sees only God in everything

unaware of the material world as we see it!!!


Thirumanthiram by Thirumoolar 

(Tamil Literature)

Scarcity and Abundance

 Materialism leads us to loose awareness of our Inner life-

which is bad enough-

But to be hypnotized by our own feeling - and sensations

and forget about others and the world around us is worse!!!

My Notes:

Materialism reinforces - the "paradigm of scarcity" ; we are doomed to fight one another for ever-diminishing resources)

Spiritual economics begins not from assumed scarcity of matter but from verifiable infinitude of consciousness -

"Then the well spoke to me

It said : " Abundance is scooped from abundance-

                    yet abundance remains"

                        - Anne Sexton

Who am I?

 

The body is the first of many layers - of the Human Personality

You are not the Body

You are not your mind - any more than you are not the physical body

You are not "I" - (Ego!)

You are the Self - Undifferentiated Consciousness

The Upanishads

Eknath Eswaran

What is Education?

 "The faculty of voluntarily bringing back a wandering 

attention over and over again is 

the very root of judgment, character and will -

An Education that should include this faculty would be 

the education par excellence !" William James

Training the mind and mastering the life - have pivotal connection-

This education par excellence - is what is called "BrahmaVidya"

pg. 28 The Upanishads 

Eknath Eswaran

What is meditation?

 Meditation is not reflection -

or any other kind of discursive thinking-

It is pure concentration:

training of the mind to dwell on an Interior focus

without wandering 

until it becomes absorbed in the object of its contemplation

The object being :

consciousness itself ,

which means all the senses close down- 

and as the concentration deepens-

a state of intense inner wakefulness-

Insights emerge!!!


pg.25 : The Upanishads 

Eknath Eswaran

Science and Spirituality

 Tolstoy scrutinizes his own blind spot as he considers the mutual blindness of the reconcilable fact of our materiality and our hunger for meaning.

" Normally, people (myself included) who recognize the spiritual life as the basis of life - deny the reality, the necessity, the importance of studying the physical life, which evidently cannot lead to any conclusive results. In just the same way, those who only recognize the physical life completely deny the spiritual life and all deductions based on it- deny, as they say, metaphysics. But it is  now absolutely clear to me that both are wrong , and both forms of knowledge - materialistic and metaphysical - have their one importance; if only, one does not wish to make inappropriate discussion from the other. 

From materialistic knowledge - based on observations of external phenomena- one can deduce scientific data- generalization about phenomena - but one should not deduce any guiding principle for people's lives - as materialists - Darwinists for example - often tried to do; 

From metaphysical knowledge - based on inner consciousness - one can and should deduce the laws of human life - How should we live? why are we living? - the very thing that all religious teachings do;but one should not deduce - as many people tried to do - laws of phenomena and generalizations about them. 

Each of these two kinds of knowledge has its own purpose and its own field of activity"



Being Alive

 I hope there are days when

Your coffee tastes like magic

Your playlist makes you dance

Strangers make you smile and

The night sky touches your soul.

I hope you fall in love with

Being alive again.

Awareness

 Control the senses

Purify the mind


In a pure mind

There is constant awareness of the Self

Freedom ends bondage

Joy ends sorrow 


Chandogya Upanishad 

Eknath Eswaran 

3 states of consciousness

 Upanishads state that there are 3 states of consciousness 

Waking, Dreaming and Dreamless states

Like a fish swimming between the banks of river, human moves between the states of waking and dreaming 

Atlast,  like a tired eagle returning to its nest at last, 

We find our true home in the eternal self

The source of all awareness!

Self enters  state of Dreamless sleep-

Where one is freed from all desires!

The Upanishads 

Eknath Eswaran 

2 principles

 The universe is founded on two principles 

1.Rita - Law,Order or regularity

            Without it no moral or scientific discovery is possible

2.Yajna- Sacrifice 

Universe runs on renunciation 

The sacrifice of personal gain 

For sake of something holier and higher

If Rita is the moral law

     Yajna is the human response to live in accordance with the Law


Chandogya Upanishad 


The essence

 "Let us meditate on Om, the imperishable

The beginning of Prayer"


Chandogya Upanishad 

The Principal

 As bees suck nectar from many a flower

And make their Honey

So that no drop can say

"I am from this flower or that"

All creatures, though one, know not that are that One

There is nothing that does not come from him!

Of everything he is innermost Self!

He is the Truth!

He is the Self-supreme!

Chandogya Upanishad 

Desire and Destiny



A person is what his deep desire is

It is our deepest desires in this life

That shapes the life to come!

So let's direct our deepest desires

To realize the Self!

The Upanishads 


Writing Template

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source: medium ; Ellen W