Do follow our Facebook Page and be the first to read all the book summaries and blogs:
Intelligent Investor (👈 Link)
FALLING DOWN IS AN ACCIDENT, STAYING DOWN IS A CHOICE.
- INTELLIGENT INVESTOR
Learn to focus on the important things in life – and screw the rest!
We live in an era of opportunity. Whether we want to choose a career, a partner or the best
news source, we have a multitude of options available to us. So why isn’t it
pure bliss to be alive? Why are so many of us stressed out and unfulfilled?
After all, we should have everything we want.
Well, it is
because we are
trying to do it all. We have so many options open to us that we end
up concentrating on all our different choices and opportunities, all the time.
In short, we are spreading ourselves too thin and burning ourselves out.
Whatever you do in life will be a struggle, so you need to find
the struggle that’s right for you.
What do you
really want out of life?
It is not
such an easy question to answer, is it? Sure, many of us will claim that we
want happiness, a loving family and a job we enjoy, but these are pretty vague
ambitions. And vague ambitions are problematic because they won’t push you to
strive for success.
Unfortunately,
if you want to get anywhere in life, you will have to struggle.
Let us say
becoming a CEO is your goal. After all, being a CEO certainly sounds cool: just
think of all that power and responsibility. And yet, being a CEO is far from a
walk in the park.
CEOs
regularly put in 60-hour workweeks, they have to make tough decisions and they
need to be ready to fire people, time and time again.
Since the struggle is unavoidable, you have to find something worth struggling for. You
have to identify what you really enjoy doing. Working on something
that makes you happy means you will not only be undeterred by the constant
battle; you will start loving it.
The only way
you will get ahead is to find a goal that you want to struggle for.
However, it is equally important to say no to all the struggles and tasks that
don’t bring you joy.
Be ruthless
and stop chasing the things in life that don’t make you happy. Concentrate on
the few great things – and don’t give a fuck about everything else.
Suffering can lead to great things, but if you don’t have the
right values, you will never be happy.
Consider the
guitarist Dave Mustaine. In 1983, Mustaine was thrown out of his band. Seething
with anger at the rejection, Mustaine became determined to show his former
bandmates just how wrong they had been.
For two years
he worked relentlessly to improve his skills and find the musicians to make an
even better band. The band he went on to form was Megadeth, a hugely popular
band that went on to sell over 25 million records.
However,
despite the success of Megadeth, Mustaine still wasn’t happy. He continued to
judge his success against the achievements of his former band.
Unfortunately
for him, this band was Metallica. Because he compared himself to Metallica,
Mustaine considered himself a failure, in spite of his obvious successes.
Mustaine’s
persistent unhappiness highlights a common danger: measuring one’s success against the success of others.
For Mustaine,
the only way to feel successful was to be more successful than his
former bandmates, which meant he was doomed to disappointment.
It goes
without saying that you need to find healthier values to judge your
achievements.
So our values are more important than
success when it comes to happiness.
Many people tend to focus on shitty values, so it is important
to find some good ones to believe in.
We just saw
that measuring your worth by comparing yourself to others will only lead to
disappointment. And this is just one of many shitty values that can
derail you on your path to happiness.
Another
shitty value is using your material success as the yardstick for your life.
Whether it be-longing after a bigger car than your neighbour’s or flashing your
brand new Rolex, this value is incredibly common, and you have probably bought
into it at some point.
But it does
not lead to improved well-being. Studies have shown that once our basic needs
in life are cared for, extra wealth does not increase happiness. And chasing
wealth can even have a detrimental effect if we chose to pursue it over, values
like family, honesty or integrity.
These good
values should:
Be based in
reality
Be helpful to
society
Have an
immediate and controllable effect
Take honesty.
Honesty is a great value to live by because you can control it
(only you can decide to be truthful or not); it is based in reality;
and, because it provides truthful feedback to others, it is helpful.
Some other
values that fulfil these three criteria are creativity, generosity and
humility.
We often flee when our identity is threatened, but Buddhism can help.
Don’t you
just hate those annoying people who always think they are right?
Those smug the know-it-all who, even when you tell them they are in the wrong, simply won’t
listen?
Thank heavens
you are not like that yourself!
Well, unfortunately, knowing-unknowingly
you are.
From time to
time, we all suffer from the delusion that we are correct when we are not.
If you want
to avoid acting like this annoying people, you have to be willing to ask
yourself whether you are wrong, time and time again. Only by doing this can you
overcome those blind spots where you
wrongly think you are right.
This is not
as easy as it sounds; quite often, our false beliefs cover up our insecurities.
This means that, by constantly questioning our decisions and actions, we will
uncover uncomfortable truths about ourselves.
Luckily, practising
Buddhism can help:
Buddhism
teaches that identity is an illusion. Whatever labels you give yourself – rich,
poor, happy, sad, successful, a failure – are merely mental constructs. They simply
are not real and so we shouldn’t let them dictate our lives.
You must,
therefore, learn to let go of your identity.
Liberating
yourself from an identity can be a wonderful experience. For example, you may
have always considered yourself to be a career-minded person, and this has
meant that you have always put your job first, and your family and hobbies
second.
Free yourself
of this constraining self-image, and you will be able to do whatever makes you
happy, whether that be spending time with your kids or making model aeroplanes.
You need to
accept your mistakes and insecurities if you want to see positive change.
Luckily, you
do not have to fall into the same trap. By being ready to question your beliefs
and face your insecurities, you can behave in a healthier, happier way.
Romantic love can be destructive unless we learn to control it.
Romeo and
Juliet is perhaps the most famous love story in the world. And yet it is
hardly a happy one; it is a rather chaotic story, involving murder, exile and
blood feuds and it ends with both lovers committing suicide.
The tragic
tale of those star-crossed lovers highlights the destructive power of romantic
love. Studies have shown that passionate, romantic relationships have a
stimulating effect on the brain similar to that of cocaine.
That is, you
experience an intense high and then you crash back down. Then, you search again
for the high, though not necessarily with the same person – a recipe for pain
and anguish.
So what can
you do?
Should you
give up on the idea of romance altogether? Not quite.
Romantic love
can be either unhealthy or healthy depending on whether it fulfils specific
criteria. Unhealthy love happens when each partner uses the relationship to run
away from their problems.
For example,
they might be unhappy with their lives, and so they use their feelings for each
other as a distraction. Unfortunately, no one can mask personal problems
forever, and so this avoidance-as-passion inevitably turns sour.
Healthy love,
on the other hand, exists when both partners are wholly invested in the
relationship. Rather than using it as a distraction, they are devoted to each
other.
Rather than concentrate on their own feelings, each partner offers
support to their significant other.
However, this
support has to be desired. If a partner oversteps boundaries and seeks to
control the other, for example, looking to solve all their problems for them,
problems will arise. If one partner seeks to dominate the other, this is clear
evidence of unhealthy love.
Humans are terrified of death, and so they try to live on beyond
it.
You might not
like to think about it, but you are going to die one day. This uncomfortable
fact, and how we deal with it, has an awful lot to do with how we live our
lives.
To fully
understand just how much control death has over our lives, we can look to the
work of Ernest Becker. Becker was a doctor of anthropology and a bit of a rebel.
Although his
unconventional approach and early death limited his academic career, he did
write an influential book about dying, The Denial of Death.
In this book,
Becker presented two main ideas.
The first is
that humans are terrified of dying. Unlike other animals, humans are capable of
thinking about hypothetical situations.
We can
imagine what our lives might be like if we had chosen to study a different
subject in college, or, say, decided to be a pharmacist rather than a teacher.
This ability
to hypothesize has a downside too. We can imagine what life would be like after
we have ceased to be.
This brings
us to Becker’s second main idea – that, since we know we are doomed to die, we
try to create a conceptual self that will live on after our demise.
In other
words, we spend our limited time seeking out immortality, doing things
that will keep us alive through our work.
This dream of
immortality causes problems for society. People’s wish to fashion the world, or
at least a part of it, as they see fit has caused war, destruction and misery.
Moreover, it
is not healthy for us as individuals. The desperate urge to make a mark causes
us stress and anxiety.
Luckily,
there is a straightforward solution. We have to stop striving for immortality.
We need to stop “giving a fuck” about fame and power, and instead concentrate
on the here and now.
Look for
meaning in the present and seek to spread happiness and joy where you are.
And not
giving a fuck should not just be limited to thoughts of death. As you have
learned, trying to be all things to
everyone just leads to pain.
If you want
to pursue a happy life, focus on the things you enjoy, be it the joyful
struggle or a healthy relationship. Everything else is a pointless distraction.
I hope you loved reading this summary!
Please Note: I have omitted many key points and examples from the book, if you have liked the summary I am sure you will love the book.
Please go ahead and purchase the book and encourage the publishers.
Learn to focus on what is important for you, Remember you have limited time and trying to do everything and trying to keep everyone happy is beyond reality. So rather focus on a few important people and a few important things
Focus only on
the things that really matter to you, it is extremely important to say “NO!” to everything else.
FOMO – The Fear of Missing Out – keeps us
stressed, but the truth is, we will miss out on things no matter what. You cannot
have the perfect career, lots of family time and countless hours to
spend surfing waves on a sunny beach. It is more important not to miss out on
the right things.
Avoid finding happiness in material things, it is a never-ending vicious cycle. Example: If you buy the latest cell phone, (assuming it will make you happy, well it will give you temporary happiness) soon it will be outdated, and your friends and near ones will have a better and latest device. The only lasting effect is the damage it will do to your pocket.
Make it a habit to read regularly, it is food for your mind. The best part about being a community member of ‘Intelligent Investor’ reading is free and within your reach.
This is the 11th best-selling book that we have summarised before you sleep decide to read 2 points randomly form any of the blogs.
By doing this you will learn and update yourself regularly and this small habit will help you become a better person, change the old way of living and be more positive towards life over a period of time.
Dear Readers,
This blog is my personal attempt to help you. If you find this article to be helpful, kindly share it with your near and dear ones.
I would be very glad to hear your feedback, in fact, it will motivate me to continue my journey of, Blog and Teach.
Thanks for reading, I hope you apply some or all the lessons learned and become a better person consistently.
All the best!! 👍👍👍
Cheers 🍹
Hi,
ReplyDeleteMy message on intelligent investors FB are not answered, I assume you are busy also you have many followers now.
This is a wonderful book and you have summarized it so well and your presentation and images make it even more alive and fun to read. keep writing. World needs more people like you. Looking forward for your revert.
Thank you Sara,
DeleteMy apologies for the delayed answer on FB, its become a challenge to answer all the messages. However I am trying my best to answer at the earliest.
Thank you so much for your positive feedback.
It was undoubtedly worth reading. It's is rightly said we humans do things to impress others where we ourselves get stuck if cudnt live up to the expectations. It is always better to compete with our own selves and improve each passing day.
ReplyDeleteDear Neha,
DeleteReading your comment is not just a positive affirmation, but also insightful.
Thank you so much for your kind words.