Delayed gratification

Delayed gratification refers to resisting the temptation of an immediate reward to obtain an improved reward in the future. It’s about sacrificing a little satisfaction today to increase your quality of life tomorrow. It’s about being able to trade happiness today for more happiness in the future.

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The foundational elements of effective leadership

One of my goals this year is to write a handbook on leadership. I’m woefully behind, so this article is an attempt to force some progress. I’ve spent a good bit reading about and taking notes on leadership over the last year. As of now, I think effective leadership is made up of four core elements: personal credibility, self-confidence, judgment, and an ability to inspire and sustain cooperation. What am I missing?

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Incentives matter

There are few forces more powerful than incentives. Incentives drive thinking and behavior. To understand someone’s thinking, you must understand their incentives. When you encounter a behavior problem, trace the incentives and you’ll often find the root cause. Incentives are the invisible cause and behavior is the visible effect.

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