The greatest management principle in the world is: 'the things that get rewarded and appreciated get done.'

The greatest management principle in the world is: 'the things that get rewarded and appreciated get done.'

It's important for you to understand that stock and bonds go up-and they go down. You need to be comfortable with that fact.

The things that get rewarded, get done

Too many start up business fail simply because their owners continue to think and act like employees.

We know that by simply changing our allocation between stocks and bonds, we can lessen the amount of volatility in our portfolio until we reach our comfortable sleep level.

All of us live at the feeling level, and our feelings are in large part a result of the way we perceive things. You observe or are told something, you interpret it, and only then do you have a reaction at the feeling level. The point is that feeling is preceded by perception, and all of us are capable of controlling our interpretation [the associations and assumptions] of what we see. If we can control our interpretation, then it logically follows that we can exercise some control over our feelings as well.