Productivity Growth and the Quest for Self-Actualization
It’s often said that art imitates life. A natural, albeit less sexy, extension of that truism is that economic progress imitates life. Three main forces drive the economy: (i) the short-term debt cycle, (ii) the long-term debt cycle, and (iii) productivity growth .
Stoicism in 2020
“The more I learn, the more I realize how much I don't know,” – Albert Einstein.
I’d expand on the above to say the more I find my voice, the more terrified I am to say anything that matters. The first ~7.5 months of 2020 have been the most tumultuous, rewarding and challenging months of my life, with some of the highest highs and lowest lows I’ve ever experienced. This personal and professional rollercoaster of emotions was driven by many of the same events most of us have encountered in 2020 as well as for a number of deeply personal reasons. Hopefully one day I’ll find the strength to write about these experiences, but for today I’ll instead focus on the Stoic philosophy which has helped me to deal with them all.
Benjamin Franklin’s 13 Week Challenge
Today, May 1st, presents the opportunity for new beginnings. State governments have started to ease social distancing restrictions so that society can start returning to some semblance of normality - whatever that “new normal” may be. I’m using this reopening as an opportunity to replicate Benjamin Franklin’s secret of success.
The Autobiography of Benjamin Franklin: Chapter IX
Plan for Attaining Moral Perfection
It was about this time I conceived the bold and arduous project of arriving at moral perfection. I wished to live without committing any fault at any time; I would conquer all that either natural inclination, custom, or company might lead me into. As I knew, or thought I knew, what was right and wrong, I did not see why I might not always do the one and avoid the other. But I soon found I had undertaken a task of more difficulty than I had imagined. While my care was employed in guarding against one fault, I was often surprised by another; habit took the advantage of inattention; inclination was sometimes too strong the reasons. I concluded, at length, that the mere speculative conviction that it was our interest to be completely virtuous, was not sufficient to prevent our slipping; and that the contrary habits must be broken, and the good ones acquired and established, before we can have any dependence on a steady, uniform rectitude of conduct. For this purpose I contrived the following method.
How I Raised Myself from Failure to Success in Selling: Chapter 34
Benjamin Franklin’s Secret of Success and What It Did for Me by Frank Bettger
This chapter probably should have been in the beginning of the book, but I have saved it for the last, because it is, perhaps, the most important of all. It is the track I ran on.
I was born during the blizzard of 1888 in a little row house on Nassau Street, in Philadelphia. On both sides of our street there were lamp-posts about every fifty yards. As a small boy I can remember watching every evening just about dark for the lamplighter who came through the street carrying a roaring torch. He stopped at each lamppost, reached his torch high up into the lamp, and lighted it. I usually watched him until he disappeared from sight, leaving a trail of lights behind him so that people could see their way.