Hey Friends,
I think the world can use more humility.
A lot of people are suffering in 2020, but some of us have never been better. If you work or invest in tech (or both), especially SaaS, you may have had one of the best years of your life, financially.
Now, if that’s you, congrats! You’ve been putting in the work and the stars aligned for you this year. Just remember, this party won’t last forever, and ego is the enemy.
Be a humble winner. This should apply to all aspects of life, including when your candidate wins the election:
Can’t Stop, Won’t Stop
Vaccine optimism won't stop the Fed from buying bonds anytime soon. This means interest rates will remain very low, which is great for equities because investors have nowhere else to put their money. Don’t expect stocks to stop surging anytime soon. Fed chief Jerome Powell has stated multiple times that these rates will remain low until 2022.
Invest Like the Best
Deleting Facebook and Instagram was one of the best decisions I’ve ever made. I’m not vehemently against social media; I prefer to spend time where I get the biggest return on it. Earlier this year, I started following Puru Saxena on Twitter. He’s a retired investor who manages his own money and shares his insights publicly. You can view his most up-to-date portfolio and returns below:
His portfolio is up 471% this year, and he’s not a crypto guy. He only invests in hypergrowth businesses.
If you’re an investor and looking for new ideas or just starting to think about investing, I would highly recommend watching his most recent interview below:
Preferential Treatment Kills Team Chemistry
I’ve been fascinated by how much of a disappointment the Los Angeles Clippers were this year. I recently came across an article that gave the best explanation.
According to multiple league sources, the perks the Clippers gave Leonard and George began to compromise the standard of the culture they had built over the 2017-18 and 2018-19 seasons — the very culture that the Clippers used, in part, to attract Leonard and George to Los Angeles.
Some of those perks included:
• Leonard and George were the only players to have their own personal security guards and trainers.
• Leonard and George had power over the team’s practice and travel schedule, leading teammates to believe Leonard canceled multiple practices.
• Leonard was allowed to live in San Diego and commute from there, which often made him late for team flights.
I can’t imagine a better way to destroy the chemistry on my sales team than to start putting my stars on a pedestal. This article makes me feel like Kawhi Leonard is a horrible leader. If you’re the superstar, you’re supposed to be in the trenches with your teammates, elevating their game. This is what MJ would’ve done. This is what Lebron does. The next time someone mentions, Kawhi in the same vein as Lebron, I’m going to snap and lay the smackdown like Dwayne the Rock Johnson.
Thanks for subscribing to Growth Compound.
If you're interested in reading my other articles, visit my blog.
Bardia
Love the content!