Mindset needed at the Board Room by MIT Monk

These are the things we need to be qualified for the Board Room

1.  Find the missing note  the ghost note  (the missing data)

    Ask for the data that you do not see.    E.g.  the bombers that made bank saw the bullet homes decided to provide armor for the 

   Upgrading your mind for data that do not show up.   

   Look behind the curtain and do nto look into things that are shown.  Be curious

   Look at the silent ghost.

   How the 1%  must think

2.  Optimize mistakes

     Learn from mistakes.  Mistakes and learning from them create new neural networks.    Those who do not make mistakes plateu

   1.  Define metric -  What does better  mean -   faster, better, more accurate, 

    2.  Define the outcome

    3.  Deliver

    4.  Find exact failure point

    5.  Change one thing iterate  

3.  Find the hard.  

     Explore difficult challenges and learn from this  Say difficult nego.

     Stay with it.  

     High tension conversation:  how to navigate hard conversation nego later

     1  From people to facts ;  where do we suggest  we change 

     2  Lesson the tension   are we with you or against us

     3.  No poinitng fingers   -  we want to work together

     4.  Acknowledge their presence;   appreciate what you are doing.  We care about the outcome and you

      Later you will be known as the person 

 4.  Time horizon - say  7 years.   Your action differs if you think long term

      Beams from dining room;  started to rot  The original architect all ready grew the oak so that the beams can be made in the future.  Cathedral thinking. 

     Hedge funds investors invest in long term.  Warren Buffett focussed on the long term.    40 years that passed is very fast

               90 day timeline -   be visible

              12 - 18 months -   decision that willl contribute to the company

              5 years be visionary

             ARE YOU PLANTING FLOWERS OR TREES.  ?

 5.  Your identity  -  you can architect  what yourself 

     Getting more than you deserve

      Deserving more than you get

     When you make a decision?    

     1  What will I be if I make decision?

     2  Is it a decision that is safe but will not make your better.

     You do not see around the corner.  You were made to make the world better.

     You will be better You will be for the world that will be better

     You will be better if someone believe you and sponsor you

Important learnings at MIT that makes their alumni entrepreneurs and CEOS

Be better than before, than yesterday...

The author became a MULTIMILLIONAIRE.  Do you want to be one.  Just like him ?  (He became CEO of his company.)

I worked under one such grad when I became an EVP of Savings and Loan Assocation.   I used to hate him, but adjusted him and we became a friend in Land Rover club where we now show our own vehicles and as equals.  Learned a lot from him on leadership and management

Learning from MIT (an Ivy League School)

1.  Understand and love the system

 There were many hacks committed at the top of dome of MIT:   cars assembled on top, flags, and many more done by the students.  They beat the system and they had fun.

    You must love the system and then have fun.  You cant beat and hate the system.

(We have people who say we dont have system.

    Be even able to hack the system.  (Many do cross the line and become criminals.or our competitor)

2.  Firehose test.

    Students were exposed to loads of work that they cant seem to finish.   This develops ingenuity of what should          be finished.   You ask the question, how can I cope?

    It develops ingenuity.  

    1.  Time management

    2.  Prioritization

    3.  Cooperation and collaboration

    Effort  is NOT EQUAL TO  PURPOSE.

     Purpose is:

                 1  Impacful

                 2  Important

                 3.  Irreversible

   We have recruits who complain at slightest hint of hard work, and complexity

3.  Find the first principles

     Problems, challenges can be daunting.  Especially innovation.  Find the first principle.   Break down everything into basic parts.    And then it becomes easier.

     Steps:   Find   1.  Facts

                            2.  Aspiration (your goals)

                            3.  Do tests (experiments)

      Elon Musk used this in changing the business/rocket science.   He found out that

      single use rocket launches are very complex and expensive (NASA made it so)  and found out that rocket                  launchis only 2% of what NASA spends.  And from therEM built a multi million Space ex business

 4. Mind and hand approach

     Being practical.  Leave the academic and book part.  Do something practical

     FInd the MVP (Minimum Viable Product and improve on this)  An MVP is better 

     than no product at all.  You can improve a prototype but not on nothing.  Do it now 60% is better than doing it

     105% tomorrow

     Practice

     1    Building the product

     2.   Test

     3.  Go to the first principle

      At MIT they have a one month period where students do this to present to the VC.  And they end up owning new venures, financed by Venture Capital

  5.  You do not graduate alone even if you are the smartest guy in the room.  

      You need a team, you need collaboration. you need a mastermind.  though

     how smart you are.  John Maxmell term it as the Law of the Lid.  All of major

     discoveries and invention now are results of team effort.

     This idea makes you humble  and become less of pain in the ass. of others.    Your group becomes better

     and successful.   

Think and its shall happen Think about your reality - Nuero science

Be better than before, than yesterday...

This post read in an FB post about neuro science, things CIA wont tell you.  It is about your brain being programmed in 24 hours to see reality as the brain sees it in and not matching reality.  This can be used in creating spins and recruiting agents or conspirators.  There are several steps:

1.  Write down what you want to see

2    Read it aloud 

3.   Sleep on it.

There are several names given to this by experts:  sublimimal  autosuggestion.

Thus when an Indian soothsayer predicted that I would create wealth for family that would last for several generations my brain, or I sincerely believed that is true.  And my body worked hard for it for the last 40 years.  And they all came true.

All things that were created came from your mind other peoples mind. 

Do you have similar stories?

What unfair advantage you could have to be rich

Be better than before, than yesterday...

There is actually none.  You create your own advantage:

There are 3 things:

1.  Model   - find a new environment to learn what you have not learned before.  The similar environment can not give you that opportunity.  

2.   Mimic similar experience.    Get experience.    Pick up the phone.    Make the call.  

3.   Master.   Excel in what you are good at.  Just a little bit better.  Multiply yourself




It is great that I had the same initial experience.    Being a pharma rep.