2017 Daily Reads: Dalio and Drucker

Two books made a big impact on my year in 2017, transforming my thinking. One for a massive amount of new insights and the other for improving my thought patterns.

Both books I’d buy again and give away—both are now open on my reading table each morning.

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A photo of two books that became a daily ritual in 2017.

The Daily Drucker by Peter Drucker (2004)

(Edited by Joseph Maciariello—note: Drucker died in 2005, soon after this book came out.)

Here’s an example of a daily insight I wrote about: A Decision Without Action Is Only a Hope.

This book is now a “daily devotional” for me; less holy scripture and more mindset for effectiveness in business, life, relationships. The improvement on my thought patterns was immediate: I noticed the ideas and principles coming up in daily work and life conversations, the mindset for effective time tracking and outward focus on contributions accelerated my career growth, and I deepened my understanding of business and how best to run an organization.

My all-time favorite — now well-worn and bookmarked — is September 4, “Practices of Effective Executives.” A distilled summary from his bestselling book of the same name.

The September 4 “Daily Drucker” reading details the five practices for effectiveness: 1) know where your time goes 2) focus on outward contributions 3) build on strengths 4) concentrate on superior performance and 5) make effective decisions.

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A photo of the Daily Drucker reading for Sept. 4th, with a handwritten card I used to hold the spot.

Which ties perfectly into Ray Dalio’s masterpiece where decision making is a key theme.


Principles by Ray Dalio (2017)

See a brief example of the insights I gained: Synthesis: Navigating Levels Effectively.

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A photo of the Principles book open to page 336; talking about meaningful work and relationships.

As I said in the beginning, this book hit me with a wall of new insights. I’m still processing it after 3 reads! Hat tip, Matt.

Top highlights of the book for me:

A winning formula: meaningful work + meaningful relationships + making a living. This ties in well with the freedom and mission that WordPress and Automattic stand for—a livelihood for anyone in the world with a website, blog, or shop.

Good principles are effective ways of dealing with reality.

Beware ego block by remembering that you’re looking for the best answer, not simply the best answer that you can come up with yourself.

Use pain to trigger quality reflections, learn what causes your pain and what you can do about it. This is the most effective habit Ray developed over 40 years.

Practice being open-minded and assertive at the same time, and think about your and others’ believability when deciding what to do. Find the most believable people possible who disagree with you and try to understand their reasoning.

Ideas versus decisions. Meritocracy is for hearing everyone’s voice — not for everyone making the decision.

You’ll find much, much more in the book; see also the book’s website: principles.com and social media. On LinkedIn Ray’s been sharing the most popular principles as readers give him feedback — with short audio clips.

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A screenshot of Ray Dalio sharing a top insight from his book, on LinkedIn.

I suggest buying both electronic and the hard copy. In 2018 I’ll share more thoughts and insights from the book, plus share experiences and learnings from putting the principles into practice.

What were your top books from 2017? Did anything become a must-read or daily habit?

On Self-Management and Energy

My word of the year for 2017 seems to be energy — some days I have, some days I have not. With clear results depending on the day and my energy level.

The following thought comes to my mind each day as I face the first decision of the morning: get out of bed and exercise, meditate, and read — or sleep in and feel more rested?

Use energy to get energy. George Leonard in Mastery

In the past my decision hinged on whether I thought one choice or the other would lead to a better Lance-at-work or Lance-at-home. Of course the right answer is both (chuckle).

Here’s the full quote.

The long road of always learning trumps a quick-fix mentality. To avoid burnout use energy to get energy, maintain physical fitness, tell the truth, set priorities, and stay on the daily path. Find joy in goalless practice itself. The plateau isn’t something to avoid; in fact, it’s one of the most important parts of the journey, and where you’ll be the happiest.

 

energyLike skipping meals, missing key rituals I’ve set up to start each day — habits that provide me with energy — means that I don’t perform at my highest level. High as measured by my presence and output at work. Not to mention the negative effect on my relationships and mood and self-esteem resulting from a lack of energy.

I’ve deepened my understanding of what this “energy” means. Leonard’s Mastery taught me about giving energy to get energy. How to Think About Exercise by Damon Young reminded me that fitness can bring much more than just bodily pride: it leads to intellectual and spiritual results: “We shouldn’t exercise only for health.”

This year another thoughtful deep-dive on energy came my way in The Making of a Corporate Athlete (2001) via Matt and Cate.

Extensive research in sports science has confirmed that the capacity to mobilize energy on demand is the foundation of IPS [ideal performance state].

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Screenshot of an oldie-but-goodie HBR article. (And ,where would be without this treasure trove?).

The sports metaphor is appropriate. As knowledge workers we also train, exercise, and grow. Here are my takeaways from the research:

  • Energy is defined most simply as “the capacity to do work.” Training starts with the physical level because the body is the primary source of energy and “the foundation of the performance pyramid.”
  • The enemy is not stress but linearity: the failure to oscillate between energy expenditure and recover. And stress can be a motivator and positive thing. I recommend looking up eustress if you want to learn more. “The problem is not so much that their lives are increasingly stressful as that they are so relentlessly linear.”
  • Physical stress can be a source of greater endurance as well as emotional and mental recovery: work fewer hours and get more done. In one case a manager saw success by increasing the good kind of stress in her life. “Because [Clark] no longer feels chronically overburdened, she believes that she has become a better boss.”

View the full article for the visual description of the “High Performance Pyramid” — for now, here’s how I understand it:

The performance pyramid is a mental model of energy, starting at physical and moving to cognitive, and finally to spiritual. Connecting everything with a higher purpose.

Thriving, With Room for More

The calm and quiet at the end of year is a great time to evaluate progress, see what’s working well, and what’s not working. I love that Cate posted her Habits that Helped in 2017.

Her words reminded me of a lovely message I received from a Top Performer survey:

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Screenshot from a Top Performer survey. I’m mostly thriving with more room to thrive.

Microsteps, eh? Mmmkay.

One small yet impactful change I’ve made successfully in the last several years is focusing more on my health and wellness as a foundation for focus and energy at work. “Use energy to get energy” as George Leonard says in his book Mastery. [I’ll share more thoughts on energy — and that quote — in another post.]

These “Top 5 Listicle” articles are a dime a dozen, but this one from Inc sticks with me: increasing employee productivity starts with you as their manager.

You must thrive personally in order to lead others effectively,” she said, “whether you’re a top-level executive or lead a team. Kerry Alison Wekelo, Actualize Consulting

 

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Screenshot from an Inc.com listicle on productivity.

Our teams, our company, our customers — and our family and friends — need us to be strong and on our feet. Ready to tackle the next challenge.

Penny Allen on Key Traits of Technologists

 

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Penny Allen, quality lead for Recreational Equipment, Inc. (REI) inspired me with her keynote at PNSQC as she described six key traits of a technologist.

  • Curiosity beyond “what does it do?”
  • Inventive problem solver
  • Self-driven learner
  • Coherent communicator
  • Open-minded but practical
  • Adept at finding the signal in the noise

View the full video of her talk: Quality Engineering 2017: Trends, Tricks, and Traps. This slide appears at 32:42.