Blog

Last week, Citigroup announced that they are appointing Jane Fraser to be CEO. She will be the first woman CEO of a major Wall Street investment bank. Jane was actually the very first person I ever worked with at McKinsey. She was my first manager on my first engagement during my first week at the [...]

One of the ways to have power and influence in an organization is to become a trusted advisor to someone in a position of power. This usually involves providing immense value to your client, members of your professional network, your boss, your peers, or peers in other departments that are one or two levels above [...]

Warren Buffett’s right-hand man is Charlie Munger. I’ve read transcripts from several of Munger’s speeches, and I really love the multidisciplinary way he approaches investment decisions. When he cites the idea of market niches as a way to build a durable competitive advantage, he borrows that concept from the field of ecology. In nature, it’s [...]

In industry, whether your ideas get taken seriously depends on more than the quality of your thoughts. If the receptionist shares an idea and the CEO shares the exact same idea, more people will take the idea seriously when it comes from the CEO. Most people intuitively grasp that the last sentence is true but [...]

When you’re an interesting person, people want to connect with you. They want to work with you, hang out with you, or work for you. Candidly, being interesting is a major advantage in both your personal and professional lives. An interesting person can’t easily be categorized, stereotyped… or ignored. When you meet an interesting person, [...]

I get a lot of emails from people who are totally new to the world of business. They want to learn everything they need to know, and they want to learn it fast.My advice is usually to start reading The Wall Street Journal, Forbes, and Fortune magazines while Googling any terms or concepts you don’t [...]

Most people see the world through the lens of success vs. failures, or winners vs. losers. While our world certainly has competitive aspects to it, it’s worthwhile to ask the following: Is it useful? Is it useful to think in terms of success versus failure? Is it useful to think of winning versus losing? Regardless [...]

The other day, someone asked me about how to be more emotionally resilient in the face of obstacles and failures. While being completely immune to disappointment isn’t realistic, I do think it’s possible to reduce its impact on your life by 80% to 90%. My working process is that all disappointment comes from… expectations. If [...]

A few weeks ago, I posted the following real-world situation as a case competition: You’ve been hired by an industry association representing the 3,000 colleges located in the United States. Due to COVID-19, nearly all universities in the United States will be conducting classes via video conference at the start of the new academic school [...]

Risk is defined as the statistical probability of a negative event occurring. When you walk across the street, there is a statistical risk that you may be hit by a car. Whether you are aware of the risk or not is irrelevant. The math still applies. Whether you believe the risk is real is not [...]

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