I know a few things, but I still got a lot to learn.

“If you have a dumb incentive system, you get dumb outcomes.” The late Charlie Munger was endlessly quotable, but this pearl of pith from the famed investor is one that every manager should remember.

There are plenty of dumb examples to choose from. Some are apocryphal: the Soviet nail factory that produced a single, uselessly gigantic nail to meet ... See more

Often during busy days, breathing becomes shallow, using only the top part of the lungs. But the best oxygen exchange happens at the bases of your lungs.

Recognizing the space between stimulus and response, as psychologist Viktor Frankl observed, allows for choosing actions that reflect true intentions.