Jennifer Baez

Relational power is the power to receive and absorb influences from others in a generous way, and then to respond with creative generosity, guided by the hope of mutual well-being.

The hardest thing about this was that I loved the work. And I wanted to work hard. But doing something you love on a schedule you can’t control can feel the same as doing something you hate. There is a name for this feeling. Psychologists call it reactance. Jonah Berger, a marketing professor at the University of Pennsylvania, summed it up well:

One of the most disturbing facts about American marriage today is that while divorce increased at similar rates for the wealthy and the poor in the 1960s and ’70s, those rates diverged sharply starting around 1980. According to the sociologist Steven P. Martin, among Americans who married between 1975 and 1979, the 10-year divorce rate was 28

I love Voltaire’s observation that “History never repeats itself; man always does.” It applies so well to how we behave with money.

If you grew up when inflation was high, you invested less of your money in bonds later in life compared to those who grew up when inflation was low. If you happened to grow up when the stock market was strong, you

In the face of uncertainty, our first instinct is often to reject novelty, looking for reasons why unfamiliar concepts might fail. When managers vet novel ideas, they're in an evaluative mindset. To protect themselves against the risks of a bad bet, they compare the new notion on the table to templates of ideas that have succeeded in the past.