Steven Pressfield felt like a fraud. For years, when asked what he did for a living, he told people he was an author. But in truth, he had never finished a book.  It’s not like he hadn’t tried. He had, several times in his life, in fact. But he could never finish what he started. […]

In 1980, Scandinavian Airlines was facing $20 million in losses. To avoid bankruptcy, SAS executives decide to take drastic measures and reposition the airline as “the business traveler’s airline.” [1] The naysayers had their concerns. “What, and sacrifice tourist travelers?!” But the executives won their plea, and the airline was repositioned as planned. In his book, Selling the […]

In 2007, Mohnish Pabrai paid $650,100 to have lunch with billionaire investor Warren Buffett. During the meal, Pabrai asked Buffet about Buffett’s former business partner, Rick Guerin.  Guerin, a once prolific investor, had worked on several big deals with Warren Buffet and his partner Charlie Munger. But in the 1980s, Guerin all but vanished from […]

In his book, The Psychology of Money, Morgan Housel shares a distinction between being rich and wealthy.  The former, says Housel, is about income. To borrow an example from the book, a person driving a $100,000 car is likely rich due to a certain income level needed to afford the monthly payments. Rich people, says Housels, […]