When I was young and dumb, I was always impressed by finance people who used jargon and overcomplicated things.
Markets are complex so I assumed that meant they required complex explanations and strategies.
Boy was I wrong.
Once I finally learned how much I didn’t know, it became clear that these were not the right people to follow. People who make things too complicated, even if they are intelligent, aren’t helpful.
The secret sauce is the ability to understand a subject and explain it in plain English. Simplification is the way.
Here’s a sampling of some favorite quotes on simplicity from Albert Einstein1, Steve Jobs and Leonardo da Vinci, respectively:
The five ascending levels of intelligence: smart, intelligent, brilliant, genius, simple.
Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.
Simplicity is the ultimate sophistication.
One of my favorite thinkers/writers/speakers who has the ability to teach in a simplified yet intelligent manner is Seth Godin.
I’ve been reading his daily blog for well over a decade now. He wrote a blog post back in 2010 called The World’s Worst Boss that I still re-read once a year or so:
That would be you.
Even if you’re not self-employed, your boss is you. You manage your career, your day, your responses. You manage how you sell your services and your education and the way you talk to yourself.
Odds are, you’re doing it poorly.
If you had a manager that talked to you the way you talked to you, you’d quit. If you had a boss that wasted as much of your time as you do, they’d fire her. If an organization developed its employees as poorly as you are developing yourself, it would soon go under.
I love it.
I’ve also read a bunch of his books.2
I had the pleasure of speaking with Seth about his new book, This is Strategy. This was one of my all-time favorite podcast conversations I’ve ever had:
I’m not going to lie — I was a little nervous for this one.
We talked about sales, marketing, communication, procrastination, blogging, content creation, storytelling, sales for introverts (me), teaching, selling books and much more.
I even asked Seth for some advice about a new book I’m working on.
He was as good as advertised. I highly recommend this one. I learned a lot just listening to him.
Here’s the podcast version:
Further Reading:
Everyone is in Sales
1Sometimes the internet makes it murky who said what in terms of quotes.
2This is Marketing is probably my favorite.
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.
The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.
References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.
The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers
Please see disclosures here.