Don McMinn

Warren Buffet has been called the Oracle of Omaha. He’s the most successful investor in history. His estimated net worth of nearly $85 billion makes him the fourth-richest person in the world. He has pledged to give 99% of his fortune to charity during his lifetime or at death. He has given $37 billion dollars to the Bill & Melinda Gates Foundation. 

A reporter once asked Buffett why he’s giving most of his money to the Gates Foundation when he could easily start and fund his own foundation. His answer: 

“I don’t think I’m as well cut out to be a philanthropist as Bill and Melinda are. The feedback on philanthropy is very slow, and that would bother me. I’d have to be too involved with a lot of people I wouldn’t want to be involved with and have to listen to more opinions than I would enjoy. In philanthropy also, you have to make some big mistakes. I know that. But it would bother me to make the mistakes myself, rather than having someone else make them whom I trust overall to do a good job. In general, Bill and Melinda will have a better batting average than I would.”

Warren Buffet knows what he’s good at (allocation of capital) and focuses on that and looks to other people to do things he’s not good at. We should follow his example. 

Know your strengths

Every person has a few core strengths—perhaps one or two. They are normally innate; you may have studied and worked hard to develop your signature strength, but it was probably in you at birth.

What do you do well? What comes naturally for you? Some extreme examples would include: Picasso—artist, Michael Jordon—athlete, C.S. Lewis—philosopher, Einstein—scientist, Edison—inventor, Dickens—writer. For most of us, our core strength is not this obvious; we have to search for it, but it is there.

Here are some suggestions on how to discover your strengths.

Focus on your strengths

If we’re only good at a few things, that means we’re not very competent in many areas. Should we try to shore up our weaknesses or focus on our strengths? 

Professor Martin Seligman wrote, “I do not believe that you should devote overly much effort to correcting your weaknesses. Rather, I believe that the highest success in living and the deepest emotional satisfaction comes from building and using your signature strengths.”

Granted, sometimes we have to do things we’re not good at because we’re not able to delegate them to others, in which case we just need to be conscientious and diligent. For instance, if you’re not good at math and financial accounting, try to find someone who is and ask her to help keep your finances in order. But if no one is available, you’ll have to do it yourself. This also applies at work: if your job requires you to do something you’re not good at but you can’t delegate this to someone else, you’ll need to do the best you can. 

Often, lack of funds forces us to do things ourselves. I know there are skilled workers who are better than I am at certain tasks, but I don’t have the money to pay them, so I do the work myself. Buffett has no such restraints, but I do.

In general, discover your strengths and then arrange your life such that you spend most of your time and energy doing what you’re good at. 

I agree with business consultant Marcus Buckingham when he says, “Look inside yourself, try to identify your strongest trends, reinforce them with practice and learning and then either find, or carve out a job that draws on those strengths every day. Don’t waste time trying to put in what was left out. Try to draw out what was put in.” 

 

I’m always amazed at the oversized impact that small gifts can make. 

Small physical gifts can be impactful.

During the Cold War, the United States and Soviet Union were hostile enemies engaged in a high-stakes race to achieve supremacy in space. The Russians used dogs in their program, and two of them—Belka and Strelka—became the first animals to orbit the Earth and return alive. 

In 1961, Soviet leader Nikita Khrushchev came up with the perfect idea to improve relations between the two countries. He sent President Kennedy a puppy: Pushinka (a puppy born to Strelka).  

The gift helped thaw their frosty relationship. Kennedy warmly thanked his Soviet counterpart in a letter, noting that the ride Pushinka took from Russia to America might not have been as dramatic as the one Strelka took, but it was still “a long voyage and she stood it well.” Kennedy and Khrushchev remained on cordial terms, even though the Cold War lasted for three more decades. 

A simple, kind deed can have an enormous impact. 

The African bishop, Desmond Tutu, was once asked why he became an Anglican priest. He replied that in the days of apartheid, when a black person and a white person met while walking on a footpath, the black person was expected to step into the gutter to allow the white person to pass and then nod his head as a gesture of respect.

“One day,” Tutu said, “when I was just a little boy, my mother and I were walking down the street when a tall, white man, dressed in a black suit, came toward us. Before my mother and I could step off the sidewalk, as was expected of us, this man stepped off the sidewalk and, as my mother and I passed, tipped his hat in a gesture of respect to her! I was more than surprised at what had happened, and I asked my mother, ‘Why did that white man do that?’ My mother explained, ‘He’s an Anglican priest. He’s a man of God, that’s why he did it.’ When she told me that he was an Anglican priest, I decided there and then that I wanted to be an Anglican priest too. And what is more, I wanted to be a man of God.”

Desmond Tutu not only became a priest, he influenced his entire nation. He, along with Nelson Mandela, led the successful fight against apartheid, which changed South Africa.

The priest that deeply impacted young Tutu’s life probably never knew “the rest of the story”; but through one simple act of kindness (not one word was spoken), he deeply impacted one life that would deeply affect an entire nation. 

A few choice words, spoken at the right time, can have an oversized impact.  

In a previous post I wrote about the life-giving and life-changing sentence that Benjamin West’s mother spoke to him when he was a child. One choice phrase solidified his destiny in life. In like manner, we can use simple phrases— “I’m so proud of you.” “I’m so sorry that…” “You’re so good at that.”—to deeply impact other people.  

Don’t underestimate the power of small gestures and choice words.

You must go on. I can’t go on. I’ll go on. —Samuel Beckett

Psychologist Martin Seligman identifies three attitudes—all starting with the letter P—that make it difficult for us to recover from a personal setback.

• • • Personalization—the belief that we are at fault
    • Pervasiveness—the belief that an event will affect all areas of our life
    • Permanence—the belief that the aftershocks of the event will last forever

In other words, when responding to a personal problem we often think: 

• • • It’s all my fault this happened. 
    • It will adversely affect my entire life. 
    • My life will never be the same again. 

Be aware of these three tendencies and when needed, talk yourself out of them, or even better, discuss it with a friend.

For instance, following a difficult divorce, healthy thinking might include:   

• • • Acknowledge and accept responsibility for your part in the broken relationship, but only your part. Your spouse, other people, and circumstances no doubt influenced the situation, so spread out the culpability. You should bear part of the blame but not all of it.  
    • Don’t let the divorce permeate every area of your life. Continue to find meaning in your work. Spend time with friends. Compartmentalize the event and don’t let it soil other areas of life.
    • Realize that the divorce need not permanently affect your life. Eventually, the pain and awkwardness will fade. You will survive the divorce and it need not define your life.

If your small business fails, healthy self-talk might sound like this: 

• • • “If I could do it again, I would avoid the following mistakes…(name them). But, I’ve learned a lot through this setback and I’ll be a better person for it. Statistically, only 30% of new businesses make it past the first three years; if I ever try this again, because of what I’ve learned, I’ll be in that 30%.”
    • “My professional life is important, but it’s not the only, or most important part of my life. I’ll continue to spend meaningful time with family and friends, enjoy my hobbies, and start looking for another job.”
    • “This failure is not going to define me or determine my future. As the years go by it will become a remote memory with little or no long-term effects.” 

When we mentally and emotionally dismantle these three tendencies and begin to embrace a more positive perspective, we’ll experience relief.

The hot-stove effect was first proffered by humorist Mark Twain.

“We should be careful to get out of an experience only the wisdom that is in it and stop there lest we be like the cat that sits down on a hot stove lid. She will never sit down on a hot stove lid again and that is well but also she will never sit down on a cold one anymore.”

Throughout life, be careful not to overreact to painful experiences. Failures, embarrassing moments, and hurtful events – if not properly processed – can have an inordinate impact on our lives and dissuade us from “jumping on the stove” again.

In our home, we’re helping to raise my granddaughter, Claire. She’s 2.5 years old. When I started giving her showers I used adult shampoo which stung her eyes. My bad. I switched to baby shampoo which doesn’t sting , but her memory is etched with shampoo=pain. Every time I put shampoo on her head she screams. I try to explain the situation, but that doesn’t help. I think only time will help ameliorate this misunderstanding.

Carefully study and analyze your experiences and put them into proper perspective (even positive experiences, if not properly processed, can lead to unhealthy behavior).

For example:

• • • You may abandon a helpful technology because your first experience with it was distasteful.
    • Some divorcees feign the thought of marrying again because of the hurt they sustained in a former marriage.
    • Not being accepted into your school of our choice may discourage you from pursuing higher education.

I have been a public speaker and teacher for 50 years, but two embarrassing moments in my early years might have derailed this aspect of my career.

When I was eight years old I was asked (with no prior notice) to stand in front of my Sunday School class and pray aloud. I froze…awkward silence ensued…kids giggled…I was embarrassed.

But the following week, one of my teachers took the time to meet with me and he spoke words of comfort and encouragement, helped me compose a written prayer, and coached me as I practiced reading it aloud in the same room where the nightmare took place. Then he arranged for me to speak the prayer in the same Sunday School Class the next Sunday. All went well and I fully recovered from the debacle.

In high school, I was vice president of my senior class. Once, when speaking before the student body, I planned on using the phrase “hook, line, and sinker,” as in, “he was so naive that he swallowed it hook, line, and sinker.” But in my speech the phrase came out “sink, line and hooker.”

My classmates were unmerciful. Unfortunately, no one helped me process what had happened; fortunately, I thought carefully about the incident by myself and decided that though it was a bad experience, it need not be a life-changing one.

A wonderful way to love others is to recognize when they may be suffering from the hot-stove effect and then take the initiative to help them process the incident and put it into proper perspective. I will be forever grateful for my Sunday School teacher (I cannot even remember his name). He might have salvaged my future career.