Staying Put

The first rule of compounding is to never interrupt it unnecessarily.” – Munger

Alot of good ideas are ignored because they’re only occasionally useful. No one wants to bring them up because there are so many counterexamples of times they were wrong.

One I thought about recently after watching a few friends manage their careers is the value of staying put.

Don’t switch fields, don’t look for a new job, don’t move on.

There’s a decent chance your motivation for leaving is driven by two things: The grass-is-greener fallacy of wrongly assuming the alternative is better, or denying the fact that great opportunities occasionally require annoyance and sacrifice.

Of course it’s not universal advice. Some careers and jobs are dreadful, and the economy only works when people are willing and able to find better opportunities. Stay put is good advice maybe a third of the time when you’re young and perhaps half the time when you’re older.

But when it’s good advice, it can be staggeringly good advice.

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Πηγή: collaborativefund.com