Find the Best People, Then Trust Them

Thank you for reading the High-Grade Newsletter!

Back in my gold mining days, the most high-yielding ore was termed, “high-grade”. We divided it out, kept it separated from the rest, and just processing a few hours of the high-grade ore would produce more gold than months and months of processing the low-grade material.

 My goal for this newsletter is to provide high-grade material for the most resourceful and driven knowledge seekers that I know. I also enjoy sharing the things that I find myself learning throughout the week. Currently focusing on topics of health, orthopedic surgery, business, technology, and the future. 

Join the +20 High-Grade readers focused on continuous improvement and the love of learning: https://drewalbertmd.com/what-im-learning-newsletter/

Quotes

Found these quotes on James Clear’s 3-2-1 Newsletter

Olympic gold medalist Wilma Rudolph on how to lose:

“Winning is great, sure, but if you are really going to do something in life, the secret is learning how to lose. Nobody goes undefeated all the time. If you can pick up after a crushing defeat, and go on to win again, you are going to be a champion someday.” Source: Wilma Rudolph Biography

Entrepreneur Cindy Gallop on how to build a successful business:

“There is a formula for success in business, and it goes like this: You set out to find the very best talent in the marketplace, and then give them a compelling and inspirational vision of what you want them to achieve for you and the company. Then you empower them to achieve those goals using their own skills and talents in any way they choose. If, at the same time, you demonstrate how enormously you value them, not just through compensation, but also verbally, every single day, and if you enable that talent to share in the profit that they help create for you, you’ll be successful. It’s so simple, and virtually nobody does it, because it requires a high-trust working environment, and most business environments are low-trust. In order to own the future of your business, you have to design it around trust.” Source: The Most Provocative Woman in the World: Cindy Gallop

What I’m Listening To

 

(Link) Jon Rennie’s Deep Leadership Podcast: A former submarine officer’s lessons on leadership. Great interviews and thoughts about how leadership needs to be people business.

What I’m Reading

(Link) Ben Taft, co-founder and CEO of Mira, a seed-stage mobile augmented reality (AR) company working to make AR more accessible than ever.

 

 “Talking to people who have been there is the best way to learn -and to compensate for your own knowledge gaps in the meantime.”

 

 But people also tend to think the founder or CEO knows everything—and that definitely is not the case. I don’t know most things! That’s why it’s my job to find the best people and then trust them. When people come to you for advice, sometimes the best thing you can do is just ask honest, open questions; listen to their answers and give them space to solve the problem on their own. Just flipping the conversation helps them feel more empowered to make decisions for their area of the business, which is ultimately what they’re there to do.”


(Link) Elizabeth Yin on building a fund. Interesting thoughts on just doing what it takes to make things happen. Something that is applicable to all areas of life. Even if that means meeting with >345 people in less than a 10-month time span.


 “Once you get commits, then you can start talking with other potential investors about those commits, which generates even more commits.  The key is that you need to constantly be meeting with people.”

 


(Link) Million-Dollar, One-Person Businesses. Here is an interesting and education post from Trends.vc that breaks down thoughts around this one-person concept, and it isn’t about being a celebrity. This quote captures the concept perfectly,

 

 “Build your own dreams, or someone else will hire you to build theirs.”



(Link) Six Principles of Asset Location by the White Coat Investor. This is about investing with tax efficiency in mind. A thought that goes un-studied. 

Interesting People You Should Follow and Learn From 

(Link) Naval. A wise anonymous account on Twitter. Here is one of his threads (Link).


(Link) Sahil. A new venture capital fund manager who bootstrapped his own business, Gumroad. Here is how he manages working with founders and people looking to connect. Innovative networking flow in my mind.

 

(Link) Trends.vc. An interesting resource that does a good job teaching new concepts and distributing learning resources.  

Interesting Companies

(Link) Global Health Impact Fund and Network. A place for healthcare professionals to learn more about venture capital and its effect on building the future of healthcare.

 

(Link) Makerpad, the future of building platforms, websites, anything online, is no-code.

Orthopedic Surgery

(Link) Don’t use tourniquets while reaming. 


“The use of a tourniquet eliminates convective heat transfer by shutting down the global blood flow of the whole limb (Klenerman et al 1980). The importance of an intact blood circulation has been demonstrated by studies on thermal conductivity which showed a fourfold difference between dry and living bone tissue (Sunde ́n 1967).


If you enjoyed reading this, please share it with someone you think would be interested! 


Here is the link: https://drewalbertmd.com/what-im-learning-newsletter/

 

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