Principles and Results

I got set in the starting blocks, my heart pounding. To my left and right, 7 other runners did the same.

I was 11 years old, and this was my first track meet. There were people in the stands, coaches all around, and a slate of competitors who surely looked less green than I did.

All of this was intimidating. But at this moment, with the race impending, I was most terrified of one thing.

The starting gun.

I had issues with loud noises at this age. The flushing of industrial-strength toilets would terrify me. So would the honking of car horns and the firing of guns.

When I heard these sounds, my heart would skip a beat. I’d freeze, startled like a deer in the headlights.

Such a response would be devastating in this 100-meter race. I needed to get off the blocks quickly when called upon.

So, I tried to block out my fears. I reminded myself to be ready to run.

And when the gun went off, something unexpected happened. I reacted impeccably, rising into a sprinter’s position and taking off.

Now, I was flying down the track, outpacing the other kids by a few steps. Fear had evaporated into opportunity. I had a real chance to win this race.

Yet, as I thundered ahead, I worried that I was out of balance. My legs felt like they were leading the way, dragging my upper body along.

I knew that I needed to be in sync, so I leaned forward to compensate. But I leaned too far, and I took a tumble.

Now, the pack of competitors was far ahead of me, charging for the finish line. My legs were bloodied from the asphalt track. My hopes were dashed.

Even so, I wasn’t going to give up. I got back on my feet and charged forward with all that I had. And I crossed the finish line.

Just like that, my race was over. I was left to think about what might have been had my sprint not gone awry. That would be the narrative of this experience.

Or so I thought.


In school the next day, my teacher called me to the front of the class. She asked me to pull up my pant legs, so the class could see my scraped knees.

My teacher then explained that while I hadn’t won a medal in the 100-meter contest, I’d done something just as noteworthy. By getting back up and finishing the race, I’d shown courage, determination, and heart. And that was worthy of recognition.

Upon hearing this, my classmates applauded.

In hindsight, this seems like a special moment. A moment worth cherishing.

And indeed, I do hold this memory dear these days. But back then, I remember feeling supremely confused.

After all, I had fallen. I had failed.

There were no medals to show for my effort. No sterling race splits. There was just a row at the bottom of the results table with my name and unspectacular race time on it.

Why was I now being feted?

I didn’t know quite how to react.


There is no substitute for hard work.

So proclaimed one of America’s greatest innovators — Thomas Edison.

Edison’s inventions are widely known, but the winding journey toward such success are not. There were hundreds of challenges, setbacks, and outright failings along the way.

Many would-be innovators would have thrown in the towel in the face of such adversity. But Edison didn’t. He kept trying. And eventually, he turned those struggles into success.

Today, we laud those who have followed Edison’s lead. We single out those who try hard, and who stick with it through adversity.

Still, such positive attention ignores a key fact. Our effort doesn’t always correlate to our performance.

As I’ve explained before, effort and execution are two entirely different things.

In my 100-meter race, I had failed miserably at one of those tasks. And yet, everyone was acting as if I hadn’t done anything wrong at all.

It didn’t seem right.


There is a narrative out there claiming that America was built on hopes and dreams. But our society relies on results.

Results are how we evaluate performance in a free-market economy. It’s how businesses are valued. It’s how athletes are defined. It’s how musicians go Platinum and movies break the bank.

Even in a changing world, there is little appetite to change this model. We might squabble about providing a social safety net, but we still believe in singing for our supper.

Yes, if one was to brand an American mantra, it would likely be Deliver results.

And yet, that is not the recognition we espouse. We focus instead on principles.

Principles are how I ended up with that round of applause just for finishing a race. Principles are what drive us to recognize others for their work ethic, passion, or chivalry.

We celebrate these attributes because they’re culturally significant. We want to live in a world full of determined people who still have the presence of mind to care about their neighbors.

But if we focus too much on that side of the coin, we’re setting ourselves up for trouble.


In 1970, economist Milton Friedman wrote a New York Times Magazine article that changed the business world.

The Friedman Doctrine mandated that a public company’s only objective was to provide value to its shareholders. It tossed aside any grand sense of principle and zeroed in on the bottom line.

The Friedman Doctrine helped spur the rise of cutthroat capitalism. In the years that followed, businesses went to great lengths to drive results and increase their valuations.

Innovation soared and shareholder value exploded. But it wasn’t all rosy.

In the years following the Friedman Doctrine, corporate America abandoned its sense of humanity. Workers became more expendable than ever before, and the compensation gap soared. A focus on results for some did not provide benefits for all.

These days, there is a backlash to this pattern. Scholars and activists have demanded more from companies than an increase in stock prices. Employee empowerment and corporate social responsibility are among the items on their wish lists.

But progress in these areas has been staggered.

For while we feel strongly about principles, they don’t usurp results.

Companies must demonstrate success to stay in business. A runner must cross the finish line first to get the gold medal.

We put a lot of attention on how we can get there. But in the end, what matters is that we do get there.

So, let’s take a fresh perspective.

Let’s treat principles as table stakes, rather than exalted virtues. And let’s redirect our focus on the results they can bring.

The way we carry ourselves matters. But our achievements matter even more.

The Tao

What do Sun Tzu, Yogi Berra and Ray Dalio have in common?

Not much, it would seem. Each made their mark in a different field.

Sun Tzu was a legendary military general in ancient China. Yogi Berra was a Hall of Fame baseball player. And Ray Dalio is a billionaire hedge fund manager.

Yes, each of these figures achieve massive success and prominence. But so have thousands of others throughout the annals of history.

There is something else connecting these seemingly disparate figures. Namely, that they didn’t only achieve success. They also articulated it.

Sun Tzu’s modus operandi has evolved into The Art of War — a text used by business consultants and military generals alike in the modern day. Berra’s strangely phrased Yogi-isms — such as If you come to a fork in the road, take it — have also appeared in several works of literature. Dalio has outlined his structured approach to life in his bestselling book Principles.

All of these figures were prudent enough to share the guiding protocols behind their success — a system of brief sayings the Chinese have termed the Tao. They understood that if others could channel such wisdom, it would help make the world a better place.

So, they stripped down the barriers they’d formed around their life’s success. They drained the moat and put down the drawbridge.

They unveiled their Tao. And the world is better for it.


 

Don’t give away the farm.

This adage is common knowledge by now.

The rationale for this saying is straightforward. It is easier to copy others than to create our own success from scratch. So, if we’re going to offer others our playbook, we might as well get compensated for our efforts. After all, we’re effectively giving them a shortcut.

There is certainly some precedent for this philosophy with Sun Tzu, Yogi Berra and Ray Dalio. The literature each authored lies behind a financial barrier — namely, the price for a copy of their book.

Now, to be clear, none of them really demand this fee. Sun Tzu and Berra are no longer among the living. And Dalio has already made his life’s fortune in the financial markets. The prices charged to access their texts are mostly in place to cover the costs of their publishers.

Even so, their efforts to provide their Tao have become transactional. The entire process screams of Give us money, and we’ll give you advice.

This is a familiar arrangement for sharing. But it doesn’t have to be.


I am not famous.

I haven’t led an army into battle, led the New York Yankees to a world title, or led an investment fund through a financial recession.

But I have attained success in my life. And much like Sun Tzu, Yogi Berra and Ray Dalio, I see no value in keeping the Tao behind my success to myself.

So, I am sharing the guiding force behind my success here.

These words of wisdom are for you, my dear readers. I neither ask for nor desire anything in return. I only hope it can help you in some small way.

Without further ado, here is my Tao.

  1. Be present. Success starts with showing up every day, in mind, body and spirit. Do whatever you can to stay connected and engaged.
  2. Be informed. Take the time to prepare, to gather relevant information and to understand the nuance of context. It will all pay dividends later.
  3. Be better. Don’t bask in the glory of today’s achievements. Strive for continual improvement.
  4. Embrace sweat. Don’t let anyone outwork you. There is always another level you can take your productivity to.
  5. Earn everything. We are owed few things in life. Resolve to prove your worth, day in and day out.
  6. Remain deliberate. The world moves fast, and emotions can speed up the clock when it comes to critical decisions. Take the time to fully consider the options and implications before making your choice.
  7. Act decisively. Don’t mistake deliberation for inaction. When making your choice, commit fully to it.
  8. Deflect credit. We didn’t attain our successes alone, and tooting our own horn does no one any good. Pay homage to those who got you there.
  9. Accept responsibility. If things don’t go well, accept the blame. While others might have been complicit in the outcome, there was still something you have done better.
  10. Embrace imperfection. Mistakes are what make us human. Treat them as learning opportunities and iterate accordingly.
  11. Listen first. There will always be more wisdom in the collective than in our own mind. Pay attention to what others have to say before sharing your piece.
  12. Espouse empathy. Everyone has angles they’re playing in life. Still, consider the humanity behind those angles before casting judgment.
  13. Welcome vulnerability. Displaying unabashed confidence can be reckless. Embrace our flaws to find your true strength.
  14. Forget popularity. Likeability is fleeting, and beyond your control. Don’t expect everyone to like you, or stress when some refuse to.
  15. Demand respect. A basic modicum of respect should be a given, unless someone has done something egregious enough to void that right. Don’t let others walk all over you.
  16. Stay active. Little good comes from lethargy. Stay in motion to keep the blood flowing.
  17. Seek balance. Spend some time winding up, and some more time winding down. Counteract noise with silence.
  18. Encounter emotion. Our feelings bring us to life. Do what you can to remain connected with them.
  19. Maintain discipline. Good habits can be challenging to hold on to over time. Muster the mental fortitude to stick with them.
  20. Help others. In the long-run, what we accrue means little. But what we share with others can mean everything.

It is my hope that these guiding principles help you in life, regardless of the context you apply them to. And that as you see success — however you come about it — you share your Tao with others as well.

Here’s to finding your best.