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A View that Leads to Bigg Success

watchBigg success is life on your own terms. Our focus today is growth, one of the five elements of bigg success.

We tend to avoid information that’s not consistent with our beliefs. There’s been a long-running debate between psychologists:

Do people actively avoid contradictory information or is it a more natural process? For example, it may be that we don’t hear opposing views because we hang out with people like us.

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Some new research [PDF] (led by a psychology professor at the best school in the world, the University of Illinois) has answered that question.

If you seek opposing views, you’re in the minority

The research confirms that people do avoid ideas that disagree with their own. They did this study to “see … to what extent people are willing to seek out the truth versus just stay comfortable with what they know.”

The researchers found that two-thirds of us choose information that supports what we already think. However, the more interesting part of their research to us was this:

They found that two types of people are more likely to listen to alternative points-of-view:

People who are confident in their own beliefs

We were out with a friend right after we read this research. The timing was perfect. She’s very politically active – politics is one area the researchers cited that we’re particularly reluctant to consider the other side.

Our friend told us that she no longer subscribed to a certain magazine. She said that she found she always disagreed with their point-of-view. After further discussion, it was clear that she’s not confident in her opinions.

If she had confidence in her opinions, it wouldn’t bother her to read the other side. In fact, by reading the other side, she might gain confidence in her positions. Or she might change her mind, but be more confident in her new opinion.

The best way to confirm your opinion is to continually test it against all the information available. Talk with people who hold counter opinions. Read everything you can. Try to balance opinions on all sides of an issue before arriving at a conclusion.

Even then, continue testing that opinion with any new evidence you find, both pro and con. Then you’ll have confidence in your opinions.

People who have to defend their ideas in public

It’s interesting that the researchers cite the much-maligned politicians here. Politicians constantly have to defend their point-of-view.

They serve as an example to us. Don’t keep your opinions to yourself; defend them.

We should point out two things here:

  • You have to be careful discussing certain subjects with certain people.
  • We’ve talked about things here in very black-and-white terms. Obviously, many if not most issues are full of grey. That’s what makes for interesting discussion!

When you do discuss your ideas, you will hear other points-of-view that you can synthesize with your own. Your ideas will sharpen and grow. So will your confidence in what you believe.

That’s bigg success … as long as you agree with us!

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Thanks for reading our post today. Please join us next time when we’ll discuss what we can learn from cats about communication. Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00438-071609.mp3

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Political Sportsmanship

flag This post went “live” the day after the election in the U.S. However, in the interest of full disclosure, we wanted you to know that we recorded this show mid-morning on Tuesday, the day of the election. So we don’t know who won the Presidential race (or any other race for that matter). We don’t even know if anyone knows who won!

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Political sportsmanship may sound like an oxymoron to you. It need not be. We should be able to accept the outcome of an election, and be a good winner or a good loser, no matter what the results are.

As kids, we were taught how to be a good sport. Don’t sulk if you lose because a sore loser loses twice. Don’t gloat if you win because the one thing worse than a bad loser is a bad winner.

As adults, we sometimes forget about this, and not just when it comes to elections. Maybe we propose an idea, but our group doesn’t go with it. We need to accept the outcome and be a good sport. 

Rituals of sportsmanship

In sports, the two teams usually shake hands after a game and talking with each other. For instance, after a football game, you’ll often see the opposing quarterbacks chatting. They have a common bond because of their position; they face similar challenges. It’s only natural that they would find things to talk about.

Whatever you may think of politicians, they are often very graceful in defeat. We hear their concession speeches and they often go above and beyond in congratulating their opponent on his or her victory. It sends an important message to their followers that it’s time to put the election behind and move forward united.

Burying the hatchet

There’s a tradition practiced in Sussex County, Delaware called Return Day. It started in 1792. People came to Georgetown, the county seat, to cast their vote on election Tuesday. The results were tabulated over the next two days. On Thursday, the people would return to Georgetown (hence the name Return Day) to find out who won. The competing politicians were there as well, and they buried a symbolic hatchet in the sand showing the race was over and it was time to move on together.

Isn’t that a fantastic idea? The leaders, with their followers, come together to put the past behind and move forward together for a better future. 

Celebrate the process

So let’s celebrate the process. We’re very lucky to live in a country where we can express our opinion every two years. We can remain engaged and contact our elect representatives, even if we didn’t happen to vote for him or her. You get a say in your government!

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There’s an expense that many companies are cutting back on. Next time, we’ll discuss why we think it’s a BIGG mistake. Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00258-110508.mp3

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We the People are Taking Back Our Country

we_the_people We usually talk about money on Mondays. As we discussed possible topics for today’s post, we realized there was no bigger issue than what’s going on in Washington and Wall Street. Our apologies to our international listeners, but we’re going to be domestic today. But as we’ve seen, it obviously affects everyone worldwide.

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We usually don’t talk about politics. We won’t be partisan; there’s plenty of blame to go around. We know that we may upset everybody today; that’s not our intention.

We think it’s time to look at the facts so we can make the right decisions here in a few weeks … who are we going to hire?

Not just for President, but for government at all levels. It’s time that we, the people, take back our country, our states, and our cities.

We’re sick and tired of the blame game and passing the buck on personal responsibility. Leadership is about taking responsibility. The leaders of our biggest companies aren’t taking responsibility, but even more sad, our elected officials aren’t bearing it, or requiring it, either.

We, the taxpayers, invested $85 billion in AIG. What was AIG’s response? They threw a $440,000 “party”. Sure they called it a “planning meeting” or an “executive session”. But how can you justify spending that kind of money for a retreat when you’re using our money and you’ve been on the brink of financial collapse?

It was a complete slap in the face and our leaders should have seen it as such. But what did they do? Turn around and give AIG another $38 billion two weeks later!

How many of us could walk into a bank two weeks after we borrowed a bunch of money in desperation and get more?

How successful would we be at getting more money if we so grossly underestimated how much it would take the first time around?

“Oh, and by the way, Mr. Banker, we know you’ve heard that we wasted some of it on a spa getaway, but we need about half as much again as we borrowed the first time. Will you lend it to us?”

Can you imagine the response?

Fortunately, AIG scrapped plans for another “party” after news got out about the first one. Of course, we’ve also learned that they tinkered with the idea of spending some of our money running an advertising campaign to apologize for the first “party”.

Some insight into the mismanagement

Warren Buffett was interviewed by CNBC’s Becky Quick back in August. Part of the conversation turned to Fannie Mae and Freddie Mac. We’ll paraphrase …

Congress set up the Office of Federal Housing Enterprise Oversight (OFHEO) back in 1992. The sole job of this agency was to evaluate the soundness, accounting practices, and the like of Fannie Mae and Freddie Mac.

Two companies … that’s all OFHEO had to oversee. Buffet, of course, notes that he does more than that all by himself.

It took 200 OFHEO employees and a $65 million dollar a year budget to do that.

Year after year, OFHEO reported to Congress. They stated that the accounting was sound. The directors were great. Everything was just fine. There was nothing to worry about.

Well, we all know what happened – two of the greatest accounting misstatements in the history of the stock exchange caused by management misconduct. What was OFHEO’s response?

A report to Congress blaming the management, the directors, the audit committee. Everybody but themselves.

200 people with a budget of $65 million overseeing just two companies. Yet they assumed no responsibility for this huge blunder.

The problem we have is that everybody blames anybody else every time there is a problem. It needs to end now.

How to put an end to it

The solution may surprise you. It starts and ends with us. We need to take personal responsibility. We made mistakes too. We bought in.

We saw government borrowing and living beyond its means, so many of us borrowed and lived beyond ours. From this day forward, that ends. We won’t forget this lesson. We will bailout ourselves. We will get back on our feet. We will prosper.

We also delegated too much. We voted, but we didn’t pay close enough attention to what our elected officials were doing. Well, Mr. or Ms. Politician, you have our attention now. And we’re going to keep paying attention.

What we can’t control

Here’s what paying closer attention has shown us – we see a complete vacuum of leadership. You’re not a leader if you don’t take responsibility for your mistakes. You’re not a leader if you don’t solve problems; you only assign blame to others. You’re not a leader if you can’t tell us where we’re at, why we got here, and what we’re going to do about it to make tomorrow better than today.

We can’t personally do much to change the leadership on Wall Street. We can’t do much to change who reports our news, because the media missed the boat on this one as well. We can’t choose the bureaucrats, like the ones at OFHEO, who oversee key agencies and put policy into action.

What we can control

We do get to choose who we hire to represent us. We have important decisions to make in a few weeks. Not just for President. Not just for the Senate or the House in Washington, D.C. We get to choose who will represent us at all levels of government.

So here’s how we put an end to it now. Quit thinking like a Democrat or a Republican. That’s another trap they’ve led us into and we bought in.

No, we will hire the best person for the job. We need to do our homework: What’s their record? What have they accomplished? How have they handled their fiduciary duties in the past?

The past is the best predictor we have of the future when it comes to human behavior. That’s how we would hire anybody else. Why would we hire our elected officials any differently?

We have access to the records of our current elected officials. We can know what they’ve done. We need to start paying closer attention.

Resources

Current legislation before Congress

Votes Database by The Washington Post

Records of the U.S. House of Representatives

Official site of the U.S. House of Representatives

Official site of the U.S. Senate

List of government agencies – federal, state and local

Find the official sites of state, county, and city governments

We the people

We’re looking for public servants, not party servants or power servants. We the people are taking our country back.

Go ahead, Mr. or Ms. Politician … take that special interest money. But you better be clear about who you serve. We the people.

Mr. or Ms. Elected Official, go ahead and listen to your party leaders. Just know that, on Election Day, we won’t vote for the person who serves the powers that be. We will vote for the person who serves us. We the people. 

Combined, we’re more powerful than Washington can ever be when we are educated and informed. We will take personal responsibility to learn who best serves our interest, and the interests of our children and grandchildren.

We the people are taking back our country.

What do you think? 

 

Why are You Afraid to Consider the Other Side?

By 440 Wynn Bigg]
Bigg Success Contributor
04-24-08   

Wynn Bigg Today

wynn_bigg 

I was talking to one of my good friends the other day when she said something I found intriguing. She is very politically active, and she told me that she no longer subscribed to a certain magazine.

She said she had grown tired of it because she didn’t agree with its point-of-view.

We’re pretty close, so I asked her a disturbing question …

“Why are you afraid to consider the other side?”

She looked stunned, but didn’t reply.

So I continued. I told her that if she had confidence in her opinions, it wouldn’t bother her to read the other side. In fact, by reading the other side, she would gain more confidence in her positions.

If that wasn’t the case, I could only conclude that she didn’t want to hear the other side because she was afraid she’d find out that she was wrong. So then I asked her another question …

“Which do you think is worse – admitting you’re wrong or living your whole life actually being wrong?”

Still no response from my friend. But she didn’t appear upset, so I kept going.

I said that, it seemed to me, it would be a tragedy to live your whole life fearing that you’re wrong. The best way to make sure you’re right is to continually test your opinions against all the information available.

I would rather discover I’m wrong and admit it. So I read everything I can, trying to balance opinions on all sides of an issue before I arrive at a conclusion. Even then, I continue testing that opinion with any new evidence I can find, pro and con.

That’s the best way I can think of to have confidence in my opinions.

Time to go now … my wife wants to know my opinion of her new outfit. Guess that’s an opinion I’ll keep to myself!

Hear today's lesson and laugh on The Bigg Success Show. 

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