We want to set a HUGE goal to see if we can raise over $3,000 for the district Head Start programs.
SAVE THE DATE: MAY 5th CINCO DE MAYO AT MADDOX PARK (adjacent to Starr King school)
We certainly don’t expect monetary contributions from you parents, but any way you can chip in on May 5th will help make this even more fun for everyone, and PLEASE share with your family, friends, or employers you think might be interested to help sponsor us…
I’m going to share this with Raley’s, Starbucks, local restaurants and small businesses, and we’ll go door to door to invite the whole neighborhood.
Jam & I will provide some food & drinks.
If you want to bring your own potluck style dishes, snacks, etc., outdoor games, of course bring the kids’ bikes or trikes, and anything else you can think of, excellent!
If you have any feedback, tips, or ideas for any changes, please just let me know. We’ll create an FB event and do some promotions very soon…
I didn’t always take that so seriously, but it’s true, you won’t meet successful people who aren’t readers.
Books can be your mentors — when you can’t meet or learn from someone directly in-person in real life, you can learn from them through books! Books can even be a window into the wisdom of the past, and you can learn from the greatest teachers who’ve ever lived — even if they’re not around anymore (you can even get inside the mind of one of history’s greatest emperors below!)
There are no secrets. They’re all just buried away in books.
Here are my “Most-Important Books” — or MIBs. These are the top 10 books I’ve read that have impacted me and influenced my life in a significant way for one reason or another, and that I recommend to anyone following a similar path. From what I’ve studied so far, if you read only 10 books after college, read these:
If you’re just getting started, I believe reading these few wisdom-packed tomes from 1-10 in this order would be the most intuitive mindset change from beginner to advanced, and have the greatest impact on you.
A few weeks ago, my old blogging buddy Ron Davison sent me a copy of his new book The Fourth Economy: Inventing Western Civilization, which examines the pattern of progress from an agricultural economy to an industrial one, then from industrial to an information economy, and predicts what the next generation will see with the rise of an entrepreneurship economy. If you feel the same entrepreneurial rumble around you right now as I do, we’re only just seeing the tip of the iceberg.
Already in the first few pages it had me absolutely spellbound, so I wanted to share. Ron’s thesis revolves around how the evolution of society has always depended upon invention… but he points out how we tend to think of invention solely as a technological act… when in fact there is another, equally important form of invention that almost invisibly shapes society: social invention.
I’ll quote extensively from Ron’s first few chapters, as he’s much more eloquent and academic about this important claim than I could ever be (emphases are mine):
“Money is only money because we agree it is money. As soon as we all agree that Confederate currency no longer has any value, it no longer has any value. When we agree that information on magnetic strips affixed to plastic has value, it has value. Whether someone is a slave, employee or part-owner of an enterprise is not inherent in any physical reality or dependent on any brute facts, but is—instead—true only as an institutional fact [i.e., a social invention –Cody].
[…] “A technological invention results in a product that can be seen independent of any agreement about it. While its use might require some instruction, instruction that might be something akin to declaration or agreement, its existence does not. A steam engine translates heat into motion and even if it requires an operator to do this, its existence falls more into the category of brute fact than institutional fact. By contrast, a home loan is a [social invention]. Without a contract specifying terms and even who owes what to whom, the loan makes no sense. Further, the loan assumes a whole other set of [social inventions], from money to banks to a real estate market to determine the value of the home for which the loan exists.”
…Ron goes on to explain the immense importance of social invention, including all the institutions that you’ve become accustomed to in your lifetime, in shaping society — nation-states, churches, banks, corporations, money, democracy. At some point in history, each of these things was invented, agreed upon, and eventually accepted as the status quo. But these things haven’t always existed, they haven’t always been the norm, as we tend to forget.
“A set of inventions defines a culture or civilization.
“We recreate civilization in each child. We call it education. Look at the huge amount of time and attention we devote to ‘civilizing’ a baby to become a member of society. The gross effort it takes to recreate society in each child should be testament to the fact that a culture is not a ‘natural’ or spontaneous state; it is, instead a social invention that takes great effort—every time. Language and manners, what we question and what we accept, social roles—all of these end products represent the teaching of parents, teachers, and even the media and are essentially conventions that work to construct meaning, to create the modern life. Rather than see them as inventions, we often see social inventions as simply ‘the way things are.’ Should you want a reminder that social inventions are just made up, however, raise a child. Mothers know that the curious, rebellious, stubborn, and lazy child will challenge social inventions. My family lives close to the Mexican border and when my daughter was protesting her car seat, she would say, ‘Mexican kids don’t wear seat belts.’ She, like every child, knew that things could be different and questioned why they were not. And of course, travel, news reports, novels, and history all remind us that our social inventions are not universal or even stable. What makes you successfully fit into your neighborhood in Manhattan would make you stand out in Afghanistan. Or even Montana. What made you fashionable in 1972 makes you look silly in 2012.”
He implores the need for social progress, for us to become more conscious about social invention. And I love how he describes our opportunity to create a new social reality:
“Perhaps teachers and parents should add this to their list of admonitions and lessons: ‘Warning: contents of this society have been known to create feelings of anomie and alienation; provoke wars, homicides, and suicides; and pollute the habitat you need for survival. Most of what we tell you should be questioned and could be improved upon. This is, really, just the best we’ve been able to do up until now and it could be that improvement will actually overturn much of what we now accept and advocate. Learn about your culture and your place in it, but don’t cling too tightly to it. What we’re teaching you probably needs to change, and soon.'”
[…] “a hypnotist, in a matter of minutes, can program you to do things you don’t normally do and to believe what is not so. […] how much more powerfully can society program you during the course of your life, given that it has so much more time and so many more persuasive tools at its disposal than does a hypnotist?”
[…] “If social invention is to become more widespread [ie: and we are to harness our inherent abilities to pave our own destinies and craft our own world –Cody], the individual will have to become more aware of how his or her life is also an invention. Up until now, it is the few who have defined society and the many that have been defined by it. A few receive the divine revelation and many receive Mass. Think about a world in which the direction is increasingly reversed, a society in which the individual is less social invention than social inventor. Or, rather, imagine a world in which more people engage in acts of social invention. If social invention becomes to this century what technological invention was to the last, we’ll witness such a change. Or, rather, we’ll create such a change.
“If daily life is an invention, the question is, whose invention is it? It is hard to underestimate the importance of inertia in defining society. Yet entrepreneurs challenge this inertia and invent something new.”
[…] “an entrepreneur is a social inventor. Their work is to create a new social invention, an organization, an institution, a new market, or a new business. Social entrepreneurs might start a new non-governmental organization (NGO) or nonprofit or charter school. I’m going to include under my broad umbrella of entrepreneurs not just business entrepreneurs like Bill Gates and Henry Ford but political and religious entrepreneurs like Thomas Jefferson and Martin Luther.
“The next economy will popularize entrepreneurship in the same way that the Information Age popularized higher education and knowledge throughout the twentieth century. As entrepreneurship becomes more popular and diverse in its expression and application, social invention will become as normal as technological invention.”
My wish for the years ahead is to see more interesting people building interesting things — projects, businesses, organizations, art, nonprofits, social inventions…
I am excited to see this become the new norm — to see many more people wake up to the realization that they don’t have to be a wage slave or an employee, but can instead choose to be creators, artists, shapers of the world around them, entrepreneurs. If you find these ideas and trends as fascinating as I do, I highly recommend you pick up a copy of Ron’s book The Fourth Economy for a much more in-depth look at the entrepreneurial revolution he predicts will sweep across the world.
I only hope we can play a small role in this huge societal shift with what we’re doing here and at inside The HERO Project, by enabling many more ambitious trailblazers to use their inherent abilities to create and shape things around them to help move the world forward.
You are the pioneers of the Fourth Economy. Here’s to creating an improved, more connected, whole, healed, better society through entrepreneurship!
https://herofoundry.org/wp-content/uploads/2012/01/steve-jobs-entrepreneurship.jpg430640Cody McKibbenhttps://herofoundry.org/wp-content/uploads/2024/08/HERO-Foundry-Warrior-logo-300x162.pngCody McKibben2012-01-04 21:27:092020-05-24 14:17:24How You and I Are Going to Shape the Next Century Together
I met the wealthiest man in the world when I was 22 years old.
Warren Buffett, born in 1930 Nebraska, the “Oracle of Omaha,” is renowned as one of the world’s most talented investors and money managers, the chairman and CEO of Berkshire Hathaway, and has consistently been ranked among the world’s wealthiest people for at least the last 20 years (frequently in the top 2 or 3 for the last several years running).
In 2008, Forbes ranked Buffett as the richest person in the world with a net worth somewhere around $62 billion.
Buffett started out with the money he earned as a newspaper boy to buy his first income-producing assets, and despite his now immense fortune, he still lives in a home he purchased for $31,000 in the 1950s and embraces a frugal lifestyle.
In 2006, I learned that apparently Sacramento State University’s President, Alex Gonzalez, didn’t know Buffett’s reputation, and his office was ignoring calls from Buffett’s staff. I had long been an admirer of Buffett’s approach to value investing, as well as the wisdom of his vice chairman Charlie Munger (who’s writings on mental models are definitely worth a read).
I passed some information on to my boss and the Dean of the College of Business Administration where I worked.
A few weeks later, I’d worked with my supervisor Thomas Matlock to organize a meet and greet event for our Executive MBA students, and I had the opportunity to meet Warren myself briefly, shortly after his announcement in 2006 that he’d be giving away 85 percent of his fortune via the Bill & Melinda Gates Foundation.
The College of Business was invited to a special reception with Warren Buffett in Rocklin, California.
College of Business Administration Meets Fortune 100’s “Oracle of Omaha”
A 16-member group of faculty, staff, students and community business leaders from the College of Business Administration attended an “Exclusive Meet and Greet” on July 20, 2006 with Warren Buffett.
The reception and the ribbon-cutting ceremony that followed marked the official grand opening of the first California showroom for home furnishers RC Willey. Buffet, second in wealth only to Bill Gates of Microsoft fame, is the CEO and Chair of the Board of Berkshire Hathaway, which purchased RC Willey in 1995. The legendary investor and philanthropist was in the area to support the opening at the store’s new Rocklin location and took the opportunity to meet some of the community.
“Sacramento business was privileged to have Warren Buffet visit the region,” CBA Dean Sanjay Varshney said. “A business leader of his caliber wanting to meet with educators—and students—is a reflection of his character and humility. He enthusiastically chatted with our students and faculty, taking time to pose for pictures with each individual. This was truly an exciting opportunity to meet with the most successful investor on Wall Street—the Oracle of Omaha himself!”
Dean Varshney and his assistant Thomas Matlock were accompanied to the event by Christopher Cady, President, Pulte Homes Corporation; Mitzi Caycendeo, Chipset Planning Analyst, Intel Corporation (EMBA student); Matt Cologna, VP Industrial Services Group, Grubb and Ellis; Karna Gocke, Associate Physician, UC Davis Medical Center (EMBA student); Kimberly Harrington, Sac State HR Training & Development; Chris Higdon, President and CEO, California Moving Systems; Earl King, VP/Branch Manager, Fidelity Investments (EMBA student); Cody McKibben, Administrative Support Assistant, CBA; Monoo Prasad, Senior Project Manager, Ebay; Tim Ray, Executive Director, External Affairs for Northern California, AT&T; Randy Sater, Senior VP, Teichert Land Company; David Snyder, Director of Economic Development for Placer County; Denver Travis, Professor, CBA; and Chiang Wang, Interim Associate Dean for Graduate and External Programs, CBA.
…
I can’t recall the words we exchanged verbatim, but I will always remember the impression Warren made on me. That moment he gave my hand a firm shake, and looked me in the eyes with a smile.
Though I was starstruck at the time, he was a surprisingly approachable and down-to-earth man. I asked him what advice he had for a young clueless college student who was interested in business but had no idea where to start.
In those short few minutes I had to interact with him, his attitude left a lifelong impression on me. He doesn’t have an entourage; no bodyguards; no driver. He doesn’t spend much money on toys. His idea of happiness is being able to watch his basketball games on a big screen TV in his sweatpants…
And it taught me that, this legendary business tycoon, who is idolized by many, is not some lofty superhuman god. He is still just a man, and a humble one at that. Warren Buffett looked me in the eyes with a sincerity that revealed, while he is very accomplished and in-demand, he still has respect and time for someone just starting out in life.
His tips for me essentially boiled down to:
1. Never stop learning.
Buffett was rejected by Harvard University in 1950. Maybe he just recognized the potential in a young nobody who, at the time, was desperate to break into Stanford University without the typical pedigree many ivy league students have.
Whether through formal schooling or self-guided learning, he started by admonishing me never to stop learning and reading. Like many hugely successful people, Warren is a voracious reader, who has estimated at times he spends up to 80% of his workday reading, 5 or more hours per day.
He was once speaking at the Columbia University School of Business when students asked what was the biggest key to success that he could share with the class? He held up a stack of reports and trade publications he’d brought with him and said: “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”
2. Find something you absolutely love doing.
I remember very clearly he stressed the importance of finding my own thing that I enjoyed, and just focus on that. As he often does, he discourages copycats and reinforces how not everybody is cut out best to follow his exact path to success. Not everybody is great at finance or investment, and therefore they’re not going to necessarily have the same energy and consistency behind their actions as Buffett would. But everybody can find something they love to do.
In a 2006 CNBC interview, “The Billionaire Next Door”, he was asked “What is the Warren Buffett secret to success?”
His response: “If people get to my age and they have the people love them that they want to have love them, they’re successful. It doesn’t make any difference if they’ve got a thousand dollars in the bank or a billion dollars in the bank… Success is really doing what you love and doing it well. It’s as simple as that. I’ve never met anyone doing that who doesn’t feel like a success. And I’ve met plenty of people who have not achieved that and whose lives are miserable.”
“Really getting to do what you love to do everyday—that’s really the ultimate luxury. And particularly when you get to do it with terrific people around you.”
3. Start now
As far as wealth, while he’d made it clear not everybody is going to be the next Warren Buffett doing the same things he had done, he simply said, “start right now, just do whatever you can.”
Like reading, the main principle of wealth building that Buffett emphasizes is the power of compound interest — or how the simple fact is that when you start saving outweighs how much you save. The more years you stay invested in something, and leave your capital untouched, it can add up to a large sum, even if you never invest another dime.
I’ve carried these lessons with me until today.
Though I don’t keep up with Warren’s 5 hours a day, I spend a very hefty chunk of my personal time reading, watching documentaries, going through training courses, and researching topics for the blog.
I’ve certainly learned a tremendous amount more in my post-university, self-directed education, in areas that impact my business, my wellbeing and my bank account far more than most subjects in school, and I’ve enjoyed it more.
Though it’s taken me many years to hone in specifically on the things that I truly love doing with my time, I have made the sacrifices to build my life and my business around my own interests. I’ve learned to rely on my own skills and resourcefulness to make a living since I quit my job in 2007, and with years of practice, failure, learning, and trying again, I’ve finally built a business where I’m fortunate to do work that is deeply fulfilling, and makes me excited to get out of bed in the morning.
I’m not a rich man by any stretch of the imagination, but I believe I have met Warren’s definition of success: I enjoy my role in the world, what I get to do, and I am surrounded by my favorite people. I have invested in the right things to create a life of my own design, to create incredible personal freedom and flexibility in my career, and I continue to make sacrifices to invest in my own business above everything else — constantly reinvesting in my own platform that allows me to produce new income streams.
If I hadn’t shook hands with such a jolly, generous billionaire at such a young age, who knows, my life could have gone very differently.
Mr. Buffett with my Dean Dr. Sanjay Varshney and mentor Thomas Matlock
I credit Warren Buffett for showing me it’s possible to march to your own beat, as opposed to following the typical template life path, and still manage to pull off incredible accomplishments.
Now I live in a beautiful tropical paradise with my wife and son, I’ve traveled over 35 countries, experienced more fabulous memories than I will ever be able to remember, teamed up with a stunningly beautiful young woman, and become a father to an amazing son. I am surrounded by fascinating people and supportive friends, and every day I get to spend my time with people I love.
It took me many years of near impossible struggle, but I’d say I’ve managed to manifest a very wealthy life. Thanks Warren.
Lesson learned: If the wealthiest investor and philanthropist in the world grew an astounding business from just a few dollars from his paper route, just maybe you can too.
https://herofoundry.org/wp-content/uploads/2006/07/Business-Futures-Warren-Buffet.jpg9881800Cody McKibbenhttps://herofoundry.org/wp-content/uploads/2024/08/HERO-Foundry-Warrior-logo-300x162.pngCody McKibben2006-07-20 17:58:002019-09-07 09:55:53Sacramento Business Students Meet with Warren Buffett
Dean Varshney and his assistant Thomas Matlock were accompanied to the event by Christopher Cady, President, Pulte Homes Corporation; Mitzi Caycendeo, Chipset Planning Analyst, Intel Corporation (EMBA student); Matt Cologna, VP Industrial Services Group, Grubb and Ellis; Karna Gocke, Associate Physician, UC Davis Medical Center (EMBA student); Kimberly Harrington, Sac State HR Training & Development; Chris Higdon, President and CEO, California Moving Systems; Earl King, VP/Branch Manager, Fidelity Investments (EMBA student); Cody McKibben, Administrative Support Assistant, CBA; Monoo Prasad, Senior Project Manager, Ebay; Tim Ray, Executive Director, External Affairs for Northern California, AT&T; Randy Sater, Senior VP, Teichert Land Company; David Snyder, Director of Economic Development for Placer County; Denver Travis, Professor, CBA; and Chiang Wang, Interim Associate Dean for Graduate and External Programs, CBA.
