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The Monday Morning Memo

STEP ONE: Distribute these 2 sheets.

STEP TWO: Deliver the speech below:

Ted Leonsis was on a little commuter airplane that lost the ability to use its wing flaps and landing gear. Faced with death, Ted wrote a bucket list of 101 things that he promised himself he would do if he lived. Start to finish, that bucket list took him 20 minutes. That means he added something to his list every 12 seconds.

By May 27 of 2021, Ted had done 81 of those 101 things.

What’s on your bucket list of 101 things you want to do? What I wrote on my list is unimportant. And what Ted Leonsis wrote on his list is unimportant. What is important is what you would put on your list.

What experiences are you interested in having?
What would you like to see, or do, or learn?

You’ve got 20 minutes. When I start the timer, start your list.

And whatever you do, don’t overthink it. And don’t worry about spelling.

Mark Twain said, “I can teach anybody how to get what they want out of life. The problem is that I can’t find anybody who can tell me what they want.”

I want you to be the exception that Mark Twain couldn’t find.

Remember, if you’re going to finish your list, you have to add something every 12 seconds.

Don’t overthink it.  Write down all the things that pop into you head.

I’m starting the 20-minute timer now.

Go.

STEP THREE: Call out at the appropriate times,
                     “15 more minutes.”
                     “10 more minutes”
                     “5 more minutes”
                     “2 more minutes”
                     “1 more minute”
         At the end of the 20 minutes, collect the papers. Hold them up and say…

“Once a week, from now on, we’re going to randomly select  one of the papers from this pile, and choose one of the things on the bucket list of that person, and then help them to achieve that goal, or have that experience. Sooner or later, it will be your week, and we’ll tell you what small thing we’re going to do to make sure you get to experience the thing we’ve chosen to help you experience. But it will definitely be one of the things on your list.”

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Random Quote:

“I was genetically blessed with a certain wiring that’s very useful in a highly developed market system where there’s lots of chips on the table, and I happen to be good at that game. Ted Williams wrote a book called The Science of Hitting and in it he had a picture of himself at bat and the strike zone broken into, I think, 77 squares. And he said if he waited for the pitch that was really in his sweet spot he would bat .400 and if he had to swing at something on the lower corner he would probably bat .235. And in investing I’m in a ‘no called strike’ business which is the best business you can be in. I can look at a thousand different companies and I don’t have to be right on every one of them, or even fifty of them. So I can pick the ball I want to hit. And the trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot. And if people are yelling, ‘Swing, you bum,’ ignore ’em. There’s a temptation for people to act far too frequently in stocks simply because they’re so liquid. Over the years you develop a lot of filters. But I do know what I call my ‘circle of competence’ so I stay within that circle and I don’t worry about things that are outside that circle. Defining what your game is – where you’re going to have an edge – is enormously important.”

- Warren Buffett, in the 2017 documentary, Becoming Warren Buffett

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