confidence

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Confidence is like a secret sauce. It is hard to measure…so here’s what I would say to the American people in total. When you go to sleep at night think about the following before you get depressed and you see the market down 500 points: This nation is still the greatest nation on the planet. It was the first democracy on the planet. We have the best military. God bless all our veterans all around the world. Those who have served and those who are serving today. We have the best universities, best military, best rule of law, most innovation, the hardest working ethic of all. Those thing will be here for decades. They aren’t going away. The strength in the system will blow your socks off when it gets out of this malaise we’re in. [CNBC]

Before the vote, Mr. Papandreou called on Parliament and the people to show responsibility and seize “a critical opportunity to save the country from default.” “All Greeks have the duty and the ability to change this country,” he said. He defended the country’s foreign creditors, who have become a lightning rod for popular fury, saying, “They are giving us a helping hand in difficult times.” But tens of thousands of people gathered outside Parliament, many voicing rage at foreign lenders they see as a kind of occupying power and a government they blame for Greece’s financial crisis. “They destroyed the country,” said Terpsichore Theofili, 23, a history student, as she stood in the crowd in Syntagma Square outside parliament. “They should pay, not us,” she added. [NYT]

With bonus season rapidly approaching, one must ask his/herself an important question. This year, you can be one of two people– the guy who takes whatever number is offered him or the guy who picks one out of thin air, regardless of performance, visualizes it and brings it on home. If you want the latter, you can have it. But you’re going to have to allow yourself to be coached by the experts. To that end, today FINS offers a tip on what sort of body language emboldens a person to make big bets or demands.

Subjects who kicked back and threw their feet on a desk or leaned over and planted their hands far apart on a desk for about a minute showed spikes in testosterone, a hormone that cultivates dominant behavior, muscle growth and risk tolerance. At the same time, they showed decreases in cortisol, a hormone that is released as a response to stress. The results were consistent for males and females alike. The research, which was just published in Psychological Science journal, also showed that “high-powered posers” behaved differently and made different decisions based on the hormonal shift. After the initial posing experiment, each of the 42 subjects was given $2 and the choice of gambling the money on a 50/50 chance to win $4. Some 86% of those who had just struck powerful stances took the bet, compared to 60% of the subjects who had been in weaker positions.

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Listen up, people. It’s never to early to start talking year-end bonuses and in order to ensure you’ll be making it rain, today we’re going to talk about this: strategy. Pick a number, any number. Visualize that number. What is it? A unit? A buncha units? You want it? You can have it, so long as you arm yourselves with the tools to go get it. This is an organic conversation in which you should feel free to toss ideas of your own but to get things started I’m going to offer a bunch of tips I’ve picked up in conversations with seasoned vets. Such as:

1. You must–must!– have a wing-negotiator. I don’t care if it’s a first year analyst, an intern, or the receptionist, you need someone who’ll be there to a) back you up but most importantly announce your entrance. You will wait outside the conference room and he/she will go in and let everyone know, “Alright, you suits, prepare yourselves for [your first name]-motherfucking [your last name].” Continue reading »