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Harnessing Discipline in an Age of Distraction
The European Business Review· 2025-09-11 05:22
Core Insights - Vazgen Gevorkyan emphasizes that success is defined by discipline and consistent effort rather than visibility or speed [1][11] - His approach to leadership and mentorship is rooted in structured foresight and a commitment to long-term goals [8][9] Group 1: Career and Achievements - Gevorkyan transformed a legacy financial institution into Evocabank, Armenia's first digital-first bank, through years of research and system-building [3] - His hospitality venture, LES Art Resort, was developed over more than a decade, reflecting a belief in crafting meaningful destinations with care [4] Group 2: Leadership Philosophy - Gevorkyan's philosophy includes five truths for emerging leaders, emphasizing that the work itself must be the reward [5] - He advocates for lifelong learning driven by curiosity rather than prestige, highlighting that credentials can open doors but curiosity keeps them open [6] - He warns against viewing success as permanent and encourages continuous reflection on future goals [6] - Gevorkyan advises leaders to actively seek inspiration and take action before feeling ready [7] - He stresses the importance of personal ownership in one's career, asserting that discipline provides endurance through challenges [7][8] Group 3: Influence and Mentorship - Colleagues describe Gevorkyan's leadership style as understated yet uncompromising, focusing on team effort and high standards [9] - His influence is increasingly directed towards mentoring young entrepreneurs, helping them navigate a distraction-heavy environment [9][11]
Charlie Munger on the Habit That Creates Success
GuruFocus· 2025-08-01 21:26
Moral Duty & Wisdom Acquisition - Wisdom acquisition is considered a moral duty, not just for personal advancement [1] - This moral duty implies a commitment to lifetime learning [2] Lifetime Learning & Advancement - Individuals need lifetime learning to thrive and progress beyond their existing knowledge [2] - Future success depends on continuous learning after formal education [2]
Beyond Money: Charlie Munger's Blueprint for a Fulfilling Life
GuruFocus· 2025-08-01 10:01
Core Principles for Success - The safest way to get what you want is to deserve what you want, aligning with the golden rule of delivering value [1] - Deserved trust brings immense pleasure and is earned by providing the value you would seek if in the other party's position [2][3] - Wisdom acquisition is a moral duty, necessitating a commitment to lifetime learning for continuous advancement [3][4] - Continuous learning is crucial for long-term success, exemplified by Berkshire Hathaway's evolution and Warren Buffett's dedication to learning [5][8] - Developing the method of learning is as essential for personal progress as inventing the method of invention is for civilization's advancement [7] Avoiding Pitfalls - Self-serving bias can be detrimental, leading to overspending and other negative behaviors [9] - Envy, resentment, revenge, and self-pity are disastrous thought patterns to avoid, with self-pity potentially leading to paranoia [10] - Working under people you don't admire is dangerous due to the influence of authority figures [10][11] Strategies for Advancement - Seek to work under people you admire to improve outcomes and satisfaction [11][12] - Focus on continuous self-improvement and learning to become wiser each day [6]