Simple Is Not Always Obvious

Simplicity frees the mind of all confusion. Simple is complex until you sort out the ideas. Find some approaches.

Everything is at least two sided. 

There is the thing you are thinking about and the thing it is not. Understanding both usually adds clarity. Recently I mentioned how you study memory by studying forgetting. By studying tax tactics by understanding after tax.

Litigation lawyers always prepare, or at least understand, the opponent’s position.

Recognizing simplicity 

If it is difficult to explain, it is not simple. Sometimes you can, “Keep it simple stupid.” The KISS method. In times of desperation the Miss method can work. Make it simple.

Doing that is like Michelangelo’s approach to sculpture. Take a sound piece of stone and chip away the unnecessary part.

Don’t overdo it

Einstein claimed that a thing should be made as simple as possible but no simpler. Over-simplification usually loses track of important elements.

What must be true?

You can gain important insight by asking a simple question, “What must be true for this opportunity to work.” perhaps a better one is, “Of all the people in the world who have the skills and resources to do this, why am I chosen?” Those questions help to keep you objective.

What must remain true? 

The last one into a dying industry loses. Don’t be the one.

Some deals rely on there being a bigger fool. 

Don’t be that. Understand due diligence. Discover the skill set that works. Don’t assume you can get out if you want.

Simplicity is closely attached to objectivity, meaning,  and common sense. Develop your own methods of clarifying situations. Then rely on what you find.

Don’ t pay much attention to features and optional extras. 

Don Shaughnessy arranges life insurance for people who understand the value of a life insured estate. He can be reached at The Protectors Group, a large insurance, employee benefits, and investment agency in Peterborough, Ontario.  In previous careers, he has been a partner in a large international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business.

Please be in touch if I can help you.  don@moneyfyi.com  866-285-7772

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