Over five million people watch CNBC’s shocking true crime drama, American Greed, the series that examines the dark side of the American Dream. This show wows audiences with compelling evidence of something we all know: Some people will do anything for money. Greed makes for great entertainment.
In my previous post, we unpacked Humility vs. Egotism, the first of the Great 8 leadership virtues from my new book “The Great 8: A New Paradigm for Leadership.” Today, we’ll discuss how being too busy can derail your business, and how the second virtue, Empathy vs. Busyness, can help you “slow down” enough to build the strong relationships you need to accelerate your company’s growth.
In my previous post, I shared a story about how at Legacy Advisory Partners we arrived at the decision to forgo developing a list of corporate values for our company in favor of adopting what we have since coined “The Great 8” leadership virtues -- which form the foundation for my new book The Great 8: A New Paradigm for Leadership. In this post, I provide an overview of those eight virtues and talk about how essential they are to strengthening your company's culture -- and competitive advantage.
In 1974, Congress enacted a piece of legislation called the Employee Retirement Income Security Act, and ever since then the Department of Labor has been tasked with protecting America’s tax-preferred retirement savings. Those original ERISA rules were made before the 401(k) even existed, and just shortly after the IRA was introduced, and the rules have never been changed since then—so it was only a matter of time before some tweaks were offered. That’s exactly what happened earlier this year—but what changes have been made, and what are their implications?
There is a common misperception among investors, that having a successful portfolio ultimately boils down to selecting the best (or worst) funds within a particular asset class. There is some truth to this—of course, being smart in investment selections matters—but actually, statistics reveal that most returns are generated by asset allocation.