Targeted Bets 🐘

The biggest takeaway from reading “Poor Charlie’s Almanack” is that the late great investor Charlie Munger preached the importance of having, acquiring, and applying mental models.

Lot of success comes down to identifying how to increase our odds in a crowded marketplace where many are vying for the same pie. This post by Sean Muirhead provides good insight in a terrible job market (2023-ongoing).

The biggest takeaway for me is that you need to be intentional, and think hard about what is that I want? Even if it is - I just need a job, I don’t care which (many people say this, but there is always a “but” when you listen), sending resumes to blackholes and keeping fingers crossed has not worked at all for much of the people on the market.

Sean’s mental model of targeted bet is applicable for much more than just job hunt, and it definitely gave me a pause and prompted me to reconsider my approach to how I am going about my current job search.

After coming back to US from India after in mid 2024, I was in the boat of “I need a job right away”, and I was lucky enough to find a job that is very close to where I lived, in a respected organization, doing something that is currently hot (Generative AI), as well tap into my experience. I am currently on the lookout, attempting to leverage my experience into a robust role where I can make a bigger impact.

I will be making targeted bets.