Monday, April 30, 2018

You cannot teach the new dogs old tricks


The title of this blog post comes from the greatest entrepreneur of all time. I hope you can agree, it is a phenomenal quote

We have all heard the saying, "You cannot teach an old dog new tricks." And, I happen to think it is one of the more pathetic sayings in all of existence. It is so sad and complacent.

Thanks to the science of neuroplasticity, we know, beyond a shadow of a doubt, that the human brain remains malleable throughout the life span.

For example, what do you know about Jim Arruda Henry? Here is a man who learned to read at the age of 92! (he subsequently went on to also write a book)

Most of us learned to read at an early age, so we may not appreciate just how hard it is. Perhaps a good equivalent is learning a second language. Do you speak two languages?

Now back to the title of this post, it is something Warren Buffett likes to say to his partner, Charlie Munger. Both gentleman are big fans of the concept, "Invert, always invert." Meaning, consider ideas from multiple perspectives.

We all hear people say you cannot teach an old dog new tricks. But what if the opposite were true? What if you cannot teach the new dogs old tricks? There sure seem to be something to it.

Of course, what Warren and Charlie are saying is that somethings can only be learned through time.

Here is an interesting paradox for ya. Have you ever noticed that the younger we are, the less patient we tend to be? Patience is a virtue generally learned through time, meaning, as we get older. So, the less time we have, the more patience we tend to be. Kinda crazy, right?

What about Win-Win? "Reciprocal altruism" as it is often called. Some people call it "enlightened self-interest." At the networking group BNI, they say "Givers Gain." They are all saying roughly the same thing.

However you wish to label it, reciprocal altruism is an advanced concept. And, it is seldom mastered by the new dogs. Indeed, it can be very hard to teach the old dogs old tricks.