In these times when we can so easily be drawn into a focus on the near term, to the “inconceivable” events on Brexit or other matters, do remember that even Brexit will come to an end.
Inconceivable
As I write this, yet another episode in the Brexit drama has just taken place. It seems it will never end, with it being the only item in the news and often on the minds of the populace. The U.K. has an unwritten constitution that has, in general, served well for hundreds of years, but since the Brexit referendum in 2016 it has been tested more and more and over and over and many feel it has repeatedly been found wanting.
In fact, the word inconceivable comes to mind, as so many feel that not even the most far fetched screenwriter could make up what is happening.
Across in the USA, their President is operating in an even more inconceivable manner, making statements at increasingly inconceivable levels on an almost daily basis.
And yet, this too shall pass.
This too shall pass
For leaders, a key strength is to stay focussed on the big picture when short term events could easily distract them.
For example, listed companies will have long term visions and strategies that extend over years and decades, but the stock market reports price changes moment by moment and their institutional investors insist on quarterly earnings calls.
It is critical, then, to stay the course, whether that is on business planning being long term versus short term, or focussing on the underlying fundamentals This is exaggerated by elements such as short term reporting to investors, or by politicians making radical changes to the overall environment, leading one to lose sight of the underlying fundamentals of the economy in one’s decision making.
Warren Buffett’s favourite quote is from his mentor, Benjamin Graham:
“In the short run the market is a voting machine. In the long run it’s a weighing machine.”
Or, as the legend of King Solomon’s ring states, “This too shall pass”. For the full story of that legend, follow the link here.
In these times when we can so easily be drawn into a focus on the near term, to the “inconceivable” events on Brexit or other matters, do remember that even Brexit will come to an end.
PS Oh, and while I sound rational and calm about Brexit, trust me, I don’t feel that way. I feel frustrated, angry, disappointed and more. However, I recognise that when I’m feeling reactive I cannot function effectively, I must be in a place to respond rather than react. Hence, I write this post to also remind myself that “this too shall pass”.
If it may be of service to you as a business leader to take 30 minutes to reflect and focus, book and introductory call with me, I’d be happy to connect.
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