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TradeBriefs Editorial

From the Editor's Desk

The Danger of Comparing Yourself to Others

The most important things in life are internal not external.

"The big question about how people behave," says Warren Buffett, "is whether they've got an inner scorecard or an outer scorecard. It helps if you can be satisfied with an inner scorecard." To make his point, Buffett often asks a simple question: Would you rather be the world's greatest lover, but have everyone think you're the world’s worst lover? Or would you rather be the world's worst lover but have everyone think you're the world’s greatest lover?

Comparing ourselves to others allows them to drive our behavior. This type of comparison is between you and someone else. Sometimes it's about something genetic, like wishing to be taller, but more often it's about something the other person is capable of doing that we wish we could do as well. Maybe Sally writes better reports than you, and maybe Bob has a happier relationship with his spouse than you do. Sometimes this comparison is motivating and sometimes it's destructive.

Continued here

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