So if I say to you, “I left my book downstairs,” it’s not just a statement. On, there’s another paragraph there on “rhythm,” with the concept being universal, which I’ve mentioned applies to animation (visual) and to music (sound), the silence between words, and so forth. This became the foundation of all my decisions. If you want to stay young forever, you walk away from negative things and stay away from negative emotions. It’s 50/50 whether you win or lose depending on what the judge feels about the case.Īccordingly, all my value systems changed to what I wrote on. In 1996 I had saved myself from going through legal hell for five years, in three different cases that would have really aged me and I could have lost anyways, based on the experience of the patent lawsuit. So, my whole value system for every decision I make is based on what will keep me young forever, and what will prevent negative emotions. He replied, “Rene, you chose life as your value system.” It clicked, “Wow”, I thought back to 1986 with my mother saying “pick a value system,” and to 1982 and I realized that my value system for all my future decisions going forward should have “no negative emotions and staying young forever.” Tormented by the size of the potential settlements, I asked one of my mentors if I had made the right decision. In summary, I walked away from three lawsuits in a 90-day period. We could have sued the Royal Bank, but it would have been costly and emotionally draining for several years. ATI eventually sold for $6 billion to AMD. LANPAR shareholders would have received 10 percent of ATI. I just needed 2 weeks for the $2 million balance. The bank called the loan even though I had raised 23 million dollars of the $25 million for ATI technologies to take over LANPAR, as a public company. #Night book summary each paragraph software#It was what was going to help you not live a life of being stressed out.Ĭoncluding the concept of making decisions based on value systems, in 1996 I walked away from three lawsuit situations: vetoing the settlement with Lotus, negotiating for a settlement related to the WINFAX software having its genesis in our R&D limited partnership, and suing the Royal Bank and Coopers & Lybrand. That’s why going back to 1982 maximizing money, or the strategic fit wasn’t the value system. Once I know what the value system is the basis of the decision, then it is easy.” Then in 1986, I asked my mother, “How do you always make such wise decisions?” She said “I pick the value system that will be the basis of the decision first. So, the decision was easy the value system for the decision was there. I won’t be under the pressure of waking up upset at 2 a.m. ITT as an American multinational has a reputation that if you don’t meet one or two quarter’s financial results and projections they could come and then shake up the management in your company.” It appeared that the people in Sweden were so nice that I could mess up and they would be more lenient. She didn’t answer with “Who’s going to pay you more?” or “Who’s more strategic?” Rather, she asked “Who, if they’re your partner, won’t keep you up at night pacing the floor at two in the morning? Who won’t upset you?” I replied, “That’s easy, the people in Sweden. Rather, it’s about selecting the value system that a decision will be based on.Īt the time, I was trying to decide if I should sell half of my company LANPAR Technologies which was doing $22 million in sales to ITT in the US, or Electrolux in Sweden. In 1982, I learned that making important decisions is not about checklists, or adding or “checking off” all the pluses and minuses. Here’s more on staying young forever, the universal concept of rhythm and betweenness, and making difficult decisions based on value systems. #Night book summary each paragraph how to#Staying Young Forever! Rene Pardo – co-inventor of the spreadsheet – shares observations about how to easily make difficult decisions, based on value systems, rather than traditional checking of positives and negatives.
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