U.S. stocks dropped sharply toward the end of yesterday’s trading session, after being up earlier in the day. The decline was widely attributed to yesterday’s release of the Labor Department's April Consumer Price Index, which indicated inflation clocking well above many estimates. We’ve certainly discussed inflation before. We started warning our readers that it was coming back in March, 2021, long before most any other publication. And we have regularly offered our thoughts about how to invest in an high-inflation economy (see our April 22nd edition, for example), since we also were clear in our prediction that an inflationary environment would persist long past what most experts were suggesting.
Career Advice for College Grads
It’s that time of year again. The world is changing rapidly in ways that one often cannot control, predict, or even understand. As the anonymous author of the following advice wrote, “the one thing you have complete control over is your work ethic and your behavior.” From that unknown author:
If you are allowed to be in the office, go. Five days a week.
Work on improving your writing and skills. It makes a difference, no matter the job.
Dress better than the average person. People notice.
Arrive earlier than the highest level person who goes to the office. And then work when you arrive.
Don’t rush out. The relationships built "after hours" are how you truly get to know people.
Have a firm handshake (in addition to a good fist bump).
Read the WSJ. You’re in business now. Know what’s going on.
Don’t be on Instagram and Twitter all day — someone’s paying you for your time. 🙂
Take notes in meetings. Every meeting. It shows you value what others are saying.
Study on your own what your new job is. The more you study, the faster you’ll learn, the sooner you’ll make more $$.
Participate. Company events. Softball teams. Happy hours. Go. It’s awkward. You’re new. That’s how it is. Just be nice.
Work ethic. It’s all that you will be judged by in your first few months. How hard you work and your activity level. Just go hard.
Laugh. Find the humor in things. As you develop you will see things from a different perspective. How you see things day one may be completely different in six or twelve months.
Make work friends. No matter how many friends you already have don’t be the “I don’t need more friends person”. Having a great work friend(s) adds value to your life and they give you perspective.
Avoid the negative people. When someone is complaining about things, exit stage left. “Too early”. “Too upbeat”. “Too boring”. “Not fair”. “I’m tired and hungover”. When you hear those comments, don’t engage and get back to work.
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