Money Lessons with Andrew Temte, PhD, CFA

How to Build Empathy? Listen.

Far too often, when confronted with a challenge, we talk. We talk to deflect. We talk because we don’t know what else to do. We talk to release nervous energy. To make matters worse, when we start talking, we usually start relaying a story of a similar challenge that’s happened to us. The individual who’s going through the challenge doesn’t want to hear about our suffering or similar situation, they want to be heard.
https://www.andrewtemte.com/

Yes, They're Talking About You!

There are many truisms in business, and one that doesn’t get nearly enough attention is that as a leader rises through the ranks of an organization, the amount they are discussed, analyzed, and talked about increases in a non-linear fashion. I would periodically get asked if this bothered me during my career, and I would typically respond with a flippant: “My ears stopped buzzing long ago.” Meaning that it no longer bothered me. While marginally humorous in the moment, as I look back, my response was less than helpful and certainly didn’t reach the mark of a teaching moment.
https://www.andrewtemte.com/

The Weakest Link

Earlier this summer, I was in unavoidable earshot of a conversation between two acquaintances regarding team performance—specifically about an operational failure that had occurred in their business. They were lamenting about one of their co-workers, and the implication was that the co-worker was to blame. As a reminder, if I’m pointing a finger at someone else, three more are pointing right back at me.
https://www.andrewtemte.com/

Resilience and Recovery

Resilience is defined as “the capacity to withstand or to recover quickly from difficulties” (Oxford Dictionaries). The American Psychological Association defines resilience as “the process and outcome of successfully adapting to difficult or challenging life experiences.” In most definitions of resiliency, adversity, shock, and/or change occurs that an individual or system must adapt to. Individuals or systems that are resilient are able to absorb and adapt to said adversity, shock, or change more efficiently than their peers.
https://www.andrewtemte.com/

The Power of Music

Embrace the power of music. There’s an old saying that my father often repeats: “Keep a smile on your face and a song in your heart.” In this forum, I talk a lot about developing an agile, growth mindset and nurturing a strong portfolio of emotional intelligence tools. Embracing this old saying is one of many methods I’ve used through the years to keep my head screwed on straight and avoid the slide into a fixed mindset when the going gets tough. Yes, listening to your favorite music by yourself can be cathartic and healing, but periodically doing so in the company of an audience can be exponentially more powerful.
https://www.andrewtemte.com/

Self Love Comes First

On The Balancing Act Podcast, I routinely ask my guests for the advice they would give our listeners on how to optimize the balancing act between technical skill and human (a.k.a. soft) skill in the world of work. The answers to this question vary widely, but most answers share a common thread of building the skills of communication, active listening, presence, situational awareness, self awareness, and empathy/compassion. These are all the greatest hits of a solid emotional intelligence toolkit.
https://www.andrewtemte.com/

Purpose & Posture

The popular press is filled with “how to” guides on personal and professional fulfillment as well as tons of click bait on fad diets, how to get in shape, and develop washboard abs. Yes, it can be fun to vicariously live through others and dream of personal transformation, but those same dreams can be soul-crushing when we slide back into old habits and self-destructive behaviors and patterns that hold us back from making real progress.
https://www.andrewtemte.com/

Navigating the Feelings of Failure

“There are no failures in life, only learning opportunities.” “It’s only a failure if you don’t learn from it.” Phrases like this are designed to promote a lifelong learning mindset, but it can be incredibly difficult to separate the feelings of failure after something goes wrong from the need to learn from a failure, grow, and move on. I know from personal experience that I can get really stuck when I haven’t lived up to expectations, have failed to deliver on a commitment, or have had a project go completely sideways. It’s almost always these feelings of being a failure that lead me to spin unconstructively.
https://www.andrewtemte.com/

AI and Lifelong Learning

AI, AI, AI. Everyone’s talking about the challenges and opportunities that individuals, corporations, institutions, and governments face as artificial intelligence tools gain prominence in our daily lives. I’m amused by the shock and dismay that surrounds the debate in many circles—as if the rise of the efficacy of tools like ChatGPT 4, Bard, Bing, Chatsonic, etc., just arrived on the scene out of left field. We either knew or should have known that continued reductions in the incremental cost of computing, coupled with advances in natural language processing (NLP) experiments would yield offspring such as the large language models (LLM) we see today.
https://www.andrewtemte.com/

Is Hybrid/Remote Work Doomed to Fail?

I get asked periodically how companies will maintain and grow healthy corporate cultures in an environment of hybrid and/or fully remote work. The argument goes something like this: If my people aren’t together everyday, how can culture thrive? Sometimes, this question is a mask for unspoken undertones like damnit, I’m paying for this physical office space, I want it full of busy humans, or I don’t trust that the work is getting done if I can’t see it happening in front of me.
https://www.andrewtemte.com/