In this episode, Scott Becker discusses Medtronic’s recent market hit, the importance of returning to fundamentals when facing challenges, and how setting clear decision-making principles can help manage time and energy effectively.
Chapter 1: What recent event affected Medtronic's market performance?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're going to give you three quick notes today. First, Medtronic took another chin yesterday for reporting earnings. They dropped about 7.5%. And while their cardiac business is going well, some of their other surgical businesses are not going well. And that's what's going on with Medtronic so far.
Chapter 2: What fundamental strategies can help during struggles?
Second concept is when you're struggling at anything, whether it be diet, fitness, golf, business, whatever it is, My first advice is to go back to the basics, maybe meditate a little bit too, but to go back to the basics. If it's diet, make sure you're drinking your water, getting your steps and getting your movement in, watching your eating.
Chapter 3: How can returning to basics improve performance?
If it's fitness, doing whatever the basics are you do for fitness. If it's investing, get back to index funds and treasuries. Whatever it is that you do, get back to the basics. If it's work, putting in a few good hours in the morning, whatever the basics are for you, get back to the basics when you're struggling. God knows I know the feeling of struggling.
Chapter 4: What are essential habits for personal and professional success?
uh third is the concept of for everything in life some inherent core rules and it probably makes sense to write them down for example if you're deciding to say yes or no to something you need some framework some governance principle for how you decide those things and it makes it a lot easier to get through life and to figure out am i saying yes or no to doing this
We constantly are developing those principles for what we want to do without overthinking it or overanalyzing it. There's things that we have to learn to say no to because the first goal in life is to manage your own self and your own energy and make sure that you can do that. So again, those are three stories or thoughts we have for today. One, Medtronic, take it on the chin.
Two, when you're struggling in anything, go back to the basics. And three, Learn your rules for saying yes and no to things so you have governing principles, and that makes life a lot easier to live and a lot easier to manage oneself, manage one's energy. Thank you for listening to the Becker Private Equity and Business Podcast. Have a fantastic day. Thank you very, very much.