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Creators are so caught up in the pursuit of their work mission that they sacrificed all, especially the possibility of a rounded personal existence

How to be a Creator

by Eric Barker

1) Be curious and driven

For his book Creativity, noted professor Mihaly Csikszentmihalyi did interviews with 91 groundbreaking individuals across a number of disciplines, including 14 Nobel Prize winners. In 50 Psychology Classics Tom Butler-Bowdon summed up many of Csikszentmihalyi’s findings including this one: Successful creative people tend to have two things in abundance, curiosity and drive. They are absolutely fascinated by their subject, and while others may be more brilliant, their sheer desire for accomplishment is the decisive factor.

2) It’s not about formal education. It’s about hours at your craft.

Do you need a sky-high IQ? Do great geniuses all have PhD’s? Nope. Most had about a college-dropout level of education.

Via Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else:

Dean Keith Simonton, a professor at the University of California at Davis, conducted a large-scale study of more than three hundred creative high achievers born between 1450 and 1850—Leonardo da Vinci, Galileo, Beethoven, Rembrandt, for example. He determined the amount of formal education each had received and measured each one’s level of eminence by the spaces devoted to them in an array of reference works. He found that the relation between education and eminence, when plotted on a graph, looked like an inverted U: The most eminent creators were those who had received a moderate amount of education, equal to about the middle of college. Less education than that—or more—corresponded to reduced eminence for creativity.

But they all work their ass off in their field of expertise. That’s how to be a genius. Those interested in the 10,000 hour theory of deliberate practice won’t be surprised. As detailed in Daily Rituals: How Artists Work, the vast majority of them are workaholics.

Via Daily Rituals: How Artists Work

“Sooner or later,” Pritchett writes, “the great men turn out to be all alike. They never stop working. They never lose a minute. It is very depressing.”

In fact, you really can’t work too much.

Via Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else:

If we’re looking for evidence that too much knowledge of the domain or familiarity with its problems might be a hindrance in creative achievement, we have not found it in the research. Instead, all evidence seems to point in the opposite direction. The most eminent creators are consistently those who have immersed themselves utterly in their chosen field, have devoted their lives to it, amassed tremendous knowledge of it, and continually pushed themselves to the front of it.

3) Test Your Ideas

Howard Gardner studied geniuses like Picasso, Freud and Stravinsky and found a similar pattern of analyzing, testing and feedback used by all of them:

Via Creating Minds: An Anatomy of Creativity Seen Through the Lives of Freud, Einstein, Picasso, Stravinsky, Eliot, Graham, and Ghandi:

Creative individuals spend a considerable amount of time reflecting on what they are trying to accomplish, whether or not they are achieving success (and, if not, what they might do differently).

Does testing sound like something scientific and uncreative? Wrong. The more creative an artist is the more likely they are to use this method:

Via Little Bets: How Breakthrough Ideas Emerge from Small Discoveries

In a study of thirty-five artists, Getzels and Csikszentmihalyi found that the most creative in their sample were more open to experimentation and to reformulating their ideas for projects than their less creative counterparts.

4) You Must Sacrifice

10,000 hours is a hell of a lot of hours. It means many other things (some important) will need to be ignored. In fact, geniuses are notably less likely to be popular in high school. Why? The deliberate practice that will one day make them famous alienates them from their peers in adolesence.

Via Quiet: The Power of Introverts in a World That Can’t Stop Talking:

…the single-minded focus on what would turn out to be a lifelong passion, is typical for highly creative people. According to the psychologist Mihaly Csikszentmihalyi, who between 1990 and 1995 studied the lives of ninety-one exceptionally creative people in the arts, sciences, business, and government, many of his subjects were on the social margins during adolescence, partly because “intense curiosity or focused interest seems odd to their peers.” Teens who are too gregarious to spend time alone often fail to cultivate their talents “because practicing music or studying math requires a solitude they dread.”

At the extremes, the amount of practice and devotion required can pass into the realm of the pathological. If hours alone determine genius then it is inevitable that reaching the greatest heights will require, quite literally, obsession.

Via Creating Minds: An Anatomy of Creativity Seen Through the Lives of Freud, Einstein, Picasso, Stravinsky, Eliot, Graham, and Ghandi:

My study reveals that, in one way or another, each of the creators became embedded in some kind of a bargain, deal, or Faustian arrangement, executed as a means of ensuring the preservation of his or her unusual gifts. In general, the creators were so caught up in the pursuit of their work mission that they sacrificed all, especially the possibility of a rounded personal existence. The nature of this arrangement differs: In some cases (Freud, Eliot, Gandhi), it involves the decision to undertake an ascetic existence; in some cases, it involves a self-imposed isolation from other individuals (Einstein, Graham); in Picasso’s case, as a consequence of a bargain that was rejected, it involves an outrageous exploitation of other individuals; and in the case of Stravinsky, it involves a constant combative relationship with others, even at the cost of fairness. What pervades these unusual arrangements is the conviction that unless this bargain has been compulsively adhered to, the talent may be compromised or even irretrievably lost. And, indeed, at times when the bargain is relaxed, there may well be negative consequences for the individual’s creative output.

5) Work because of passion, not money

Passion produces better art than desire for financial gain — and that leads to more success in the long run.

Via Dan Pink’s Drive: The Surprising Truth About What Motivates Us:

“Those artists who pursued their painting and sculpture more for the pleasure of the activity itself than for extrinsic rewards have produced art that has been socially recognized as superior,” the study said. “It is those who are least motivated to pursue extrinsic rewards who eventually receive them.”

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Buffett declares bonds are “terrible investments”; “people could lose a lot of money if they’re in long-term bonds”

May 10, 2013 5:56 pm

Alternatives to Buffett’s ‘terrible’ bonds

By Elaine Moore

Warren Buffett, America’s best-known investor and the world’s fourth-richest person, has made his feelings about bonds clear, declaring them “terrible investments”.

Speaking on US television this week, the chief executive of Berkshire Hathaway said that many investors had been drawn to bonds because their prices tend to rise as interest rates fall. But, he warned, when the situation changes “people could lose a lot of money if they’re in long-term bonds”.

Talk of a “bond bubble” and a “great rotation” away from bonds and towards equities is not new. But bonds are still popular. The best selling sector for Individual Savings Accounts (Isa) money in the most recent tax year was the Sterling Strategic Bonds, according to the Investment Management Association. But in recent months investors have started to put more money in equities than bonds. Read more of this post

Fed Maps Exit From Stimulus

Updated May 10, 2013, 7:19 p.m. ET

Fed Maps Exit From Stimulus

Timing of Wind-Down Is Uncertain, but Focus Is on Managing Unpredictable Market Expectations

By JON HILSENRATH

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Federal Reserve officials have mapped out a strategy for winding down an unprecedented $85 billion-a-month bond-buying program meant to spur the economy—an effort to preserve flexibility and manage highly unpredictable market expectations. Officials say they plan to reduce the amount of bonds they buy in careful and potentially halting steps, varying their purchases as their confidence about the job market and inflation evolves. The timing on when to start is still being debated. The Fed’s strategy for how and when to wind down the program is of intense interest in financial markets. While the strategy being debated leaves the Fed plenty of flexibility, it might not be the clear and steady path markets expect based on past experience. Officials are focusing on clarifying the strategy so markets don’t overreact about their next moves. For example, officials want to avoid creating expectations that their retreat will be a steady, uniform process like their approach from 2003 to 2006, when they raised short-term interest rates in a series of quarter-percentage-point increments over 17 straight policy meetings. Read more of this post

How Is an IPO Like a Marriage? The Billionaire Founder of China’s Alibaba Goes Public. “I’m like a bride on her wedding day. All she knows how to do is grin.”

May 10, 2013, 8:38 p.m. ET

Weekend Confidential: Jack Ma of Alibaba

How Is an IPO Like a Marriage? The Billionaire Founder of China’s Alibaba Goes Public.

By ALEXANDRA WOLFE

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‘I want to get back to normal,’ he insists. ‘I think if you asked Bill Gates, he wants to be back to himself.’

A week before he was set to step down as chief executive of Alibaba, one of the world’s largest e-commerce companies, Jack Ma was enjoying breakfast on an outdoor patio in Santa Monica, Calif. Worth an estimated $4.2 billion, the Chinese entrepreneur may grow even richer if the company he founded 14 years ago goes public. Philanthropy has brought him to California on this trip, but he has no intention of joining the famous billionaires’ pledge and donating at least half his money to charity. “This idea of giving your money out was not created by Gates and Buffett. It was created by the Communist Party in the 1950s!” he says with a laugh.

That wasn’t the only thing that had Mr. Ma, 48, chuckling. Since he announced his transition to executive chairman in January—he handed over the reins Friday—he has stoked speculation about a potential Alibaba IPO. With an estimated value of about $60 billion, the company could be one of the year’s hottest tech offerings if it makes the move. Read more of this post

How the Rich Play the Market, making the most of their advantages—and how they mess up

Updated May 10, 2013, 7:55 p.m. ET

How the Rich Play the Market

By JASON ZWEIG

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F. Scott Fitzgerald wasn’t entirely right. The very rich are different from you and me—but not by much. A new study offers a comprehensive look at the portfolios and investment decisions of several hundred of the wealthiest families in the U.S. Every investor, rich or otherwise, can learn from how these people make the most of their advantages—and from how they mess up. These households, with an average net worth of roughly $90 million, invest intelligently, for the most part, spreading their bets widely, seldom trading and keeping their investing taxes to a minimum. But the superrich also commit rookie mistakes. Their approach to diversification might not always be ideal. They chase investment fads like dogs chasing parked cars. They freeze with fear just when bravery is most likely to be rewarded. Maybe the “smart money” isn’t so different from the middle-class “dumb money” that Wall Street likes to mock. Read more of this post

Carbon dioxide in atmosphere at highest level for 5 million years

Carbon dioxide in atmosphere at highest level for 5 million years

Atmosphere rising at fastest rate since records began

TOM BAWDEN 

FRIDAY 10 MAY 2013

The concentration of carbon dioxide in the atmosphere has breached the symbolically important level of 400 parts per million (ppm) for the first time in 5 million years after rising at its fastest rate since records began. Average daily CO2 levels jumped by 2.74 ppm in the first 17 weeks of 2013, compared to last year, the biggest increase since the benchmark monitoring stations high on the Hawaiian volcano of Mauna Loa began taking measurements in 1958. Read more of this post

Mattel Continuously Innovates to Keep Barbie Alive in a Tech World

Mattel Continuously Innovates to Keep Barbie Alive in a Tech World

by Abram Brown | May 11, 2013

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In an era when iPad apps and videogames practically demand children’s attention, Mattel continues to lead by innovating with its old-school plastic playthings

Head 10 minutes south of Los Angeles international airport on the 405, exit at El Segundo and you’ll blunder upon a 200,000-square-foot concrete bunker lurking among the strip malls in this seedy bit of Los Angeles County. The low-slung structure, surrounded by a black iron fence, was once an aircraft parts factory. It now houses the design laboratories of Mattel, Inc, the world’s largest toymaker, and deep inside the high-security facility, a crack 12-person team of screenwriters, computer animators, comic book artists and industrial designers are busy engineering the next great American toy: Max Steel.  In physical form, Steel will be a 6-inch plastic superhero action figure, with a well-developed  backstory: His mission is to harness the turbo energy he possesses to morph into different cyborg forms and save the world from monsters bearing names like Elementor and Dredd. And, just like Superman, he has a mild-mannered alter ego: Maxwell McGrath, a 16-year-old high school kid with brown hair and a square jaw. The Max Steel doll won’t be appearing on US retail shelves until August, but his launch is already well under way. Pull up maxsteel.com and you can play the Max Steel: Hero’s Journey videogame, watch videos introducing him or download a Max Steel mask. In March, a Max Steel cartoon premiered on Disney’s XD digital cable and satellite channel and will soon be available in more than 100 different markets worldwide. Toys used to spring from entertainment. Now entertainment supports the toys. “Having an action hero that’s on for a steady basis—on television, on webisodes, on digital—is going to create a more consistent demand for that product,” says Mattel’s chairman and chief executive, Bryan Stockton. Read more of this post

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