Investor Terry Smith champions 'obliquity,' the idea of achieving great results by not aiming directly for them. Citing the McLaren F1 car—designed to be the best, not the fastest—he argues that focusing on excellence itself, rather than just getting rich, is the true driver of immense success.

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McLaren's CEO operates by setting ambitious goals first and then finding the resources, rather than letting current resources limit his ambition. This approach, driven by a 'fear of defeat' from setting a high bar, creates the pressure needed to achieve what seems impossible.

Extraordinary success often comes not from a revolutionary idea, but from taking a simple concept—like hosting a cocktail party or building a vacuum—and applying an obsessive, world-class level of seriousness and craftsmanship to it. The 'what' matters less than the depth of commitment.

Gary Vee attributes his success to not caring about the trophies, follower counts, or bank account. He argues that this detachment from the results is the core equation for achieving them, as it focuses all energy on the process of value creation itself.

The best long-term strategy isn't the one with the highest short-term growth, but the one you're genuinely passionate about. This intrinsic motivation leads to sustained effort and eventual success, even if it seems suboptimal initially. It's about playing the long game fueled by passion, not just metrics.

The conventional path demands you follow a standardized track and just be 'better.' Unconventionally successful people ('dark horses') invert this. They prioritize personal fulfillment, and professional excellence becomes the natural byproduct of that authentic pursuit.

Intelligence is common, but the true differentiator for massively successful people is an unquenchable hunger. This is not a desire to reach a specific goal, but a perpetual, internal drive to constantly grow, achieve, and contribute more.

Terry Smith advocates for externalizing your ambition to be the best, even at the risk of public failure. Citing Theodore Roosevelt's 'Man in the Arena' speech, he believes this transparency sets a high bar, fosters accountability, and prevents you from becoming a 'timid soul who never knows either victory nor defeat'.

The intense drive for achievement in many founders isn't primarily about wealth accumulation. Instead, it's a competitive need to win and prove themselves, similar to an athlete's mindset. Financial success serves as a quantifiable measure of their performance in this "sport."

The solution to the "too ambitious" problem seen in corporate scandals like Enron isn't to dial down ambition. Instead, it's to channel that powerful drive towards positive, moral outcomes. This reframes ambition from a potential vice into a potent force for good when given the right direction.

The secret to top-tier long-term results is not achieving the highest returns in any single year. Instead, it's about achieving average returns that can be sustained for an exceptionally long time. This "strategic mediocrity" allows compounding to work its magic, outperforming more volatile strategies over decades.

Achieve Ambitious Goals with 'Obliquity': Focus on Excellence, Not the Financial Payoff | RiffOn