Thomas Edison was once called, âthe worldâs greatest investor and the worldâs worst businessman.â
A magazine editor dubbed Edison âthe most difficult husband in America.â
No one has it all, I guess.
Edison helped push forward the light bulb, phonograph and motion picture camera. By most accounts, he was also a complex person who put his work above everything else in his life.
One story came from a friend who happened to be walking by Edisonâs lab late one night. He found Edison dozing off at his desk in the lab.
âWhat time is it?â asked Edison.
âMidnight,â replied the friend.
âIs that so?â replied Edison who was still waking up from his nap. âBy George. I must go home, then. I was married today.â
The guy was in the lab on his wedding night.
Hereâs another story from The Wizard of Menlo Park that explains how difficult it was for his wife to get him to leave the laboratory:
A man who did odd jobs around the Menlo Park lab, for example, tells a story of how Mrs. Edison managed to get Mr. Edison home, where she âdolled him up in a fifty-dollar suit.â Edison stayed put for a short while âlooking pretty,â then fled for the lab. In the tale, Edison was found at the lab two weeks later, still wearing the same suit, having not been home the whole week.
Edison probably didnât need to work as hard as he did to achieve his goals. But his personality was such that cutting back on his work simply wasnât an option. The traits that helped him excel as an inventor also made him a terrible husband.
When I was younger these kinds of stories about people who worked around the clock to create something magical were inspirational. Now that Iâm older and my priorities have changed I find these stories sad.
I respect the accomplishments and innovations, but I donât envy the person anymore.
Donât get me wrong, I enjoy working. Striving to get better and work on interesting or challenging projects is important to me. But spending your entire life focused on work seems like a waste.
Maybe itâs a personality thing (I am not a type A at all) or just the stage of life Iâm at with young children. I canât imagine making work my sole priority in life.
Patrick OâShaughnessy had Michael Ovitz on Invest Like the Best recently. Ovitz is the founder of CAA, the most dominant talent agency ever created in the entertainment business. Ovitz talked about what it takes to be a good founder:
I donât know a founder that Iâve worked with anywhere that isnât driven like the snow. And if you canât keep that pace up for 20 years, and I mean that, thereâs no business Iâve ever seen that can get up and running in under seven to 10 years. I donât know why itâs that number. But if you look around and start seeing when did businesses hit critical mass, itâs seven to 10 years.
And if you donât have the energy and the desire and that burning sensation in your gut and the fear of failing and a desire to make it for the right reasons, and it canât just be financial, by the way. You got to want to do something with your gains thatâs socially important. Thatâs a very important item for me, donât do it, donât do it, donât do it. Iâve been blessed with meeting really great founders and working with some of the brightest young people in our country.
I think that if you donât want to put the time and effort in and you donât have a belief â if you donât believe in your idea, donât start a business. And if you canât do momentum, I did 250 calls a day.
Ortiz talked about working 7 days a week, day and night, for 20 years straight to build his business.
This was a theme in Ovitzâs biography Who is Michael Ovitz? as well. I went back to my Kindle notes1 from the book and this passage stood out to me on review:
In 1979, when I was thirty-three, Ted Ashley at Warner Bros. took me aside and said, âIâm going to give you some great advice.â He grinned ruefully. âAnd, knowing you, youâre not going to take it. But here it is: I could have worked ten percent less, and it wouldnât have made a difference in my professional success. But I would have been a lot happier.â
Ted was absolutely right on both countsâit was great advice, and I didnât take it. I see now that I could have worked as much as 20 percent less, and it wouldnât have cost me. If Iâd worked even 10 percent less, across thirty years, thatâs three whole extra years of life Iâd have enjoyed.
The problem for type-A personality people is they probably canât dial it back because their hard-charging nature is what got them where they are in the first place.
In his book, Ovitz shared a passage from his friend and former client, the late Michael Crichton:
If you want to be happy, forget yourself. Forget all of itâhow you look, how you feel, how your career is going. Just drop the whole subject of youâŠPeople dedicated to something other than themselvesâhelping family and friends, or a political cause, or others less fortunate than theyâare the happiest people in the world.
Thatâs great advice.
Unfortunately, Ovitz told Patrick that Crichton had trouble taking his own advice:
Itâs a very, very difficult thing to address, and Iâll tell you why. Michael said that as advice to other people. The one thing about Michael is he was often in his own head and didnât take his own advice.
Itâs easy to be envious of uber-successful people but itâs important to remember no one has it all figured out.
Like most things in life, success is often in the eye of the beholder.
Luckily, there are many different definitions when it comes to finding success. You just have to find the one that suits your personality and circumstances.
Further Reading:
Everyone Struggles
1This is one of the reasons I love reading on my Kindle Paperwhite. You can view every passage you highlighted in the past when you invariably forget most of the books youâve read like I do.
