The New Zealand Herald

Working more isn’t working smarter

- Carmel Fisher, founder and Director of Fisher Funds

Ireceived an email from a colleague at 4.43am last Friday, and another in the early hours of Saturday morning. I used to respond to such emails telling him to get back to bed — albeit many hours later, so it wasn’t that effective.

Now, I am less shocked at the time stamp on his correspond­ence, as I know he’s an insomniac and finds himself awake at horrible hours.

The only upside? He gets a crazy amount of work completed while the rest of us are sleeping.

We all know colleagues who work long hours — the guys and girls who are always at their computers so you never know if they’ve gone home.

Are long hours a prerequisi­te for success? My insomniac friend is hugely productive and a standout performer, but I’m not sure I can say that of all those in our industry who habitually work late into the night. Some work late because it’s an industry norm and nobody wants to be the first to leave the office.

The work-life balance debate featured recently in a Twitter exchange between technology investor Blake Robbins, who has worked for companies like Google and SpaceX, and venture capitalist Keith Rabois, a long-time investor and employee at start-ups PayPal and LinkedIn.

Robbins tweeted: “When I first got into tech, I thought it was ‘cool’ to work on the weekends or holidays. I quickly realised that’s a recipe for disaster. Not hanging with friends and family because you’re working isn’t cool. Burning out isn’t cool.

“I promise you . . . your competitio­n isn’t beating you because they are working

Work hard — harder than your competitor­s — but don’t go crazy

more hours than you. It’s because they’re working smarter.” Rabois quickly responded: “Totally false. Read a bio of Elon Musk. Or about Amazon. Or about the first four years of Facebook or PayPal. It is pure arrogance to believe you can outsmart other talented people.” Rabois is at the extreme end of the “hard work camp”. In a Stanford University class on start-up companies, he posted a slide quoting NFL coach Bill Walsh, “How to tell if you’re doing the job: If you’re up at 3am every night, have a knot in your stomach, a rash on your skin and you’re losing touch with your wife and kids.”

Rabois concluded, “If this doesn’t sound appetising, you probably shouldn’t start a company.”

At the other end of the debate are psychologi­sts who point to the “labour illusion”; it says people routinely confuse effort with results — to the point where effort is overapprec­iated relative to the outcome.

Psychology writer Oliver Burkeman says, contrary to the thinking that a jammed schedule equates to high productivi­ty, it has been very well demonstrat­ed that in certain fields — particular­ly those requiring creativity — less “work” can actually lead to more value.

There is, I think, a middle ground. Work hard — harder than your competitor­s — but don’t go crazy.

Mathematic­ian Richard Hamming once lectured on how people can do great work, “Nobel-Prize type of work”.

“Given t wo people of approximat­ely the same ability and one person who works 10 per cent more than the other, the latter will more than twice out-produce the former. The more you know, the more you learn; the more you learn, the more you can do; the more you can do, the more the opportunit­y.” The logic applies to most aspects of our life.

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