Compassion: Case Studies

personal995
Jun 1, 2024
7 min read

Updated: Dec 5, 2024

Index

The Genie Story by Warren Buffett
Mother Teresa
Clara Barton

Joseph Stalin
Bernie Madoff

Introduction

Take heed of the stories of others. We are a storying telling species, they help us remember.

We often won't understand the ramifications of poor planning, preparation or actions until it is too late. We have all had to learn something over and over. Either 'the penny doesn't drop,' we have cognitive biases that hold us back, or we do not quite yet have the accumulated knowledge or experience to tie it all together.

The Case Studies are provided to help show what can happen when it all comes together or caution what can happen if it doesn't.

The Case Studies are just appetisers to get you started. Read the referenced further readings in the Library (or similar books that might more readily align with your specific goals) to really submerse yourself into another's experience and absorb the learnings.

Process

As with the Lessons, review these Case Studies as and when it best serves you to do so:

Review with the aim of prevention in mind. To avoid having to learn the hard way yourself.
Review if you are stuck on a specific phase or step.
Review if you are making repetitive errors.
Review if you need inspiration and motivation.
Review if you need to review or reconstruct your Models & Theories.
Review if you are looking for inspiration for Values or Goals.
Absorb and Action the Case Studies:
Document any insights or ideas in your Templates and ultimately if suitable, in your Action Plan.
Read more deeply about someone you may want to emulate.
If the individuals mentioned do not resonate with you, who does? Discover them and learn their story.
Take what you learn and put it into action.
Whatever you discover that you need to learn, whether positive or negative, it doesn't really matter. Again, what matters is what you do next.
Continually learn, continually improve and move forward.

Case Studies: By Example

1. The Genie Story by Warren Buffett

“Imagine that you were going to be born 24 hours from now. And you’d been granted this extraordinary power. You were given the right to determine the rules — the economic rules — of the society that you were going to enter. And those rules were going to prevail for your lifetime, and your children’s lifetime, and your grandchildren’s lifetime.

Now, you’ve got this ability in this 24-hour period to make this decision as to the structure, but — as in most of these genie-type questions — there’s one hooker.

You don’t know whether you’re going to be born black or white. You don’t know whether you’re going to be born male or female. You don’t know whether you’re going to be born bright or retarded. You don’t know whether you’re going to be born infirm or able-bodied. You don’t know whether you’re going to be born in the United States or Afghanistan.

In other words, you’re going to participate in 24 hours in what I call the ovarian lottery.

It’s the most important event in which you’ll ever participate. It’s going to determine way more than what school you go to, how hard you work, all kinds of things. You’re going to get one ball drawn out of a barrel that probably contains 5.7 billion balls now, and that’s you.

Now, what kind of a society are you going to construct with that in prospect?

You would try to figure out a system that is going to produce an abundant amount of goods, and where that abundance is going to increase at a rapid rate during your lifetime, and your children and your grandchildren, so they can live better than you do, in aggregate, and their grandchildren can live better. So you’d want some system that turned out what people wanted and needed, and you’d want something that turned them out in increasing quantities for as far as the eye can see.

But you would also want a system that, while it did that, treated the people that did not win the ovarian lottery in a way that you would want to be treated if you were in their position. Because a lot of people don’t win the lottery.

When (Charlie Munger and I) were born the odds were over 30-to-1 against being born in the United States. Just winning that portion of the lottery, enormous plus. We wouldn’t be worth a damn in Afghanistan. We’d be giving talks, nobody’d be listening. Terrible. That’s the worst of all worlds. So we won it that way. We won it partially in the era in which we were born by being born male.

When I was growing up, women could be teachers or secretaries or nurses, and that was about it. And 50 percent of the talent in the country was excluded from, in very large part, virtually all occupations.

We won it by being white. You know, no tribute to us, it just happened that way.

And we won it in another way by being wired in a certain way, which we had nothing to do with, that happens to enable us to be good at valuing businesses. And you know, is that the greatest talent in the world? No. It just happens to be something that pays off like crazy in this system.

Now, when you get through with that, you still want to have a system where the people that are born — like Bill Gates or Andy Grove or something — get to turn those talents to work in a way that really maximizes those talents. I mean, it would be a crime to have Bill or Andy or people like that, or Tom Murphy, working in some pedestrian occupation just because you had this great egalitarian instinct.

The trick, it seems to me, is to have some balance that causes the people who have the talents that can produce goods that people want in a market society, to turn them out in great quantity, and to keep wanting to do it all their lives, and at the same time takes the people that lost the lottery and makes sure that just because they, you know, on that one moment in time they got the wrong ticket, don’t live a life that’s dramatically worse than the people that were luckier.“

2. Mother Teresa

Known for her humanitarian work and dedication to serving the poorest of the poor, Mother Teresa's life is a testament to the positive impact of compassion on both individual lives and society.

One of Mother Teresa's notable endeavors was the founding of the Missionaries of Charity, a religious congregation that focused on providing care for the sick and destitute. She dedicated her life to serving those in need, embracing individuals who were often marginalized and forgotten by society.

Mother Teresa's compassion was not limited to material assistance but extended to acknowledging the inherent dignity of each person. She touched the lives of countless individuals through her hands-on care, love, and commitment to alleviating suffering.

Mother Teresa's legacy continues to inspire people worldwide. Her unwavering commitment to compassion, selfless service, and recognizing the humanity in everyone serves as a powerful example of how individual acts of kindness can bring about profound positive change in the lives of others and contribute to the betterment of society.

Further reading: Mother Teresa (Kathryn Spink)

3. Clara Barton

Clara Barton is a historical figure who exemplifies the benefits of developing compassion for others. Clara Barton was a pioneering nurse, teacher, and humanitarian who made significant contributions during the American Civil War and beyond.

Clara Barton's compassion became particularly evident during her work as a nurse on the front lines of the Civil War. She earned the nickname "Angel of the Battlefield" for her dedication to caring for wounded soldiers. Barton often ventured close to the front lines to provide medical aid and comfort to those in need.

After the war, Barton continued her compassionate work by helping to locate missing soldiers and identify those who had died. She played a crucial role in establishing the American Red Cross in 1881, drawing inspiration from the International Red Cross movement. Barton's efforts extended beyond wartime, as she led disaster relief operations, including responding to natural disasters like hurricanes and floods.

Clara Barton's story demonstrates how individual compassion, particularly in times of crisis, can lead to the establishment of enduring institutions that continue to serve humanitarian purposes. Her dedication to alleviating suffering and her ability to turn compassion into meaningful action had a lasting impact on the field of humanitarian relief.

Further reading: The Life of Clara Barton - Founder of the American Red Cross (William Barton)

By reviewing these lessons above you can gain inspiration, seek clarity, deepen your awareness of where you can improve and compound your results moving forward.

Case Studies: Cautionary Tales

1. Joseph Stalin

One cautionary tale that illustrates the risks of not developing compassion for others involves Joseph Stalin, the leader of the Soviet Union from the mid-1920s until his death in 1953.

Stalin's leadership was marked by authoritarianism, political purges, and widespread repression. One of the most tragic episodes during his rule was the Holodomor, a man-made famine that occurred in Soviet Ukraine from 1932 to 1933. Millions of Ukrainians perished due to the policies implemented by Stalin, including the forced collectivization of agriculture and the seizure of grain to export for foreign currency.

Stalin's lack of compassion for the suffering of the Ukrainian people and his ruthless pursuit of industrialization at any cost resulted in a humanitarian catastrophe. The disregard for the well-being of the population, combined with a climate of fear and political repression, led to immense human suffering.

Stalin's story serves as a cautionary tale about the devastating consequences of a leader's lack of compassion for the well-being of others. The Holodomor stands as a tragic example of the human toll when empathy is absent in decision-making, emphasizing the importance of considering the impact of policies on individuals and communities.

Further reading: Stalin: The Court of the Red Tsar (Simon Sebag Montefiore)

2. Bernie Madoff

let's explore a cautionary tale involving the historical figure of Bernie Madoff, an American financier and former chairman of NASDAQ.

Bernie Madoff orchestrated one of the largest and most infamous Ponzi schemes in history, defrauding thousands of investors of billions of dollars. Madoff promised consistent, high returns, attracting individuals, charities, and even celebrities to invest in his scheme. In reality, he was using new investments to pay returns to earlier investors, creating a house of cards that eventually collapsed.

Madoff's lack of compassion for the financial well-being of his clients, coupled with his deceitful actions, resulted in devastating financial losses for many individuals and organizations. The impact of the scandal extended far beyond financial ruin, causing significant emotional and psychological distress to those affected.

Madoff's story serves as a cautionary tale about the consequences of financial deception and the importance of due diligence in the investment industry. His lack of empathy for the individuals and institutions he defrauded underscores the ethical responsibilities associated with managing other people's finances.

Further reading: The Wizard of Lies (Diana B. Henriques)

By reviewing these cautionary case studies above you can heed their warnings, adjust to suit, deepen your awareness of where you can improve and compound your results moving forward.