Authority is recognizability and trustability.
My neighbor has authority, at least when he’s talking about what’s going on with our block. The local weatherman, by dint of his being hired by someone with an FCC license, has authority, but not about investments, just about the weather.
Obvious, of course.
What’s not obvious is the discipline necessary to earn authority. Now that you can’t be given it, now that you can’t take, now that you have to EARN it, it seems to me that many of us have forgotten that there’s a cost to earning something.
Via David Hain