Sunday, July 10, 2016

Notes from Brick by Brick: The story of Lego (1/11)

July 9, 2016 

“I’d surveyed fifty-six companies to understand their innovation management practices and planned to write a book about innovation and leadership, where I’d draw lessons and stories from many organizations and use those cases to illustrate how companies should manage innovation. After visiting LEGO, I wrote a case study that I hoped to use both in the classroom at the Swiss business school IMD and, later, in my book.”


July 9, 2016 

“Subsequent interviews uncovered one fascinating aspect of the LEGO story after another. I realized that the LEGO management team had done more than just turn around the company; they had fundamentally rethought what “innovation” meant and how it should be managed and, by doing so, had rescued the company and boosted its performance to new heights”


July 9, 2016 

“At every turn, the company’s leaders, employees, partners, and fans were remarkably candid about the mistakes that fueled its downfall, as well as the false starts and dead ends that accompanied its turnaround. Over its eighty-plus years, and particularly during the past decade, the LEGO Group has proven itself to be as resilient as its virtually indestructible bricks and as resourceful as the nine-year-olds who bring them to life.”


July 9, 2016 

“BEHOLD THE LEGO BRICK, THAT HARD-EDGED, CANDY-colored bit of plastic that’s bedeviled barefoot parents the world over. By itself, a single discrete, modular brick is inanimate, lifeless—or at least dormant. Only the eight little knobs atop the rectangular block and the three hollow tubes underneath hint at its potential.
Snap two of those inert, inorganic blocks together, however, and suddenly you open up a world of nearly infinite possibilities. Just six bricks yield more than 915 million potential combinations. ”


July 9, 2016 

“In the fifty-plus years since it was patented, the little LEGO brick has ignited the imaginations of millions of children and adults—and become a universal building block for catalyzing creativity.”


July 9, 2016 

“Über-nerd Jonathan Gay credits the LEGO brick for helping him invent Flash animation and thereby light up the Web. Google cofounder Larry Page once built a fully functioning inkjet printer out of LEGO bricks”


July 9, 2016 

“When Fortune decreed LEGO the toy of the century, the magazine half joked that with more than two hundred billion bricks scattered across the globe, “it seems safe to assume that at least ten billion are under sofa cushions [and] three billion are inside vacuum cleaners.” ”


July 9, 2016 

“By any measure, LEGO has been relentlessly innovative for much of its eight decades. First and foremost there was the creation of the brick, which found its way into the hands, heads, and hearts of four hundred million people the world over. And then, year after year, the LEGO Group’s idealistic, imaginative approach to play helped it conjure compelling toys that rarely retreated to the back of kids’ closets. The company’s values and creativity put it in an unmatched position within the toy industry: kids loved the brick because it was fun, and parents loved it because it was educational. That combination helped LEGO amass decades of unbroken sales growth.”


July 9, 2016 

“LEGO, largely an analog enterprise, found itself fading in a faster-moving, far more competitive digital world.”


July 9, 2016 

“In 2003, just three years after both Fortune magazine and the British Toy Retailers Association had crowned the brick the toy of the century, the LEGO Group announced the biggest loss in its history. Its extraordinary collapse led many observers to wonder whether LEGO, one of the world’s most cherished brands, would survive as an independent enterprise.”


July 9, 2016 

“In fact, a new leadership team pulled off one of the most successful business transformations in recent memory. One by one, LEGO reinvented those academic prescriptions for innovation, synthesized them into a world-class management system, and reemerged as a powerful, serial innovator. LEGO created the world’s first line of buildable action figures, fueled by a riveting story line that played out over a nine-year span. It launched a line that included an “intelligent brick,” allowing kids (as well as many skilled adults) to build programmable LEGO robots. In another first, LEGO rolled out a series of board games that could be built, broken apart, and rebuilt. LEGO opened up its development process, enabling legions of fans to go online and post their own customized DIY LEGO sets. And it reimagined its core lines of classic LEGO sets, keeping them real while making them modern enough for twenty-first-century kids.”


July 9, 2016 

“From 2007 to 2011, all through the worst of the global recession, the LEGO Group’s pretax profits quadrupled, far outstripping the titans of the toy industry, Hasbro and Mattel, which were mired in the single digits over the same period.”


July 9, 2016 

“ics.
No doubt these business renegades are inspirational. But their precedent-breaking management systems are not easily transferable. For many companies, building a newfangled innovation model from the ground up—while struggling to nail quarterly performance targets and fend off competitors—is not a viable option.”


July 9, 2016 

“The LEGO system for managing innovation also stands in stark contrast to Apple’s (or at least to the way that Apple’s is portrayed in the business press). Where Apple’s innovation management system was built around the brilliant but often difficult Steve Jobs, with Jobs the final arbiter of when a product was good enough to take to market, the LEGO system is far more decentralized. The Apple model, while inspiring, is hard to follow: find a peerless innovator, promote him to the top of the company, and give him the power to make the big decisions. LEGO CEO Jørgen Vig Knudstorp asserts that he could leave his company for three months and its innovation process would continue unabated; although he was intimately involved in many decisions early in its development, he and other executives designed the process to work smoothly without significant input from him.”


July 9, 2016 

“Although the pages that follow offer many details and takeaways, we have purposely avoided laying out a blueprint for innovation and goading you to follow it. You won’t achieve similar results by simply grafting the LEGO Group’s innovation system onto your company’s operations. And we absolutely don’t recommend repeating the toy maker’s mistake of waiting until a brush with bankruptcy forces management to embrace deep-seated change.”


July 9, 2016 

“Like every LEGO enthusiast, you must bring your own imagination and experience to the game and figure out what’s best for you and your company. After all, it’s up to each of us to make the bricks click.”


July 9, 2016 

“NESTLED AMONG THE FARMLANDS OF DENMARK’S FLAT Jutland Peninsula, the tidy community of Billund, home of the LEGO Group’s head offices, is in every sense a town that was built on the brick. ”


July 9, 2016 

“Billund itself is a toy town, you might say. The LEGOLAND theme park’s castle and towers are the most striking feature of the town’s horizon. The neat rows of yellow-brick houses, topped with red-tile roofs, have the symmetry and stolidity of a little LEGO streetscape. ”


July 9, 2016 

“And yet life was no fun and games in the Billund of the 1930s, when LEGO was just a start-up. Back then, the village was little more than a smattering of farm cottages scattered along a railway line, a place where farmers scraped out a hard living from the surrounding moors.”


July 9, 2016 

“How, then, did LEGO defy the odds, ascend from a carpenter’s small workshop on the Jutland plains, and arrive in almost every playroom the world over? How has it managed to consistently deliver products, year after year and decade after decade, that fire kids’ imaginations? How was LEGO “built to last” for most of the twentieth century?”


July 9, 2016 

“LEGO owes much of its enduring performance to a core set of founding principles that have guided the company at every critical juncture over its eighty-plus years.”


July 9, 2016 

“First Principle: Values Are Priceless" 

“Ole Kirk Christiansen, a master carpenter who founded LEGO in Billund in 1932, instilled the company’s quintessential value in its name, a combination of the first two letters from two Danish words: leg godt, or “Play well.”


July 9, 2016 

“And he framed the company’s overriding philosophy, which holds that “good play” enriches the creative life of a child as well as that child’s later adult life. This philosophy has sustained LEGO for the better part of a century.”


July 9, 2016 

“Over the decades, LEGO has refined and reinterpreted its mission: to infuse children with the “joy of building, pride of creation”; to “stimulate children’s imagination and creativity”; to “nurture the child in each of us.” But on a fundamental level, the company’s goal has stayed remarkably consistent and is probably best expressed in its current iteration: “to inspire and develop the builders of tomorrow.” ”


July 9, 2016 

“Looking back on the earliest days of his start-up, he later wrote, “Not until the day when I said to myself, ‘You must make a choice between carpentry and toys’ did I find the real answer.”


July 9, 2016 

“The LEGO Group’s early years were shaped by hardship. Ole Kirk’s wife died the year he founded LEGO, leaving him with four young sons to raise and a business in the balance. He remarried two years later and guided his young company through the depredations of the Great Depression and Germany’s occupation of Denmark during World War II. Then, in 1942, a short circuit caused an electrical fire that consumed the LEGO factory, as well as the company’s entire inventory and blueprints for new toys. ”


July 9, 2016 

“There, they learn of another bedrock value that the company’s founder bequeathed to his company: the bar-raising principle that “only the best is good enough.”


July 9, 2016 

“The deception offended Ole, who instructed the LEGO Group’s future chief executive to go back to the train station, retrieve the carton of ducks, and spend the night rectifying his error. The experience inspired Godtfred to later immortalize his father’s ideal by carving it onto a wooden plaque. Today, a mural-size photograph of the plaque, which bears the motto “Det bedste er ikke for godt”—“Only the best is good enough”—graces the entrance to the cafeteria in the LEGO Group’s Billund headquarters. It’s a signpost that summons LEGO staffers to exceptional performance.”


July 9, 2016 

“Second Principle: Relentless Experimentation Begets Breakthrough Innovation”

“The business strategist Gary Hamel underlines this notion in The Future of Management, where he asserts, “Innovation is always a numbers game: the more of it you do, the better your chances of reaping a fat payoff.”4 LEGO gets this.”


July 9, 2016 

“In 1946, LEGO became the first toy manufacturer in Denmark to acquire a plastic injection molding machine, which cost more than twice the previous year’s profits. (Family members had to dissuade Ole Kirk, at least temporarily, from buying another.) For a rural Danish carpenter who had spent all of his years working with wood, plastics presented a risky, life-altering challenge. The company’s leaders then displayed an uncommon degree of perseverance by spending the better part of the next decade chipping away at a big idea: how to sculpt the LEGO brick.”



July 9, 2016 

“It took years of failed experiments before Godtfred hit on the stud-and-tube coupling system, where the knobs that top one brick fit between the round hollow tubes and side walls underneath another brick. The tight tolerances and flexible properties of the modern brick, which is made from acrylonitrile butadiene styrene (ABS), allowed the studs and tubes to remain connected through friction. That design, patented in Copenhagen on January 28, 1958, delivered what LEGO continues to call “clutch power.” When a child snaps two bricks together, they stick with a satisfying click. And they stay stuck until the child uncouples them with a gratifying tug. And therein lies the LEGO brick’s magic.”


July 9, 2016 

“In the years to come, tenacity and experimentation would continue to be prime ingredients in the company’s recipe for innovation, as the company displayed an uncommon willingness to endure setbacks while testing promising ideas.”


July 9, 2016 

“On the ferry crossing the North Sea, he met up with a toy buyer from Magasin du Nord, the largest department store in Copenhagen. The buyer lamented that instead of delivering the one-off products that so dominated the market, toy makers should focus on developing a cohesive system where sets of toys were interrelated.”


July 9, 2016 

“Fourth Principle: Tighter Focus Leads to More Profitable Innovation”



Notes From: David Robertson. “Brick by Brick.” iBooks. 

Saturday, July 9, 2016

Notes from Alibaba: The House That Built Jack Ma (1/12)

May 22, 2016 

“Household spending in the United States drives two-thirds of the economy, but in China it barely accounts for one-third. Compared to developed countries, Chinese people don’t consume enough. The reason? They save too much and spend too little.”


May 22, 2016 

“Just as Google is synonymous with searching online, in China to “tao”7 something is shorthand for searching for a product online”


May 22, 2016 

“But let’s look at the three real factors that underpin Alibaba’s success today: the company’s competitive edge in e-commerce, logistics, and finance, what Jack describes as Alibaba’s “iron triangle.”
Alibaba’s e-commerce sites offer an unparalleled variety of goods to consumers. Its logistics offering ensures those goods are delivered quickly and reliably. And the company’s finance subsidiary ensures that buying on Alibaba is easy and worry free”


May 22, 2016 

“But Taobao’s success is not explained by the xiaoer alone. The site works because it succeeds in putting the customer first, bringing the vibrancy of China’s street markets to the experience of shopping online. Buying online is as interactive as in real life. Customers can use Alibaba’s chat application10 to haggle over prices; a vendor might hold up a product to his webcam. Shoppers can also expect to score discounts and free shipping.”


May 22, 2016 

“Groceries are another popular category because, as Jack explained, “supermarkets in China were terrible; that’s why we have come out on top.” Already more than 40 percent of Chinese consumers buy their groceries online as compared to just 10 percent in the United States. ”


July 7, 2016 

“Alibaba has continued to push the boundaries of private sector involvement in financial services, including providing microloans to the merchants and consumers trading on its platforms. Still relatively new, the lending business is expected to grow into a billion-dollar business within a few years. Offering credit also increases the “stickiness,” or loyalty from customers, of Alibaba’s e-commerce platforms.”
“A new business, Sesame Credit Management, provides credit ratings on consumers and merchants to third parties.”


July 7, 2016 

“The iron triangle is a key factor in making Alibaba such a dominant player in China’s e-commerce market. But it is the charisma of the company’s founder—his “Jack Magic”—that bound together the people and capital who would build on these foundations.”


July 7, 2016 

“Most companies bear the imprint of their founders, but few more than Alibaba. Jack Ma’s outsize influence stems from his passion for teaching. Although he left the profession two decades ago, Jack has never really stopped being an educator. He used to joke that in his case CEO stood for “Chief Education Officer.” Fourteen years after founding the company Jack relinquished the title to become chairman. But the switch served only to heighten his authority. His chosen successor as CEO lasted barely two years in the job.”


July 7, 2016 

“So, Jack doesn’t look the part of a corporate chieftain. He possesses all the trappings, including luxury homes around the world and a Gulfstream jet, but otherwise Jack doesn’t really act the part, either. ”


July 7, 2016 

“Where other business moguls like to talk up their connections or academic credentials, Jack enjoys talking down his own: “I don’t have a rich or powerful father, not even a powerful uncle.” Having never studied abroad, he likes to describe himself as “one hundred percent Made in China.” He stands out as a tech company founder with no background in technology. At Stanford University in 2013 he confessed, “Even today, I still don’t understand what coding is all about, I still don’t understand the technology behind the Internet.”
Jack has made a career out of being underestimated: “I am a very simple guy, I am not smart. Everyone thinks that Jack Ma is a very smart guy. I might have a smart face but I’ve got very stupid brains.”


July 7, 2016 

“On the first day of trading of Alibaba’s shares, Jack was interviewed by CNBC live on the floor of the New York Stock Exchange. When he was asked which person had most inspired him, Jack replied without hesitation, “Forrest Gump.” His interviewer paused, then said, “You know he’s a fictional character?”


July 7, 2016 

“Jack’s ability to charm and cajole has played an important role in attracting talent and capital to the company, as well as building his own fame. Jack has a unique Chinese combination of blarney and chutzpah. One of his earliest foreign employees3 summed up for me his qualities in two words: “Jack Magic.”


July 7, 2016 

“Central to Jack’s own distortion field are his skills as a communicator. Jack’s speaking style is so effective because his message is so easy to agree with, remember, and digest. ”


July 7, 2016 

“Jack always speaks without notes. His oratorical skills are so effective because his repertoire is so narrow. Jack can dispense with notes because he already knows much of his material: a well-honed stable of stock stories”


July 7, 2016 

“ I have turned around to look at the faces of the audience, trying to understand what explains his enduring appeal.”


July 7, 2016 

“Humor is a big part of it. As a quick look at any of the hundreds of videos available on YouTube of his most popular speeches will reveal, Jack is very funny.”


Notes From: Duncan Clark. “Alibaba: The House That Jack Ma Built.” iBooks. 

Sunday, July 3, 2016

Notes form Shoe Dog - the story of NIKE (1/2)

May 22, 2016 

“If I tended to dwell on all the things I wasn’t, the reason was simple. Those were the things I knew best. I’d have found it difficult to say what or who exactly I was, or might become. Like all my friends I wanted to be successful. Unlike my friends I didn’t know what that meant. Money? Maybe. Wife? Kids? House? Sure, if I was lucky. These were the goals I was taught to aspire to, and part of me did aspire to them, instinctively. But deep down I was searching for something else, something more. I had an aching sense that our time is short, shorter than we ever know, short as a morning run, and I wanted mine to be meaningful. And purposeful. And creative. And impor­tant. Above all . . . different”


May 22, 2016 

“The world was so overrun with war and pain and misery, the daily grind was so exhausting and often unjust—maybe the only answer, I thought, was to find some prodigious, improbable dream that seemed worthy, that seemed fun, that seemed a good fit, and chase it with an athlete’s single-minded dedication and purpose. Like it or not, life is a game. Whoever denies that truth, whoever simply refuses to play, gets left on the sidelines, and I didn’t want that. More than anything, that was the thing I did not want.”

May 22, 2016 

“Being a runner, I knew something about running shoes. Being a business buff, I knew that Japanese cameras had made deep cuts into the camera market, which had once been dominated by Germans. Thus, I argued in my paper that Japanese running shoes might do the same thing. The idea interested me, then inspired me, then captivated me. It seemed so obvious, so simple, so potentially huge.”


May 22, 2016 

“ He said that he always regretted not traveling more when he was young. He said a trip might be just the finishing touch to my education. He said a lot of things, all of them focused more on the trip than the Crazy Idea, but I wasn’t about to correct him. I wasn’t about to complain, because in sum he was giving his blessing. And his cash.”


May 22, 2016 

“Okay,” he said. “Okay, Buck. Okay.”


May 22, 2016 

“The rest of the family wasn’t quite so supportive. When my grandmother got wind of my itinerary, one item in particular appalled her. “Japan!” she cried. “Why, Buck, it was only a few years ago the Japs were out to kill us! Don’t you remember? Pearl Harbor! The Japs tried to conquer the world! Some of them still don’t know they lost! They’re in hiding! They might take you prisoner, Buck. Gouge out your eyeballs. They’re known for that—your eyeballs.”


May 23, 2016 

“An old Japanese woman behind the front desk bowed to me. I realized she wasn’t bowing, she was bent by age, like a tree that’s weathered many storms. Slowly she led me to my room, which was more a box. Tatami mat, lopsided table, nothing else. I didn’t care. I barely noticed that the tatami mat was wafer thin. I bowed to the bent old woman, bidding her good night. Oyasumi nasai. I curled up on the mat and passed out.”


May 23, 2016 

“Guidebook and Minolta box camera in hand, I sought out the few landmarks that had survived the war, the oldest temples and shrines. I spent hours sitting on benches in walled gardens, reading about Japan’s dominant religions, Buddhism and Shinto. I marveled at the concept of kensho, or satori—enlightenment that comes in a flash, a blinding pop. Sort of like the bulb on my Minolta. I liked that. I wanted that.”


May 23, 2016 

“But first I’d need to change my whole approach. I was a linear thinker, and according to Zen linear thinking is nothing but a delusion, ”


May 23, 2016 

“The next morning I laced up my running shoes and jogged to Tsukiji, the world’s largest fish market. ”


May 23, 2016 

“Tosho all over again, with shrimp instead of stocks. I watched ancient fishermen spread their catches onto wooden carts and haggle with leather-­faced merchants”


May 23, 2016 

“The key,” they said, “is don’t be pushy. Don’t come on like the typical asshole American, the typical gaijin—rude, loud, aggressive, not taking no for an answer. The Japanese do not react well to the hard sell. Negotiations here tend to be soft, sinewy.”


May 23, 2016 

“ No one ever turns you down flat. No one ever says, straight out, no. But they don’t say yes, either. They speak in circles, sentences with no clear subject or object. Don’t be discouraged, but don’t be cocky. You might leave a man’s office thinking you’ve blown it, when in fact he’s ready to do a deal. You might leave thinking you’ve closed a deal, when in fact you’ve just been rejected. You never know.”


May 23, 2016 

“We passed through the accounting department. Everyone in the room, men and women, leaped from their chairs, and in unison bowed, a gesture of kei, respect for the American tycoon. I’d read that “tycoon” came from taikun, Japanese for “warlord.” I didn’t know how to acknowledge their kei. To bow or not bow, that is always the question in Japan. I gave a weak smile and a half bow, and kept moving.”


May 23, 2016 

“And yet it also wasn’t there. Through their resilience, through their stoic acceptance of total defeat, and their heroic reconstruction of their nation, the Japanese had put the war cleanly behind them. Also, these executives in the conference room were young, like me, and you could see that they felt the war had nothing to do with them.”


May 23, 2016 

“Mr. Miyazaki interrupted. “Mr. Knight—what company are you with?” he asked.
“Ah, yes, good question.”
Adrenaline surging through my blood, I felt the flight response, the longing to run and hide, which made me think of the safest place in the world. My parents’ house. The house had been built decades before, by people of means, people with much more money than my parents, and thus the architect had included servants’ quarters at the back of the house, and these quarters were my bedroom, which I’d filled with baseball cards, record albums, posters, books—all things holy. I’d also covered one wall with my blue ribbons from track, the one thing in my life of which I was unabashedly proud. And so? “Blue Ribbon,” I blurted. “Gentlemen, I represent Blue Ribbon Sports of Portland, Oregon.”
Mr. Miyazaki smiled. The other executives smiled. A murmur went around the table. Blueribbon, blueribbon, blueribbon. ”


May 23, 2016 

“I went to Hong Kong and walked the mad, chaotic streets, horrified by the sight of legless, armless beggars, old men kneeling in filth, alongside pleading orphans. The old men were mute, but the children had a cry they repeated: Hey, rich man, hey, rich man, hey, rich man. Then they’d weep or slap the ground. Even after I gave them all the money in my pockets, the cry never stopped.”


May 23, 2016 

“I went to the edge of the city, climbed to the top of Victoria Peak, gazed off into the distance at China. In college I’d read the analects of Confucius—The man who moves a mountain begins by carrying away small stones—and now I felt strongly that I’d never have a chance to move this particular mountain.”


May 23, 2016 

“Of course, he was deeply flawed. But he knew that. You are remembered, he said, prophetically, for the rules you break.
I wanted to book a night in his former suite. But I couldn’t afford it.
One day, I vowed. One day I shall return.”


May 23, 2016 

“I dodged rickshaws, scooters, tuk-tuks, and elephants to reach Wat Phra Kaew, and one of the most sacred statues in Asia, an enormous six-hundred-year-old Buddha carved from a single hunk of jade. Standing before its placid face I asked, Why am I here? What is my purpose?”


May 23, 2016 

“Days before Christmas, 1962, I went on to Calcutta, and rented a room the size of a coffin. No bed, no chair: there wasn’t enough space. Just a hammock suspended above a fizzing hole—the toilet. ”


May 23, 2016 

“Within hours I fell ill. An airborne virus, probably, or food poisoning. For one whole day I believed that I wouldn’t make it. I knew that I was going to die.”


May 23, 2016 

“I went back to India, spent New Year’s Eve wandering the streets of Bombay, weaving in and out among oxen and long-horned cows, feeling the start of an epic migraine—the noise and the smells, the colors and the glare. I went on to Kenya, and took a long bus ride deep into the bush. Giant ostriches tried to outrun the bus, and storks the size of pit bulls floated just outside the windows. Every time the driver stopped, in the middle of nowhere, to pick up a few Masai warriors, a baboon or two would try to board. The driver and warriors would then chase the baboons off with machetes. Before stepping off the bus, the baboons would always glance over their shoulders and give me a look of wounded pride. Sorry, old man, I thought. If it were up to me.”


May 23, 2016 

“ went on to Istanbul, got wired on Turkish coffee, got lost on the twisty streets beside the Bosphorus. I stopped to sketch the glowing minarets, and toured the golden labyrinths of Topkapi Palace, home of the Ottoman sultans, where Muhammad’s sword is now kept.”


May 23, 2016 

“I went to Rome, spent days hiding in small trattorias, scarfing mountains of pasta, gazing upon the most beautiful women, and shoes, I’d ever seen. (Romans in the age of the Caesars believed that putting on the right shoe before the left brought prosperity and good luck.)”


May 23, 2016 

“Even the Sistine Chapel. Alone under Michelangelo’s ceiling, I was able to wallow in my disbelief. I read in my guidebook that Michelangelo was miserable while painting his masterpiece. His back and neck ached. Paint fell constantly into his hair and eyes. He couldn’t wait to be finished, he told friends. If even Michelangelo didn’t like his work, I thought, what hope is there for the rest of us?”


May 23, 2016 

“On my last day I sauntered up the Champs-Élysées, tracing the liberators’ path, thinking all the while of Patton. Don’t tell people how to do things, tell them what to do and let them surprise you with their results.”


May 23, 2016 

“I tried to visit Dachau, but when I asked for directions people looked away, professing not to know. I went to Berlin and presented myself at Checkpoint Charlie. Flat-faced Russian guards in heavy topcoats examined my passport, patted me down, asked what business I had in communist East Berlin. “None,” I said. I was terrified that they’d somehow find out I’d attended Stanford. Just before I arrived two Stanford students had tried to smuggle a teenager out in a Volkswagen. They were still in prison.”


May 23, 2016 

“But the guards waved me through. I walked a little ways and stopped at the corner of Marx-Engels-Platz. I looked around, all directions. Nothing. No trees, no stores, no life. I thought of all the poverty I’d seen in every corner of Asia. This was a different kind of poverty, more willful, somehow, more preventable. I saw three children playing in the street. I walked over, took their picture. Two boys and a girl, eight years old. The girl—red wool hat, pink coat—smiled directly at me. Will I ever forget her? Or her shoes? They were made of cardboard.”


May 29, 2016 

“When President Kennedy was killed that November I asked for the day off. I wanted to sit in front of the TV with the rest of the nation and mourn. My boss, however, shook his head. Work first, mourn second. Consider the lilies of the field . . . they neither toil nor spin.”


May 29, 2016 

“he said, “how long do you think you’re going to keep jackassing around with these shoes?”
I shrugged. “I don’t know, Dad.”


May 29, 2016 

“So I shouldn’t have been too surprised by my mother’s next move when my father accused me of jackassing around. Casually she opened her purse and took out seven dollars. “I’d like to purchase one pair of Limber Ups, please,” she said, loud enough for him to hear”


May 29, 2016 

“Was it my mother’s way of digging at my father? A show of loyalty to her only son? An affirmation of her love of track? I don’t know. But no matter. It never failed to move me, the sight of her standing at the stove or the ”


May 29, 2016 

“kitchen sink, cooking dinner or washing dishes in a pair of Japanese running shoes, size 6.”


May 29, 2016 

“But these, he said, were merely his daytime drudgeries. On weekends he was following his heart, selling shoes. “No!” I said. “Adidas,” he said. “Screw Adidas,” I said, “you should work for me, help me sell these new Japanese running shoes.”


May 29, 2016 

“I thought back on my running career at Oregon. I’d competed with, and against, men far better, faster, more physically gifted. Many were future Olympians. And yet I’d trained myself to forget this unhappy fact. People reflexively assume that competition is always a good thing, that it always brings out the best in people, but that’s only true of people who can forget the competition. The art of competing, I’d learned from track, was the art of forgetting, and I now reminded myself of that fact. You must forget your limits. You must forget your doubts, your pain, your past. You must forget that internal voice screaming, begging, “Not one more step!” And when it’s not possible to forget it, you must negotiate with it. I thought over all the races in which my mind wanted one thing, and my body wanted another, those laps in which I’d had to tell my body, “Yes, you raise some excellent points, but let’s keep going anyway . . .”


May 29, 2016 

“There were many ways down Mount Fuji, according to my guidebook, but only one way up. Life lesson in that, I thought. Signs along the upward path, written in many languages, said there would be nine stations before the summit, each offering food and a place to rest. Within two hours, however, I’d passed Station 3 several times. Did the Japanese count differently? Alarmed, I wondered if thirteen western states might actually mean three?”


May 29, 2016 

“As we neared the summit, the path grew narrow. I mentioned that it reminded me of a trail I’d hiked in the Himalayas. Sarah and the boyfriend stared. Himalayas? Now she was really impressed. And he was really put out. As the summit came slowly into view, the climb became tricky, treacherous. She seized my hand. “The Japanese have a saying,” her boyfriend shouted over his shoulder, to us, to everyone. “A wise man climbs Fuji once. A fool climbs it twice.”


May 29, 2016 

So in the late summer of 1965 I wrote and accepted Johnson’s offer to become the first full-time employee of Blue Ribbon. We negotiated his salary via the mail. He’d been making $460 a month as a social worker, but he said he could live on $400. I agreed. Reluctantly. It seemed exorbitant, but Johnson was so scattered, so flighty, and Blue Ribbon was so tenuous—one way or another I figured it was temporary.
As ever, the accountant in me saw the risk, the entrepreneur saw the possibility. So I split the difference and kept moving forward.”


May 29, 2016 

“A one hundred percent increase in sales is troubling?” I asked.
“Your rate of growth is too fast for your equity,” he said.
“How can such a small company grow too fast? If a small company grows fast, it builds up its equity.”
“It’s all the same principle, regardless of size,” he said. “Growth off your balance sheet is dangerous.”
“Life is growth,” I said. “Business is growth. You grow or you die.”
“That’s not how we see it.”
“You might as well tell a runner in a race that he’s running too fast.”
“Apples and oranges.”
Your head is full of apples and oranges, I wanted to say.”


May 29, 2016 

“What sweet satisfaction it would have been to tell Wallace where he could shove his equity, then storm out and take my business elsewhere. But in 1965 there was no elsewhere. First National Bank was the only game in town and Wallace knew it. Oregon was smaller back then, and it had just two banks, First National and U.S. Bank. The latter had already turned me down. If I got thrown out of the former, I’d be done. (Today you can live in one state and bank in another, no problem, but banking regulations were much tighter in those days.”


May 29, 2016 

“Mr. Onitsuka also told Bowerman that the inspiration for the unique soles on Tigers had come to him while eating sushi. Looking down at his wooden platter, at the underside of an octopus’s leg, he thought a similar suction cup might work on the sole of a runner’s flat. Bowerman filed that away. Inspiration, he learned, can come from quotidian things. Things you might eat. Or find lying around the house.”


May 29, 2016 

“I look back now and wonder if I was truly being myself, or if I was emulating Bowerman, or my father, or both. Was I adopting their man-of-few-words demeanor? Was I maybe modeling all the men I admired? At the time I was reading everything I could get my hands on about generals, samurai, shoguns, along with biographies of my three main heroes—Churchill, Kennedy, and Tolstoy. I had no love of violence, but I was fascinated by leadership, or lack thereof, under extreme conditions. War is the most extreme of conditions. But business has its warlike parallels. Someone somewhere once said that business is war without bullets, and I tended to agree.”


May 30, 2016 

“It occurred to me also that I had high value for Kitami. I wasn’t a big client, but I wasn’t small, either. Location is everything. I was selling shoes in America, a market vital to the future of Onitsuka. Maybe, just maybe, Kitami didn’t want to lose me just yet. Maybe he wanted to hold on to me until they’d transitioned to the Marlboro Man. I was an asset, I was a credit, for the moment, which meant I might be holding better cards than I thought.”


May 31, 2016 

“When I wasn’t at Price Waterhouse, making the rent, I’d be at Blue Ribbon, and vice versa. I could shower at the gym.
But I told myself that living in your office is the act of a crazy person.
And then I got a letter from Johnson saying he was living in his new office.”


May 31, 2016 

“I asked if she was seeing anyone. She confessed that she was. But the boy—well, she said, he was just a boy. All the boys she dated, she said, were just that—boys. They talked about sports and cars. (I was smart enough not to confess that I loved both.) “But you,” she said, “you’ve seen the world. And now you’re putting everything on the line to create this company . . .”


May 31, 2016 

“But I never once felt nervous, never asked myself with that typical male remorse, Oh, God, what have I done? The months of dating and getting to know Penny had been the happiest of my life, and now I would have the chance to perpetuate that happiness. That’s how I saw it. Basic as Accounting 101. Assets equal liabilities plus equity.”


June 1, 2016 

“Toward the end of the picnic I sat on the sand and looked out across the Pacific Ocean. I was living two separate lives, both wonderful, both merging. Back home I was part of a team, me and Woodell and Johnson—and now Penny. Here in Japan I was part of a team, me and Kitami and all the good people of Onitsuka. By nature I was a loner, but since childhood I’d thrived in team sports. My psyche was in true harmony when I had a mix of alone time and team time. Exactly what I had now.”


June 1, 2016 

“In the 1960s bicycles were exorbitantly expensive in Japan.
Kitami now joined us. I noticed that Fujimoto got up right away and walked off.
I mentioned to Kitami that Fujimoto had learned his English from GIs, and Kitami said with pride that he’d learned his English all by himself, from a record. I congratulated him, and said I hoped one day to be as fluent in Japanese as he was in English. Then I mentioned that I was getting married soon. I told him a bit about Penny, and he congratulated me and wished me luck. “When is wedding?” he asked. “September,” I said. “Ah,” he said, “I will be in America one month after, when Mr. Onitsuka and I attend Olympics in Mexico City. We might visit Los Angeles.”
He invited me to fly down, have dinner with them. I said I’d be delighted.
The next day I returned to the United States, and one of the first things I did after landing was put fifty dollars in an envelope and airmail it to Fujimoto. On the card I wrote: “For a new bicycle, my friend.”


June 1, 2016 

“Weeks later an envelope arrived from Fujimoto. My fifty dollars, folded inside a note explaining that he’d asked his superiors if he ”


June 1, 2016 

“could keep the money, and they’d said no.
There was a PS: “If you send my house, I can keep.”
So I did.
And thus another life-altering partnership was born.”


June 1, 2016 

“n the Wall Street Journal, touting Blue Ribbon as one of the dynamic young companies among its clients. The ad featured a photo of Bowerman and me . . . staring at a shoe. Not as if we were shoe innovators; more as if we’d never seen a shoe before. We looked like morons. It was embarrassing.
In some of our ads the model was none other than Johnson. See Johnson rocking a blue tracksuit. See Johnson waving a javelin. When it came to advertising, our approach was primitive and slapdash. We were making it up as we went along, learning on the fly, and it showed. In one ad—for the Tiger marathon flat, I think—we referred to the new fabric as “swooshfiber.” To this day none of us remembers who first came up with the word, or what it meant. But it sounded good.”


June 16, 2016 

“I was starting to have the same inklings. I’d gotten a sense from Kitami’s last few wires and letters that he might not be the man he’d seemed, and that he wasn’t the fan of Blue Ribbon he’d appeared to be when I was last in Japan. I had a bad feeling in my bones. Maybe he was getting ready to jack up our prices. I mentioned this to Bowerman, and told him I was taking measures to protect us. Before hanging up I boasted that, though I didn’t have enough cash or cachet to pay athletes, I did have enough to buy someone at Onitsuka. I had a man on the inside, I said, a man acting as my eyes and ears and keeping tabs on Kitam”


June 16, 2016 

“n Japan you couldn’t predict what either your competition or your partner might do. I’d given up trying. Instead, I wrote, “I’ve taken what I think is a big step to keep us informed. I’ve hired a spy. He works full-time in the Onitsuka Export Department. Without going into a lengthy discussion of why I will just tell you that I feel he is trustworthy.”


June 16, 2016 

“This spy may seem somewhat unethical to you, but the spy system is ingrained and completely accepted in Japanese business circles. They actually have schools for industrial spies, much as we have schools for typists and stenographers.”
I can’t imagine what made me use the word “spy” so wantonly, so boldly, other than the fact that James Bond was all the rage just then. Nor can I understand why, when I was revealing so much, I didn’t reveal the spy’s name. It was Fujimoto, whose bicycle I’d replaced.
I think I must have known, on some level, that the memo was a mistake, a terribly stupid thing to do. And that I would live to regret it. I think I knew. But I often found myself as perplexing as Japanese business practices.”


June 4, 2016 

“I got into the habit every night of phoning my father from my recliner. He’d always be in his recliner, too, and together, recliner to recliner, we’d hash out the latest threat confronting Blue Ribbon. He no longer saw my business as a waste of my time, apparently. Though he didn’t say so explicitly, he did seem to find the problems I faced “interesting,” and “challenging,” which amounted to the same thing.”


June 4, 2016 

“IN THE SPRING of 1969 Penny began to complain of feeling poorly in the mornings. Food didn’t sit well. By midday she was often a little wobbly around the office. She went to the doctor—the same doctor who’d delivered her—and discovered she was pregnant.
We were both overjoyed. But we also faced a whole new learning curve.
Our cozy apartment was now completely inappropriate. We’d have to buy a house, of course. But could we afford a house? I’d just started to pay myself a salary. And in which part of town should we buy? Where were the best schools? And how was I supposed to research real estate prices and schools, plus all the other things that go into buying a house, while running a start-up company? Was it even feasible to run a start-up company while starting a family? Should I go back to accounting, or teaching, or something more stable?
Leaning back in my recliner each night, staring at the ceiling, I tried to settle myself. I told myself: Life is growth. You grow or you die.”


June 4, 2016 

“WOODELL AND I eventually found a promising office, in Tigard, south of downtown Portland. It wasn’t a whole office building—we couldn’t afford that—but a corner of one floor. The rest was occupied by the Horace Mann Insurance Company. Inviting, almost plush, it was a dramatic step up, and yet I hesitated. There had been a curious logic in our being next door to a honky-tonk. But an insurance company? With carpeted halls and water coolers and men in tailored suits? The atmosphere was so button-down, so corporate. Our surroundings, I felt, had much to do with our spirit, and our spirit was a big part of our success, and I worried how our spirit might change if we were suddenly sharing space with a bunch of Organization Men and automatons.”


June 8, 2016 

“Waiting for Kitami to return, I had the strangest thought. I recalled all the times I’d volunteered with the Boy Scouts, all the times I’d sat on Eagle Scout review boards, handing out merit badges for honor and integrity. Two or three weekends a year I’d question pink-cheeked boys about their probity, their honesty, and now I was stealing documents from another man’s briefcase? I was headed down a dark path. No telling where it might lead. Wherever, there was no getting around one immediate consequence of my actions. I’d have to recuse myself from the next review board.”


June 8, 2016 

“Back when the Bowermans attended the 1964 Olympics in Japan, Mrs. Bowerman had fallen in love with nashi pears, which are like small green apples, only sweeter. They don’t grow in the United States, so she smuggled a few seeds home in her purse and planted them in her garden. Every few years, she told Kitami, when the nashis bloomed, they refreshed her love of all things Japanese. He seemed quite beguiled by this story. “Och!” Bowerman said, exasperated. “Japples!”


June 12, 2016 

“He sang it louder. O sole mio, sta nfronte a te! O sole, o sole mio, sta nfronte a te!
A Japanese businessman, strumming a Western guitar, singing an Italian ballad, in the voice of an Irish tenor. It was surreal, then a few miles past surreal, and it didn’t stop. I’d never known there were so many verses to “O Sole Mio.”


June 12, 2016 

“I pondered. I still held out some hope that Onitsuka would come to its senses. And I worried about a paragraph in our written agreement that forbade me from importing other brands of track-and-field shoes. “Maybe down the road,” I said.
Sumeragi nodded. All in good time.”


June 12, 2016 

“Six months previously I would never have done this. Things were different now. Onitsuka had already broken the spirit of our deal, and my spirit, so I pulled the cap off my pen and signed the contract. I signed the heck out of that Canada contract. Then I went out for Mexican food.”


June 12, 2016 

“THE DAY OF decision arrived. Canada had already started producing the shoes, and samples were ready to go in Japan, but before anything could be shipped, we needed to choose a name. Also, we had magazine ads slated to run, to coincide with the shipments, and we needed to tell the graphic artists what name to put in the ads. Finally, we needed to file paperwork with the U.S. Patent Office.
Woodell wheeled into my office. “Time’s up,” he said.
I rubbed my eyes. “I know.”
“What’s it going to be?”
“I don’t know.”
My head was splitting. By now the names had all run together into one mind-melting glob. Falconbengaldimensionsix.
“There is . . . one more suggestion,” Woodell said.”


June 12, 2016 

“From who?”
“Johnson phoned first thing this morning,” he said. “Apparently a new name came to him in a dream last night.”
I rolled my eyes. “A dream?”
“He’s serious,” Woodell said.
“He’s always serious.”
“He says he sat bolt upright in bed in the middle of the night and saw the name before him,” Woodell said.
“What is it?” I asked, bracing myself.
“Nike.”
“Huh?”
“Nike.”
“Spell it.”
“N-I-K-E,” Woodell said.
I wrote it on a yellow legal pad.
The Greek goddess of victory. The Acropolis. The Parthenon. The Temple. I thought back. Briefly. Fleetingly.”


June 12, 2016 

“A lot of things were rolling around in my head, consciously, unconsciously. First, Johnson had pointed out that seemingly all iconic brands—Clorox, Kleenex, Xerox—have short names. Two syllables or less. And they always have a strong sound in the name, a letter like “K” or “X,” that sticks in the mind. That all made sense. And that all described Nike.”


June 16, 2016 

“Which brought me back to the idea of a public offering. I didn’t think I could withstand the disappointment of a second failed offering, so I plotted with Hayes to ensure that this one would work. We decided that the first offering hadn’t been aggressive enough. We hadn’t sold ourselves. This time we hired a hard-driving salesman.
Also, this time we decided not to sell stocks, but convertible debentures.
If business truly is war without bullets, then debentures are war bonds. The public loans you money, and in exchange you give them quasi-stock in your . . . cause. The stock is quasi because debenture holders are strongly encouraged, and incentivized, to hold their shares for five years. After that, they can convert the shares to common stock or get their money back with interest.”


June 16, 2016 

“Nissho said they could help. They were only too happy to help. They were beefing up their commodities department, so Sumeragi had a wealth of information about factories around the world. He’d also recently hired a consultant, a bona fide shoe wizard, who’d been a disciple of Jonas Senter.
I’d never heard of Senter, but Sumeragi assured me the man was a genuine, head-to-toe shoe dog. I’d heard this phrase a few times. ”


June 16, 2016 

“Shoe dogs were people who devoted themselves wholly to the making, selling, buying, or designing of shoes. Lifers used the phrase cheerfully to describe other lifers, men and women who had toiled so long and hard in the shoe trade, they thought and talked about nothing else. It was an all-consuming mania, a recognizable psychological disorder, to care so much about insoles and outsoles, linings and welts, rivets and vamps. But I understood. The average person takes seventy-­five hundred steps a day, 274 million steps over the course of a long life, the equivalent of six times around the globe—shoe dogs, it seemed to me, simply wanted to be part of that journey. Shoes were their way of connecting with humanity. What better way of connecting, shoe dogs thought, than by refining the hinge that joins each person to the world’s surface?”


June 20, 2016 

“I stammered through my presentation, but Chuck still managed to quickly get the drift. He boiled my complicated situation down to a compelling précis. “If the Japanese trading company understands the rules from the first day,” he said, “they will be the best partners you’ll ever have.”
Reassured, emboldened, I went back to Sumeragi and told him the rules. “No equity in my company. Ever.”


June 20, 2016 

“Walking through those museum rooms . . . I couldn’t take it all in. I couldn’t process it. Mannequins dressed in singed clothes. Clumps of scorched, irradiated—jewelry? Cookware? I couldn’t tell. Photos that took me to a place far beyond emotion. I stood in horror before a child’s liquefied tricycle. I stood, open-mouthed, before the blackened skeleton of a building, where people had loved and worked and laughed, until. I tried to feel and hear the moment of impact.
I felt sick at heart as I turned a corner and came upon a scorched shoe, under glass, the footprint of its owner still visible.”


June 20, 2016 

“As we made our way across Japan he was brusque, boorish, strutting, swaggering, condescending to everyone we met. He embarrassed me, embarrassed all Americans. Now and then Sumeragi and I exchanged pained looks. We wanted desperately to scold Sole Jr., to leave him—but we needed his father’s contacts. We needed this horrid brat to show us where the factories were.”


June 20, 2016 

“At last the only thing to do was think up names for the different models. I was panicked. I’d done such a poor job thinking up a name for my new brand—
Dimension Six? Everyone at Blue Ribbon still mocked me. I’d only gone with Nike because I was out of time, and because I’d trusted Johnson’s savant-like nature. Now I was on my own, in an empty office building in downtown Tokyo. I’d have to trust myself.
I held up the tennis shoe. I decided to call it . . . the Wimbledon.”


June 20, 2016 

“Mr. Onitsuka even offered a car and driver to take Penny and me around and show us Kobe. I accepted. Then Kitami invited us to dinner that night. Again I reluctantly said yes.
Fujimoto came along, which added an extra layer of complexity. I looked around the table and thought: my bride, my enemy, my spy. ”


June 20, 2016 

“At sunrise I heard Fujimoto get up, cough, and stretch. He went to the bathroom, ran the water, brushed his teeth. Then he put on his clothes from the night before and slipped out. I fell back asleep but a short while later Penny went to the bathroom and when she came back to bed she was—laughing? I rolled over. Nope, she was crying. She looked as if she was on the verge of another panic attack. “He used . . . ,” she rasped. “What?” I said. She buried her head in the pillows. “He used . . . my toothbrush.”


June 20, 2016 

“I look back over the decades and see him toiling in his workshop, Mrs. Bowerman carefully helping, and I get goosebumps. He was Edison in Menlo Park, Da Vinci in Florence, Tesla in Wardenclyffe. Divinely inspired. I wonder if he knew, if he had any clue, that he was the Daedalus of sneakers, that he was making history, remaking an industry, transforming the way athletes would run and stop”


July 2, 2016 

“I felt like a married man caught in a tawdry love triangle. I was assuring my lover, Nissho, that it was only a matter of time before I divorced my spouse, Onitsuka. Meanwhile, I was encouraging Onitsuka to think of me as a loving and devoted husband. “I do not like this way of doing business,” I wrote Sumeragi, “but I feel it was thrust upon us by a company with the worst possible intentions.” We’ll be together soon, darling. Just have patience.”


July 2, 2016 

“Johnson, as usual, wasn’t happy. Ever the perfectionist. “The irregularities of this whole situation,” he said, left him dumbfounded. That was his phrase, the irregularities of this whole situation. I begged him to take his dumbfoundedness and irregularity elsewhere, leave well enough alone. But he just couldn’t. He walked over and button-­holed one of his biggest accounts and demanded to know what was going on. “Whaddya mean?” the man said. “I mean,” Johnson said, “we show up with this new Nike, and it’s totally untested, and frankly it’s not even all that good—and you guys are buying it. What gives?”
The man laughed. “We’ve been doing business with you Blue Ribbon guys for years,” he said, “and we know that you guys tell the truth. Everyone else bullshits, you guys always shoot straight. So if you say this new shoe, this Nike, is worth a shot, we believe.”
Johnson came back to the booth, scratching his head. “Telling the truth,” he said. “Who knew?”


July 2, 2016 

“Kitami asked to use the bathroom. A ploy, of course. He knew the bathroom was somewhere in the back, and he needed an excuse to snoop back there. Bork didn’t see the ploy, or didn’t care to. Moments later Kitami was standing in the stockroom, under a bare lightbulb, glowering at hundreds of orange shoe boxes. Nike, Nike, everywhere, and not a drop to drink.”


July 2, 2016 

“ He was about to say something conciliatory. He was preparing to offer an olive branch. I felt myself softening toward him. “Onitsuka,” he said, “like to continue use Mr. Bowerman . . . as consultant.”
I pulled on my ear. Surely I hadn’t heard him correctly. Bowerman shook his head and turned to Jaqua, who said that Bowerman would henceforth consider Kitami a competitor, aka a sworn enemy, and would help him in no way whatsoever.”


July 2, 2016 

“No more working for someone else. Onitsuka has been holding us down for years. Their late deliveries, their mixed-up orders, their refusal to hear and implement our design ideas—who among us isn’t sick of dealing with all that? It’s time we faced facts: If we’re going to succeed, or fail, we should do so on our own terms, with our own ideas—our own brand. We posted two million in sales last year . . . none of which had anything to do with Onitsuka. That number was a testament to our ingenuity and hard work. Let’s not look at this as a crisis. Let’s look at this as our liberation. Our Independence Day.”


Notes From: Phil Knight. “Shoe Dog.” iBooks. 

Sunday, June 5, 2016

Linkfest


Interview With Steven Pinker: Masters in Business (Audio)on #SoundCloud #np https://t.co/c9YIp5furm
Alexander Hamilton Rap (whitehouse version with subtitles) https://t.co/N7wIB6Q7N9 via @YouTube
Wall Street Week | Episode 5 | Michael Novogratz, Andre Agassi and Bobby... https://t.co/y9YFK2kFV4 via @YouTube
Unscramble Your Biases https://t.co/Up7NtfwoQX
Reunion 2016 Keynote: The Current Economic Crisis Where Next? https://t.co/ikwYIEvMlA via @YouTube
Bill and Melinda Gates | Code Conference 2016 https://t.co/mbmur4HRUK via @YouTube
Check out @ThisAmerLife episode 545: 'If You Don't Have Anything Nice to Say, SAY IT ....' https://t.co/Awy7xS8Znr
‘Startup School Radio Episode 46: Detour and Groupon founder Andrew Mason’ on #SoundCloud #np https://t.co/kjovimP2Lr
Phil Knight on starting NIKE https://t.co/RenjrTHzuN via @charlieroseshow
a16z Podcast: Startups and Pendulum Swings Through Ideas, Time, Fame, and Money – Andreessen Horowitz https://t.co/X4yYnLxeFn
Hamilton – Joe Posnanski https://t.co/9zGXch3Hio
Marc Andreessen Lessons, Predictions, and Recommendations from an Icon | The Blog of Author Tim Ferriss https://t.co/ObFLTyXuVu
Alphachat: Guy Debelle on the Fed, China, and FX | FT Alphaville https://t.co/Bu4YIkn7FV
A senseless subsidy | The Economist https://t.co/TZecaGk6Me
This Sucks: The Messy History of the Vacuum Cleaner https://t.co/YWXDo4oWRK
Malcolm Gladwell at TIBCO NOW 2014: The Right Attitude https://t.co/n1bBUyFVoo via @YouTube
Alphachatterbox: the life and times of Paul Volcker
https://t.co/1viJ4c8Ybe
How Warren Buffetts Son Would Feed the World - The Atlantic https://t.co/y1jHkldBjL
Jeff Bezos wants to see an entrepreneurial explosion in space - The Washington Post https://t.co/YlRbCc5vUa
value and opportunity | Slow value investing & special situations https://t.co/WZXhc3LYl2
Wilbur and Orville Wright  The Waiter's Pad https://t.co/faMN5dvLct
The Glassmaker Who Sparked Astrophysics - Issue 11: Light - Nautilus https://t.co/jdGjawtVZC
I'm Howard Lindzon. Investor, hedge fund manager, financial analyst, and founder of StockTwits. AMA! : investing https://t.co/TcDJHsXSs5

Sunday, May 15, 2016

Weekend Linkfest



The inside story of Facebook’s biggest setback | Rahul Bhatia | Technology | The Guardian https://t.co/mFir0kFtmh
Google Fiber is the most audacious part of the whole Alphabet - Recode https://t.co/Srcc7Fxn5Y
Meet The New Mavericks: An Inside Look At America's Drone Training Program | Fast Company | Business + Innovation https://t.co/rGWCRxY4yG
The Average 29-Year-Old - The Atlantic https://t.co/x7bcvJGHmL
How Elon Musk exposed billions in questionable Pentagon spending - POLITICO https://t.co/QXGbXdNDLJ
Elon Musk commencement speech at Caltech / CIT (2012.6.15) https://t.co/msaqwIg9u4 via @YouTube
Larry Ellison USC Commencement Speech | USC Commencement 2016 https://t.co/RdEXhuvF8z via @YouTube
Leaders of Companies that are Changing the World - YouTube https://t.co/9nCdNwI2r4
Taking Note: How Note-taking Improves Reading”An Interview with Shane Parrish - Evernote Blog https://t.co/3ZPBK8Wxul
Taylor Mali on "What Teachers Make" - YouTube https://t.co/8B4Q92nftd
Inside Evan Spiegel's very private Snapchat Story - Recode https://t.co/xKhINlCWB9
25 Funniest Ali G Interviews https://t.co/GMuPkPbjQN via @YouTube
So You Want To Be The Next Warren Buffett? Howís Your Writing? https://t.co/h3tY5VcZQ3
Private Equity Outlook from Industry Titans https://t.co/OFyJJa0Q96 via @YouTube
Being German is no laughing matter | 1843 https://t.co/rVKr36GAvG
How Activist Investing Is Reshaping the Boardroom: A New Dawn for Corpor... https://t.co/UkIKCqX9KL via @YouTube
The Alchemy of Capital Structure https://t.co/VHdi5TevRR via @YouTube
Treasury's War on Terror: What It Means for Banking and Global Commerce https://t.co/Q8SMTSepht via @YouTube
Square: Learning Banking Truths the Hard Way - WSJ https://t.co/WCCli1Nzh2
Going Off the grid, from the official site of Stephen Fry https://t.co/zd5dL4Nl5y
The Oprah of Audio”Behind The Podcast With 70M+ Downloads | Observer https://t.co/3fqtMQAaS2
Searching For Google CEO Sundar Pichai, The Most Powerful Tech Giant You've Never Heard Of https://t.co/RNcaOCSHzF
Commencement Speech - University of Michigan https://t.co/UIkfk0jnxT via @YouTube
Michael Bloomberg's commencement speech 2016 - Here's Your Degree. Now Go Defeat Demagogues. - Bloomberg View https://t.co/zcqFLcMHo4

Monday, May 9, 2016

Linkfest

How Reddit Plans To Become a 'Real' Business - Fortune https://t.co/d1b6Ga2rdB
The Showman - The New Yorker https://t.co/RVcTna7Ze8
Meaningful Work and Relationships: A Conversation with Ray Dalio https://t.co/cWRAZW7CVA via @YouTube
Craig Steven Wright claims to be Satoshi Nakamoto. Is he? | The Economist https://t.co/zOmfUheX2p
Jail Term for Wrong Depiction of Indian Map: An Explainer on the Draft Geospatial Bill | The Wire https://t.co/nMljq8w57J
A Dozen Things I’ve Learned from Bernard Baruch about Investing | 25iq https://t.co/Jr8nqv92my
Ten Things I Learned From Tony Hawk — Life Learning — Medium https://t.co/IeyZlFnezi
Lunch with the FT: David Petraeus - https://t.co/9wP2fKLyE3 https://t.co/K4J237nMQy
Global Conference 2016 | Nuclear Fusion: Has Its Time Finally Arrived? » Milken Institute https://t.co/eNYx9bNiQr
market folly : Greenlight capital Q1 letter https://t.co/8CulxF0xWO
The Secret Culprit in the Theranos Mess | Vanity Fair https://t.co/rEWRMx99Ri
Claude Shannon, the Father of the Information Age, Turns 1100100 - The New Yorker https://t.co/YkbGsLzKQC
How Tiger Woods' life unraveled in the years after father Earl Woods' death https://t.co/5iVGWnFbUS
Book review of Raymond Coppinger & Lorna Coppinger's What is a Dog? | Arts and Literature Review https://t.co/MpBHW6Ynxk
Goldman Sachs | Podcast: 'Exchanges at Goldman Sachs' - Episode 30: The Digitization of Finance https://t.co/v8v5IntMoD
Chris Cox https://t.co/s2KLYEQMBX via @charlieroseshow
A Leak Wounded This Company. Fighting the Feds Finished It Off https://t.co/WUdXW6MHgu
Could You Work at a Place Where Everyone Gets to See Everything and People Always Tell You What They Really Think?https://t.co/b8Cs83yWPK

Sunday, April 24, 2016

This is water - The most inspiring speech ever given



Weekend Linkfest

The medical eduction of America - a beautiful essay by Abaraham Flexnar https://t.co/WNZ8cxbMc9
Advice from Hedge Fund Manager – Edward Misrahi http://www.wilowallstreet.com/smarter/advice-from-hedge-fund-manager-edward-misrahi/ …
Why Money Manager Due Diligence is so Difficult http://awealthofcommonsense.com/2016/04/tales-from-manager-due-diligence/ …
Staying one step ahead at Pixar: An interview with Ed Catmull | McKinsey & Company http://www.mckinsey.com/business-functions/organization/our-insights/staying-one-step-ahead-at-pixar-an-interview-with-ed-catmull …
“Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor” http://latticework.com/an-exclusive-look-warren-buffetts-ground-rules-words-of-wisdom-from-the-partnership-letters-of-the-worlds-greatest-investor/ …
Visa Moves At The Speed Of Money - Forbes https://t.co/aNZtPpuDl7
Class Day 2014: Salman Khan https://youtu.be/ac0Kq3jSsp4 via @YouTube
Lessons from the Fall of SunEdison | Base Hit Investing http://basehitinvesting.com/lessons-from-the-fall-of-sunedison/ …
“Why Revolutionaries Love Spicy Food” by @koxinga21 illo by @HulloJackie http://go.nautil.us/spicyfolk
Monica Lewinsky: ‘The shame sticks to you like tar’ | Technology | The Guardian https://t.co/EhKORjOCGb
Alec Ross: "The Industries of the Future" | Talks at Google - YouTube https://youtu.be/fMmM2Jtkhxc
Arianna Huffington: "We Are Drowning in Data and Starved for Wisdom" - YouTube
https://youtu.be/vXzVXRL07B4
Buffet's interview by the FCIC
The wisdom of child consumers: http://www.thebookoflife.org/why-we-hate-cheap-things/ …

Saturday, April 2, 2016

Linkfest

FT alphacast - future of wearables http://aca.st/8a1fc9 via @acastIn this #TedTalk, prof. @AdamMGrant shares the surprising habits of original thinkers: http://bit.ly/1qn2OIW #Originals @TedTalksRecord year: APAC private equity deal value rose 44% in 2015 to a record $125 billion http://ow.ly/108vvz
Price vs. service for international airlines. #travel #datavizhttps://www.1843magazine.com/travel/what-the-numbers-say/come-fly-with-me …
How Many Decimals of Pi Do We Really Need? - Edu News | NASA/JPL Edu http://www.jpl.nasa.gov/edu/news/2016/3/16/how-many-decimals-of-pi-do-we-really-need/ …Top V.C. on “Mostly Crap” Start-Ups, Mark Zuckerberg, and Early Facebook’s Grim Lunches | Vanity Fair http://www.vanityfair.com/news/2016/03/chamath-palihapitiya-interview-says-start-ups-are-mostly-More evidence: Behind every major Wall St clusterf*%k stands McKinsey & Co.
Valeant & The Roll-Up Racket
http://www.newyorker.com/magazine/2016/04/04/inside-the-valeant-scandal …Rob Ford: The Honest Liar - BuzzFeed News http://www.buzzfeed.com/ivortossell/rob-ford-the-honest-liar?utm_term=.qo65MYZKW#.fqjzoPrkQ …Fireside Chat with A.R. Rahman - Talks at Google https://youtu.be/2XXM6fc0zzw via @YouTubeGoldman Sachs | Talks at GS - Peter Diamandis: Creating the Future Through Technology http://www.goldmansachs.com/our-thinking/talks-at-gs/peter-diamandis.html …Goldman Sachs | Talks at GS - Shaquille O’Neal: Making an Impact on the Court and in the Community http://www.goldmansachs.com/our-thinking/talks-at-gs/shaquille-oneal.html …How Maritime Insurance Built Ancient Rome http://priceonomics.com/how-maritime-insurance-built-ancient-rome/ …Andrew S. Grove, Intel Chief Who Spurred Semiconductor Revolution, Dies at 79 - The New York Times http://www.nytimes.com/2016/03/22/technology/andrew-grove-intel-obituary.html?_r=0 …Too much of a good thing | The Economist http://www.economist.com/news/briefing/21695385-profits-are-too-high-america-needs-giant-dose-competition-too-much-good-thing …Searching For Google CEO Sundar Pichai, The Most Powerful Tech Giant You’ve Never Heard Of via @mat @buzzfeednews