Q: What’s the best way to quantify experience? A: Think about the depth and width. There are generalists and their are specialists; either can be better depending on what you need. Want to get you annual… Read More »Depth or Width of Experience
Q: Why do simple or obvious solutions often get overlooked?A: Leaders are embarrassed by how stupid the solution seems. Peter Thiel said, “…as an investor, you often want to find things that are so stupid… Read More »The “Too Stupid” Test
Q: What’s an industry that doesn’t perform well when publicly owned?A: Pro-Sports. Professional sports teams make a lot of money. But despite their profitability, they aren’t often purchased by public corporations—rather the majority of their… Read More »The Private Ownership of Pro-Sports
Q: How many people do we need to solve this problem?A: No more than could be fed with two-pizzas. Amazon has a philosophy about keeping teams small so that they can collaborate better. “We try… Read More »Two-Pizza Teams
Q: What are the two forces that create abundance?A: Technology & Subsidy It’s easy to see that Americans today have more, do more, and expect more, than humans at any other point in history. But… Read More »Where Does Abundance Come From?
Q: Other than price, how do you gauge if something is “expensive”?A: Measure it against opportunity cost. In the late 1940’s, Walt Disney hired a team of nature photographers to record film for a new… Read More »An Under-Spending Problem
Q: How can someone exceed their salary cap? A: Leverage what you do to make money by what you don’t-do. Recording artists, athletes, and movie stars are leveraging their brand to make more than their craft… Read More »Craft as a Loss-Leader