Johanna

You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.

Companies become highly leveraged when they hire lots of superstar talent. They can reduce the risk this creates by hedging against their business model. Basically, this involves asking, “In a world where our main product fails, what other products or services are likely to be successful?” and then building those themselves.

In the current economic system, unemployment spreads like a virus: people lose their jobs, stop spending money, businesses are forced to shut down, and so on.A Job Guarantee could act as a buffer that absorbs unemployed people before they fall to the bottom rungs of the economic ladder. And this could help to stabilize the economy during... See more

Funding agencies need to stop funding under-powered studies using sloppy statistical methods and small group sizes. This will mean that fewer groups will receive funding. However, without some pain there will be no improvement. Labs should be forced to adapt to a harsh new reality that they will only get funding if they conduct high powered,... See more

To make this approach work, you also have to fire humanely. This may seem like a contradiction in terms, but by “firing” I don’t mean the traditional, disgusting practice of marching people to the door in humiliation.

The most impressive people I know care a lot about what people think, even people whose opinions they really shouldn’t value (a surprising numbers of them do something like keeping a folder of screenshots of tweets from haters). But what makes them unusual is that they generally care about other people’s opinions on a very long time horizon—as long... See more

The best way to be good at sales is to genuinely believe in what you’re selling. Selling what you truly believe in feels great, and trying to sell snake oil feels awful.

You observe that most great scientists have tremendous drive. I worked for ten years with John Tukey at Bell Labs. He had tremendous drive. One day about three or four years after I joined, I discovered that John Tukey was slightly younger than I was. John was a genius and I clearly was not. Well I went storming into Bode's office and said, ``How... See more