Sublime
An inspiration engine for ideas
new clients are worth more to the firm than the value of the initial engagement, because they offer the potential for additional future revenues.
David H. Maister • Managing The Professional Service Firm
Would-be capitalists were not granted the right to create limited-liability corporations unless they could prove doing so would constitute a clear and incontestable “public benefit” (in other words, the notion of social value not only existed but was inscribed in law)—this usually meant, in practice, only if they were proposing to dig a canal or
... See moreDavid Graeber • Bullshit Jobs: A Theory
Oaktree’s investment philosophy doesn’t prohibit having opinions, just acting as if they’re right.
oaktreecapital.com • Sea Change
To protect against default, the Exchange required full cash collateral to borrow gold. But that was an opening for speculations by clever traders like Gould. If a trader bought gold and then immediately lent it, he could finance his purchase with the cash collateral and thereby acquire large positions while using very little of his own cash.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Closed for functions; Open for information
Phyllis Kirk JD • Quantum Lite Simplified
The power of kindness and generosity in professional success, challenging the stereotype that achievement requires ruthless ambition.
TRANSCRIPT
I'm like a pipsqueak compared to him. He doesn't really get much out of it, but he was so willing, so interested, so kind, you know, met with me for a long time, was very honest about the struggles that he's had in his career, what he thinks he's good at, what he thinks he's not good at.
A level of humility coming from a person who is so successful
... See moreEconomically relevant information is discovered from experimentation, not deduced from a model.