Economists continue to debate the extent to which free markets are truly efficient.
It seems to me that two things are certain:
free markets are remarkably efficient at …
1. accumulating wealth, and
2. consolidating power.
Beyond that, it seems to me that free markets are not that efficient at all.
If you can’t be a pine at the top of the hill,
Be a shrub in the valley – but be
The best little shrub by the side of the hill;
Be a bush if you can’t be a tree.
If you can’t be a bush, be a bit of grass,
And some highway happier make;
If you can’t be a muskie then just be a bass,
But the liveliest bass in the lake!
We can’t all be captains, some have to be crew,
There’s something for all of us here;
There’s work to be done, and we all have to do
Our part in the way that’s sincere.
If you can’t be a highway, then just be a trail,
If you can’t be the sun, be a star;
It isn’t by size that you win or you fail,
Be the best of whatever you are.
— Douglas Mallock
All power corrupts, but we need the electricity.
— Unknown
Growth for the sake of growth is the ideology of the cancer cell.
Perhaps it is my natural temperament to do things deliberately and with purpose (after all, it is the tortoise who wins the race). Maybe it is my persistent skepticism. Quite possibly it is an outgrowth of my intuitive personality type (INTJ). Whatever the reason, I have always been resistant to Wall Street’s incessant demand for growth from public companies.
When I see three oranges, I juggle; when I see two towers, I walk.
— Philippe Petit
I watched the wonderful documentary Man on Wire last night. It is the inspiring story of Philippe Petit and his lifelong passion to walk a tightrope between the twin towers of the World Trade Center. His dream began even before the towers were built and culminated in a 45 minute walk in the sky on August 7, 1974. The film is especially bittersweet with all of the behind-the-scenes details of the twin towers, knowing their ultimate fate.
Philippe’s quote above was in response to the incessant pleas by the press for an answer to “Why?” There is no why, he insisted. When he sees oranges, he juggles. When he sees two towers, he walks.
I think there is only one book to a man. It is true that a man may change or be so warped that he becomes another man and has another book but I do not think that it is so with me.
— John Steinbeck, Journals of a Novel: The East of Eden Letters
East of Eden was the first book that I read by Steinbeck. It was moving and well written and rich with characters. Then I discovered Journals of a Novel: The East of Eden Letters and suddenly I felt I had been given a back stage pass to the mind of a writer.
Steinbeck had already written Of Mice and Men (1937) and The Grapes of Wrath (1939) when he set out to write East of Eden (1951). In the intervening years he lived through two divorces and served as a war correspondent. Despite the critical success of his earlier works, his standing as a major novelist had faded. As today’s quote reveals, Steinbeck also felt that he had not yet told the one story that was within him. His editor, Pascal Covici, did all that he could to encourage Steinbeck. Covici sent Steinbeck a number of notebooks and instructed Steinbeck to use them to write.
Consulting is a relationship business. A special product may make you competitive. Differentiated services may make you distinct. But only carefully crafted relationships will create a breakthrough firm.
— Alan Weiss, Million Dollar Consulting
In preparation to launch Rizers — my new company — I am reading Alan Weiss’ classic tome, Million Dollar Consulting.