Blog

THERE IS A FREE LUNCH AFTER ALL!

THERE IS A FREE LUNCH AFTER ALL!

The most fertile ideas sometimes originate from the most unlikely quarters.  For example, Karl Marx had far more insight into the nature of capitalism and entrepreneurship than any of its protagonists. Marx came to the central insight that the machine system – industrialism, capitalism, call it what you like – constantly and continually made goods better and cheaper.  “Modern industry,”...

Read More

THE RIGHT KIND OF BELIEF

THE RIGHT KIND OF BELIEF

Yesterday evening an entrepreneur friend in his early thirties came to see me to persuade me to invest in his business, a hangover cure.  What was evident was Michael’s total belief in, and commitment to, his business.  I was impressed, but not so impressed that I wanted to invest.  You see, Michael had the wrong sort of belief – as I will explain later in this post. In business and in...

Read More

WHAT MATTERS IS THE BOSS

WHAT MATTERS IS THE BOSS

There are only a few reasons why some people are successful and lead satisfying professional lives, and most do not. Perhaps the most neglected reason is the boss.  The thesis is simple – if you have a boss who is going places, so will you.  At least you will if you make proper use of the boss.  In this post I explore why this is true, how to find a going-places boss, and how to make correct...

Read More

THE BENEFITS OF IGNORANCE

THE BENEFITS OF IGNORANCE

 “Almost always the men who achieve fundamental inventions of a new [scientific] paradigm have been either very young or very new to the field whose paradigm they change.”   This remarkable finding of Thomas Kuhn – made in 1962: hence the use of “men” – jumped out at me this week when I re-read his book, The Structure of Scientific Revolutions.  It was one of the most important...

Read More

THE 80/20 VIEW OF FAME

THE 80/20 VIEW OF FAME

I was asked an intriguing question this week by a friend, Juan from Monterrey, Mexico, that you might like to ask yourself.  The question is: which of these two companies would you rather start and sell?   Company #1, after it is all done, is sold for $500 million. Company #2 is sold for $5 billion. Easy choice, huh? But here comes the catch.  In Company #1, you make the money, but nobody...

Read More

10 THINGS TO KNOW FOR A GREAT CAREER

10 THINGS TO KNOW FOR A GREAT CAREER

Should you go to college?  To business school?  What kind of first job is ideal?  Which career path will be most satisfying for you and make the most money fastest? I’ve been reflecting on this in the past two weeks after reading Taylor Pearson’s excellent blog, The First Job Dilemma.  Basically he says a career starter has a choice between good pay and high social status (a job with...

Read More