The Defense Reformation
As a nation, we are in an undeclared state of emergency. Around 2014, Russia annexed Crimea, China militarized the Spratly Islands in the South China Sea, and Iran was allowed to pursue the bomb... Read More
November 2024
June 2023
Modern Sardine Management
The current oversupply of real estate is different from past cyclical excesses. The present situation is a result of commoditization of real estate. Real estate investment rather than... Read More
June 2022
Bob Farrell’s 10 Rules for Investors
Farrell spent decades as the head of market strategy at Merrill Lynch and gain universal respect and admiration his insights and market wisdom have stood the test of time... Read More
April 2022
Gen Colin Powell’s Thirteen Rules of Leadership
As we reflect on former Secretary of State Colin Powell’s legacy, we are reminded of his thirteen rules of leadership which have guided so many of our colleagues and principals... Read More
December 2021
Clay Christensen: How Will You Measure Your Life
Before I published The Innovator’s Dilemma, I got a call from Andrew Grove, then the chairman of Intel. He had read one of my early papers about disruptive technology, and he asked if I could talk to... Read More
May 2021
Hubert Joly and Best Buy
When I joined Best Buy BBY -0.25% on September 4, 2012, the mood was grim. The previous CEO had been fired, embroiled in a scandal, and the share price was plummeting... Read More
January 2021
Rudyard Kipling: If-
If you can keep your head when all about you, are losing theirs and blaming it on you, if you can trust yourself when all men doubt you, but make allowance for their doubting too; if you can wait and not be tired by waiting, or being lied about, don’t deal in lies, or being hated, don’t give way to...
April 2020
Mark Andreessen: It’s Time to Build
Written by Marc Andreessen Every Western institution was unprepared for the coronavirus pandemic, despite many prior warnings. This monumental failure of institutional effectiveness will reverberate for the rest of the decade, but it’s not too early to ask why, and what we need to do about it. Many of us would like to pin the … Read More
September 2019
Sam Walton: Running a Successful Company – Ten Rules That Worked For Me
Running A Successful Company: Ten Rules That Worked for Me From Sam Walton, Made in America, June 1992 This isn’t the first time that I’ve been asked to come up with a list of rules for success, but it is the first time... Read More
March 2019
The University of Georgia’s Corsair Society
Written by Lori Johnston (ABJ ’95 UGA) and Jeremy Bales (AB, ABJ ’01 UGA) and published in the December 2014 issue of GEORGIA MAGAZINE The Statue of Liberty looms in the distance through the floor-to-ceiling windows on the 27th floor of Citi’s Greenwich Street...Read More
November 2018
Jim Grant: Perspective on US Fiscal Position
America’s deteriorating public credit is the cold-button issue of the 2018 midterms. With rare bipartisanship, Democrats and Republicans compete to pretend that the country isn’t going broke. In 1992, the third-party presidential candidate... Read More
October 2018
Lewis Grizzard: Great moments in a would-be father’s life
To my son, if I ever have one: Kid, I am writing this on Sept. 3, 1984. I have just returned from Athens, where I spent Saturday watching the University of Georgia, your old dad’s alma mater, play football against Clemson. While the events of the day were still fresh on my mind, I wanted … Read More
July 2018
Howard Marks: Memos
Since 1990, Oaktree Capital’s Howard Marks has been routinely publishing memos to memorialize lessons he has learned, insights he has had, and effects of current events on the markets. His memos provide unique clarity into the world around us... Read More
Mark Leonard: On Effective Boards of Directors
Our current policy is to invest all of our retained investor’s capital (and then some) when we think we can achieve our targeted hurdle rates... Read More
Warren Buffett: Berkshire Hathaway Chairman’s Shareholder Letters
Since 1977, Berkshire Hathaway’s annual shareholders are candid and insightful glimpses into how the company sees the world and in turn makes investments... Read More
Fernando del Pino: The Five Experiments
By Fernando del Pino December 2015 When I was kindly invited by our founder to make a presentation in our first meeting, I thought it would be interesting to bring out some... Read More
Remembering a Hero: Welles Crowther
Written by Peggy Noonan What do I think about when I think about that day? The firemen who climbed “the stairway to Heaven” with 50, 60 pounds of gear. The people who called from Windows on the World and said: “I just want you to know I love you.” The men on the plane who … Read More
Leo Tolstoy on Abraham Lincoln
TOLSTOI HOLDS LINCOLN WORLD’S GREATEST HERO. Bigger Than His Country. Bigger Than All the Presidents Together: a Christ in Miniature. STILL TOO NEAR TO APPRECIATE HIS POWER. Great Russian Tells...Read More
January 2018
Morten Hansen: How to Succeed In Business? Do Less.
By Morten T. Hansen Most Americans work impossibly hard. We put in long hours and maximum effort, but better performance often eludes us. I’m no exception. I remember being in my 20s and landing my dream job as a management consultant... Read More
August 2017
Greg Kaplan’s Note to Son Zach Upon Starting a Summer Internship
My 19 year old son Zach just finished his first summer internship. Back in May, a few days before he started his internship, I sent him this email…Zach, as you begin your first serious internship, I wanted to share... Read More
Byron Wien: Lessons I Have Learned in My First 80 Years
I was scheduled to speak about the world outlook at an investment conference recently and shortly before my time slot the conference organizer said the audience was more interested in what I had learned over the course of my career than what... Read More