Ideas
TransDigm: Operator to Capital Allocator with Nick Howley
In today’s episode we are joined by Nick Howley, TransDigm’s founder, long-time CEO and Executive Chairman… Listen to Audio
Bob Farrell’s 10 Timeless 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
Charlie Munger’s Psychology of Human Misjudgment
The Psychology of Human Misjudgment, a speech given in 1995 by legendary investor Charlie Munger… Read More
Brian Schimpf – Anduril: Building The Future of Defense
Brian Schimpf is the CEO and co-founder of Anduril. We cover the evolution of the defense industry, the advantage of Anduril’s business model… Listen to Audio
Colin L. 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
Ten Lessons I Learned From Peter Drucker (forward to the 50th Anniversary Edition of The Effective Executive) by Jim Collins
IF YOU ARE to read one book on executive self-management, it should be this… Read More
Why I’m for COVID vaccines, but against vaccine mandates.
The goal of this article is not to irritate you for the sake of irritating you. My hope in writing this, first and foremost, is to invite you to think. In the heated debate over vaccine mandates, science and logic have often been lost amid politics… Read More
What do we know about climate change? My long-read Q&A with Steven Koonin
“The science is settled on climate change,” eco-pessimists tell us. But can science ever really be settled? In this episode, I’m joined by Steven E. Koonin to discuss the consensus… Read More
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
How Hubert Joly Changed Best Buy Without Everyone Hating Him
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
Speech by Dave Packard to HP Managers
I’m glad to have this opportunity to get together with you and discuss how each of us can do our job more efficiently because as the company grows l think this is going to be crucial in determining whether we are able to continue to grow and keep… Read More
The “Peanut Butter Manifesto”
Three and half years ago, I enthusiastically joined Yahoo ! The magnitude of the opportunity was only matched by the magnitude of the assets. And an amazing team has been responsible for rebuilding Yahoo!… Read More
The 10 most important things I’ve learned about trust over my 100 years
Dec. 13 marks my turning 100 years young. I’ve learned much over that time, but looking back, I’m struck that there is one lesson I learned early and then relearned over and over: Trust is the coin… Read More
The Fringe Benefits of Failure, and the Importance of Imagination
President Faust, members of the Harvard Corporation and the Board of Overseers, members of the faculty, proud parents, and, above all, graduates. The first thing I would like to say is ‘thank you.’ Not only has Harvard… Read More
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 hating… Read More
Life Expectancy vs. Health Expenditure
How to Do What You Love
To do something well you have to like it. That idea is not exactly novel. We’ve got it down to four words: “Do what you love.” But it’s not enough just to tell people that. Doing what you love is complicated. The very idea is foreign to what most of us learn as kids… Read More
“There Are No Shortcuts!”: QUITTERS, CAMPERS, & CLIMBERS
Three individuals were standing at the base of a steep hill. Having just traveled a great distance, all three were extremely tired, but knew that they must ascend the hill if they were to reach their goal destination… Read More
Advice From Life’s Graying Edge on Finishing With No Regrets
At 17, I wrote a speech titled, “When You Come to the End of Your Days, Will You Be Able to Write Your Own Epitaph?” It reflected the approach to life I adopted after my mother’s untimely death from cancer at age 49… Read More
The Road to Self Renewal
This is a speech by John Gardner delivered in 1990 to McKinsey & Company: I’m going to talk about “Self-Renewal.” One of your most fundamental tasks is the renewal of the organizations you serve, and that usually includes persuading the top officers to accomplish a certain amount of self-renewal… Read More
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
When Great Trees Fall
Written by Maya Angelou When great trees fall, rocks on distant hills shudder, lions hunker down in tall grasses, and even elephants lumber after safety. When great trees fall in forests, small things recoil into silence, their senses eroded beyond fear. When great souls die, the air around us becomes light, rare, sterile. We breathe, … Read More
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
Lou Holtz’s 2015 Commencement Address at the Franciscan University of Steubenville
Imagining a World Without Growth
Written by Eduardo Porter, The New York Times Could the world order survive without growing? It’s hard to imagine now, but humanity made do with little or no economic growth for thousands of years. In Byzantium and Egypt, income per capita at the end…Read More
Price Changes
Stay in the Game
Written by Drew Dickson, Albert Bridge Capital This is going to be an uncharacteristic departure for me. This story is deeply personal, for our family, and for our oldest son in particular. But it is a story he’s letting me tell, because it is a story he wants people to hear. My son Max was … Read More
The Moral Peril of Meritocracy
Written by David Brooks Our individualistic culture inflames the ego and numbs the spirit. Failure teaches us who we are. Many of the people I admire lead lives that have a two-mountain shape. They got out of school, began their career, started a family and identified the mountain they thought they were meant to climb … Read More
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
Hard Choices: The Importance of Thoughtful Deliberation – And its Implications for the Future of Capitalism
A speech written and delivered by Seth Klarman before Harvard Business School students and alumni at the opening of Klarman Hall… Read More
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
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
Graduate Speaker Pete Davis at the Harvard University Commencement 2018
This is the 2018 Harvard University Commencement Address by Pete Davis, a Candidate for Juris Doctor, on the importance of picking a path for your career, life, relationships or ethics, and sticking to that path… Watch Video
Winning the Battle In Space by Dr. Michael Griffin
Written by Michael Griffin In April 2011, an Ariane 5 rocket hurled the “New Dawn” communications satellite into geostationary Earth orbit some 36,000 kilometers above the Earth. The $250 million satellite successfully released a set of pins that had held…Read More
Remember Me: Jocko Willink on Memorial Day 2018
Jocko Willink is an acclaimed podcaster. This video uploaded for Memorial Day of 2018 reminds us all to remember those who have bravely and selflessly served our country… Watch Video
Real Vision Interview with Kiril Sokoloff
This video features an interview with Kiril Sokoloff, an investor who closely tracks advances in technology and both their current and future effects on world markets… Watch Video
William Deresiewicz’s 2009 Solitude and Leadership Address at West Point
The lecture below was delivered to the plebe class at the United States Military Academy at West Point in October 2009.My title must seem like a contradiction. What can solitude… Read More
Memos from Howard Marks of Oaktree Capital
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
On Effective Boards of Directors: Perspective from Mark Leonard of Constellation Software
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
Berkshire Hathaway Shareholder Letters: 1977 to 2017
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