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The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike
Albert Einstein, Atul Gawande, Berlin Wall, Checklist Manifesto, choice architecture, Claude Shannon: information theory, collapse of Lehman Brothers, compound rate of return, corporate governance, discounted cash flows, diversified portfolio, Donald Trump, Fall of the Berlin Wall, Gordon Gekko, intangible asset, Isaac Newton, Louis Pasteur, Mark Zuckerberg, NetJets, Norman Mailer, oil shock, pattern recognition, Ralph Waldo Emerson, Richard Feynman, shared worldview, shareholder value, six sigma, Steve Jobs, Thomas Kuhn: the structure of scientific revolutions
This single-minded cash focus was the foundation of their iconoclasm, and it invariably led to a laser-like focus on a few select variables that shaped each firm’s strategy, usually in entirely different directions from those of industry peers. For Henry Singleton in the 1970s and 1980s, it was stock buybacks; for John Malone, it was the relentless pursuit of cable subscribers; for Bill Anders, it was divesting noncore businesses; for Warren Buffett, it was the generation and deployment of insurance float. At the core of their shared worldview was the belief that the primary goal for any CEO was to optimize long-term value per share, not organizational growth. This may seem like an obvious objective; however, in American business, there is a deeply ingrained urge to get bigger. Larger companies get more attention in the press; the executives of those companies tend to earn higher salaries and are more likely to be asked to join prestigious boards and clubs.
There is no strict formula here, no hard-and-fast rules—it does not always make sense to repurchase your own stock or to make acquisitions or to sit on the sidelines. The right capital allocation decision varies depending on the situation at any given point in time. This is why Henry Singleton believed flexibility was so essential. As a group, these CEOs faced the inherent uncertainty of the business world with a patient, rational, pragmatic opportunism, not a detailed set of strategic plans. TABLE 9-1 A shared worldview Their specific actions stemmed from a broader, shared mindset and added up to nothing less than a new model for CEO success, one centered on the optimal management of firm resources. Although the outsider CEOs were an extraordinarily talented group, their advantage relative to their peers was one of temperament, not intellect. Fundamentally, they believed that what mattered was clear-eyed decision making, and in their cultures they emphasized the seemingly old-fashioned virtues of frugality and patience, independence and (occasional) boldness, rationality and logic.
Why Liberalism Failed by Patrick J. Deneen
David Brooks, Donald Trump, en.wikipedia.org, Francis Fukuyama: the end of history, income inequality, mortgage debt, Nicholas Carr, plutocrats, Plutocrats, price mechanism, Ronald Reagan, shared worldview, Steven Levy, the scientific method, Thomas L Friedman, Tyler Cowen: Great Stagnation, women in the workforce, zero-sum game
More than ever, as we enter an era when the use of sexually differentiating pronouns is discouraged on college campuses and regional differences dissipate into the stew of our national monoculture, political alignment seems to be the one remaining marker that is inescapable and eternal, even natural and inevitable, defining the core of our identity. Given the extent to which this basic divide shapes the outlooks of nearly every politically aware person living in an advanced liberal society today, it seems almost unthinkable to suggest that it is far less than it seems—and indeed that the apparent unbridgeability of the chasm separating the two sides merely masks a more fundamental, shared worldview. The project of advancing the liberal order takes the superficial form of a battle between seemingly intractable foes, and the energy and acrimony of that contest shrouds a deeper cooperation that ends up advancing liberalism as a whole. The modern American landscape is occupied by two parties locked in permanent battle. One, deemed “conservative,” advances the project of individual liberty and equality of opportunity especially through defense of a free and unfettered market; the other, deemed liberal, aims at securing greater economic and social equality through extensive reliance upon the regulatory and judicial powers of the national government.
Sleeping Giant: How the New Working Class Will Transform America by Tamara Draut
affirmative action, Affordable Care Act / Obamacare, always be closing, American ideology, battle of ideas, big-box store, blue-collar work, collective bargaining, creative destruction, David Brooks, declining real wages, deindustrialization, desegregation, Detroit bankruptcy, Donald Trump, Edward Glaeser, ending welfare as we know it, Ferguson, Missouri, financial deregulation, full employment, immigration reform, income inequality, invisible hand, job satisfaction, knowledge economy, knowledge worker, low skilled workers, mass incarceration, minimum wage unemployment, mortgage tax deduction, new economy, obamacare, occupational segregation, payday loans, pink-collar, plutocrats, Plutocrats, Powell Memorandum, profit motive, race to the bottom, Ralph Nader, rent-seeking, rising living standards, Ronald Reagan, shared worldview, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, trickle-down economics, union organizing, upwardly mobile, War on Poverty, white flight, women in the workforce, young professional
One of the trainers in Georgia who ran a boot camp was very anxious about the reaction and worried that there would be backlash among both white and black members. But the day after the training, he called Návar to let him know that the members loved it, and were “pissed” at what they had learned. Návar is doing good old-fashioned consciousness-raising, and for the progressive movement, the loss of unions playing this role is a severe blow to building the kind of shared worldview among the working class critical for rebuilding political power. And that kind of work is gaining more traction across the labor movement. In February 2015, the AFL-CIO launched a Labor Commission on Racial and Economic Justice. Carmen Berkley, director of Civil, Human and Women’s Rights at the AFL-CIO, is leading the initiative, which has the full participation of the AFL-CIO’s Executive Council.
The Global Auction: The Broken Promises of Education, Jobs, and Incomes by Phillip Brown, Hugh Lauder, David Ashton
active measures, affirmative action, barriers to entry, Branko Milanovic, BRICs, business process, business process outsourcing, call centre, collective bargaining, corporate governance, creative destruction, credit crunch, David Ricardo: comparative advantage, deindustrialization, deskilling, disruptive innovation, Frederick Winslow Taylor, full employment, future of work, glass ceiling, global supply chain, immigration reform, income inequality, industrial cluster, industrial robot, intangible asset, job automation, Joseph Schumpeter, knowledge economy, knowledge worker, low skilled workers, manufacturing employment, market bubble, market design, neoliberal agenda, new economy, Paul Samuelson, pensions crisis, post-industrial society, profit maximization, purchasing power parity, QWERTY keyboard, race to the bottom, Richard Florida, Ronald Reagan, shared worldview, shareholder value, Silicon Valley, sovereign wealth fund, stem cell, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, Thomas L Friedman, trade liberalization, transaction costs, trickle-down economics, winner-take-all economy, working poor, zero-sum game
Being middle class is not only to stand somewhere between the rich and poor but is also deﬁned by occupation linked to a lifestyle package, including a decent salary, career prospects, and a comfortable standard of living. There is little sense of a relationship between people in different social classes or between those in the same class living in different countries. It is far removed for Karl Marx’s idea of a “class in itself ” let alone a “class for itself ” sharing worldviews with political signiﬁcance. To date, in most of the studies of the global middle class, it means little more than a growing class of consumers who offer new market opportunities to Western companies. The connection between the middle classes in developed and emerging economies hardly ﬁgures in their accounts because the American middle class is part of the global rich. Indeed, there is little expectation of a rapid convergence between incomes in rich and poor countries, as we’ve noted.
Transcending the Cold War: Summits, Statecraft, and the Dissolution of Bipolarity in Europe, 1970–1990 by Kristina Spohr, David Reynolds
anti-communist, bank run, Berlin Wall, Bretton Woods, computer age, conceptual framework, cuban missile crisis, Deng Xiaoping, failed state, Fall of the Berlin Wall, Kickstarter, Kitchen Debate, liberal capitalism, Mikhail Gorbachev, mutually assured destruction, Nixon shock, oil shock, open borders, Ronald Reagan, Ronald Reagan: Tear down this wall, shared worldview, Thomas L Friedman, Yom Kippur War, zero-sum game
Both President Richard Nixon and his National Security Adviser Henry Kissinger were convinced that the United States had to end its post-Korean War policy of treating ‘Red China’ as a pariah state. ‘We simply cannot afford to leave China outside the family of nations’, Nixon insisted in 1967. ‘Communist China is a major fact of international life’, declared Kissinger the following year; he visualized the world moving from a bipolar era to one of multipolarity.9 This shared worldview prompted their opening to China in 1971–2; though tactical calculations about pressing the Soviets to the negotiating table also played a part. At the practical level, Kissinger acted as the secret go-between to set up the unprecedented meeting between the American and Chinese leaders in 1972. In some respects, his role paralleled that of Bahr for Brandt. On the Chinese side, there was a similar double act—Mao Zedong, founding father of the PRC, prided himself on being the ‘philosopher’, leaving his prime minister, Zhou Enlai, to handle all the practical details of diplomacy with Nixon and Kissinger in Beijing.
The Great Turning: From Empire to Earth Community by David C. Korten
Albert Einstein, banks create money, big-box store, Bretton Woods, British Empire, business cycle, clean water, colonial rule, Community Supported Agriculture, death of newspapers, declining real wages, different worldview, European colonialism, Francisco Pizarro, full employment, George Gilder, global supply chain, global village, God and Mammon, Hernando de Soto, Howard Zinn, informal economy, Intergovernmental Panel on Climate Change (IPCC), invisible hand, joint-stock company, land reform, market bubble, market fundamentalism, Monroe Doctrine, Naomi Klein, neoliberal agenda, new economy, peak oil, planetary scale, plutocrats, Plutocrats, Project for a New American Century, Ronald Reagan, Rosa Parks, sexual politics, shared worldview, social intelligence, source of truth, South Sea Bubble, stem cell, structural adjustment programs, The Chicago School, trade route, Washington Consensus, wealth creators, World Values Survey
All through history, people thought the way they saw the world was the way the world really was — in other words, they saw their worldview as the true worldview and all others as mistaken and therefore false.4 In our ﬁrst encounters with people from different cultures, we are likely The Opportunity 77 to experience them as weird, difﬁcult to understand, and possibly dangerous. Through extended intercultural experience, however, we come to see the deeper truth of culture as an organizing construct that deﬁnes a shared worldview essential to social coherence. Coming to understand the nature of culture is the essence of the critical transition from Socialized Consciousness to Cultural Consciousness described in chapter 2. The spreading awakening of Cultural Consciousness is of particular importance to us in this time of rapid change in the human circumstance. It is essential to our ability to live on a small planet in peaceful and mutually beneﬁcial relationship with peoples of cultures different from our own; to identify and change those aspects of human culture that are actively self-destructive; and to consciously bring forth a new culture of Earth Community.
The Human Swarm: How Our Societies Arise, Thrive, and Fall by Mark W. Moffett
affirmative action, barriers to entry, Berlin Wall, California gold rush, delayed gratification, demographic transition, eurozone crisis, George Santayana, glass ceiling, Howard Rheingold, invention of agriculture, invention of writing, Kevin Kelly, labour mobility, land tenure, long peace, Milgram experiment, out of africa, phenotype, Ralph Waldo Emerson, Ronald Reagan, shared worldview, Silicon Valley, social intelligence, Steve Jobs, Steven Pinker, World Values Survey
Jerseys might additionally have sped the process of bringing on board another member. Sure, we might not have completely trusted any new kids at first, but given satisfactory appearance (the jersey), and behavior (including how they got that shirt), they would likely have been quickly identified as part of the group even by the players who didn’t know them. As for societies, markers add up to an indelible awareness of who we are, yoking people who haven’t met to a shared worldview even when those traits do not require our attention. During the average moment, our markers are so familiar and expected that we notice them no more than we see the sky’s precise shade of blue. Yet we hunger for them when they are absent. This is why, when starved for others “like us” on a trip abroad, we seek out a bar, restaurant, or hangout of people from our nation, and greet the expatriates there, somehow familiar though unknown to us, as old friends.
The Organized Mind: Thinking Straight in the Age of Information Overload by Daniel J. Levitin
airport security, Albert Einstein, Amazon Mechanical Turk, Anton Chekhov, Bayesian statistics, big-box store, business process, call centre, Claude Shannon: information theory, cloud computing, cognitive bias, complexity theory, computer vision, conceptual framework, correlation does not imply causation, crowdsourcing, cuban missile crisis, Daniel Kahneman / Amos Tversky, delayed gratification, Donald Trump, en.wikipedia.org, epigenetics, Eratosthenes, Exxon Valdez, framing effect, friendly fire, fundamental attribution error, Golden Gate Park, Google Glasses, haute cuisine, impulse control, index card, indoor plumbing, information retrieval, invention of writing, iterative process, jimmy wales, job satisfaction, Kickstarter, life extension, longitudinal study, meta analysis, meta-analysis, more computing power than Apollo, Network effects, new economy, Nicholas Carr, optical character recognition, Pareto efficiency, pattern recognition, phenotype, placebo effect, pre–internet, profit motive, randomized controlled trial, Rubik’s Cube, shared worldview, Skype, Snapchat, social intelligence, statistical model, Steve Jobs, supply-chain management, the scientific method, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, Thomas Bayes, Turing test, ultimatum game, zero-sum game
Hence, the act of uttering an indirect speech act can be seen as inherently an act of play, an invitation to cooperate in a game of verbal hide-and-seek of “Do you understand what I’m saying?” The philosopher John Searle says the mechanism by which indirect speech acts work is that they invoke in both the speaker and the hearer a shared representation of the world; they rely on shared background information that is both linguistic and social. By appealing to their shared knowledge, the speaker and listener are creating a pact and affirming their shared worldview. Searle asks us to consider another type of case with two speakers, A and B. A: Let’s go to the movies tonight. B: I have to study for an exam tonight. Speaker A is not making an implicature—it can be taken at face value as a direct request, as marked by the use of let’s. But Speaker B’s reply is clearly indirect. It is meant to communicate both a literal message (“I’m studying for an exam tonight”) and an unspoken implicature (“Therefore I can’t go to the movies”).
Austerity Britain: 1945-51 by David Kynaston
Alistair Cooke, anti-communist, British Empire, Chelsea Manning, collective bargaining, continuous integration, deindustrialization, deskilling, Etonian, full employment, garden city movement, hiring and firing, industrial cluster, invisible hand, job satisfaction, labour mobility, light touch regulation, mass immigration, moral panic, Neil Kinnock, occupational segregation, price mechanism, rent control, reserve currency, road to serfdom, Ronald Reagan, shared worldview, stakhanovite, strikebreaker, the market place, upwardly mobile, urban planning, urban renewal, very high income, wage slave, washing machines reduced drudgery, wealth creators, women in the workforce, young professional
The images from the male version remain particularly strong – the teachers (often Oxbridge-educated) in their long black gowns, the boys in their caps and blazers, the undeviating rigour of the whole performance – but possibly the best account we have is of Stockport High School for Girls, which the daughter of an engineering draughtsman, Joan Rowlands (later Bakewell), left in 1951 after seven moulding years: I was overwhelmed by a body of women resolved to shape and instruct me in their shared world-view. They were a cohort of the army of self-improvement, steeped in the same entrenched, spinsterly values of learning, duty and obedience, tempered with a little laughter when exams weren’t too pressing. The school motto set the high-minded tone: Self-reverence, self-knowledge, self-control, These three alone lead life to sovereign power. – lines taken from an obscure poem by Tennyson, ‘Oenone’, which no one could pronounce.