You’ll want Instapaper for the full article, but this comes from a lengthy piece about the economy, globalization, and market trends at The Hoover Institute.
Those investors who limit themselves to what seems normal and reasonable in light of human history are unprepared for the age of miracle and wonder in which they now find themselves. The twentieth century was great and terrible, and the twenty-first century promises to be far greater and more terrible. Classic investment strategies no longer work in a world where ordinary economic cycles are broken.
Seriously, go read the full article, it’s worth it.
The Economist recently published an article about the “cult of fun” among businesses. Kyle Baxter has a better take on it:
Here’s a much simpler solution: make the work itself interesting and rewarding for your employees so they can get satisfaction from their jobs, make the environment warm and enjoyable for people to be a part of. If you do these two things (which, admittedly, is difficult, but that is your job if you are running a company), workers will find fun things to do naturally with their colleagues.
Alex Payne on Twitter’s need to decentralize:
Some time ago, I circulated a document internally with a straightforward thesis: Twitter needs to decentralize or it will die. Maybe not tomorrow, maybe not even in a decade, but it was (and, I think, remains) my belief that all communications media will inevitably be decentralized, and that all businesses who build walled gardens will eventually see them torn down.
The entire post, which Alex says are his last words concerning Twitter, is well worth the read.
Sean Parker, who helped found Napster and Facebook, is featured in a Vanity Fair article by David Kirkpatrick.
Frank Chimero saw a horse in an Apple Store. Everybody else was too busy looking at the shiny gadgets to observe something exceptional.