A lesson in elementary worldly wisdom is a lecture by Charlie Munger on the art of business as a subdivision of the art of worldly wisdom. Full Transcript.
“The Common Good Economy”: Mariana Mazzucato on Fixing Capitalism
We speak with the economist Mariana Mazzucato, author of the new book The Common Good Economy: A New Compass.
Cognitive Capitalism - Public Seminar
There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much treats...Read More
Profit, cost, price, learned societies; further thoughts on Samuel A. Moore's Publishing Beyond the Market
Since I last wrote, I have had a few more thoughts on Samuel Moore’s book. Again, these are not necessarily things that he does not discuss or things that he should have discussed. They are merely thoughts that occurred to me in response to reading his work.
Trust is the most powerful currency in business | Fortune
A clear sense of ethics tells employees, clients, and members of your community that you care about a lot more than making money.
The Buffett Formula: Going to Bed Smarter Than When You Woke Up
Learn how Warren Buffett and Charlie Munger turn curiosity into insight. Discover how interest-driven learning builds understanding and reveals hidden opportunities.
My own private basic income
One person’s experience becoming a business owner shows how our economy is based on luck rather than merit and how it rewards people who own stuff rather than people who do stuff.
Harvard Business Impact Education
Why we should bulldoze the business school
The long read: There are 13,000 business schools on Earth. That’s 13,000 too many. And I should know – I’ve taught in them for 20 years
8 documentaries that will make you smarter about money
These will keep you entertained and teach you valuable lessons about money and the economy.
The Everywhere Millionaire: Who Is Really Rich in America and How They Got There
From two leading economists comes a groundbreaking new portrait of the hidden fortunes of Main Street business owners—ordinary Americans who built extraordinary wealth and are quietly rewriting the rules of money and power. Most people think the path to great wealth runs through Wall Street or Silicon Valley. We’re told you must be a Zuckerberg, a Musk, or a Jamie Dimon to get rich. But this story is wrong. Drawing on unprecedented data from a decade of research and vivid real-life stories of entrepreneurs—from a self-made hot-dog stand billionaire to the heirs of an auto dealer—Zidar and Zwick reveal a surprising truth: prosperity is more attainable, more widely distributed, and closer to home than we imagine. A multitude of Americans have built staggering fortunes by running often unglamorous businesses far from the spotlight. A quiet revolution in the business world—the rise of “pass-through” firms like S-corporations and partnerships—supercharged this wealth, channeling vast income directly to business owners rather than traditional corporations.Part economic detective story, part roadmap to riches, this book reveals: —The Hidden 1%: They might be a local beer distributor, a dentist with a regional network of practices, a commercial HVAC contractor with trucks around town, or a restaurateur who keeps opening new locations. For every public company CEO, more than a thousand private business owners each have transformational wealth.— The Blueprint for Wealth: Zidar and Zwick describe where Main Street Millionaires come from, how they grew rich, and how much money they make. Their stories suggest the American Dream is not dead and many paths to prosperity remain open today. — Power Brokers: Armed with their fortunes, Main Street Millionaires wield power in city halls, statehouses, and Washington, often bending policy to protect what they’ve built. They are both growing the economic pie and grabbing bigger slices for themselves.The Everywhere Millionaire celebrates the stories of entrepreneurs who seized opportunities while asking hard questions about how concentrated wealth and power shape society. It is an essential guide to seeing the economy as it really is and recognizing the surprising paths to prosperity—and influence—everywhere.
The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg
A young woman walks into a laboratory. Over the past two years, she has transformed almost every ...
Commodity Intelligence
The seductiveness of “general intelligence” is rooted in a costly category error
On the edge: the art of risking everything
"From the New York Times bestselling author of The Signal and the Noise, the definitive guide to our era of risk-and the players raising the stakes In the bestselling The Signal and the Noise, Nate Silver showed how forecasting would define the age of Big Data. Now, in this timely and riveting new book, Silver investigates "The River," or those whose mastery of risk allows them to shape-and dominate-so much of modern life. These professional risk takers-poker players and hedge fund managers, crypto true-believers and blue-chip art collectors-can teach us much about navigating the uncertainty of the 21st century. By embedding within the worlds of Doyle Brunson, Peter Thiel, Sam Bankman-Fried, Sam Altman, and many others, Silver offers insight into a range of issues that affect us all, from the frontiers of finance to the future of AI. The River has increasing amounts of wealth and power in our society, and understanding their mindset-including the flaws in their thinking-is key to understanding what drives technology and the global economy today. There are certain commonalities in this otherwise diverse group: high tolerance for risk; appreciation of uncertainty; affinity for numbers; skill at de-coupling; self-reliance and a distrust of the conventional wisdom. For the River, complexity is baked in, and the work is how to navigate it, without going beyond the pale. Taking us behind-the-scenes from casinos to venture capital firms to the FTX inner sanctum to meetings of the effective altruism movement, On the Edge is a deeply-reported, all-access journey into a hidden world of powerbrokers and risk takers"--
This is how we build the future: Teaching Regenerative Economics at all levels with Jennifer Brandsberg-Engelmann
How do we let go of the sense of scarcity, separation and powerlessness that defines the ways we live, care and do business together? How can we best equip our young people for the world that is coming - which is so, so different from the future we grew up believing was possible?
The following is from an essay which will be coming out later this year, but it's so relevant to this moment, I'm just going to excerpt a little section. Please read the whole essay when it comes out! "While the asset class’s thought leaders, such as BlackRock CEO Larry Fink... 1/18
Tressie McMillan Cottom
Just saw BlackRock ceo warning that data center moratorium would trigger a massive recession, which is fear mongering. And also hahahahahahhahahahaaaa.
