This is perhaps the most comprehensive and complete explanations of the economy and economic cycles we have ever seen.
In this interview Andrew talks about a wide range of topics, including how he got a start in law and accounting, how he runs a firm with offices in Sydney and Adelaide, fixed fee pricing and scope creep, his management style, rare watches and private jets!
As an entrepreneur you may be, as one person put it, “working harder than anyone else is willing to work,” so that you can, “live as no one else is able to live.” Perhaps a little perspective on this?
7 lessons for life and business from a speech by Gail Kelly at the St George Bank Foundation launch in August 2014
Nassim Taleb, philosopher As you will see in this post, we like TED talks. However, we like Nassim Taleb even more. And despite the fact that Nassim gave a talk at the 2008 TED conference, you will not find it on the web. Maybe because he has accused TED of ‘intellectual dishonesty and lack [...]
The Wright Brothers were the ultimate 'empiricists', learning and ultimately succeeding from actually doing, rather than talking.
Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young.
When you stop talking, you've lost your customer. When you turn your back, you've lost her. Young Estée Lauder (born 1907, died 2004), was born to immigrant parents in the Corona, Queens section of New York City. She began experimenting as a child with skin treatments her uncle cooked up.
“Really big people are, above everything else, courteous, considerate and generous - not just to some people in some circumstances - but to everyone all the time.” “The way to succeed is to double your error rate.” “If you stand up and be counted, from time to time you may get yourself knocked down. But [...]
“The best way to predict the future is to create it.” “People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.” “Accept the fact that we have to treat almost anybody as a volunteer.” Peter Ferdinand Drucker (November [...]
“There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” Sam Walton (born 1918, died 1992) built the world's largest retailer on low prices. Sam Walton was a self-styled populist who became the richest man in America. [...]
“I made a list of people who needed just a little bit of money. And when the list was complete, there were 42 names. The total amount of money they needed was $27. I was shocked.” “Here we were talking about economic development, about investing billions of dollars in various programs, and I could [...]
“With the casino and the beds, our passengers will have at least two ways to get lucky on one of our flights.” “Fortunately we're not a public company - we're a private group of companies, and I can do what I want.” Richard Branson (born 1950) turned the mail-order record shop he opened in [...]
Zheng He's journeys matched the risks taken by the boldest entrepreneurs—and the payoff set a high bar for six centuries of risk takers to follow. Zheng He (born around 1371, died 1433), a Muslim from southwestern China's Yunnan province, was captured by the Emperor's troops as a boy and pressed into Prince Zhu Di's corps [...]
Dick Smith, AO (born Richard Harold Smith; 18 March 1944) is an Australian entrepreneur, businessman, aviator and political activist. He is the founder of Dick Smith Electronics, Dick Smith Foods and the Australian Geographic. He was selected as the 1986 Australian of the Year. Smith has also attempted a number of well-publicised practical jokes, including [...]