Category: Management

We are Founders, and We are Afraid

Fear doesn’t go away, it simply evolves. And that’s okay, because it’s the fear that drives us—but it’s up to us to embrace that fear and channel it, rather than let it drown us. It’s up to us to recognize the fears and go after them. It’s the scary parts of our business (like talking to potential clients to make a sale, or firing a troubling employee) that play the most critical roles.

→ Medium

To Succeed in Work and Life, Be Mr. T

A T-shaped man has two characteristics. First, he has a depth of knowledge and a focused expertise in one skill or discipline. This characteristic is represented by the vertical stroke of the T. Second, he has an interest in and a willingness to use a broad range of skills and disciplines outside his area of expertise. This characteristic is represented by the horizontal stroke of the T. A T-shaped man is, in short, a jack-of-all-trades, but a master of one.

→ Art of Manliness

A Resurgent Goldman Can Reshape Wall Street

Indeed, had such a plan been in place in the years leading up the collapse of Lehman, I bet the bank would still be around, because former Chairman Richard Fuld and his acolytes would have been far more prudent. They would have taken the time to analyze the risk the company was taking on, which is exactly what Goldman Sachs did in late 2006 when it decided to short the mortgage market to take advantage of its competitors’ foolishness.

William D. Cohan is certainly right about his statement. But the problem doesn’t simply lie behind prudent behavior, it is also Goldman not being in-line with its clients, to the mind of general public. Take a look at the comments, no one seems to care about Goldman changing its internal compensation model for the top-tier of the payroll, because to most people’s mind Goldman is morally bankrupt.

→ Bloomberg