Most popular posts
- What makes great boards great
- The fate of control
- March Madness and the availability heuristic
- When business promotes honesty
- Due diligence: mine, yours, and ours
- Alligator Alley and the Flagler (?!) Dolphins
- Untangling skill and luck in sports
- The Southeastern Growth Corridors
- Dead cats and iterative collaboration
- Empirical evidence: power corrupts?
- A startup culture poses unique ethical challenges
- Warren Buffett and after-tax returns
- Is the secret to national prosperity large corporations or start-ups?
- This is the disclosure gap worrying the SEC?
- "We challenged the dogma, and it was incorrect"
- Our column in the Tampa Bay Business Journal
- Our letter in the Wall Street Journal
Other sites we recommend
Unapologetic rules for game-changing entrepreneurs
John Mauldin’s Outside the Box column at InvestorsInsight.com includes the introduction (with the author’s permission) to Andy Kessler’s latest book, Eat People and Other Unapologetic Rules for Game-Changing Entrepreneurs
The Wall Street Journal offered both a review and a video summary:
Mr. Kessler’s heroes are the “free radicals” who not only create wealth but improve the world by increasing everyone’s standard of living – the only (he argues) satisfactory definition of an economy:
Everything else from credit to money supply to quarterly earnings releases to minimum wages is just a tool or else a meaningless characteristic of an economy. Without that “increasing living standards” thing, you and I would still be living in caves, chasing squirrels and shoveling [crap]and dying young from minor infections. Increasing standards of living doesn’t happen automatically. It’s not a gift from heaven. Someone has to invent the future…
Yeah, sure, none of [the free radicals – e.g. Walton, Jobs, Carnegie, Rockefeller] discovered penicillin or cured polio. But these folks increased my standard of living, your standard of living, half the world’s standard of living, on par with any scientist or philanthropist. They created wealth for themselves, yes, but also for society as a whole, by making all of us more productive.