I’m on a flight with my window shade open, looking at clouds, field patterns, a river, and communities. I wonder where the roads go, which community that is, what their major industry is, whether that river has trout. I also wonder why only one other person in my section has their window shade open. I […]
One of the top concerns for CEOs at this point in time is political uncertainty. Biden or Trump[*]? And then there are all the downstream races, the effect on administrative polices, trade and labor implications, let alone defense spending and our position in the world. If you are like many of my clients, it drives […]
“In the short run, the market acts as a voting machine; in the long run, it becomes a weighing machine.” —Ben Graham, Warren Buffett’s mentor It’s shortly after lunch as I write this, and I’m confident I’m in the top 5% of healthy eaters on the planet. For the last two meals. Most would agree […]
A recent Andy Kessler column in The Wall Street Journal caught my eye (“Profit Can Be Your Purpose: Why do Millennials and Gen Zers want their work to provide psychic rewards?” March 3, 2024). I often like Kessler’s articles and appreciate his humor on this topic. Example: “Looking for work now is about finding your […]
People fly for several reasons but most often to get from point A to point B with little energy. To accomplish this, the pilot undergoes a formal trip planning process; a climb up to a turbulence-free, energy-efficient altitude (considering engine efficiency, headwinds, drag, etc.); autopilot activation; and a relatively straight-line cruise until it’s time to […]
There’s a strong case for not going big, at least not often. Forgive me for the football analogy, but when it’s third and 25, the chances of completing a 26-yard pass against a defense set up to protect against this very thing are small. If there’s one minute left in the fourth quarter, you throw […]
In my many years of coaching CEOs and other senior executives, I’ve seen one thing cause more damage than anything else. Conflict. No, not too much (though I’ve certainly seen that)—too little. Avoiding the tough decisions and conversations. The underlying problem is usually an internal voice that says, “I want everyone to like me.” Your […]
The Wall Street Journal recently highlighted the correlation (which, of course, isn’t the same as causation) between excessive government regulation and low economic growth (comparing Europe with the US). Although I’m not a libertarian, I cringe at the growth of the administrative state and regulation. Of course we need some, but how much? That’s the […]
How was your day? If it was “average,” you probably put out some fires, fielded questions, responded to requests, and dealt with a few surprises. All necessary requirements of senior leadership. But did you also think about the future, develop plans, proactively eliminate some risks, and identify growth opportunities for the business, your people, and […]
Some clients don’t agree with me using the word conflict in a positive light. I tell them why I disagree, which I guess is an example of healthy conflict. Addressing conflict requires consideration of two precursors. Let’s deal with semantics first. You might prefer the word disagree, oppose, disharmony, fight, strife, struggle, or ruckus. Great, […]