The Most Important Resource
Time, money, and talent can always be traded for assets. But the degree to which they can be traded for each other is bound by circumstance.
Hut, Hut … Hut
Success requires more than doing things right. Success requires knowing the right things to do; a talent that literally comes from the ground up.
Talent
An organization deficient in talent should no more anticipate success than an individual who is unable to throw hard should expect to become the next Nolan Ryan.
Bad News
In the same way as telemetry guides a torpedo towards its target, bad news guides you toward success. This video emphasizes the importance of telling “bad news.”
Projection vs. Prediction
In sports, basing future expectations on past performance is silly. In business, basing future expectations on past performance is more than silly, it’s lethal.