Idea Almanac

Daily update on new ideas and books so that you can grow each day

December 3, 2021

“You scrutinize the check, looking again and again at the dollar amount. You make sure there are enough commas. That the date is correct. That the signature resembles the one you know. A part of you wants to drive all the way down to Santa Cruz, to the bank with the recessed lighting, the gleaming tile, the golden safe door half-open behind the counter, gleaming from the darkness like a yacht’s steering wheel. To change your shirt into something with a collar, maybe wear a tie—to dress up for the occasion. One point nine million dollars is a lot of money. You feel nervous handling it, like you’ve robbed it off someone else. Better to go to the closest bank you can find. Who cares if it’s in a strip mall in Los Gatos? You need to get this thing out of your hands, fast”

Excerpt From: Marc Randolph. “That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea.”

December 2, 2021

“Sachin and Binny began to make preparations for a Flipkart that would be many, many times its current size. They had already established a foothold in books. Now the company hungrily entered new categories. In the second half of 2010, Flipkart started selling mobile phones, music and film CDs, DVDs, and cameras. To launch these categories and to move to the next stage in its evolution, the company needed a capable management team. When a startup receives venture capital, investors insist that the company hire experienced leaders. Its new executives are expected to have previously worked at larger companies so they are able to bring to the startup their subject matter expertise or general management abilities.”

Excerpt From: Mihir Dalal. “Big Billion Startup: The Untold Flipkart Story.”

December 1, 2021

“Steve was in a sociable mood, so we chatted it up for a few minutes, and then the meeting began. “Before we start, let me just update you on a few things,” said Steve, his eyes surveying the room. “First off, let’s talk about iMac—”
He stopped cold. His eyes locked on to the one thing in the room that didn’t look right. Pointing to Lorrie, he said, “Who are you?”
Lorrie was a bit stunned to be called out like that, but she calmly explained that she’d been asked to attend because she was involved with some of the marketing projects we’d be discussing. Steve heard it. Processed it. Then he hit her with the Simple Stick.
“I don’t think we need you in this meeting, Lorrie. Thanks,” he said. Then, as if that diversion had never occurred—and as if Lorrie never existed—he continued with his update.”

Excerpt From: Insanely Simple. “Ken Segall.”

November 30, 2021

“Economics imagines a world of irrepressible dynamism. People get inspired, change jobs, turn from making machines to making music, quit and decide to wander the world. New businesses get born, rise, fail, and die, are replaced by timelier and more brilliant ideas. Productivity grows in staccato leaps, nations grow richer. What was made in Manchester mills moves to Mumbai factories and then to Myanmar and maybe, one day, to Mombasa or Mogadishu. Manchester is reborn as Manchester digital, Mumbai turns its mills into up-market housing and shopping malls, where those who work in finance spend their newly fattened paychecks. Opportunities are everywhere, waiting to be discovered and grabbed by those who need them.”

Excerpt From: Abhijit V. Banerjee. “Good Economics for Hard Times.”

November 29, 2021

“Office duplicating by machine was a new and unsettling idea that upset long-established office patterns. In 1887, after all, the typewriter had been on the market only a little over a decade and wasn’t yet in widespread use, and neither was carbon paper. If a businessman or a lawyer wanted five copies of a document, he’d have a clerk make five copies—by hand.”

“Why should I want to have a lot of copies of this and that lying around? Nothing but clutter in the office, a temptation to prying eyes, and a waste of good paper.’”

Excerpt From: John Brooks. “Business Adventures: Twelve Classic Tales from the World of Wall Street.”

November 28, 2021

“For centuries, debating has been prized as an art form, but there’s now a growing science of how to do it well. In a formal debate your goal is to change the mind of your audience. In an informal debate, you’re trying to change the mind of your conversation partner. That’s a kind of negotiation, where you’re trying to reach an agreement about the truth. To build my knowledge and skills about how to win debates, I studied the psychology of negotiations and eventually used what I’d learned to teach bargaining skills to leaders across business and government. I came away convinced that my instincts—and what I’d learned in karate—were dead wrong.”

Excerpt From: Adam Grant. “Think Again.”

November 27, 2021

“As a newborn, in the birthing ward, you are given an injection. The needle punctures your skin, the very first line of your defense network. The threat didn’t even come through the line at the party’s velvet rope—not through your mouth or nose. It was sliced in through the roof. The steel invades the tissue. It will likely be clean of bacteria. Regardless, it will cause a localized response, a virtual panic among your cells. Months later, you might get scratched by the family cat. The cat may carry a microbe. So might the mosquito that landed on your crib and punctured your skin. Mobilization again, within an instant, the most sophisticated defense network in the known world explodes into action.”

Excerpt From: Matt Richtel. “An Elegant Defense.” –  Amazon Link

November 26, 2021

Lakhani was a natural in the world of oil trading, equally at ease in the presidential palace of an oil-rich megalomaniac or the refined and discreet world of Swiss finance. He was born in Karachi, Pakistan, but had grown up in London and Vancouver. A natural entertainer, he hosted concerts for the diplomatic corps at his bungalow in a wealthy neighbourhood of Baghdad. Later in Erbil, in the semi-autonomous Kurdish region of northern Iraq, he would hold parties with free-flowing champagne and seafood flown in from Dubai where guests would goggle at his collection of paintings by Salvador Dali. Lakhani’s role was a mixture of wheeler-dealer and diplomat. Known variously as ‘middlemen’, ‘agents’ or ‘fixers’, men like Lakhani are hired by commodity traders for their connections and ability to make things happen in difficult parts of the world, where the traders may not have a fully-staffed office.”

Excerpt From: Farchy, Jack. “The World for Sale.”

November 25, 2021

“A modern development started with thought about how we acquire language. Children quickly learn to speak very accurately, with virtually no lessons, which suggests that the mind has an inbuilt module that contains the necessary skills of grammar and concepts, which are then triggered by experience. But if we have one module for language, why not other modules, for mental capacities dealing with psychology, biology, physics and geometry?”

Excerpt From: Peter Gibson. “Degree in a Book: Philosophy.” – Amazon Link

November 24, 2021

“For most of us, failure comes with baggage—a lot of baggage—that I believe is traced directly back to our days in school. From a very early age, the message is drilled into our heads: Failure is bad; failure means you didn’t study or prepare; failure means you slacked off or—worse!—aren’t smart enough to begin with. Thus, failure is something to be ashamed of. This perception lives on long into adulthood, even in people who have learned to parrot the oft-repeated arguments about the upside of failure. How many articles have you read on that topic alone? And yet, even as they nod their heads in agreement, many readers of those articles still have the emotional reaction that they had as children. They just can’t help it: That early experience of shame is too deep-seated to erase. All the time in my work, I see people resist and reject failure and try mightily to avoid it, because regardless of what we say, mistakes feel embarrassing. There is a visceral reaction to failure: It hurts.”

Excerpt From: Ed Catmull with Amy Wallace. “Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration.” – Amazon Link