Idea Almanac

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

August 17, 2022

Doubt is not a fearful thing,” Feynman observed, “but a thing of very great value.” It’s what propels science forward.
“When the scientist tells you he does not know the answer, he is an ignorant man. When he tells you he has a hunch about how it is going to work, he is uncertain about it. When he is pretty sure of how it is going to work, and he tells you, “This is the way it’s going to work, I’ll bet,” he still is in some doubt. And it is of paramount importance, in order to make progress, that we recognize this ignorance and this doubt. Because we have the doubt, we then propose looking in new directions for new ideas. The rate of the development of science is not the rate at which you make observations alone but, much more important, the rate at which you create new things to test.”

Excerpt From: Philip E. Tetlock. “Superforecasting.”

August 16, 2022

“Even people who take no particular steps to be well informed are routinely exposed to media reports of man-made and natural dangers and the risks of diets, diseases, and quotidian activities. The first category ranges from dreaded terrorist attacks to many manifestations of chemophobia (from pesticide residues in food to carcinogens in toys or carpets), and from asbestos hidden in walls and in baby powder to the planet being ruined by anthropogenic global warming.Media reports do not miss any news of natural catastrophes—including hurricanes, tornadoes, floods, droughts, and locusts—and in the background there are lasting worries about incurable cancers and unpredictable viruses, with recent concerns about SARS-CoV-1 and Ebola just mild previews of the anguish brought by the COVID-19 (SARS-CoV-2) pandemic.”

Excerpt From: Vaclav Smil. “How the World Really Works.”

August 15, 2022

“I have a vision that never ceases to entertain me. I imagine the vast universe, with its hundreds of billions of galaxies. Each galaxy contains hundreds of billions of stars. Around each star, I picture planets of limitless variety. I imagine these trillions of monstrously sized objects slowly orbiting each other in the vast emptiness of space for billions of years. What amazes me is that the only thing in the universe that knows about this—the only thing that knows that the universe exists at all—is our brain. If it wasn’t for brains, then nothing would know that anything exists. It prompts the question that I mentioned at the beginning of the book: If there is no knowledge of something, can we say that the thing exists at all? That our brain plays such a unique role is fascinating. Of course, there may be intelligent beings elsewhere in the universe, but this makes it even more entertaining to think about.”

Excerpt From: Jeff Hawkins;. “A Thousand Brains.

August 14, 2022

“It’s clear that workers want flexibility, especially schedule flexibility, but that alone isn’t enough to convince some leaders to make what can (and should) be a substantial structural and cultural shift. The most convincing reason is the rewards. Mounting evidence shows that flexible work enables organizations to do three key things that are critical across industries:

1) Win the Battle for Talent

2) Engage Employees

3) Build Better Results

Excerpt From: Brian Elliott. “How the Future Works.”

August 11, 2022

“The pandemic created an opportunity to rethink work in terms of both place and time, and in doing so created a whole host of opportunities and challenges: What is the optimal level of flexibility around where and when people do their jobs? Should you move towards being more virtual, as the team at Artemis Connection have done, or bring everyone into the office, as Goldman Sachs is doing, or, like CPP Investments, build a whole portfolio of flexible working practices around place? As you look around you can see that some leaders are reimagining work happening ‘anywhere’, others are asking employees to return to central office spaces, some are accommodating flexible time commitments, others are requiring staff to be available at core times such as nine to five.”

Excerpt From: Lynda Gratton. “Redesigning Work.”

August 9, 2022

“Technology also posed a more absurd threat to my career. For more than a decade, early adopters had been talking up the potential of artificial intelligence to automate aspects of journalism. The software that had since been deployed – Bloomberg’s Cyborg, The Washington Post’s Heliograf, and Guardian Australia’s ReporterMate – were mostly trained on simple, formulaic stories, such as company earnings and the results of sports games, but one could see the technology progressing.”

Excerpt From: Bo Seo. “Good Arguments.”

August 8, 2022

“Focus on who you are and what you do well. That is how you succeed. NBA sharpshooters like Kyle Korver and J. J. Redick get paid absurd amounts of money to do one thing: catch and shoot. That’s it. Catch the ball and shoot the ball. And I don’t say that to diminish them. But that is what got them to where they are, and it’s where their greatness lies. Well rounded is overrated. Use your self-awareness to double down on what you do best. Find the one thing you do better than anyone else and continue to pour into that. That is a dying idea. Simon Sinek, believes that we’ve lost the desire—and ability—to excel in one thing. “Giving a lot of one’s self to a small number of things,” he wrote, “seems to have been replaced by giving a little bit of one’s self to a large number of things.”

Excerpt From: Alan Stein. “Raise Your Game.”

August 7, 2022

“Markets have gone off the rails for three reasons: externalities are not properly priced, many people no longer have the skills necessary to give them genuine freedom of opportunity, and firms are increasingly able to fix the rules of the game in their own favor. Energy is cheap because we don’t pay its full costs. American consumers pay roughly five cents per kilowatt-hour (¢/kWh) for electricity from coal-fired power plants. But burning coal emits enormous quantities of CO2 (coal is essentially fossilized carbon)—one of the leading causes of global warming. ”

Excerpt From: Rebecca Henderson. “Reimagining Capitalism.”

August 6, 2022

ir?t=strategyboffins 21&language=en IN&l=li1&o=31&a=198217644X“For much of the twentieth century, IBM, like GE, fostered a “cradle to grave” culture, making it a company where workers were virtually guaranteed lifetime employment. At its campus an hour north of New York City, employees enjoyed generous benefits, salaries that kept pace with inflation, and even country club memberships. Thomas J. Watson, IBM’s CEO in the postwar years, established three core company beliefs: customer service, excellence, and respect for the individual. It was IBM’s own version of the Johnson & Johnson Credo, and Watson wrote a book on the topic, A Business and Its Beliefs, in which he detailed the company’s approach to employee loyalty. “The IBM policy on job security… has meant a great deal to our employees. From it has come our policy to build from within. We go to great lengths to develop our people, to retrain them when job requirements change and to give them another chance if we find them experiencing difficulties in the jobs they are in.”

Excerpt From: David Gelles. “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy.”

August 4, 2022

ir?t=strategyboffins 21&language=en IN&l=li1&o=31&a=B09H2NW434“The traditional paradigm for achieving any goal emphasizes discipline and willpower. If we want to succeed, we must (a) religiously follow our plan and (b) resist any distraction that tempts us off plan. Discipline supplies the power to say yes every day to doing the hard stuff. Willpower provides the determination to say no to the bad stuff. We admire, often to the point of amazement, anyone who displays these two virtues to accomplish something difficult or extraordinary: the sibling who loses sixty pounds and keeps them off; the neighbor who accomplishes her lifelong dream of fluency in Italian; the addict who kicks the habit.”

Excerpt From: Marshall Goldsmith. “The Earned Life.”