Following my recent blog posts on Reid Hoffman, COP21, and an apparent resurgence of Big Ideas in technology, a growing group of venture capitalists are resurrecting their original mission in industry and the economy. Paul Krugman of the New York Times has also noticed and offers his hope that this trend continues. Max Marmer, who wrote his now legendary 2012 Harvard Business Review article, “Reversing the Decline in Big Ideas,” has stimulated a broad rethinking on what we should be focusing. The successful landing of Space X’s Falcon 9 is a hopeful early indication that Elon Musk is one of those on the right track.
This is a metaphorical essay on personal ethics, worthy of a serious read and contemplation. When I saw the title I was intrigued but suspected it had something to do with Andy Grove’s adage, “sewage flows downhill,” which means “if anything bad happens it will eventually flow down to you.” This is about ethics. The points made here are particularly apt in light of the huge number and sheer scale of recent business frauds: the Volkswagen fraud, LIBOR, Lehman Brothers, Bernie Madoff’s pyramid scheme, Conrad Black in Canada, Olympus in Japan, Bernie Ebbers and Worldcom, Tyco International, stretching back all the way to Enron, Michael Milken’s junk bonds, and the 1980’s savings & loan debacle.
I noticed the following post on LinkedIn, and thought that it was important to share it. When I first came to UBC to teach Industry Analysis and Entrepreneurship in the Faculty of Management, I was struck by how utterly unprepared Faculty of Management students were to stand up and communicate their ideas. Most students used 3 x 5 cards and stared at the floor. One student, without realizing it, stood up and crossed his arms across his chest, projecting only his personal discomfort with the situation. Clearly this problem needed to be addressed. If there is one thing I have learned since graduating with a Speech-Communication degree, it is the importance of being able to stand up and communicate your ideas, what you believe, and most importantly, who you are. It is crucial to career success.
I previously posted WRT the fact that we are approaching the limits of our ability to achieve physical proof of quantum physics. Why should we care? Where do we go after the CERN Hadron Super Collider confirmed the existence of the Higgs-boson particle, proving the role of dark matter? That said, two separate teams at CERN are debating the results of further experiments that suggest the possible existence of a new sub-atomic particle. This particle, if it exists, and can be confirmed, may support the existence of additional dimensions of space and time. The MIT Technology Review has also suggested that the CERN Hadron Super Collider could potentially prove the validity of the Star Trek hyperdrive technology. We should care because it is the future of the technology that will continue to change our lives.
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In the Autumn of 1999, I joined a Hong Kong friend for the amazing “K98” train trip from Hong Kong north through the heart of China to Beijing, just in time for the 50th Anniversary celebration of the People’s Republic of China. It was my version of Paul Theroux’s “Riding the Iron Rooster,” and the images of China at that time still stick in my head. Since then China has changed so dramatically that those images no longer exist. Since Deng Xiaoping declared that “getting rich is glorious,” and China’s growth has skyrocketed, China’s domestic and international problems have also multiplied.
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