Buffett was particularly expansive regarding his processes and methods, and this alone makes this video worth the time (some 90 minutes). The fact that it was October 1998, a pivotal time in the dot-com boom and just after the LTCM imbroglio makes it even more interesting.
John Mackey, CEO of high-end grocery chain Whole Foods, was recently profiled in the New Yorker mag. Habits and idiosyncrasies aside – he is known for putting his “personal foot in his professional mouth” – the guy is not what one would expect: he’s a libertarian capitalist at heart and digs Ayn Rand. Very importantly, it goes to show that “doing the right thing” as a corporation and earning profits – the more, the better – are far from incompatible.
The Netflix Prize has been awarded and it’s a great example of crowdsourcing. But is such “open collaboration” a tool for every situation? How open do you really want to be? Some are looking at his and saying “hold your horses”. That’s always good advice in our book.
Continue reading about Netflix’s smart crowdsourcing initiative