I can’t understand why people are frightened of new ideas. I’m frightened of the old ones.
Samsung has developed technology to supposedly support ”5G” mobile networks which it said can deliver speeds “up to several hundred times faster than even 4G LTE-Advanced technology”. The South Korean vendor plans to commercialise the 5G technology by 2020.
Today, the Thiel Foundation announced the third class of fellows. “Though the education bubble is still as much of a problem today as it was two years ago, far more people are now questioning the wisdom of exchanging decades of debt in return for a vague credential with poor job prospects,” Peter Thiel told Co.Exist. “The time is clearly ripe for innovators to develop new ways to help far more young people obtain the knowledge and skills they need to build productive, successful lives.
Throughout the interview, Buffett talked about how Berkshire Hathaway was his canvas, one that he got to paint on every day. He doesn’t need to work, he says, but does because he loves it. This is the same alignment he looks for in the people he surrounds himself with, he says.
5 Lessons From Warren Buffett’s Office Hours | Fast Company | Business Innovation
This is a key reason why startups succeed (at innovation and building new businesses) while incumbents almost always fail. You can’t fake it.
It also lies at the heart of why we went against the grain of conventional wisdom and built Anthemis the way we did (as a distributed, connected group of companies): we want to be aligned with the great people creating and building the businesses within the Group. We don’t want them to be working for us (either as investors or managers.) If we choose wisely, the community of excellent people who love what they do we build and curate will generate great returns for our shareholders. Simple.
You’ve gotta keep control of your time,” Buffett says, “and you can’t unless you say no. You can’t let people set your agenda in life.
Make sure that the people around you don’t think, look, and act like you, because you want them to ask different questions,” says Merrill. “For me, that’s the start of finding a co-founder. You need to get someone who’s super smart, but very unlike you.
But notice that I used the word “intervention”. Regardless of core skill area, I want my Board members to argue with me. At ZestFinance, we focus heavily on hiring for diversity. Diverse teams are more likely to have disagreements that yield better plans and execution. Diversity wins, always. However, even at a place that so explicitly values diversity, it’s still hard to argue with me: I’m reasonably intense. Professional investors — both financial and operational — find it easier to argue with me, and with other entrepreneurs.