Internet Trends 2016-- Mary Meeker is not without controversy, including most recently her board seat at Lending Club. But she's still putting out her annual study of all things digital/media/Internet and it's packed with interesting data as usual. A short recap from a Washington Post writer is hereand here.
Jim Collins interviews Jorge Paulo Lemann-- This is a long video but it features a good discussion on a variety of topics. And if that's not interesting enough, Gisele Bundchen makes an appearance around the 1-hour mark. She discusses the reasons for her enormous success and multifaceted career.
The Secret Culprit in the Theranos Mess--Since the original round of articles on Theranos garnered almost as much interest as the subsequent mess, this article looking at the journalistic process is well worth some consideration. (On a separate note, the WSJ should win a lot of awards for its work on this story.) Forbes also cut its calculation of Holmes's net worth to zero from $4.5 billion last year.
The Lies Busy People Tell Themselves -- "With four kids and a full-time job, time is precious. But it's also plentiful." After keeping a time log for one year, the author found that "life was not quite as hectic as I'd thought." She confirms studies that show "that professionals tend to overestimate work hours; we remember our busiest weeks as typical. This is partly because negative experiences stand out...and party because we all like to see ourselves as hard-working. One study...found that people estimating 75-plus hour workweeks were off, on average, by about 25 hours."
On his proudest achievement: “After four years of really trying, I got my wife to say yes. It took me four years and that was four years of abstention, by the way. So it was really meaningful.”
On sage advice he received from one of his first bosses: “Always analyze the downside and structure everything so that you live to fight another day.”
On his preternatural focus on minimizing tax bills: “The government is your partner. They just don’t get to go to all your meetings. In the end, you can invest the money better than they can.”
On his greatest disappointment: “I let business take too large a part of my life for a period in my life and probably neglected the kids more than I should have.”
On the need for greater scale in traditional media companies: “We no longer can think of scale being sufficient if it’s just the U.S. When Mark Zuckerberg talks about a billion simultaneous daily users — those are big numbers.”
On the growth of original series production: “It’s like a children’s soccer match. Everybody in the industry is chasing the soccer ball instead of holding their position.”
On the fate of the cable bundle: “I don’t think the bundle will break down by itself. I think other bundles will build up. … The big bundle only breaks down if sports breaks down. That’s really the muscle. Sports is the glue that holds the bundle together. I don’t see that changing anytime soon.”
On his personal fortune (estimated by Forbes at $6.4 billion): “I couldn’t spend the money I’ve made if I lived 10 lifetimes. I’m going to give it away.”