marginally subversive

the mighty also falls

"How the Mighty Fall" the BusinessWeek

Collins outlines five stages of decline: Hubris Born of Success, Undisciplined Pursuit of More, Denial of Risk and Peril, Grasping for Salvation, Capitulation to Irrelevance or Death. He makes the point that great companies can fall "even if engaged in energetic and ambitious activity"...  (Emphasis mine)

This is from Jim Collins who wrote Good to Great and Built to Last (together with Jerry Porras).

It is quite interesting how it captures - in very simple terms and 'stages' - the history of some companies.

If I look at the financial industry, this could very well be the same trends that occurred.  The same is true of "idols".

This could very well be the same of brands.

From BusinessWeek.Com

"The Dip" by Seth Godin - One Year...

One year ago, I stumbled upon The Dip by Seth Godin.

I wrote earlier about it (but well, deleted it together with the rest of my old blog, Organized Chaos) - and how I got something new out of it each time I read it.

Without knowing that it's been a year, I recently started rereading The Dip again.  Somehow, I felt compelled to re-read it as part of my attempt to understand and discern (a 'deep' word these days in this phase of my life) whether I should make a move or not.

And again, I got something new out of it:  If you can't be the best in what you do in a certain situation, either re-create and redefine the situation such that you can be in your top form or get out.

That's exactly what I did - I tried to redefine the rules with the hopes of redefining the situation I was in so as to get a sense of accomplishment, or being remarkable at the end of each day.

I failed.

So I got out.

A lot of my friends and even colleagues and former bosses told me I was making a stupid move.  It was - in one of my ex-bosses' words - what every one was looking for.  It was, as Nigel and Emily from The Devil Wears Prada (yes, that movie again) defined as "the job that a million other girls (and boys) would kill for".

And I could see where they were coming from:  I come in at 9am, I plonk myself in front of the PC and do my work, I log off at 6pm, head to one of my evening activities - Spanish classes, readings in Stats and Econometrics, readings in Philosophy, visits to the library, dinner with friends, partying and a little bit of drinking, and gym (not on the same night...).

But that, I told my ex-bosses and colleagues who still work 12-15-hour days, how I want my life to be.  I want to be able to use whatever talents I have been blessed with - and make full use of all the learnings I have gathered from 12 years of working with other people (making mistakes, perfecting processes, perfecting the art of asking questions and quantifying them, making sure that things are "perfect enough").

Anything short of that is, well, not for me.

Sure, it's also about the money.  But it's not just about the money - or even tenure or security or whatever else you can think of.

It's personal fulfillment - and the chance to be good and remarkable.

Seth Godin made a request - "take it off the shelf and lend it to someone".

I am sorry, Mr. Godin, I can't.  It just is too useful for me.  Don't get me wrong - it's not the best book I have read.  It's amongst the better books, for sure.  If I were to be stuck in an island for a year and can only bring 10 books, it sure will be one of those 10 books (alongside those books by NNTaleb and Mark Buchanan, and ET Jaynes).  I tend to be very protective of my books (you should see my apartment shelves - they're full of books).  I am happy, however, to tell others about it.  In fact, I have bought a couple of friends copies of your book.  And I would even gladly buy some of my friends one for their birthdays and anniversaries and farewells and all.  But sorry, I just can't part with my copy just yet.  Perhaps next year.

"Fooled by Randomness"

With all the ruckus that's happening in the US economy and the repercussions that are being felt across the globe, I thought it would be timely to revisit the things that Fooled by Randomness,written by Nassim Nicholas Taleb, are talking about.

Every single day, I see explanations of why certain things are happening - and grim prognostications of financial analysts and economists.  Just today, I was amused by the news on how Bear Stearns was acquired by JP Morgan - and how Bear Stearns, an institution in the finance industry, was bought at a very, very, very low price.

As the market opens, I am sure that traders and investors are all rushing to "unload" and sell, sell, sell.  (I can imagine one of my colleagues now tracking his investments online... I expect that he's going to be up all night tracking the movement of Wall Street.  And that tomorrow may not be a good time to catch up with him.  Maybe, next week.  Post Easter.)

Now how does this tie back to Taleb's book?

Significantly.

If you have not read it, read it.

Well... let me take that back:  If you're used to romance novels and fiction and other light reading, be prepared.  Taleb discusses interesting - but deep - stuff in his book.  You need to exercise those neurons a little bit. 

If you were asleep during your basic stats and probability class, you'd probably have a hard time catching his drift.  But a little patience will do you good.

Fooled By Randomness is a good read.  And a good reminder.

That this - all these ruckus about the economy in the US and its effects on the stock market of different countries - will happen again.  We never learn.  We are not conditioned to learn from our mistakes.  Unfortunately.

Turning Great Data into Great, Compelling Stories...

It is commonly assumed that if you have great data, it follows that you have great stories. Sometimes even with the greatest of data, one cannot easily create stories that are interesting, compelling, and remarkable. And the other 'round is true: one can tell great stories even without data. (Think Nixon, Clinton, and all th consulants and lawyers you know.)

It also doesn't help if the data is static: just pure tables full of percentages. I - for one - have not mastered the art of coaxing stories out of percentages. I know of people who can create great stories out of nowhere. But, man... I think I am not one of those yet.

I am reminded of one of my colleagues, Prashant, and his words of wisdom: Tell stories, not regurgitated data.

To compel. To be remarkable. To enroll. These go beyond data.

It takes guts. And an integrative mind.