Ryan Holiday and Stephen Hanselman’s new book Lives of the Stoics: The Art of Living from Zeno to Marcus Aurelius makes the argument that a humble work ethic is the key to success – or, at minimum, a decent life. Sure, the short stoic biographies apply to our modern day world. The most powerful entrepreneurial point in the book, though, is about a more recent scribe: Danish philosopher Soren Kierkegaard.
Kierkegaard would later make the distinction between a genius and an apostle. The genius brings new light and work into the world. The genius is the prophet. The creator. The apostle comes next – a mere man (or woman) who communicates and spreads this message.
Both the genius and apostle, or, in modern terms, the originator and the advocate are equally important. Unfortunately, we often view originality as power and advocating an idea as not powerful enough. Here’s why this
“Full of sound and fury, signifying nothing.” – Macbeth
September comes to a close and the third quarter is in the books. The streak of monthly gains for the S&P 500 ended at five with September posting a loss of 3.9%. The quarter ended with an 8.4% gain. Given the dire forecasts that were part of the investment landscape in the last three months an investor just might call these results both “satisfying” and “normal”. When we take into account the rally off the March now stands at 45%, that view is confirmed.
The opening quote describes what investors have been subjected to lately. A lot of sound and fury with little to nothing of relevance behind the shouting. Recent stock market results drive home the point that listening to the attention seekers isn’t a profitable way to manage your investments.
According to many economists, the U.S. economic recovery is
The financial response of Western governments to the COVID-19 crisis has been gargantuan, with boosts to health expenditure, enhanced JobSeeker-like payments, and JobKeeper-like wage subsidies to keep workers attached to jobs.
While a strong response has been necessary, it has come with costs.
These have been huge budget deficits and sky-high government debt.
The International Monetary Fund is expecting global budget deficits of around 14% of world gross domestic product this year, up from 4% last year, and almost three times the peaked reached after the global financial crisis.
Additionally, governments are providing the same amount again in “off-balance sheet” support, most notably loans to banks, and government guarantees for bank loans.
To the extent these off-balance sheet loans become contingent liabilities of governments and are not repaid, they will add more to government debt.
Global gross public debt was already high before the crisis, at about 80% of one
The U.S. intelligence community (IC) is made up of 17 different intelligence agencies and subordinate organizations that work both separately and together to conduct intelligence activities to support U.S. foreign policy and national security. Altogether, the IC is a $81.5 billion enterprise. Yet, unlike Fortune 500 companies a fraction of its size, the IC does not focus on understanding or measuring the value of what it produces. As the IC confronts the transformational moment of the post-9/11 era, it will need better insights about itself to inform how it adapts. The IC can get those insights by leveraging business analytics—already widely used in the corporate world—to transform the way it performs its mission.
Today’s IC lacks foundational mechanisms and data to effectively meet the needs of its customers. Despite what the IC may know about other things, it tracks almost no data about those who consume intelligence, including the president
Who you gonna call? No, not the Ghostbusters – a digital marketing agency. At least, that’s how most people react when they realize they need help with online advertising. Increasingly, online marketing is a massive deal – with 86% of B2C marketers reflecting that content marketing is a key strategy for success. Hence, it makes sense to hire a professional that understands the core industry principles. Right? Well, hiring a marketing agency isn’t always the only answer, even the best answer to your success.
Rushing right in to hire a professional marketing team isn’t always the best answer. After all, there isn’t a one-size-fits-all strategy that guarantees success. For your business to grow and expand, you must utilize tools, strategies, and tactics tailored to your company, your goals, and your values. Otherwise, you’ll fail, and unlike Frank Sinatra, you won’t do it your way.
The cold reality is this: you