The world class beauty fears everyone becoming beautiful. The world class wit fears everyone becoming his equal. The world class cool guy contemplates a future where all are as cool as he. “Would be pretty cool,” he whispers.
one of the quotes i find most inspiring on a hard day:
"Whatever your hand finds to do, do it with all your might, for in the realm of the dead, where you are going, there is neither working nor planning nor knowledge nor wisdom"
Ecclesiastes 9:10
Imagine your boss doubled your pay tomorrow. Henry Ford did exactly that to his factory workers on January 5, 1914. The New York Times' financial editor walked into his newsroom and asked if Ford had lost his mind. It built the American middle class.
Before Ford's announcement, the auto industry paid roughly $2.34 a day for nine hours of work. Ford bumped his minimum to $5 for an eight-hour shift. More than double the pay for one less hour of work, and no factory in America had ever paid that kind of money for unskilled labor.
Twelve thousand people showed up at the Ford factory gates the following week, sleeping outside in a January blizzard. Fire hoses came out to push the crowds back. Ford had to announce that only people who had lived in Detroit for six months would be hired.
Two years later, Ford's profits had doubled. Before the raise, he had been losing nearly four workers a year for every single job on his factory floor. After, he was losing barely any. Output per worker rose 40 to 70 percent. In 1914 alone, Ford sold 308,000 Model Ts, more cars than every other carmaker put together.
A Model T in 1908 cost the average American 18 months of pay. By 1925, it cost 4 months. The car got faster to build too: twelve hours per car dropped to 93 minutes. By 1918, half the cars on American roads were Model Ts. Fifteen million rolled off the line over 19 years.
Then in 1926, Ford did it again. On May 1st, he gave his workers a five-day, 40-hour week, with no cut in pay. Other manufacturers were forced to match, and the two-day American weekend spread across the country. Twelve years later, federal law made it official.
Henry Ford was generous with his own money too. He gave away about a third of his income every year, well above the 5 percent that rich Americans typically gave back then. He also put about $14 million into building the Henry Ford Hospital in Detroit, which is still one of the city's largest today. The Ford Foundation, set up in 1936, was originally a way to avoid taxes and keep his family in control of the company.
The foundation got huge later, but only because Ford Motor Company stock kept rising. Even his charity money came from the business.
Ford's personal giving helped a few thousand patients at his hospital. The $5 day, the cheap Model T, and the weekend reached hundreds of millions of working families over the next hundred years. Almost everything that became normal "middle class life" in America, a steady paycheck, the weekend off, a car in the driveway, came from choices Ford made to win in business.
Bezos has a point. Ford's wages, his car, and his weekend did more for the average American family than every check Ford himself wrote to charity.
Having listens to about 15 earnings calls for this quarter - and read in meticulous detail from others - market is
A. Repricing upwards for a long time to come
B. Paying a huge premium for companies with/building a supply chain stack in house and/or with long term contracts to buy the scarcity in the market
C. A total soup to nuts re-industrialization is happening
D. America is booming
NEW: Eileen Wang, the mayor of Arcadia, California, has been charged with acting as an illegal foreign agent for China, the Justice Department announced on Monday.
Wang agreed to plead guilty, the Justice Department said. https://t.co/61VZ41RJMF
How much longer before we start seeing stuff like:
“Anthropic unveils new ‘binge drinking’ feature to help models take the edge off after stressful conversations”
The majority of hardcore people I've met, come packaged as average people.
They don't look a certain way, and none have some elaborate morning routine.
Who they are internally...the drive & determination, aren't on their sleeve.
Ambition is often invisible, until it's not.
I have a SWE friend who worked at a company like this. He was reviewing a dashboard a finance person made. They thought it had real data and trends but it was actually just stub data.
This data was presented to execs as real numbers. They didnt know.
Once upon a time the NYT may have featured American factory workers cleaned out by global trade policies (“sad but ‘inevitable’”), but now we are supposed to feel bad for senior VPs at non-profits having to join the ranks of the commoners to make ends meet.