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We’re not doing as good a job as I’d like at being the most public, private company ever. I’d attribute that to a mixture of fear (of publishing, of failing in public, of cancel culture), and the logistics of preparing internal reports for public distribution (they need to be systematically collected, scrubbed of client names and other sensitive information, and published in the right format), and the difficulty of attributing ROI to this activity (the consensus view is that the obvious risks outweigh the unseen benefits, my contrarian view is the reverse). I remain unshakeably committed to transparency and I will push us to do better in the remainder of the year. …

I have been asked:

Is it in an individual’s calculated best interests to speak up when he or she disagrees with what seems to be a large and angry majority? There may be miracles of good fortune, striking moments in history, in which, upon making such an ill-advised stand, the individual prevails and the majority suddenly changes its mind… or when a silent minority suddenly emerges to defend the…

In these polarizing times, it is important to understand the difference between racism and political correctness, and to ask ourselves, whether it is still possible, and desirable, to take a stand against both. Consider this graph:

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Political Correctness x Racism Graph

This graph should not be controversial. That both racism and political correctness exist is indisputable.

Take a moment and ask yourself three questions:

  1. Where, on this graph, do I stand?
  2. Where do the other people I know stand?
  3. And lastly, what does our position on this graph mean, for our ability to effectively discuss weighty and important issues, like racism, as a society?

Next, let’s populate this graph with specific viewpoints. Please classify this view (1, Chanting), this view (2, Central Park), this view (3, Biden), this view (4, Terrence), this view (5, Grandma), this view (6, Zuby), this view (7, Eric July), this view (8, BLM), this view (9, Occupied Ireland), this view (10, Media Bias on Curfew), this view (11, Media Bias on Cause/Effect), and last but not least, this view (12, Compassion). Forgive for a dozen examples, but the more I provide, the less I can be criticized for selection bias. …

I love America, I love what it stands for. I’m grateful to live here, I’m grateful for the freedom and the opportunities I enjoy as a citizen of this society. I’m grateful for all the brave men and women who made it great in the past, and who are working to make it great today. I want to see it succeed, I want to do everything I can to make it continue to succeed, not just in my lifetime, but in the far future.

To me, America is not only a nation, America is an Idea and a Dream. An idea born of revolution. That revolution is not over, it is ongoing. That idea is still alive, as long as every individual American believes it. I believe in it. …

Editor’s Notes: The CEO talks about Minimum Viable Alignment, how a great company cultivates thinking, but also stakeholders. “I am not afraid of discussion and debate. There are times when I will censor certain ideas, suspend certain discussions, and postpone certain debates. But I will do so only when I believe they interfere with this principle of (Minimum Viable Alignment)”

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Minimum Viable Alignment.

Last weekend, I wrote this piece. …

Ideas That Should Run For Every Office In The Land.

Preamble. Democracy isn’t about It’s about In a healthy democracy, voting citizen should not only have a ready answer to the question “What would do… if you were the Mayor… Governor… or President?” but also stand ready to with both facts and arguments, in an animated debate.

In a healthy democracy, ideas are running for office. Not just politicians, not just experts. Democratic wisdom, such as it is, is the wisdom of the common man. Democracy is the belief that the common man is of self-reliance, of thinking and acting for himself, in a word, of

Editor’s Notes: The CEO in this post discussed A Brief Market History Of The 19th and 20th Centuries: Profitable Entrepreneurs, Private Equity Industrialists, and Competitive Venture Capitalists, The Art Of Building capital-efficient Businesses In The Capital-Intensive Markets Of The 21st Century and What customers want.

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Sailing Against The Wind

Piloting A Company On The High-Seas Of Capital-Driven Markets

Men have been trading throughout human history, with coin for millennia, but modern finance only began in 15th century Italian banks, the modern company is a 16th century Dutch and British invention, and the industrial revolution began in the 18th century.

In that classical period of market history, , because there was more labor in the world than capital. The 20th century was a century of transition. But in the 21st century, we have fully entered the modern period, and Capital has compounded for centuries, and, in spite of world wars, revolutions, and redistribution, liberal game-rules, like property right protections, have prevailed sufficiently, allowing society to amass incredible wealth...


Francis Pedraza

Is spirit moving?

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