Thursday, December 25, 2014

Fahrenheit 451

A dystopian novel about a world without books leaves an open ended question. It is amazing how Ray Bradbury's view of the future resembles our reality 60 years later. People walk like zombies attached to mobile devices reading quick summaries of news, books, and tabloids. Entertainment as an escape from reality and a hectic life at 100 mph. No time to stop and be amazed, contemplation is a brain condition. In Bradbury's dystropia control of people's lives didn't start with the government but with indifference of people. Authorities just take advantage of the way people choose to live.

Farenheit 451 is as current as in its post-war era. Due to different reasons. In our era we need to stop to take a break to enjoy the little things of life, to share with one another and live a meaningful life.

While in the process of working this blog, we got the sad news of the departure of the Galaxy Traveler, Ray Bradbury. The Galaxy will not be the same without you.

Friday, December 19, 2014

Zero to One

Peter Thiel's book has many valuable ideas for entrepreneurs, however two stood out to me. The concept of Zero to One in itself, and the defense of efficient monopolies. Zero to One is a challenge to the me too culture of entrepreneurship and society. While Entrepreneurship is becoming more and more a buzzword and more people want to be entrepreneurs, schools turn their programs to entrepreneurship, colleges and universities claim that they teach entrepreneurship, most of the initiatives are dull me too projects. In order to keep up growing the world needs more dare initiatives, the ones that are truly disruptive, the Zero to One's.

Tied to this is Thiel's defense of efficient monopolies. In order to be a Zero to One company entrepreneurs have to make outstanding differential products. Once they achieve these they can gain a monopoly because none can compete with them (not as a result of government protection). Thiel claims that in history great innovations were followed by monopolistic dominance in their markets. He doesn't mention the "Robber Barons" who earn bad press from government and inefficient competitors or the Sherman Act enacted to destroy them, but it is a time in history where the efficient monopoly got a bad reputation. Capitalism is about creation of wealth not redistribution, efficient monopolies create wealth, perfect competition is a zero sum game.

Thiel presents an invitation to entrepreneurs to dare to create truly different product, avoid the red blood competition game.

Some chapters of the book are a little hard to follow, probably because the book itself is an edited written version of lecture notes. Yet the book is worth reading and discussing to put the feet on the ground of entrepreneurs.

Tuesday, December 16, 2014

Make It Stick

Peter Brown brings extensive research in neuroscience and education from the academia to the user. Make it Stick is a comprehensive work on how the brain works and how one can use this new knowledge to excel learning. I highly recommend this book to anyone looking for being better learner.

I felt that Brown play safe not criticizing the current school system. Although the purpose of the book is to summarize all these new ideas about learning/brain-building along suggestions on how to make them work, many of the obstacles he identifies come from the school system. If the ideas of learning as a responsibility of the learner not the teacher, and the teacher's new role as a facilitator don't permeate the system those who choose to be life long learners will have a lot to unlearn to learn.

Sunday, December 14, 2014

The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers


This is one of the best Business books ever written. Most books speak of how to run businesses in a near perfect world (peace time). Some autobiographies are honest enough to recognize the struggle of the entrepreneur and not only the glory that made them famous. In The Hard Thing About Hard Things, Ben Horowitz does both things. His nerve wrecking story make you question yourself if you really want to be an entrepreneur or may be enchanted by the legends of the Mark Zuckerberg, the Steve Jobs, the Bill Gates, etc. Reading Ben story is like reading 100 Harvard Business Cases in 1 and making decisions without the information provided.

In the second part Ben presents a detail debrief of his experience. Unlike a classical business book à la Jim Collins, Ben's is not a prescription of how to run a business but a summary of what worked for him. However the underlying principles are applicable to many different settings.


The last part of the book is a short summary of a16z, their VC firm. More than the VC itself this part and the book exposes the need of Ben to share his experience and help founders succeed. 

If you are considering starting an entrepreneurship career The Hard Thing About Hard Things is a must read. 

Sunday, November 16, 2014

The Art of Social Media: Power Tips for Power Users

I had high expectations regarding this book. I have followed Guy in Google+ and know how active and effective he is. The book is a wide collection of tips and tricks needed to build a coherent and extensive social media. “The Art of Social Media” covers most of the main social media platforms and Guy’s advice is valuable. The list of tools is extensive yet it is a pending assignment to learn how to use them and make a budget about. 

I liked a quote that says that people are in social media to get attention or are liars. The thirst for attention may vary depending on expectations but in the end people like to be seen. 

For some people Social Media exposure is key (Authors like Guy) but even for the amateur blogger the ideas are valuable if we agree that we have to think big from day one instead of reacting until we become famous. The visualization of variety of tasks and work needed to have an effective SM presence is important, especially for those who think it is just a matter of snapping one’s fingers.

The book lacks depth that needs to be expanded in the specific case. Although Guy explains that there is a lot of trial and error, hence it is an art not a science, one needs to dig deeper before jumping in and fail.

Wednesday, October 8, 2014

After the Walfare State

After the Welfare State
After the Welfare State is a compilation of essays that address the problem with government intervention and assistance in the US and other countries like Italy and Greece that are in a much dire situation today. Besides explaining how it has failed the people, Tom Palmer's selection explain the origin of the Welfare as a control mechanism since the Bismark era.

The last section analyzes different programs and their costs and effects, as well as some evidence that they are not necessary nor sufficient.

The books is oriented to young idealists who are honestly concern with injustice and poorness. Young people who unfortunately believe that the government has a role in alleviating this suffering, yet don't understand how the transfer of wealth is un-ethical and ineffective.

Being collection of essays the book lacks flow but is a good starting point to address this subject. The format allows to organize discussion group that can be enriched with further readings and research.

My rating: 3 of 5 stars

Tuesday, August 5, 2014

Only the Paranoid Survive

Andy Grove published Only the Paranoid Survive in 1996, a year before Clayton Christensen's "The Innovators Dilemma". Reading Grove is a description of what it meant to be inside an Strategic Inflection Point (Disruptions) and survive. His advice for entrepreneurs, managers, and professionals is as current as it was almost 20 years ago. 

Another gold mint in the book is Grove's vision of the future. Now that the future was revealed we can appreciate how Intel leadership prepare and succeed. 20 yrs ago lots of people didn't know what the internet was, the iPhone and the smartphone revolution occurred 10 yrs later and the internet of things is in the making. Yet Grove anticipated how this changes will affect the industry.

Finally Grove offers the same advice to individuals to manage their careers. Like Reid Hoffman's recent concept of "Permanent Beta", Grove anticipated the end of the life long employment and the need to look for "Career Inflection Points" adapting the same rules he followed in Intel

Monday, June 23, 2014

In defense of Global Capitalism

Johan Norberg's defense of Capitalism is not a new book but brings common sense in times of Thomas Piketty's fifteen minutes of fame. I have not read Piketty yet but all the debate around his work seems to defy evidence of how millions of people are moving out of poverty year after year thanks to practices close to Capitalism than the Marxism that he defends. 

Johan Norberg showed in In Defense of Global Capitalism, over 10 years before Piketty, case after case how solutions based on the respect of private property and classical liberal ideas have improve the lives of people all over the world. Indeed Norberg argues that more could be done if practices like immigration control and imposition of first world practices on third world were stopped. If Developed countries can care for the environment and reduce child labor is because they have achieved greater success, if we want developing countries to do the same we have to pull them quick instead of hold them back with additional burden.

My rating: 4 of 5 stars

Sunday, June 22, 2014

Free to Learn

In Free to Learn, Peter Gray brings another piece to the puzzle of Education. From his anthropological point of view he presents the case of how Play is the natural learning process while school is an institution design to control and alienate children. 

Overall Gray challenges parents to acknowledge that the system is destroying their children and that once the accept that they don´t want this for their children they can't continue supporting the current rotten system. Gray invites parents to try different alternatives, to trust their kids and create an environment that support their creativity and interaction.

I disagree on some contextual elements like his description of the Industrial Revolution. Nonetheless his message raises more questions and avenues to explore and research.

My rating 5 out of 5.

Tuesday, May 13, 2014

The Zero Marginal Cost Society

Interesting question with an ignorant answer.

The first part of The Zero Marginal Cost Society  is quite interesting. Indeed it is intriguing that so many industries are rapidly growing offering free or almost free products and services. How can an economy sustain if this phenomena advances.

More and more people can set their conditions about job and companies, they no longer are job takers and employees for life. Probably this is possible because people in advanced societies don't have to worry about where to live, what to wear, or what to eat. As Maslow and others have suggested once basic needs are covered without uncertainty people can focus more on higher order ones.

So far, Jeremy Rifkin presents an intellectual challenge. Artist giving away their job, free Education in MOOCs, Open Source software, etc.

In the second part Rifkin addresses the causes and obstacles and here I found way too many contradictions, misrepresentation of ideas like Capitalism and biased solutions. For instance Rifkin criticize the patent granted to genome labs and their market drive. Yet later he praises how low cost has ADN sequencing became.

Rifkin calls for the abolition of private property while promotes collaboration. How can someone collaborate in society if that person has nothing to offer, a private asset? For instance he mentions shared spare rooms as an alternative to expensive hotels. How can someone share a room of someone else? Or is someone really collaborating by offering a communal room?

Another subject that Rifkin elaborates is the idea of the Commons. He uses Orstrom's theory but misses the point that the commons need a ground of trust and supervision. How can such model become a world wide system is not answered and seems unbelievable.

As Ludwing Von Mises proved many years ago, Socialism is impossible without the economic calculation, specially on the means of production. In Rifkin's world the private property of means of production disappears. How can production be prioritized, who will give maintenance to the huge capital investments that allow the high productivity needed to achieve near zero marginal cost? how innovation will be sustained? None of these are addressed in the book.

Finally I would say that Rifkin identified how many of the cases he states as outliers are indeed reactions to the burden of government regulations and controls. From medicine, to building, energy, transportation, etc. in most of his cases the adversary is some form of government regulation, privilege, etc. Rifkin acknowledges the evil in government actions. Yet his conclusion is to give more power to governments instead of more private solutions.

In summary Rifkin's ideas can be summarized as "Don't bite the hand that feeds you".

My rating: 3 of 5 stars

Monday, May 5, 2014

Mindset: The New Psychology Of Success

Mindset: The New Psychology Of Success
Carol Dweck work proposes a theory of the difference between those who succeed and those who didn't. As the title of the book reveals it is all about Mindset. Dweck work is interesting, not sure of how scientifically thorough since the book is mainly anecdotal, yet his theory makes perfect sense and is easy to relate to personal life.

After covering the the ground for her theory, Dweck offers specific advice for sports, business, personal relationships, teachers and parents, and individuals. Her ideas are easy to understand, somehow difficult to implement since they require a change of habits, and worth trying.

Dweck ideas complement other frameworks like Angela Dockworth and Paul Tough on Grit and others on Resilience.

My rating: 4 of 5 stars

Saturday, April 12, 2014

The Capitalist and the Entrepreneur

Sometimes when I read entrepreneurial theories I wonder if academics speak to real entrepreneurs. Peter Klein book hit the nail in the head, from my personal experience in business. He explains the role of the entrepreneur and the markets, and why only a free system is fertile soil for entrepreneurial ventures to create real growth for society.

The Capitalist and the Entrepreneur is also relevant as it explains with great detail the principles and differences in the Austrian School of Economics. With plenty footnotes to guide the readers interest to deepen in this school of thought Klein discusses why Austrian ideas about the price theory, the role of capital allocation, etc. divert from mainstream economics that reduce the entrepreneur and the firm to an abstract black box. Using the ideas of the AE Klein portraits a dynamic and living organization with the entrepreneur, managers, people and resources.

Since the interest on entrepreneurship is on the rise, Klein's book should go hand in the promotion of these ideas.

My rating: 4 of 5 stars

Tuesday, March 11, 2014

Delusions of Power

Delusions of Power: New Explorations of the State, War, and Economy
In this book Robert Higgs summarizes his ideas on why we have to challenge the existence of government. One by one he knocks down, as dominoes, the rationalization to preserve government. 

Many people can't imagine a world without government because we were raise, by government, to believe it is a necessary institution. If humans had the creativity to create governments, we have so to create its substitute. Innovation has being restrained by the straw man discourse from governments. Like Dickens' Emperor Clothes we are reluctant to see, and Higgs does a great job in opening our eyes to understand that a world without government (as we know it) is not the same as a world of chaos.

Delusions of Power: New Explorations of the State, War, and Economy is a relevant book in the current political arena where parties keep up with the enchanting promises and people keep up believing in them.

My rating: 4 of 5 stars

Monday, February 10, 2014

Madmen, Intellectuals, and Academic Scribblers:


Wayne Leighton and Ed Lopez present in Madmen, Intellectuals and Academic Scribblers an interesting interpretation of the dynamic of regulations. Beginning with a clear fast forward history of philosophy they set the ground to present their model. Overall the book builds on Public Choice ideas adding the perspective of the entrepreneur of ideas. Contrary to common belief that ideas change only through crisis and revolutions, Leighton and Lopez explain the role of the Entrepreneurs of Ideas. If institutions are sound there is no need to revolutions, just a dynamic that resembles the spontaneous order in a market of ideas.

Each one of the roles act at different levels in society affecting the probabilities of ideas to win in the market. Each actor adequate the message to a different audience from the one who generate the ideas to the people who vote for them in the democratic game.


The book left me thinking on what was behind the scenes of current policies and regulations, and what new ones are in the making.

Friday, January 17, 2014

The Forgotten Man

It is a common believe that you can boil a frog to dead. Truth or not it is my impression of what happened to the USA founded by Thomas Jefferson and the rest of the Founding Fathers. The USA today, and most of the western world, is far from the country build in the late XVIII century.

I always wonder how such change could be permitted. Amity Shlaes fill a big part of the puzzle by vividly describing the Roosevelth era. He and his Stalin captivated socialist intellectuals were not a progressive but disruptive force. Much of the big changes in government role began during this years.

The Forgotten Man is an important reading for all who are concerned with the present times. A call to action to fight for Freedom and its principles. Pres. Obama is FDR reloaded and I hope that in 70 years we won't be reading the book "You didn't build it" describing the last stroke of socialism over the free world.

Shales made an excellent job reenacting this inflection time in history.

My rating: 5 of 5 stars