Speaking at a panel discussion in Long Island City, New York on the state of small business in America, Buffett called Bezos, the chief executive of retailer Amazon.com Inc, a "classic example" of how business owners can succeed by focusing not just on satisfying their customers, but delighting them.
"Twenty years ago he had a very, very, very small business," but Bezos today is still "thinking about how to further delight his customer," said Buffett, who has run his Omaha, Nebraska-based conglomerate Berkshire Hathaway Inc since 1965.
To grow the economy, grow small businesses (Op-Ed by Warren Buffett, Lloyd Blankfein, Michael Bloomberg and Michael Porter) (LINK)
Bezos Says Amazon to Up India Investment to $5 Billion [H/T @manualofideas] (LINK)
"I can assure you it’s only the beginning and as we say in Amazon, it’s only day one," Bezos said, adding that the investments would help start-ups in India and accelerate the country's role as a hub for innovation and digital entrepreneurship.Nassim Taleb gives a Commencement Address [H/T Farnam Street] (LINK)
I am just describing my life. I hesitate to give advice because every major single piece of advice I was given turned out to be wrong and I am glad I didn’t follow them. I was told to focus and I never did. I was told to never procrastinate and I waited 20 years for The Black Swan and it sold 3 million copies. I was told to avoid putting fictional characters in my books and I did put in Nero Tulip and Fat Tony because I got bored otherwise. I was told to not insult the New York Times and the Wall Street Journal; the more I insulted them the nicer they were to me and the more they solicited Op-Eds. I was told to avoid lifting weights for a back pain and became a weightlifter: never had a back problem since.
If I had to relive my life I would be even more stubborn and uncompromising than I have been.
One should never do anything without skin in the game. If you give advice, you need to be exposed to losses from it. It is an extension to the silver rule. So I will tell you what tricks I employ
Sequoia Fund Dumps Roughly Half Its Valeant Stake [H/T @williamgreen72] (LINK)
Vital Lessons on Disruption From the Demise of Corporate Giants - by Peter Diamandis (LINK)
What Was the Greatest Era for Innovation? A Brief Guided Tour (LINK)
The internet is still at the beginning of its beginning - by Kevin Kelly (LINK)
Related book: The Inevitable: Understanding the 12 Technological Forces That Will Shape Our FutureShane Parrish on The Science of Success podcast (LINK)
"Um" and "like" and being heard - by Seth Godin (LINK)
Living Fish Found Inside Jellyfish in Bizarre Underwater Scene (LINK)
Physicists have opened up a thrilling wonderland [H/T @george_cooper__] (LINK)
One way of investigating matter is to engineer collisions between particles, and then detect the particles that flutter out of the debris; this is how the elementary Higgs boson particle was conjured up at Cern. To this end, Attila Krasznahorkay at Hungary’s Institute for Nuclear Physics, fired protons at lithium isotopes, which produced unstable beryllium nuclei. These beryllium nuclei then decayed, as expected, into electron-positron pairs that flew away from each other at various angles.
But, anomalously, these electron-positron pairs seemed to have a fondness for shooting away from each other at 140 degrees. The simplest explanation was a new, intermediate particle in the radioactive decay mix. Calculations suggested a mass of 17 megaelectronvolts (MeV), around 7,000 times lighter than the Higgs boson.
While the Higgs was forecast to exist, this new nimble particle was not. That is why the team spent three years checking their results before going public. It is, as Alice muses while being bamboozled by the Red Queen, exactly like a riddle with no answer.
One exciting possibility is that the new particle is a missing link between our familiar world of matter and the unseen world of dark matter.