There are 2 kinds of successful people: good guys, and bad guys.
The good guys build successful, good businesses; solve real problems; pay solid taxes; help and support good people.
The bad guys build successful, bad businesses; create problems to be solved; use government subsidies, avoid taxes; exploit people.
Then, both guys get rich.
Their values become relative.
They both built empires, use monopolistic practices, use tax shelters, and lobby the same politicians.
What should they do, now?
Should they stop doing business in totalitarian countries? Or adapt their business to e.g. censor their content to some local totalitarian law?
Should they sponsor the campaign or inauguration of an evil president, or risk being politically targeted? (It's very easy to be targeted, as a big company. Monopolistic behavior, taxes, labor law, discrimination, consumer protection, data privacy. There's always something).
So, you are big. You want to get even bigger, and build bigger Krupp cannons, and smarter Hugo Boss uniforms? Then you sponsor the Party.
Apparently they follow the new vision of Trump and Elon musk. But let's not forget that X is censored more than ever, and there is strong evidence that Elon musk is controlling the algorithms directly.
Should social media platform monitor and curate the content posted by users? For accuracy, nudity, violence, or hate speech?
More freedom of expression, or more content control? Ministry of truth, or jungle of fake news?
It's complicated.
We probably want to be somewhere in the middle.
Facebook and all platforms have always done a terrible job at fact checking or content checking. They censored classical paintings because of nudity, never really understood sarcasm, and still allow huge amounts of fake news and scam messages.
And the legal implications are also complicated. Is the platform responsible for the content? Then who is?
In The Good Wife legal series, there is an episode in which "ChumHum" (a mix of Google and Fb platform) argues that the content posted by users is free speech. And the judge says that in this case, the platform is also liable for defamation suits.
"And does he have proof they stole it? “You mean actual ‘proof”?” he wonders. Hell no. “But I don’t need it. It’s my opinion.” “Mr. Gross is claiming editorial discretion for his search engine; therefore, he is responsible for its editorial contents.”
“Oh, wait a minute,” Viola calls out, bring the Valley Girl hands out again. They can’t have their cake and eat it too, Your Honor, Alicia shrugs. “If they insist on free speech protections, then they are responsible for that speech.” The Honorable Michael Marx is flat out laughing now. “Your Honor!” Viola whines, but she doesn’t get any further than that. “No, Miss Walsh, she’s right.” Ha! Take that, nonsensical tactic!
“So, Mr. Costas, you printed the plagiarism accusation without checking truth or falsehood?” I did, he says proudly. “I didn’t need to.” Tool. Are we making Gross responsible for everything written on the internet now? Just checking. “And did he give anyone at ChumHum his reasons or evidence?” Um, no, he sneers, looking around the court as if imagining cheers and high fives.
“Your Honor, this is absurd,” Viola finally gets on her feet. “ChumHum has millions of pages; if my client is going to be held responsible for every single one…” Yes. Absurd, isn’t it? “Well then there’ll be a hell of a lot of defamation suits,” Alicia laughs, and the judge agrees. Sorry, but that’s what you get for making a free speech argument, love.
I am passionate about analysis and decision-making tools. I am a collector.
When I estimate next year's sales or revenues (or anything uncertain), I use a triangular distribution over 3-4 scenarios.
When I choose holiday locations, or prioritize features on a roadmap, I draw a decision matrix.
Here is my collection of core tools and techniques for analysis and decision-making.
Brainstorming
Decomposition (e.g. X-BS), divide-et-impera
Decision matrices
Scenario analysis
Triangular distributions (Worst case + 4 x Probable + Best ) ÷ 6
Dependency modelling (DSM, DMM, MDM)
Cost-benefit analysis
Checklists
SWOT
PEST / STEEP
Mind-maps
Stakeholder maps
Decision trees
Cause-effect / Ishikawa
Pareto (the 80-20 rule, sometimes 90-10)
Delphi
Focus groups
Monte Carlo
Causal-loop, systems thinking
Process, workflow, component diagrams
Toyota way
5 why-s
WWWWWH (Who, What, When, Where, Why, How)
What tools do you use?
*) I have a different collection of methodologies and frameworks, e.g. here https://blog.stefanmorcov.com/2021/11/frameworks-and-methodologies-for-it.html)
Finished a new online training, this week, MIT: Fundamentals of Entrepreneurial Finance (Entrepreneurship 104).
The general level was a bit basic for me. But I enjoyed a lot some topics such as the VC valuation method, choosing multiples and yearly discount rates according to various factors such as industry and investment type, or convertible preferred stock.
It was video only, which is, as usual, a minus for me. Usually slow, and including boring, irrelevant parts, such as irrelevant anecdotes and life stories. So, I skipped heavily, and also went directly to transcripts.
The transcripts were not easy to read, automatically generated, verbose. The course could have benefited from actual handouts.
I used ChatGPT heavily to complement and clarify the course materials. GPT is an amazing personal trainer and assistant. Great at maths, calculations, explaining formulas or concepts, giving practical industry examples, great at web search.
I tested Gemini in parallel with ChatGPT. Disappointing. Google AI is way behind its competition.
Didn't request the certificate. Don't need one.
Training and personal development: never stop. Finishing the year with a few hours of training feels great.
Transparency, traceability, and accountability are essential for a healthy society and organization.
Opaque government is dangerous, as it enables mistakes and accidents, some with extraordinary consequences.
These principles must first be applied to the financing of political parties and election campaigns. It is critical to know who funds a party and where the money goes.
That’s the basic step.
Then, transparency must also apply to:
- Public spending, through sound governance principles in public procurement and spending.
- Hiring public servants and officials.
- Lobby - a functional registry of organizations and individuals that try to influence public policies, laws, taxes, subsidies, including lobbying channels and funding sources.
Democracy is not a natural phenomenon. It must be built and protected.
