#157 - Benton's Thoughts on Flywheels in Business & Life
PODCAST
Flywheels in Business, Life, and Beyond
This week, Benton discussed his views on how feedback loops and flywheels permeate everything in life from business relationships to interpersonal relationships to spirituality.
FRAMEWORK
Sam Zell’s contrarian nature and emphasis on discerning reality are legendary in nature. His 7 rules for success are not to be taken lightly:
1. Be ready to pivot.
2. Keep it simple.
3. Be the lead dog.
4. Do the right thing.
5. Shem Tov - Maintain your good name.
6. Prize loyalty.
7. Obey the eleventh commandment - Don't take yourself seriously.
LINKS
The economics of customer lifetime value (Michael J. Mauboussin)
Money aggregates, debt, pent-up demand, and inflation: evidence from WWII (Atlanta Fed)
Chaordic age organizations (Dee Hock)
Fierce Nerds (Paul Graham)