— George Packer in the Feb. 17, 2014 New Yorker. Someone reprinted the story here.
— From this Pando story about the Wealthfront transition. Linking less for the story and more for how true it is in the day-to-day life of a CEO. :)
— From Tolstoy diary entry in 1863, quoted in New Yorker piece: “Sins of the Father: Do Great Novelists Make Bad Parents?”
— Nelson Mandela, from Nelson Mandela, South Africa’s Liberator as Prisoner and President, Dies at 95 - NYTimes.com
Below is what we cooked for Thanksgiving yesterday. I designed the menu, bought all the food, cooked the turkey, made the salad, the rolls, and the chocolate pecan pie. I had lots of help from my lovely wife and two friends.
From the Buddhist point of view, there are therefore two types of mechanisation which must be clearly distinguished: one that enhances a man’s skill and power and one that turns the work of man over to a mechanical slave, leaving man in a position of having to serve the slave. How to tell the one from the other? “The craftsman himself,” says Ananda Coomaraswamy, a man equally competent to talk about the modern West as the ancient East, “can always, if allowed to, draw the delicate distinction between the machine and the tool. The carpet loom is a tool, a contrivance for holding warp threads at a stretch for the pile to be woven round them by the craftsmen’s fingers; but the power loom is a machine, and its significance as a destroyer of culture lies in the fact that it does the essentially human part of the work.” It is clear, therefore, that Buddhist economics must be very different from the economics of modern materialism, since the Buddhist sees the essence of civilisation not in a multiplication of wants but in the purification of human character. Character, at the same time, is formed primarily by a man’s work. And work, properly conducted in conditions of human dignity and freedom, blesses those who do it and equally their products. The Indian philosopher and economist J. C. Kumarappa sums the matter up as follows:
If the nature of the work is properly appreciated and applied, it will stand in the same relation to the higher faculties as food is to the physical body. It nourishes and enlivens the higher man and urges him to produce the best he is capable of. It directs his free will along the proper course and disciplines the animal in him into progressive channels. It furnishes an excellent background for man to display his scale of values and develop his personality."
From EF Schumacher’s essay “Buddhist Economics.” A must-read.
The essay was first published in Asia: A Handbook in 1966. In 1973 it was collected with other essays by Schumacher in Small Is Beautiful: Economics as if People Mattered. The book has been translated into 27 different languages and in 1995 was named by the London Times Literary Supplement as one of the hundred most influential books written after World War II.
The poorest way to face life is to face it with a sneer. There are many men who feel a kind of twister pride in cynicism; there are many who confine themselves to criticism of the way others do what they themselves dare not even attempt. There is no more unhealthy being, no man less worthy of respect, than he who either really holds, or feigns to hold, an attitude of sneering disbelief toward all that is great and lofty, whether in achievement or in that noble effort which, even if it fails, comes to second achievement. A cynical habit of thought and speech, a readiness to criticise work which the critic himself never tries to perform, an intellectual aloofness which will not accept contact with life’s realities - all these are marks, not as the possessor would fain to think, of superiority but of weakness. They mark the men unfit to bear their part painfully in the stern strife of living, who seek, in the affection of contempt for the achievements of others, to hide from others and from themselves in their own weakness. The role is easy; there is none easier, save only the role of the man who sneers alike at both criticism and performance.
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."
From Teddy Roosevelt’s famous “In the Arena” speech. The first paragraph isn’t quoted a lot, but is so on the money (the 2nd paragraph is oft-quoted).
Reject cynicism if you ever want to get anything important done.
At the BALLE Conference, Burlington, Vermont, June 2006
In Memory of Jane Jacobs