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The Monday Morning Memo

Here is Les Binet again, making a new point in a much shorter video. – Indy

“So many people think that if they just hire somebody with the appropriate labels they can do something very difficult. That is one of the most dangerous ideas a human being can have. All kinds of things just intrinsically create problems. The other day I was dealing with a problem and I said, ‘This thing – it’s a new building – this thing has 3 things I’ve learned to fear: an architect, a contractor, and a hill.’”

– Charlie Munger,
sitting beside Warren Buffet in the video,
“The Reason Why I Don’t Own NIKE.”

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“The word 'teenager' did not enter the popular English Language until 1941 when it appeared in a Popular Science magazine article. 'It seems to have leaked into the language from the world of advertising and marketing, where demographic information was becoming an increasingly important part of predicting which sales approaches are most effective with particular buyers.'”

- Thomas Hine

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