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Book Review: What Matters Now by Gary Hamel

Interview of Eric Schmidt by Gary Hamel at the MLab dinner tonight. Google's Marissa Mayer and Hal Varian also joined the open dialog about Google's culture and management style, from chaos to arrogance. The video just went up on YouTube. It's quite entertaining. (Photo credit: Wikipedia)Cover of The Future of ManagementMy list of must-read business writers continues to expand.Gary Hamel, however, author of What Matters Now, with the very long subtitle of How to Win in a World of Relentless Change, Ferocious Competition, and Unstoppable Innovation, has been on the list for quite some time.Continuing his thesis on the need for a new approach to management introduced in his prior book The Future of Management, Hamel calls for a complete rethinking of how enterprises are run.

Fundamental to his recommendation is that the practice of management is ossified in a command and control system that is now generations old and needs to be replaced with something that reflects an educat…

Sperando - Hyper-inflation?

There was an interesting and thought-provoking article in January 3rd Barron's by long-time trader Victor Sperando. Mr. Sprerando's core thesis is that there is a level of current government borrowing to spending (e.g. borrowing to fund a deficit) that is associated with hyper-inflation. And, more specifically, the U.S. is now running at that level.

Let's suspend that discussion for a moment and focus on the accumulated debt, which is approximately $14 trillion. If those notes and bills were to carry an interest rate of 5%, which is certainly not outlandish, the annual carry would be a whopping $700 billion. That, of course, wouldn't be amortizing the loan (paying any principal), but rather would be analogous to paying the minimum on one's credit card bill.

How could this debt ever be repaid? There are four ways:

1. The method that Republicans seem to be placing their hopes on: that the economy grows so fast while spending remains so constrained that our current $1…

Stress Can Kill You; Science Shows How to Beat It.

In previous posts, we’ve discussed the deleterious effects stress has on brain health. Stress is linked to headaches, stomachaches, missed periods and erectile dysfunction. It is also tied to type 2 diabetes, heart attack, stroke, depression and insomnia. It may be a risk factor for cancer and, by weakening the immune system, make us vulnerable to illnesses of all kinds. There is a growing body of knowledge of how using various techniques of controlled breathing can offset stress effects. The Science of Deep Breathing and Breath Control Medical science discovered the sympathetic and parasympathetic systems years ago. Among other functions, those systems control our breathing automatically. At the base of the brain is the brain stem which includes the medulla oblongata. The medulla oblongata extends from the spinal cord into the brain. Among its functions are monitoring carbon dioxide levels in the blood and adjusting as appropriate. Doctor Matthew MacKinnon uses an automobile metaphor…