Brazilian firm Odebrecht was really good at bribery.
“Some years, said [CEO] Marcelo, graft expenses neared 2 billion reais ($611 million).” |learn more
“Some years, said [CEO] Marcelo, graft expenses neared 2 billion reais ($611 million).” |learn more
This new study brings a whole new meaning to the oft-repeated phrase power corrupts, absolute power corrupts absolutely. Feeling powerful impairs the neural process of mirroring. Over time, it may cause functional changes to the brain. | learn more
Chicago-based investor Victor Gutwein (M25 Group) sets out to explain why he thinks the later-stage VC model doesn’t fit for smaller, earlier investors. This is the first of a multi-part series that’s worth following. | learn more
“His dealership went from getting one qualified lead per day to 40… By the third month, the dealership’s leads had increased 2930%, … leaving Jacobi scrambling to set up a new call center with six new employees to handle all the new business.” | learn more
Venture investor Bryce Roberts takes an opportunity to clarify differences between lifestyle businesses, venture businesses, and what he calls real businesses. I think the distinctions get confused a lot nowadays, so it’s nice to see someone spell them out. |learn more
Humans don’t have a monopoly on location-based differences in how we communicate. Researchers have found regional dialects among whales, monkeys, dogs, and cows. | learn more
If you’re acquainted with finance or investing, you’ve probably heard of Benjamin Graham’s concept of value investing. It’s also made famous by its very successful application by Warren Buffet. The content of the book can be a little dry in some sections where it gets into the metrics of securities analysis. Still, its content is a much-needed breath of fresh air (or cold shower) whenever seemingly crazy market prices are…
There’s an important distinction to be drawn here. Think about how much of what we learn every day won’t matter in a year. This is expiring knowledge. Then, consider the fundamental truths that we learn that will always matter. This is long-term knowledge. | learn more
Some years back, I heard a story about the McDonald’s in Williston, ND (home of the somewhat recent oil boom). The manager would drop by the oil workers’ camp in the AM to pick up dinner orders, then drop them off on her way home from work at night. I don’t know if its true, but maybe Walmart heard the same story. Say what you will about the giant discount…
“In 2011, Silicon Valley’s finest minds launched The Melt, a restaurant chain meant to reinvent the humble sandwich. Here’s the untold story of why that hasn’t gone according to plan.” | learn more