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Your life has two big arcs. The first is about acquisition; acquiring knowledge about yourself and the world—figuring out how to meet your own needs. What am I going to do to make a living? Will I get married? Buy a house? Have kids? The second arc is about contribution. You start thinking about how you can serve others and make a lasting impression on the world. We take, and then we give. The avalanche sparked a major transition for me. It expanded my circle of awareness from simply meeting my own needs to extending my contribution to the world. I started thinking about ways I could pass on the gift I’d been given, the gift of creative expression. How
Creative Calling
Chase Jarvis
In my view, shared by many blue-suiters, this marvelous airplane should still be operational but, alas, that was not to be. One of the most depressing moments in the history of the Skunk Works occurred on February 5, 1970, when we received a telegram from the Pentagon ordering us to destroy all the tooling for the Blackbird. All the molds, jigs, and forty thousand detail tools were cut up for scrap and sold off at seven cents a pound. Not only didn’t the government want to pay storage costs on the tooling, but it wanted to ensure that the Blackbird never would be built again. I thought at the time that this cost-cutting decision would be deeply regretted over the years by those responsible for the national security. That decision stopped production on the whole series of Mach 3 aircraft for the remainder of this century. It was just plain dumb.
Skunk Works
Ben R. Rich and Leo Janos
Mergers and acquisitions can be very good or very bad but, on average, disappoint. The odds are best for combinations of related businesses done at reasonable prices. Philip Morris had more success with its acquisitions than Reynolds, which may be why it continued to diversify even as Reynolds was going back to basics. Spin-offs go against the normal empire-building tendency, and as a result are often fantastic opportunities for investors.
Big Money Thinks Small
Joel Tillinghast
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