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At Amazon, after a brief exchange of greetings and chitchat, everyone sits at the table, and the room goes completely silent. Silent, as in not a word. The reason for the silence? A six-page document that everyone must read before discussion begins. Amazon relies far more on the written word to develop and communicate ideas than most companies, and this difference makes for a huge competitive advantage.
Working Backwards
Colin Bryar and Bill Carr
The combination of very low nominal capital requirements and five-year averaging meant that the fastest growing control frauds could grow by roughly $1 billion for every additional $1 million of “capital” they could report. This thousand-to-one leverage opportunity was one of keys to the astonishing growth that made the control frauds ideal vehicles for Ponzi schemes and imposed horrific damages on taxpayers. Every $1 million in fraudulent accounting income could put the taxpayers at risk by an additional $1 billion.
The Best Way to Rob a Bank Is to Own One
William K. Black
Trauma generally falls into five categories: (1) abuse (physical or sexual, but also emotional or spiritual); (2) neglect; (3) abandonment; (4) enmeshment (the blurring of boundaries between adults and children); and (5) witnessing tragic events. Most of the things that wound children fit into these five categories.
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