Tim Ferriss is jogging through Times Square during a blizzard with an 80-pound boxing heavybag across his shoulders. He and his batting coach went to the wrong hotel. No taxis. So they walk.
Tim Ferriss is jogging through Times Square during a blizzard with an 80-pound boxing heavybag across his shoulders. He and his batting coach went to the wrong hotel. No taxis. So they walk.
In November 2005, a 36-year-old copper trader for the Chinese government stopped answering his phone. His apartment door stayed shut. He did not show up at work. His employer, the State Reserve Bureau, first told the London Metal Exchange that the man did not exist. Then they said he acted alone. Then they stopped talking. Chapter 20 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of Liu Qibing, who shorted up to 200,000 tons of copper on the LME and vanished when the bet went wrong.
In November 2005, a 36-year-old copper trader for the Chinese government stopped answering his phone. His apartment door stayed shut. He did not show up at work. His employer, the State Reserve Bureau, first told the London Metal Exchange that the man did not exist. Then they said he acted alone. Then they stopped talking. Chapter 20 of Torsten Dennin’s “From Tulips to Bitcoins” tells the story of Liu Qibing, who shorted up to 200,000 tons of copper on the LME and vanished when the bet went wrong.
Most people have never heard of palladium. Ask someone on the street to name a precious metal and they will say gold. Maybe silver. Maybe platinum if they know jewelry. Almost nobody would say palladium. But in January 2001, palladium became the first precious metal in history to break $1,000 per ounce. More expensive than gold. Chapter 19 of Torsten Dennin’s “From Tulips to Bitcoins” tells how this obscure metal went from $120 to over $1,100 in four years. A 10x increase. And it all came down to one country: Russia.
Most people have never heard of palladium. Ask someone on the street to name a precious metal and they will say gold. Maybe silver. Maybe platinum if they know jewelry. Almost nobody would say palladium. But in January 2001, palladium became the first precious metal in history to break $1,000 per ounce. More expensive than gold. Chapter 19 of Torsten Dennin’s “From Tulips to Bitcoins” tells how this obscure metal went from $120 to over $1,100 in four years. A 10x increase. And it all came down to one country: Russia.
Your team just spent two hours discussing three options. Everyone has an opinion. Nobody agrees. Now what? Most teams have no plan for this moment, and that is exactly when things fall apart.
“Just remember: somewhere in China, a little girl is warming up with your max.” That’s what Olympic weightlifting coach Jim Conroy tells his athletes. Welcome to chapters 33 and 34. One is about adding 100 pounds to your bench press. The other is about a guy who was scared of water learning to swim a mile in the ocean. Both come down to the same idea: eat the elephant one bite at a time.
“Just remember: somewhere in China, a little girl is warming up with your max.” That’s what Olympic weightlifting coach Jim Conroy tells his athletes. Welcome to chapters 33 and 34. One is about adding 100 pounds to your bench press. The other is about a guy who was scared of water learning to swim a mile in the ocean. Both come down to the same idea: eat the elephant one bite at a time.
Most teams think decision-making is about picking the right option. The authors say the real problem is that teams do not even define what they are deciding in the first place.