Interesting stories from the day; now I need to figure out why.
Hessler describes a world in which people happily cut corners to get what they want. Quality is never king. “No matter what you make, you’re going to have competition.” “So now it’s not the product that counts. It’s the volume.”
“I have personally placed the highest priority on improving quality over quantity,” Mr. Toyoda said. “And I have shared that direction with our stakeholders.”
The financial fiasco:
as Wall Street’s answer to post-modernism. Wall Street, too, in Lanchester’s account, engineered “a break with common sense, a turn toward self-referentiality and abstraction, and notions that couldn’t be explained in workaday English.”
A result, some traders say, is a vicious circle. As banks and others rush into these swaps, the cost of insuring Greece’s debt rises. Alarmed by that bearish signal, bond investors then shun Greek bonds, making it harder for the country to borrow. That, in turn, adds to the anxiety — and the whole thing starts over again.
86% of the VC-backed winners (ie, companies that are acquired or go to an IPO) they identified had strong as opposed to typical intellectual property assessments. In other words, while a healthy IP position may not guarantee that a start-up technology company is going to be successful, it is going to find it a whole lot harder to succeed if it does not have one. And ,crucially, it is not just ownership of IP that is important, it is understanding the IP that is key.
imagine if authors had to buy intellectual-property rights for every idea that they referred to in their work, rather than simply acknowledging it in a footnote.