What is the Meaning of Democracy?

Here’s E.B. White‘s take on “the meaning of democracy” as written in The New Yorker during the middle of World War II:

It is the line that forms on the right. It is the don’t in don’t shove. It is the hole in the stuffed shirt through which the sawdust slowly trickles; it is the dent in the high hat. Democracy is the recurrent suspicion that more than half the people are right more than half of the time. It is the feeling of privacy in the voting booths, the feeling of communion in the libraries, the feeling of vitality everywhere. Democracy is a letter to the editor. Democracy is the score at the beginning of the ninth. It is an idea which hasn’t been disproved yet, a song the words of which have not gone bad. It’s the mustard on the hot dog and the cream in the rationed coffee.

(Hat tip to my Mom, who spotted this in a book she’s reading about Churchill and Roosevelt’s friendship.)

Jack Welch: Least Helpful Predecessor

Jack Welch, legendary former CEO of GE. Jeff Immelt, current CEO of GE. Welch groomed Immelt.

So this is not what Immelt probably expected from his former mentor as GE suffers a bit on Wall Street:

On April 16th, in an apparent bid to wrest the title of "least helpful predecessor" from Alan Greenspan, the suddenly outspoken former Federal Reserve chairman, Mr Welch informed viewers of…CNBC, that "Jeff has a credibility issue. He’s getting his ass kicked," before promising to "get a gun out and shoot him if he doesn’t make what he promised now."

It’d be one thing if Immelt was thought to have a motivation issue or didn’t know that he was in some deep shit. That’s not the case here. This is just dumb on the part of Welch.

On the topic of Welch, I’ve long been befuddled by how much businesspeople idolize the guy. I mean, OK, so he had an incredible run at GE. He’s been one of America’s most successful CEOs. That doesn’t mean every business owner can learn from him.

Circumstances matter. Are the tips from a CEO of a $300+ billion dollar company going to be useful to someone running a 10 person company, or even a 1,000 person company? I doubt it.

There are many successful CEOs and it’d be smarter, it seems to me, to find someone who is doing a little bit better than you (ie, 3-5 years ahead in terms of progress), and study that person.

Instead, we flock to read Welch and Trump and Gerstner, thinking that their experiences can help us understand our own. Worse yet, people fork over thousands of dollars just to hear Donald Trump speak in-person at a Learning Annex conference or whatever. I couldn’t think of a worse way to invest professional development money.

Should You Take Notes in a One-on-One Meeting?

Recently I met with some young, green entrepreneurs to discuss their business idea. I gave them a bunch of feedback at the end of the meeting. They nodded hungrily and said they appreciated it.

One problem. Neither took a single note during the meeting. As I read off a list of 6 or 7 specific things I had written down in my notebook, they nodded but did nothing else.

I’m a notebook-and-pen kind of guy. I try to carry a notebook around with me everywhere because I never know when a good idea will strike me, or when someone will tell me something I want to remember. In meetings, I not only take notes to remember things — I’ll trust paper notes over someone’s memory any day of the week — but also to signal respect to the person talking. I want to show that I value their ideas.

I apply this value the other way, too. That is, if I give someone specific, responsive feedback over several points, I appreciate it when he writes it down because it shows he’s taking my time / ideas seriously.

Here’s the catch: sometimes there’s rationale not to scribble notes in a meeting. If you’re trying to build a personal relationship with someone, or are out with a friend, sometimes taking notes can make the interaction seem too transactional. Also, if you are taking notes but your partner is not, a subtle power dynamic can emerge (ie, the person taking notes is less than the person not taking notes).

In the end, it’s a personal choice. I take notes all the time, regardless of situation. There’s no worse feeling than trying to remember that golden nugget of wisdom that you didn’t write down. I also try to signal that I value my partner’s time. But I can appreciate the perspective that in certain non-professional interactions taking notes can be weird and maybe counterproductive in the long-run.


One logistical note: sometimes a “notebook and pen” can be digital — ie, your PDA. I use my T-Mobile Dash to write down blog posts, quotes, etc. that come to mind during the day, and then transfer to my computer at the end of the day.

Here’s Tim Ferriss on “how to take notes like an alpha geek.” To me, this is over-optimizing the organization part of it (which is a central problem I have with many productivity hacks — over-optimization), but it’s worth a read to see different people’s systems.

The Guilty Sense of Privilege

From the latest positive review of Keith Gessen’s new book, this time in Slate:

One of the pleasures of Gessen’s novel is how well he reproduces the speech patterns of brainy, left-wing Ivy Leaguers—their sardonic deployment of social-theoretical jargon, their riffs on technology and capitalism, their anxiety about status, and the pride in small failures meant to refute their guilty sense of privilege.

I want to riff on the “refute guilty sense of privilege” bit.

Since 70% of our population does not have a college degree, anyone who has the opportunity to go to college in America is privileged. Those of us at selective colleges and universities are even more privileged, as a red-carpet path to power unveils itself after graduation via alumni networks and brand name prestige.

Regardless of whether you “earned” your privilege or not, the fact is the moment you enter the gates of a selective higher ed institution you are immediately thrust ahead in the societal rat race. Colleges often remind their students of this fact. They do so rather bluntly.

Convocation speeches might detail the extraordinary opportunities presented to we students, ask us to “look around and remember how lucky we are to have these opportunities,” and then insist, in more complicated language of course, “Now go save Africa!” I sat in an assembly in high school once that made precisely this point, where by the end everyone felt terrible that we had thick shiny textbooks while the schools in Bangladesh of which we had just seen pictures hardly managed a physical classroom, let alone textbooks.

The do-gooders among us ran off to set up a “donate your used textbooks drive,” but no one was pondering the implicit idea the school was endorsing which was action-to-assuage-guilt is better than no action at all, or at least action motivated by other things.

It’s not just schools — most charitable organizations in the U.S. use guilt-tripping as a primary mechanism to induce individual donors to give.

I’ve long said that as someone who was born in the richest state in the richest country in the world, I couldn’t have gotten any luckier out of the gate. Does this create some amount of guilt due to un-earned privilege that has allowed me to do things that I just couldn’t have done had I been born in, say, Peru, or even born into a broken family in Compton with no daddy and a crack-abusing mommy? Yep. Is this guilt healthy, does it create a sense of a gratitude and/or motivate me to make the most of my winning number in the genetic lottery? Maybe. Probably. Maybe not?

Dealing with guilt due to privilege is itself a privileged worry to have, relatively speaking, but many Americans have it, and I think there’s an opportunity to explore the emotion in a way more nuanced than it’s being approached. Maybe this is literature’s purview — maybe even Gessen’s. I’ll have to read his book to find out.

Cuckoo for Switzerland

Swiss

John Fund has a piece in a recent issue of The American on how under-appreciated Switzerland has become the envy of Europe. It’s good fodder for those of us who love Switzerland.

The country is consistently at the top of quality of life rankings. Its people are among the most productive in the world. Its culture is fascinating (four official languages!). And as Fund emphasizes, its smart economic policies have led to a high level of prosperity and innovation.

The summer after my junior year of high school I left America for the first time to participate in a student-exchange program in Zurich. That trip opened my eyes to international travel…and the rest is history.

I’m excited to be going back to Switzerland in less than a month. I’ll be in St. Gallen for a week, as I was a winner in the St. Gallen Symposium essay contest. Then I’ll be in Zurich for a few days visiting friends, and then Massimo and I will go to Prague for a few days. Drop me an email if you live in any of these three cities and want to meet up, or if you have tips on Prague.