Bigger Lesson?

My favorite recent quote, from economist Paul Ormerod, in his terrific book, Why Most Things Fail: Evolution, Extinction and Economics. To wit: “I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The answer seems obvious: Buy a very large one and just wait.”

(P.S. Suggest you read it twice.)

More of the same, more or less, from last Sunday’s New York Times Magazine. Gretchen Morgenson starts off like this: “What Are Mergers Good For? Not much, unless you’re one of the bankers or executives whose compensation goes up with every deal you do.” No “news” here, but always worth repeating. Every CEO thinks he’s the exception to the rule. Message: He’s not!