Posts filed under “Philosophy”
@ritholtz I’ve read about other orgs before, and they don’t usually talk about a “search for the truth” and “getting to the other side”
— Joseph Weisenthal (@TheStalwart) June 8, 2014
The other day, I got into a Twitter discussion with Joe Weisenthal and others on the hedge fund Bridgewater. A WSJ article had described Ray Dalio’s shop as “Cult-like.”
All of which raised the following question: What are the Cult firms of today? What modern day companies, public or otherwise, have qualities similar to cults?
Here is the short list put together on Twitter:
Five Thirty Eight
Microsoft (in the 80s & 1990s);
Apple (in the 1990s and today)
Wal-Mart (cause of that cheer thing at corp meetings )
Ross Perot with EDS!
Facebook’s (See Zuckerberg’s letter in the S-1)
That list is far from complete. Some of these firms have cult-like characteristics amongst their customers but not their own corporate culture.
Which raises the question: What are the cult stocks of today? What companies are managed and run with a specific and unique culture that makes them see cultish?
What say ye?
I have been working in finance for two decades. Along with achieving whatever success and (internet) fame comes regular inquiries from the young’uns seeking advice on how to break into the field. On occasion, I have shared whatever small insights I might have with them. Along those lines, Tom Brakke of the blog The Research…Read More
Source: Amazon Any reader of this site has likely heard about the book currently setting the world of economics aflame. “Capital in the Twenty-First Century” was written by a French economist named Thomas Piketty. It is on the New York Times best-seller list and is currently sold out, with its publisher scrambling to print more…Read More
“The weak recovery is proof that the Federal Reserve’s program of quantitative easement does not work.” You do not understand the Counter-Factual. That is the only conclusion I can draw from what the very common criticism of the Federal Reserve policies of ZIRP and QE (above), and its inherent analytical error. The…Read More
Death is not distant, it’s inevitable, and ever-closer. No one knows anything. Confidence is a front. Everybody is insecure. No one cares about your SAT scores unless they aced the test. We’re all lonely looking to be connected. You’ll regret choices earlier in your life, but you’ll accept them. You’ll want the decade back when…Read More
“This spending of the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it reminds me of the Englishman who went to India to make a fortune first, in order that he might return to England and live the life of a poet.” ~…Read More