“The production of the new Ford tractor would not involve stockholders, directors, absentee owners or parasites.” — Henry Ford, quoted by the Dearborn Independent, 1915
Category: Entrepreneurs
UW’s Charles Franklin Launches Pollster.com
Pollster.com is the new home of Mystery Pollster, the blog that has labored to demystify the art and science of political polling for the last two years, but it is also much more. Our Polls feature will take you to pages with complete listings of all the public polls available for the most competitive races for Senate and Governor with an important bonus: Interactive charts that show you how the poll results compare to each other as well as trends over time.
Before you dive into the data pages, let me tell you about the incredible team behind Pollster.com. Regular MP readers will notice a similarity between our charts and the stellar graphics produced by our friend Charles Franklin, professor of Political Science at the University of Wisconsin and creator of the blog PoliticalArithmetik. Franklin is a central part of the Pollster team and will also provide frequent commentary here on the Pollster blog as well as lead in the development of new ways to visualize results graphically.
By the way, today also marks the debut of our strategic partnership with Slate Magazine. We have worked with Slate to create an Election Scorecard that will track the daily trends in the race to control the U.S. Senate, the House of Representatives and key Governorships in 2006. With the help of Charles Franklin, I will write a daily update for Slate through Election Day on where those races stand. Links to that update will also appear here daily.
More about Franklin:
Charles Franklin is the co-developer of Pollster.com. He will provide frequent commentary and lead in the development of new ways to visualze polling results graphically. Franklin is the creator of PoliticalArithmetik (“Where numbers and politics meet”) and a professor of political science at the University of Wisconsin, Madison. He specializes in the statistical analysis of polling and election results.
Electric Cars & Monterey
We were originally invited to participate in the McCall Motorsports Customer Appreciation Night at the Monterey Airport on Wednesday. But at the last minute a large Japanese luxury automaker, who happened to be a sponsor of the event, had a hissy fit about our being there. So we were disinvited. How can they be scared of little Tesla Motors? Oh well. We made the best of the day giving rides to press and prospective customers.
Tufte on “Beautiful Evidence”
Edward Tufte has been described by The New York Times as “The Leonardo da Vinci of Data.” Since 1993, thousands have attended his day-long seminars on Information Design. That might sound like a dry subject, but with Tufte, information becomes art.
Tufte’s most recent book, Beautiful Evidence, is filled with hundreds of illustrations from the worlds of art and science. It contains historical maps and diagrams as well as contemporary charts and graphs. In one chapter alone, there’s an 18th-century depiction of how to do a cross-section drawing of how a bird’s wing works and photos from a 1940s instruction book for skiing.
audio
Rethinking Moneyball
Another Jason Giambi.
Mark Teahen was called that once. During the preparation for the 2002 draft, the Oakland Athletics’ scouting director, Eric Kubota, said if there were someone in the class who could develop like Giambi – from a big, strong singles hitter into a powerful corner infielder – it was Teahen. And this is public knowledge only because the A’s opened their doors that year to author Michael Lewis, who chronicled Oakland’s methods in the seminal book “Moneyball.”
“I’d like to say I’m past all of it,” Teahen said, “but it’s always going to be with me. It’s always going to be with all of us.”
Venturesome Consumption
Fascinating article in a recent Economist:
In a marvellously contrarian new paper*, Amar Bhidé, of Columbia University’s business school, argues that these supposed remedies, and the worries that lie behind them, are based on a misconception of how innovation works and of how it contributes to economic growth. Mr Bhidé finds plenty of nice things to say about many of the things that most trouble critics of the American economy: consumption as opposed to thrift; a plentiful supply of consumer credit; Wal-Mart; even the marketing arms of drug companies. He thinks that good managers may be at least as valuable as science and engineering graduates (though given where he works, perhaps he is talking his own book). But he has nothing nice to say about the prophets of technological doom.
* “Venturesome Consumption, Innovation and Globalisation”, presented in Venice at the CESifo and Centre on Capitalism and Society conference, July 21st-22nd.
Luck & Business Strategy
Because we underestimate how much variation can be caused simply by luck, we see patterns where none exist. It’s no wonder that management theory is dominated by fads: every few years, new companies succeed, and they are scrutinized for the underlying truths that they might reveal. But often there is no underlying truth; the companies just happened to be in the right place at the right time. In 1999, after all, it was hard to find a business book that didn’t hold up Enron as the embodiment of one important principle or other. Of course, some strategies and structures work better than others, but real meaning emerges only over the long term.
Fiskateers
Local firm Fiskars runs a blog for its Fiskateers program; “amabassdors for crafting”. Via John Moore.
Greenleaf: A Local Food Exchange
When a farmer walked into Whole Foods wanting to sell a huge sack of morels, store employee Heather Hilleren watched a futile effort unfold.
The farmer didn’t have vendor credentials, and it would have taken two weeks to get them. By then, the freshly picked morels would have spoiled.
The Key Ingredients for a “Great City”
Paul Graham ruminates on the essence of a technology hub:
I think you only need two kinds of people to create a technology hub: rich people and nerds. They’re the limiting reagents in the reaction that produces startups, because they’re the only ones present when startups get started. Everyone else will move.
Do you really need the rich people? Wouldn’t it work to have the government invest in the nerds? No, it would not. Startup investors are a distinct type of rich people. They tend to have a lot of experience themselves in the technology business. This (a) helps them pick the right startups, and (b) means they can supply advice and connections as well as money. And the fact that they have a personal stake in the outcome makes them really pay attention.
Bureaucrats by their nature are the exact opposite sort of people from startup investors. The idea of them making startup investments is comic. It would be like mathematicians running Vogue– or perhaps more accurately, Vogue editors running a math journal.
Grahams words are a must read for local politicians. Madison’s (Wisconsin) biggest challenge with respect to new business development is it’s parochialism. Living in San Francisco years ago, I was impressed by the general willingness to try new things and take risks. We have a world class University, lots of bright citizens but not so many people willing to take financial and career risks.