Podcast appearances and mentions of Frank Partnoy

Founders ✓ Claim Key Takeaways  Business is sales; you are always sellingA person can have the greatest idea in the world, but if that person cannot convince enough other people about it, then it doesn't matter Sell the improvement that your products make and sell the better future that your customers will receive if they use your product Advertising must promise a benefit to the customer Repetition is persuasiveEntrepreneurs must learn how to tell a story about their business because that is how money works; money flows as a function of the storyStart your presentation with the problem; do not start with the product Most business communicators lose sight of the fact that their audiences want to be informed and entertained Identify what you are most passionate about, and then share that belief with your audience   Read the full notes @ podcastnotes.orgWhat I learned from reading The Presentation Secrets of Steve Jobs: How to Be Insanely Great in Front of Any Audience by Carmine Gallo ----Come build relationships at the Founders Conference on July 29th-July 31st in Scotts Valley, California----Learning from history is a form of leverage. —Charlie Munger. Founders Notes gives you the super power to learn from history's greatest entrepreneurs on demand.Get access to the World's Most Valuable Notebook for FoundersYou can search all my notes and highlights from every book I've ever read for the podcast. You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you. A few questions I've asked SAGE recently: What are the most important leadership lessons from history's greatest entrepreneurs?Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas) How did Edwin Land find new employees to hire? Any unusual sources to find talent?What are some strategies that Cornelius Vanderbilt used against his competitors?Get access to Founders Notes here. ----If you want me to speak at your company go here. ----(1:00) You've got to start with the customer experience and work back toward the technology—not the other way around.  —Steve Jobs in 1997(6:00) Why should I care = What does this do for me?(6:00) The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.  (Founders #348)(7:00) Easy to understand, easy to spread.(8:00) An American Saga: Juan Trippe and His Pan Am Empire by Robert Daley (8:00) The Fish That Ate the Whale: The Life and Times of America's Banana King by Rich Cohen. (Founders #255)(9:00)  love how crystal clear this value proposition is. Instead of 3 days driving on dangerous road, it's 1.5 hours by air. That's a 48x improvement in time savings. This allows the company to work so much faster. The best B2B companies save businesses time.(10:00) Great Advertising Founders Episodes:Albert Lasker (Founders #206)Claude Hopkins (Founders #170 and #207)David Ogilvy (Founders #82, 89, 169, 189, 306, 343) (12:00) Advertising which promises no benefit to the consumer does not sell, yet the majority of campaigns contain no promise whatever. (That is the most important sentence in this book. Read it again.) — Ogilvy on Advertising(13:00) Repeat, repeat, repeat. Human nature has a flaw. We forget that we forget.(19:00) Start with the problem. Do not start talking about your product before you describe the problem your product solves.(23:00) The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)(27:00) Being so well known has advantages of scale—what you might call an informational advantage.Psychologists use the term social proof. We are all influenced-subconsciously and, to some extent, consciously-by what we see others do and approve.Therefore, if everybody's buying something, we think it's better.We don't like to be the one guy who's out of step.The social proof phenomenon, which comes right out of psychology, gives huge advantages to scale.—  the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Marketing is theatre.(32:00) Belief is irresistible. — Shoe Dog: A Memoir by the Creator of Nike by Phil Knight.  (Founders #186)(35:00) I think one of the things that really separates us from the high primates is that we're tool builders. I read a study that measured the efficiency of locomotion for various species on the planet. The condor used the least energy to move a kilometer. And, humans came in with a rather unimpressive showing, about a third of the way down the list. It was not too proud a showing for the crown of creation. So, that didn't look so good. But, then somebody at Scientific American had the insight to test the efficiency of locomotion for a man on a bicycle. And, a man on a bicycle, a human on a bicycle, blew the condor away, completely off the top of the charts.And that's what a computer is to me. What a computer is to me is it's the most remarkable tool that we've ever come up with, it's the equivalent of a bicycle for our minds.----If you want me to speak at your company go here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Founders ✓ Claim Key Takeaways  Business is sales; you are always sellingA person can have the greatest idea in the world, but if that person cannot convince enough other people about it, then it doesn't matter Sell the improvement that your products make and sell the better future that your customers will receive if they use your product Advertising must promise a benefit to the customer Repetition is persuasiveEntrepreneurs must learn how to tell a story about their business because that is how money works; money flows as a function of the storyStart your presentation with the problem; do not start with the product Most business communicators lose sight of the fact that their audiences want to be informed and entertained Identify what you are most passionate about, and then share that belief with your audience   Read the full notes @ podcastnotes.orgWhat I learned from reading The Presentation Secrets of Steve Jobs: How to Be Insanely Great in Front of Any Audience by Carmine Gallo ----Come build relationships at the Founders Conference on July 29th-July 31st in Scotts Valley, California----Learning from history is a form of leverage. —Charlie Munger. Founders Notes gives you the super power to learn from history's greatest entrepreneurs on demand.Get access to the World's Most Valuable Notebook for FoundersYou can search all my notes and highlights from every book I've ever read for the podcast. You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you. A few questions I've asked SAGE recently: What are the most important leadership lessons from history's greatest entrepreneurs?Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas) How did Edwin Land find new employees to hire? Any unusual sources to find talent?What are some strategies that Cornelius Vanderbilt used against his competitors?Get access to Founders Notes here. ----If you want me to speak at your company go here. ----(1:00) You've got to start with the customer experience and work back toward the technology—not the other way around.  —Steve Jobs in 1997(6:00) Why should I care = What does this do for me?(6:00) The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.  (Founders #348)(7:00) Easy to understand, easy to spread.(8:00) An American Saga: Juan Trippe and His Pan Am Empire by Robert Daley (8:00) The Fish That Ate the Whale: The Life and Times of America's Banana King by Rich Cohen. (Founders #255)(9:00)  love how crystal clear this value proposition is. Instead of 3 days driving on dangerous road, it's 1.5 hours by air. That's a 48x improvement in time savings. This allows the company to work so much faster. The best B2B companies save businesses time.(10:00) Great Advertising Founders Episodes:Albert Lasker (Founders #206)Claude Hopkins (Founders #170 and #207)David Ogilvy (Founders #82, 89, 169, 189, 306, 343) (12:00) Advertising which promises no benefit to the consumer does not sell, yet the majority of campaigns contain no promise whatever. (That is the most important sentence in this book. Read it again.) — Ogilvy on Advertising(13:00) Repeat, repeat, repeat. Human nature has a flaw. We forget that we forget.(19:00) Start with the problem. Do not start talking about your product before you describe the problem your product solves.(23:00) The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)(27:00) Being so well known has advantages of scale—what you might call an informational advantage.Psychologists use the term social proof. We are all influenced-subconsciously and, to some extent, consciously-by what we see others do and approve.Therefore, if everybody's buying something, we think it's better.We don't like to be the one guy who's out of step.The social proof phenomenon, which comes right out of psychology, gives huge advantages to scale.—  the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Marketing is theatre.(32:00) Belief is irresistible. — Shoe Dog: A Memoir by the Creator of Nike by Phil Knight.  (Founders #186)(35:00) I think one of the things that really separates us from the high primates is that we're tool builders. I read a study that measured the efficiency of locomotion for various species on the planet. The condor used the least energy to move a kilometer. And, humans came in with a rather unimpressive showing, about a third of the way down the list. It was not too proud a showing for the crown of creation. So, that didn't look so good. But, then somebody at Scientific American had the insight to test the efficiency of locomotion for a man on a bicycle. And, a man on a bicycle, a human on a bicycle, blew the condor away, completely off the top of the charts.And that's what a computer is to me. What a computer is to me is it's the most remarkable tool that we've ever come up with, it's the equivalent of a bicycle for our minds.----If you want me to speak at your company go here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from reading The Presentation Secrets of Steve Jobs: How to Be Insanely Great in Front of Any Audience by Carmine Gallo ----Come build relationships at the Founders Conference on July 29th-July 31st in Scotts Valley, California----Learning from history is a form of leverage. —Charlie Munger. Founders Notes gives you the super power to learn from history's greatest entrepreneurs on demand.Get access to the World's Most Valuable Notebook for FoundersYou can search all my notes and highlights from every book I've ever read for the podcast. You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you. A few questions I've asked SAGE recently: What are the most important leadership lessons from history's greatest entrepreneurs?Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas) How did Edwin Land find new employees to hire? Any unusual sources to find talent?What are some strategies that Cornelius Vanderbilt used against his competitors?Get access to Founders Notes here. ----If you want me to speak at your company go here. ----(1:00) You've got to start with the customer experience and work back toward the technology—not the other way around.  —Steve Jobs in 1997(6:00) Why should I care = What does this do for me?(6:00) The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.  (Founders #348)(7:00) Easy to understand, easy to spread.(8:00) An American Saga: Juan Trippe and His Pan Am Empire by Robert Daley (8:00) The Fish That Ate the Whale: The Life and Times of America's Banana King by Rich Cohen. (Founders #255)(9:00)  love how crystal clear this value proposition is. Instead of 3 days driving on dangerous road, it's 1.5 hours by air. That's a 48x improvement in time savings. This allows the company to work so much faster. The best B2B companies save businesses time.(10:00) Great Advertising Founders Episodes:Albert Lasker (Founders #206)Claude Hopkins (Founders #170 and #207)David Ogilvy (Founders #82, 89, 169, 189, 306, 343) (12:00) Advertising which promises no benefit to the consumer does not sell, yet the majority of campaigns contain no promise whatever. (That is the most important sentence in this book. Read it again.) — Ogilvy on Advertising (13:00) Repeat, repeat, repeat. Human nature has a flaw. We forget that we forget.(19:00) Start with the problem. Do not start talking about your product before you describe the problem your product solves.(23:00) The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)(27:00) Being so well known has advantages of scale—what you might call an informational advantage.Psychologists use the term social proof. We are all influenced-subconsciously and, to some extent, consciously-by what we see others do and approve.Therefore, if everybody's buying something, we think it's better.We don't like to be the one guy who's out of step.The social proof phenomenon, which comes right out of psychology, gives huge advantages to scale.—  the NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger (Founders #329)(29:00) Marketing is theatre.(32:00) Belief is irresistible. — Shoe Dog: A Memoir by the Creator of Nike by Phil Knight.  (Founders #186)(35:00) I think one of the things that really separates us from the high primates is that we're tool builders. I read a study that measured the efficiency of locomotion for various species on the planet. The condor used the least energy to move a kilometer. And, humans came in with a rather unimpressive showing, about a third of the way down the list. It was not too proud a showing for the crown of creation. So, that didn't look so good. But, then somebody at Scientific American had the insight to test the efficiency of locomotion for a man on a bicycle. And, a man on a bicycle, a human on a bicycle, blew the condor away, completely off the top of the charts.And that's what a computer is to me. What a computer is to me is it's the most remarkable tool that we've ever come up with, it's the equivalent of a bicycle for our minds.----If you want me to speak at your company go here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from reading The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy. ----Relationships run the world: Build relationships at Founders events----Get access to the World's Most Valuable Notebook for FoundersYou can read, reread, and search all my notes and highlights from every book I've ever read for the podcast. You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you. A few questions I've asked SAGE recently: What are the most important leadership lessons from history's greatest entrepreneurs?Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas) How did Edwin Land find new employees to hire? Any unusual sources to find talent?What are some strategies that Cornelius Vanderbilt used against his competitors?Get access to Founders Notes here. ----Make yourself easy to interface with: Scribe helps entrepreneurs, consultants, executives, and other professionals publish a book about their specific knowledge. Mention you heard about Scribe on Founders and they will give you these discounts: Guided Author - $1,000 offScribe Professional - $1,000 offScribe Elite Ghostwriting - $3,000 off----Vesto helps you see all of your company's financial accounts in one view. Connect and control all of your business accounts from one dashboard. Tell Ben (the founder of Vesto) that David sent you and you will get $500 off. ----Join my personal email list if you want me to email you my top ten highlights from every book I read----Buy a super comfortable Founders sweatshirt (or hat) here ! ----Episode Outline: 1. Ivar was charismatic. His charisma was not natural. Ivar spent hours every day just preparing to talk. He practiced his lines for hours like great actors do.2. Ivar's first pitch was simple, easy to understand, and legitimate: By investing in Swedish Match, Americans could earn profits from a monopoly abroad.3. Joseph Duveen noticed that Europe had plenty of art and America had plenty of money, and his entire astonishing career was the product of that simple observation. — The Days of Duveen by S.N. Behrman.  (Founders #339 Joseph Duveen: Robber Baron Art Dealer)4. Ivar studied Rockefeller and Carnegie: Ivar's plan was to limit competition and increase profits by securing a monopoly on match sales throughout the world, mimicking the nineteenth century oil, sugar, and steel trusts.5. When investors were manic, they would purchase just about anything. But during the panic that inevitably followed mania, the opposite was true. No one would buy.6. The problem isn't getting rich. The problem is staying sane. — Charlie Munger7. Ivar understood human psychology. If something is limited and hard to get to that increases desire. This works for both products (like a Ferrari) and people (celebrities). Ivar was becoming a business celebrity.8.  I've never believed in risking what my family and friends have and need in order to pursue what they don't have and don't need. — The Essays of Warren Buffett by Warren Buffett and Lawrence Cunningham. (Founders #227)9. Great ideas are simple ideas: Ivar hooked Durant with his simple, brilliant idea: government loans in exchange for match monopolies.10. Ivar wrote to his parents, "I cannot believe that I am intended to spend my life making money for second-rate people. I shall bring American methods back home. Wait and see - I shall do great things. I'm bursting with ideas. I am only wondering which to carry out first."11. Ivar's network of companies was far too complex for anyone to understand: It was like a corporate family tree from hell, and it extended into obscurity.12. “Victory in our industry is spelled survival.”   —Steve Jobs13. Ivar's financial statements were sloppy and incomplete. Yet investors nevertheless clamored to buy his securities.14. As more cash flowed in the questions went away. This is why Ponzi like schemes can last so long. People don't want to believe. They don't want the cash to stop.15. A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Ed Thorp. (Founders #222)16.  A summary of Charlie Munger on incentives:1. We all underestimate the power of incentives.2. Never, ever think about anything else before the power of incentives.3. The most important rule: get the incentives right.17. This is nuts! Fake phones and hired actors!Next to the desk was a table with three telephones. The middle phone was a dummy, a non-working phone that Ivar could cause to ring by stepping on a button under the desk. That button was a way to speed the exit of talkative visitors who were staying too long. Ivar also used the middle phone to impress his supporters. When Percy Rockefeller visited Ivar pretended to receive calls from various European government officials, including Mussolini and Stalin. That evening, Ivar threw a lavish party and introduced Rockefeller to numerous "ambassadors" from various countries, who actually were movie extras he had hired for the night.----Get access to the World's Most Valuable Notebook for Founders at Founders Notes----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast 

Today's guest is President and CEO of University Health Network, Canada's largest academic health sciences centre. Kevin Smith pursued his education in Canada, the U.S. and Great Britain, studying psychology, science, public policy and medicine. If Kevin's had a frustrating day, one of his best experiences is talking to young people who are enthusiastic and filled with hope. He says the system is in good hands with the generation in training today. Open forums and site visits are a regular part of Kevin's life at UHN, and he sees the challenging questions he gets as a sign of a healthy culture. In fact, when he feels the news is too positive, he'll precipitate a tougher conversation, asking people to tell him what they are scared of, and what's not going as well as it should. Quotables “I actually think this is the challenge of our generation in healthcare – adequate health human resources with appropriate quality of work life not only in Toronto or Ontario but around the world.” – KS “Our workforce should look like those we serve.” – KS “We're looking at what can we do to support nurses who are early in their career trajectory. A large portion of that is making additional investments in mentorship.” – KS “We are seeing students now with a massive social conscience who are much more aware of population health and well-being.” – KS “We have really embraced the model that says integrated care is about invisible points of transition, both for patients but also for providers.” – KS “We have a responsibility to help our political and policy makers better understand that research is the lifeblood of the future economy, it is the lifeblood of building a civil society, and at the moment we are falling behind.” – KS “I see people embracing that AI working with humans can dramatically improve the healthcare and science experience and result.” – KS “The question now is how will we balance the needs of our patients and not make those people who provide that care ill from overwork.” – KS “We all have something to learn, we all have something to teach, but nobody has all the answers.” - KS Mentioned in this episode: University Hospital Network The Michener Institute for education at UHN Inspire: UHN Nursing Strategy 2023-2028 Rotman School of Management DeGroote School of Medicine at McMaster Canadian Institute for Health Information Mayo Clinic Platform_Connect The Match King by Frank Partnoy

0:00 -- Intro.3:45 -- Start of interview.5:09 -- Leo's "origin story".  His focus on public service, and work for then Delaware Governor (now U.S. Senator) Tom Carper.9:41 -- On his time at Skadden's Wilmington office.11:52 -- On his time at the Delaware Court of Chancery and as Chief Justice of the Delaware Supreme Court. 15:32-- His views on the evolution (and strengths) of the Delaware Court of Chancery. Its symbiosis with the SEC. "The courts in Delaware are not infected by partisanship." "Our brand is everything." "Delaware is not a tax haven."24:40 -- On companies leaving Delaware or the US (via inversions). "We do not impede the flow of capital."28:34 -- Why he wrote his new paper "Good Corporate Citizenship We Can All Get Behind?: Toward A Principled, Non-Ideological Approach To Making Money The Right Way." (December 7, 2022). 78 Bus. Law. 329 (2023), "The old word for ESG was CSR, this is not a new debate." "ESG is a proxy for good corporate citizenship, it's about making money the right way."38:28 -- His proposed Model of Good, Non-Ideological Corporate Citizenship.  "Make money without making harm". Reference to paper "Companies Should Maximize Shareholder Welfare Not Market Value" by Hart & Zingales. 44:49 -- On corporate political spending. "Corporate law has often policed conflict transactions." The role of the board in this process. The function of independent directors. Jack Bogle: "Institutional investors should insist that the proxy statement of each company in which they invest contain the following: Resolved: That the corporation shall make no political contributions without the approval of the holders of at least 75 percent of its shares outstanding.” "Citizens United is sort of a white whale of mine." "I would like to see Profs Lucian Bebchuk, Rob Jackson and Frank Partnoy push shareholder proposals to curb corporate political spending."58:16 -- On institutional investors' role (and challenges) in corporate governance. "I don't like the fact that [large asset managers] may be trying to escape their responsibility by passing through the voting." "With power should come responsibility."1:08:27 -- The complexity of climate change discourse: "actuaries and scientists agree on this problem." "Thanksgiving dinner behavior needs to be where we are on the business community."1:12:03 --  The books that have greatly influenced his life: Down and Out in Paris and London, by George Orwell (1933)Road to Wigan Pier, by George Orwell (1937)Simple books that his parents gave him when he was a child.1:14:30 --  His mentors, and what he learned from them: The two judges that he clerked for, Rod Ward (founder and longtime leader of Skadden's Wilmington office), Senator Tom Carper, his colleagues at the Delaware Chancery Court, Marty Lipton, Bob Clark and Michael Wachter, his wife.1:18:30 -- Quotes he thinks of often or lives his life by: "Clown time is over." (Elvis Costello). "Be yourself, unless of course you are an asshole, in which case be someone else."1:20:23 --   An unusual habit or an absurd thing that he loves: Lyrics. "I have stuck in my head pretty much every pop song of the 1970s" ("life is stuck in two decades: for me, it's the 1970s and the 1990s"). 1:23:13 --   The living person he most admires: the people who do the hardest jobs with no public glory. Leo E Strine, Jr. is Of Counsel in the Corporate Department at Wachtell, Lipton, Rosen & Katz.  Prior to joining the firm, he was the Chief Justice of the Delaware Supreme Court from early 2014 through late 2019.  Before becoming the Chief Justice, he served on the Delaware Court of Chancery as Chancellor since June 22, 2011, and as a Vice Chancellor since November 9, 1998.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__You can join as a Patron of the Podcast at:Patreon: patreon.com/BoardroomGovernancePod__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

In this episode, we explore the topic of procrastination. Is procrastination always a bad thing? How can we manage it effectively? We examine the history of procrastination and the potential benefits and drawbacks. Organizational psychologist Adam Grant believes that there is a sweet spot in moderate procrastination that allows the brain to come up with creative ideas. We also discuss the different types of procrastination and offer some tips and tricks for managing it effectively. Join us as we dive deep into the world of procrastination. Are you a chronic procrastinator? What are some of the challenges you face? What strategies do you use to manage it? Join the conversation on social media using the hashtags #procrastination #timemanagement.Books and links to help you overcome Procrastination Wait: The Art and Science of Delay by Frank Partnoy.Solving the Procrastination Puzzle: A Concise Guide to Strategies for Change. This book was written by eminent procrastination researcher Tim Pychyl The Now Habit: A Strategic Program for Overcoming Procrastination and Enjoying Guilt-Free Play by Neil Fiorehttps://www.smithsonianmag.com/science-nature/why-procrastination-is-good-for-you-2102008/https://www.apa.org/news/press/releases/2010/04/procrastinationhttps://www.nytimes.com/2019/03/25/smarter-living/why-you-procrastinate-it-has-nothing-to-do-with-self-control.htmlhttps://www.forbes.com/sites/ashleystahl/2017/10/22/how-to-stop-procrastinating-right-now/?sh=1ee46b9a3c0aTo find out more about investing in multifamily real estate schedule a call at https://www.oncallinvestments.com/Are you a healthcare provider exploring options outside of your traditional career path? Be a guest on The Plan B CRNA podcast! Email me at: Bobby@oncallinvestments.com for more information

The I Hung Up On Warren Buffett podcast returns this week to cover a special topic with two special guests, already familiar to some of our regular listeners.  Our panel today features Prof. Frank Partnoy and Soren Aandahl. Professor Partnory helps to mold future lawyers at Berkeley Law, while Soren is a reformed lawyer turned activist short. Together with The Pack, we dig into the fun and fraud of the founding first executive at the company formerly known as Theranos.  Elizabeth Holmes was convicted on 4 of 11 the charges leveled at her, perhaps surprising no one other than herself and her newly minted baby-daddy. We ask our two experts where the trial was done right, and where they think there may have been missteps by both prosecution and defense. Did Elizabeth Holmes convince the jury that she was victimized? Did the prosecution get a real win that will have a lasting impact on corporate law and help deter corporate crime? We also cover the yet pending prosecutions of her peers and discuss how much jail time Elizabeth Holmes and the others will do in stripes at federal tennis camp for former executives.   Sit Back have a drink and see who will win some tacos. Links https://www.blueorcacapital.com/ https://www.law.berkeley.edu/our-faculty/faculty-profiles/frank-partnoy/#tab_profile https://www.linkedin.com/in/frank-partnoy-a13525/   Books by Prof Partnoy Amazon  Fiasco: The Inside Story of a Wall Street Trader The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals Wait: The Art and Science of Delay The Activist Manifesto Infectious Greed: How Deceit and Risk Corrupted the Financial Markets  

Today's episode is a list of my top ten books for traders, or the best finance books to read to learn about the financial industry.  I decided to come up with a list of books that are not just filled with knowledge, but that are also really enjoyable reads – the kind of book that it is hard to put down.  There are no university textbooks on this list, no Random Walk Down Wall Street or The Intelligent Investor.  To make the list the books had to be interesting, educational, and a lot of fun to read.  Many of these books are investment classics, and so people who have worked in markets for any length of time will possibly have read at least a few of these.  I have put time stamps below, so you can skip ahead to the books that you are most interested in in case you have already read some of my selections.  Let me know  what books you feel I left out.Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceRoger Lowenstein - When Genius Failed - https://amzn.to/2Jp0pwjEdwin Lefevre - Reminiscences of a Stock Operator - https://amzn.to/3mnfXz8Victor Niederhoffer - Education of A Speculator - https://amzn.to/3mlWNKcJack Schwager - Unknown Market Wizards - https://amzn.to/3mleoltMichael Lewis - Liars Poker - https://amzn.to/39sSFEnFrank Partnoy - Fiasco - https://amzn.to/3lliWHcRichard Thaler - The Winner's Curse - https://amzn.to/3lkrdexEdward Thorp - A Man For All Markets - https://amzn.to/3mkfZI8Emanuel Derman - My Life As A Quant - https://amzn.to/36kdhwMJim Rogers - Investment Biker - https://amzn.to/2JdCoc2Patrick's Books:Statistics for the Trading Floor:  https://amzn.to/3eerLA0Derivatives for the Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleSupport the show (https://www.patreon.com/PatrickBoyleOnFinance)

Could the U.S. be on the verge of a financial crash? That's what Frank Partnoy considers in a recent article in The Atlantic. He joins us to talk about the possibility of a financial crash and the risks big banks are taking. Frank Partnoy and Rep. Katie Porter join Anthony Brooks.

In this episode of Virtually Live, Shannon Rivkin provides an update on the current market, discusses Rivkin's Event Strategy and provides his analysis on; Santos (STO), Oz Minerals (OZL), Mineral Resources (MIN) and the Vicinity Centre (VCX) share purchase plan. Shannon also provides his opinion on the recent article written by Frank Partnoy which can be read here: https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/

Frank Partnoy wrote an article with that title in The Atlantic, and it's getting a lot of attention. Partnoy says that CLO defaults are coming and they'll bring down the US banking sector. Is that plausible?

Ken Harvey is the Communications Director for Sno-Isle Libraries. On today’s episode, Ken explains the types of patterns he was able to notice with his email marketing campaigns, some early challenges that arose, and also shares his main purpose and goal for their cardholders. It’s important to think of yourself as a student during this process because trends and marketing techniques change so frequently! See the full episode with transcripts and visuals at: http://meetpiola.com/engaging-new-library-patrons/   Key Takeaways: Who is Ken and what does he do for Sno-Isle Libraries? Ken shares what projects and initiatives he and his team have been working on. How does Ken onboard new cardholders? How many emails does Ken send to his card holders? Ken currently uses Orange Boy to understand their data and notice patterns. What day seems to the best day for open rates? What metrics is Ken looking at when it comes to his email campaigns? Ken shares an early challenge he was able to identify with the data. The best marketers don’t think of themselves as experts, they think of themselves as students. Ken will be sharing some of his email examples. What’s Ken’s favorite source for staying up-to-date with marketing strategies?   Mentioned in This Episode: MeetPiola.com/  MeetPiola.com/webinar Sno-isle.org Email Ken: KHarvey@Sno-isle.org Ken on LinkedIn Orangeboyinc.com The Logic of Failure: Recognizing and Avoiding Error in Complex Situations, by Dietrich Dörner Wait: The Art and Science of Delay, by Frank Partnoy

Episode 36: Part 2 - Procrastination: Time and tide waits for no one Music: “Just A Blip” by Andy G. CohenFrom the Free Music ArchiveReleased under a Creative Commons Attribution International License https://www.smithsonianmag.com/science-nature/why-procrastination-is-good-for-you-2102008 - Life seems to happen at warp speed. But, decisions, says Frank Partnoy, should not. In his new book, Wait: The Art and Science of Delay, Partnoy claims that when faced with a decision, we should assess how long we have to make it, and then wait until the last possible moment to do so. Should we take his advice on how to “manage delay,” we will live happier lives.  Historically, for human beings, procrastination has not been regarded as a bad thing. The Greeks and Romans generally regarded procrastination very highly. The wisest leaders embraced procrastination and would basically sit around and think and not do anything unless they absolutely had to. "Neither a wise nor a brave man lies down on the tracks of history to wait for the train of the future to run over him." – Dwight D. Eisenhower - The idea that procrastination is bad really started in the Puritanical era with Jonathan Edwards’s sermon against procrastination and then the American embrace of “a stitch in time saves nine,” and this sort of work ethic that required immediate and diligent action. If you look at recent studies, managing delay is an important tool for human beings. People are more successful and happier when they manage delay. Procrastination is just a universal state of being for humans. We will always have more things to do than we can possibly do, so we will always be imposing some sort of unwarranted delay on some tasks. The question is not whether we are procrastinating, it is whether we are procrastinating well. - Some scientists have argued that there are two kinds of procrastination: active procrastination and passive procrastination. Active procrastination means you realize that you are unduly delaying mowing the lawn or cleaning your closet, but you are doing something that is more valuable instead. Passive procrastination is just sitting around on your sofa not doing anything. That clearly is a problem. - Lehman Brothers had arranged for a decision-making class in the fall of 2005 for its senior executives. It brought four dozen executives to the Palace Hotel on Madison Avenue and brought in leading decision researchers, including Max Bazerman from Harvard and Mahzarin Banaji, a well-known psychologist. For the capstone lecture, they brought in Malcolm Gladwell, who had just published Blink, a book that speaks to the benefits of making instantaneous decisions and that Gladwell sums up as “a book about those first two seconds.” Lehman’s president Joe Gregory embraced this notion of going with your gut and deciding quickly, and he passed copies of Blink out on the trading floor. The executives took this class and then hurriedly marched back to their headquarters and proceeded to make the worst snap decisions in the history of financial markets. -Question one is: what is the longest amount of time I can take before doing this? What time world am I living in? Step two is, delay the response or the decision until the very last possible moment. If it is a year, wait 364 days. If it’s an hour, wait 59 minutes. Most of us would say that a professional tennis player is better than an amateur because they are so fast. But, in fact, what I found and what the studies of superfast athletes show is that they are better because they are slow. They are able to perfect their stroke and response to free up as much time as possible between the actual service of the ball and the last possible millisecond when they have to return it. "Take time to deliberate; but when the time for action arrives, stop thinking and go in."– Napoleon Bonaparte - Most people are taught that you should apologize right away. But I was surprised to find that, in most cases, delayed apologies are more effective. If you’ve wronged a spouse or partner or colleague in some substantive, intentional way, they will want time to process information about what you’ve done. If you acknowledge what you did, and delay the apology, then the wronged party has a chance to tell you how they feel in response, and your apology is much more meaningful. - Just take a breath. Take more pauses. Stare off into the distance. Ask yourself the first question of this two-step process: What is the maximum amount of time I have available to respond? When I get emails now, instead of responding right away, I ask myself this. We need a shift in mindset away from snap reactions toward delay. Innovation goes at a glacial pace and should go at a glacial pace. "The habit of always putting off an experience until you can afford it, or until the time is right, or until you know how to do it is one of the greatest burglars of joy. Be deliberate, but once you’ve made up your mind–jump in."- Charles R. Swindoll

Nicholas Sonnenberg is the co-founder of Leverage. His solution is to optimize, automate, and outsource everything in your life and business. He is serial entrepreneur with a passion for creating companies that disrupt the way people live. His personal mission is to help busy entrepreneurs and executives optimize their lives in a meaningful way and help them go from idea to execution in as few steps as possible. He also co-authored the book Idea To Execution.   Quotes To Remember: “Outsourcing is just one way of getting something out of your plate.” “I try to automate as much as possible.” “When I say automation, it doesn’t mean that the whole process needs to be automated. Even if you can automate one step, that is still huge.” “Fixing an error can take ten times longer than just doing it right the first time.” “Get to the core of the problem and try to solve the core of the problem.”   What You’ll Learn: Tips on finding the right employees for you How to get more out of your talented employees Know which tasks you should not delegate Know things you should automate Key Links From The Show: Nick’s Site Slack Zoom Trello Zapier Evernote Inbox by Gmail Process Street   Recommended Books: Idea to Execution by Ari Meisel and Nick Sonnenberg The 4-Hour Workweek by Timothy Ferriss Wait by by Frank Partnoy   Support Breakthrough Success On Patreon Please consider supporting Breakthrough Success on Patreon. I publish five episodes per week which I carefully prepare for, and I choose to not run ads in my podcast to enhance the listener experience. I offer my patrons various perks, and even a donation as small as $1/mo would make a big difference for growing and maintaining Breakthrough Success. You can support Breakthrough Success by going here.

I talk briefly about the book 'Wait' by Frank Partnoy. He talks about why charging hourly rate can be a tricky thing to master, and this was something I covered off in episode 2. The book mostly looks at why we procrastinate and why it's better to wait than rush in some cases. I highly recommend this book! For most of my life, I've sabotaged my own wishes and dreams because I wasn't aware of how negative my self talk was and how much impact they had on me. I explore what I've learned about my own self sabotaging tendencies, and I hope it can relate to anyone who also struggles with them. To wrap things up, I've chosen to talk about how much of an influence Anaïs Mitchell's music has on me and what it's helped me achieve.  I wasn't able to perform the song due to copyright reasons, but I'll have original music for your ears very soon.Please enjoy, and let me know if you have any feedback via hey@feiloka.com.

Frank Partnoy, professor of law and finance at the University of San Diego and author of "Wait: The Art and Science of Delay."

Actor Samuel West speaks to Samira Ahmed about the art of delay, whilst former banker Frank Partnoy argues in favour of procrastination. Will Self and Sophia McDougall reflect on A Clockwork Orange, fifty years since the novel was published. Professor Tim Spector explains how genetic research increasingly challenges previous assumptions. And film critic Melanie Williams discusses Woman in a Dressing gown, along with the film's star, Sylvia Syms.

Libby Purves is joined by Olympian Fatima Whitbread, composer Mark-Anthony Turnage, Dr Chris Bird of Medecins Sans Frontieres and former Wall Street trader turned academic, Frank Partnoy. Composer Mark-Anthony Turnage has teamed up with the charity 'Music in Prisons' to create a piece of music with inmates from HMP Lowdham Grange. The 12 minute composition 'Beyond This' will be featured as part of the Southbank Centre's New Music 20x12 programme - a weekend dedicated to music composition in the UK. Fatima Whitbread is a former British javelin thrower and multiple medal-winner. She won bronze in the 1984 Los Angeles Olympics and silver at Seoul in 1988. In her autobiography, 'Survivor', she tells how athletics became her saviour after being abandoned as a baby and a childhood spent in and out of children's homes. 'Survivor' is published by Virgin Books. Dr Chris Bird is a journalist turned paediatrician. He has just returned to the UK from a mission in the Democratic Republic of Congo with Medecins Sans Frontieres (Doctors Without Borders). Working as a foreign correspondent for the Guardian and Reuters, Chris reported on the fighting in Chechnya and the war in Kosovo. He then became a doctor to help alleviate the suffering he witnessed as a journalist. Frank Partnoy is a former Wall Street trader who is currently Professor of Law and Finance at the University of San Diego. A self-confessed procrastinator, he reveals in his new book 'Wait - The Useful Art of Procrastination' the science behind our decision-making disasters and successes at work and at home, in matters of love, and in government. Wait - The Useful Art of Procrastination' is published by Profile Books. Producer: Paula McGinley.