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When Talent Started Driving Economic Growth

Harvard Business Review

I came out of a standard Keynesian economics education at Harvard College in 1979. In 1976, the famous LBO firm KKR was formed and starting charging its clients 2% of assets under management and 20% of the upside they created for their clients, opening the door to massive wealth accumulation for high-flying fund management talent.

LBO 9
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Timing of Innovation – Getting the Odds on Your Side

Innovation Excellence

If you manage to get the timing just right, your innovations will obviously benefit from huge tailwinds when entire industries are transitioning from the old to the new with you riding at the top of the wave. When it comes to innovation, there are countless ways things might go wrong.