Business Books Reveal a Billionaire Obsession: Two Book Reviews by Prof. Jonathan A. Knee, Columbia Business School
by
Jonathan A. Knee is professor of professional practice in business at Columbia Business School and a senior adviser at Evercore Partners.
Reporter: Aviva Lev-Ari, PhD, RN
Comments posted in the New York Times
Kevin Fisher
Boston 3 days ago
To state that there is a billionaire obsession points to a sad state of affairs for society. Success is one thing but motivation simply to amass a fortune is abhorrent.
Value creation from the relentless focus on small, continuous improvements will produce long lasting renewed impact, not not simply creating a billionaire but generating wealth for many stakeholders. “The fetishism of billionaires and billion-dollar ideas reflected in both of these books is far more likely to destroy than create value.”
What the lack of commonality merely reflects that becoming a billionaire requires tremendous LUCK.
The authors show a lack of fundamental understanding in that if you search hard enough for correlation, you will falsely find one. There are millions of possible correlations and if you look hard enough, you can “find” one. That finding does not, however, make it valid.
Or think of it another way:If 300 million Americans try each year, random chance says a few will succeed.
RELATED articles
Stream of Foreign Wealth Flows to Elite New York Real Estate
Summary: The Hidden Money Buying Up New York Real Estate
Capital in the Twenty-First Century MP3 CD – Audiobook, MP3 Audio, Unabridged
Leave a Reply