Supermoney, greed first

Reading WTF by Tim O’Reilly. A chapter about Supermoney.

The Price/Earnings ratio of Amazon is 188. That mean that for every $1 profit, there is $188 in stock value. Facebook’s is 64, Google’s 29.5. Uber’s in infinite: market capitalisation of $68 billion and zero profit.

These companies have huge investment capabilities with this Supermoney.

But, one promise broken (expectation not met) and a huge value is lost. Which is inevitable. A pyramid scheme, betting on unworldly growth expectations.

Greed first.

Tom Peters – The Pursuit of WOW!

the pursuit of wow by tom peters - book cover

After reading 163 Little Big Things, one more fantastic book by Tom Peters, stuffed full of illustrated advice: The Pursuit of WOW! 

Style like a hammer. Straight forward, what I like in Peters as I do in writers like Nicholas Nassim Taleb and James Altucher. Like James Altucher, Tom Peters’ lists are lovely exhaustingly long.

The write up of the conversations in the book are not such a big attraction to me. I found them not very entertaining and I started skipping pages. (Reading mcust be fun, or I will start skipping pages or the entire book.)

Peters is very nicely unconventional. Hates pretence. Hates arrogance. Loves to talk to the people on the floor.

For a non-fiction writer he advertises fiction books wholeheartedly.

Fiction beats nonfiction. Avoid nonfiction! It’s too unrealistic. Lately I’ve reveled in Paul Bowles, Heinrich Böll, Julian Barnes, and Max Frisch, among others. Nothing conveys the richness of life in quite the same way as a great novel.

What is great Peters is not afraid to quote researchers (who) that have found the work of some organisational advisors, amongst which Peters and Waterman totally useless.

Fantastics Reading List. A freaking good book.

Do! Experimentation over analysis.

The first 99.9 percent of getting from here to there is the determination to do it and not to compromise, no matter what sort of roadblocks those around you (including peers) erect.”

What does all this add up to? It’s what I call the difference between doing something “for” the market, and being part “of” the market. “For” firms depend on data collection and manipulation, detached analysis, elaborate market plans, and planner-designer-marketers versed in the latest B-school techniques. “Of” firms seek out zany employees with out-of-the-ordinary views, nurture a spirit of adventure, cherish instinct and intuition, and dote on things that have never been tried before.

Love this one: pounding this all the time, and quoting Steve Jobs as well: “Customers do not know what they want.”
Tom Peters is a bit more elegant:

Competitive businesses must lead their customers. The prospective buyer can’t tell you what she likes until she has used it and lived with it.

Good Books.
Running a One-Person Business by Claude Whitmyer, Salli Rasberry, and Michael Phillips.

Solutions are to the point:

…understanding that the more apparently mundane-humdrum the product (or service), the better the chance that DESIGN MINDFULNESS can revolutionize it (BECAUSE MOST IDIOTS DONT GET IT)

Details matter.

“It’s the Loo, Dummy!”

Paying specialists more than managers.

“Did Moses have a secret Eleventh Commandment that said that bosses have to be paid more than the people that report to them?”

On corporate procrastination.

“A good deal of corporate planning … is like a ritual rain dance,” wrote Dartmouth’s Brian Quinn. “It has no effect on the weather that follows, but those who engage in it think it does…. Moreover, much of the advice related to corporate planning is directed at improving the dancing, not the weather.”

“The object of business is not to be lean and mean, not to reorganize and then re-engineer. The object of business is to invent, to grow—and add to employment over time.”

On self-organisation.

“Changing a culture of dependence to a culture of self-organizing independence is hard work. But at least what I’m reporting here suggests that it doesn’t go against the human grain.”

Self organisation has largely failed because appropriate tools are not in place. It is often a short-sighted cost cutting operation where administrative roles have been moved to the daily work of staff. I remember all the (otherwise billable) hours I spent booking a business trip. Or doing my expenses and fight the expense reimbursement teams in the Philippines (outsourced of course, with strict rules and no authorization so make decisions) to get my money back. Tools should be in place before starting self organisation.

Corporatism. Seen it in real life.

“No, I don’t envy for a moment the laid-off, 52-year-old middle manager who’s spent his entire career in the womb called IBM. My life, my house-painter friend’s life, the life of any independent contractor looms as a frightening and unnerving prospect to him.”

“Getting good at any damn thing takes work; getting artful takes hard, continuous work. Bikes, skates, sailboats, gardening … and computers. So don’t wait for tomorrow, hoping that the arrival of the no-brainer computer will make you a facile member of the 21st-century technology club in the space of a few minutes.”

Books and more books… A massive library of Peters’ sources.

Jobs roles forget them. Engagement is key. Also or maybe especially for roles serving internal customers. Getting to know your (internal) customers is the most important thing.

“Eliminate all job descriptions. NOW. (Today.) Destroy all organizational charts. NOW. (Today.) Have all top corporate/divisional managers pledge two days per month to customer visits (puny, really), two days per month to supplier and distributor visits. Make sure that every person in the organization makes at least two customer visits a year.”

Be always ready to change. Change. Be curious. Crazy. Naive.

“If people never did silly things, nothing intelligent would ever get done.” L. Wittgenstein

Jugaad and Michael Wolf’s bastard chairs

Jugaad is a term for wonderful low-tech innovative solutions. It originates from India where a large part of the population is still very poor but tries to make the best of the scarce resources they have.

jugaad: garden chair in car
jugaad: vacuum as hand rail
jugaad meat grinder from drill

Jugaad reminds me of the bastard chairs that Michael Wolf photographed in Hong Kong. Wonderfully simple and cheap solutions. Sort of jugaad too.

michael wolf bastard chair
michael wolf bastard chair

Chim in Joods Historisch Museum Amsterdam

A large exposition in Joods Historisch Museum in Amsterdam of the work of David “Chim” Seymour. On show is an extensive display of his work, covering all stages of his life. From his youth in Poland (born as Dawid Szymin) to last photos during the Suez War, where he was killed by gunfire.

woman with two babies in bags, by chim david seymour

Leads you intensively through the 30s, 40s and early 50s, showing Chim’s impressive work and sometimes iconic pictures.

Exhibition ends 10 March 2019.

I Will Be Wolf – Bertien van Manen

I will be wolf - Bertien van Manen - book cover

I Will Be Wolf – Bertien van Manen’s Debut Masterpiece

Published in 1975, I Will Be Wolf marks the remarkable debut of Dutch photographer Bertien van Manen. This photobook offers an intimate glimpse into everyday life through Van Manen’s distinctive lens.

A European Answer to The Americans

Van Manen’s work in I Will Be Wolf clearly shows the influence of Robert Frank’s iconic The Americans, yet it carves out its own unique territory. Where Frank’s vision was often critical and confrontational, Van Manen approaches her subjects with warmth and gentleness. Her photographs reveal a more compassionate eye, one that observes rather than judges.

The book exudes a wonderful freshness that remains striking nearly five decades later. Van Manen’s street photography demonstrates she had studied not only Robert Frank but also William Eggleston’s groundbreaking color work. Like Eggleston, she possesses a certain shyness in her approach to photography.

The Art of Subtle Observation

What makes I Will Be Wolf particularly compelling is Van Manen’s technique of maintaining distance. Many photographs capture people from behind, often taken from afar with views deliberately obstructed by poles, window frames, and architectural elements. This aesthetic choice creates layers of meaning – the viewer becomes a quiet observer, much like the photographer herself.

This restrained approach doesn’t diminish the power of the images. Instead, it adds an layer of intimacy and authenticity. Van Manen’s subjects inhabit their own worlds, unaware or unconcerned with the camera’s presence. The result is photography that feels genuine and unforced.

Why I Will Be Wolf Matters

For collectors and students of photobooks, I Will Be Wolf represents an essential piece of Dutch photography history. It showcases Van Manen’s early vision before she went on to create celebrated works like East Wind West Wind and A Hundred Summers, A Hundred Winters.

The book demonstrates that European street photography in the 1970s could be both influenced by American masters and distinctly its own. Van Manen found her voice early, and this debut remains as relevant and engaging today as when it first appeared.

Conclusion

I Will Be Wolf is a photobook that rewards careful attention, revealing more with each viewing. For anyone interested in documentary photography, Dutch photography, or the evolution of the photobook as an art form, Bertien van Manen’s debut is essential viewing.

photo from I will be wolf - Bertien van Manen