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Tuesday, September 6, 2011

Steve Jobs: America's Greatest Failure

Lots of interest in decoding what made Steve Job successful, since he announced he was stepping down as Apple CEO.

Nick Schulz's take is especially interesting. He says it was the string of failures that eventually forged the successful Steve Jobs.

Nick Schulz /AEI.org:
Steve Jobs: America's Greatest Failure -- Glory is sometimes born of catastrophe...

All those successes were made possible by failure after failure after failure and the lessons learned from those failures.

There's a moral here for a Washington culture that fears failure too much. In today's Washington, large banks aren't permitted to fail; nor are large auto firms. Next up will be too-big-to-fail hospital systems. Steve Jobs is a reminder that failure is a good and necessary thing. And that sometimes the greatest glories are born of catastrophe.
The following quote also comes to mind:
Capitalism without bankruptcy is like Christianity without hell... — Frank Borman

A very interesting video series about the career of Steve Jobs.

The Passion of the Jobs - Chapter 1

The Passion of the Jobs - Chapter 2

The Passion of the Jobs - Chapter 3

The Passion of the Jobs - Chapter 4

The Passion of the Jobs - Chapter 5

The Passion of the Jobs - Chapter 6

Calculated Risk

MishTalk - Mike Shedlock

Paul Krugman - NY Times

The Big Picture - Barry Ritholtz

naked capitalism - Yves Smith

Pragmatic Capitalism

Washington's Blog

Safe Haven

Paper Economy

The Daily Reckoning - Australia