Organizational Dysfunction
+ Predicting the Future is Hard
"Slow success builds character, fast success builds ego." - Ratan Tata
Hey Coaches,
Here you go!
✍️ Articles
Woody Johnson’s Jets: ‘Madden’ ratings, a lost season and ‘the most dysfunctional place imaginable’ - Most of the time, what I share here (and what we all read) is about what the top organizations and people do. This article is a masterclass on organizational dysfunction and what not to do. (click here if it’s behind a paywall)
The New York Jets’ owner was at his house in Palm Beach, Fla., last February, discussing potential offseason acquisitions with team decision-makers as they watched game tape. Wide receiver Jerry Jeudy, a former Denver Broncos first-round pick, flashed on the screen. Jets general manager Joe Douglas expressed interest, according to someone familiar with the meeting. Johnson took out his phone and started typing.
A few weeks later, Douglas and his Broncos counterpart, George Paton, were deep in negotiations for a trade that would have sent Jeudy to the Jets and given future Hall of Fame quarterback Aaron Rodgers another potential playmaker. The Broncos felt a deal was near. Then, abruptly, it all fell apart. In Denver’s executive offices, they couldn’t believe the reason why.
Douglas told the Broncos that Johnson didn’t want to make the trade because the owner felt Jeudy’s player rating in “Madden NFL,” the popular video game, wasn’t high enough, according to multiple league sources. The Broncos ultimately traded the receiver to the Cleveland Browns. Last Sunday, Jeudy crossed the 1,000-yard receiving mark for the first time in his career.
Advice on Life and Creative Integrity from Calvin and Hobbes Creator Bill Watterson - This shares blurbs from a 1990 commencement address by the creator of Calvin and Hobbes.
“A playful mind is inquisitive, and learning is fun. If you indulge your natural curiosity and retain a sense of fun in new experience, I think you’ll find it functions as a sort of shock absorber for the bumpy road ahead.”
🎙️ Podcast
**Highly Recommend** Bonus Episode-The Psychology of Human Misjudgement-Charlie Munger - Warren Buffett’s #2 Charlie Munger gave a famous speech that is worth revisiting and I learned it was in podcast form last week. I’ve listened a few times and always get something new. You can read the updated version he published before he passed away. [76 minutes] Apple
My First Million: How to plan an epic 2025, without setting goals | Jesse Itzler: Serial entrepreneur (& Atlanta Hawks minority owner) Jesse Itzler shares some ideas on how to be proactive and get 2025 off to a big start. [12/16/24 - 59 minutes] Apple | Spotify | YouTube
💭 Miscellaneous
Predicting the Future is Hard: Example 500
Every year, Wall Street Banks predict what the stock market will return in the next calendar year. The chart below shows the largest banks’ annual forecasts over the last seven years compared to its actual performance (light green line).
The amount of money and brain power that goes into predicting the Fed Funds rate is…a lot. The chart below shows the actual rate over time (solid line) compared to what the market predicts the future direction will be (hair lines). Again, predicting the future is hard.
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