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The $1 Trillion Company That Started at Denny’s
  + stars: | 2023-06-01 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nvidia-ai-chips-jensen-huang-dennys-d3226926
Persons: Dow Jones, huang
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chatgpt-ai-math-po-shen-loh-1e9f80dc
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway in 1984, left. At right, Mr. Buffett at the company’s annual shareholders meeting in Omaha, Neb. Photo: Bonnie Schiffman/Getty Images; Daniel Acker/Bloomberg NewsOne of the most successful people in the history of capitalism recently did something out of character: He proposed a theory for his own success. Warren Buffett ’s annual letter to the shareholders of Berkshire Hathaway is a chance for him to reflect on the past year. This year, he also ruminated on the past 58 years, and he managed to summarize his career in two numbers.
The Surprising Risk That Turbocharged a $142 Billion Bank Run
  + stars: | 2023-04-27 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
Tony Cookson didn’t know much about Silicon Valley Bank before Silicon Valley Bank collapsed. When the economist became curious about the bank, he already knew what happened. He wanted to know how it happened and whether it’s going to happen again. So he set out to answer what might be the most intriguing question about the bank run: Was it fueled by social media?
The Mind Behind the Music You Can’t Get Out of Your Head
  + stars: | 2023-04-20 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
Illustration: Nathan HackettWhen the Library of Congress recently enshrined the latest collection of music into the National Recording Registry, there was something for everyone on the list of hits: “Imagine” by John Lennon, “Like a Virgin” by Madonna, “Stairway to Heaven” by Led Zeppelin, “Margaritaville” by Jimmy Buffett and “All I Want For Christmas Is You” by Mariah Carey. But perhaps the most recognizable of the tunes was one with an unrecognizable title, written by someone whose name you probably haven’t heard, even though billions of people might be familiar with his work.
How the Music of ‘Super Mario Bros.’ Became a Smash Hit
  + stars: | 2023-04-20 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
Illustration: Nathan HackettWhen the Library of Congress recently enshrined the latest collection of music into the National Recording Registry, there was something for everyone on the list of hits: “Imagine” by John Lennon, “Like a Virgin” by Madonna, “Stairway to Heaven” by Led Zeppelin, “Margaritaville” by Jimmy Buffett and “All I Want For Christmas Is You” by Mariah Carey. But perhaps the most recognizable of the tunes was one with an unrecognizable title, written by someone whose name you probably haven’t heard, even though billions of people might be familiar with his work.
What Happened When the IRS Got Audited
  + stars: | 2023-04-13 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tax-irs-technology-gao-report-1dcdc87
Alan Lampel has done the same job in the same place for the same production from the very beginning of its existence. He takes a seat in a rolling chair at his desk in the back of the orchestra section of the Majestic Theater and plays the most important role that nobody should notice: He is the head electrician for “The Phantom of the Opera.”
The Business Genius in ‘Air’ Isn’t Michael Jordan
  + stars: | 2023-04-06 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
There’s a scene in the new movie “Air” that should be required viewing for any executive in any line of work. It’s a conversation between Phil Knight and Sonny Vaccaro , the characters played by Ben Affleck and Matt Damon , in which the Nike co-founder gives his company’s basketball guru the budget to sign a rookie named Michael Jordan . Before they offer him a shoe deal, Knight has one final question for Vaccaro: What’s the name of the sneaker? “Air Jordan.”
James Lam had just been hired by a new financial division of GE Capital when he walked into his boss’s office with a problem: He was ordering business cards and had no idea what to put on them. Since his position didn’t really exist, it also didn’t have a title, so he was given permission to invent one. He called himself a chief risk officer. Thirty years later, as he followed the spectacular implosion of Silicon Valley Bank, there were few people more qualified than Mr. Lam to ask two simple questions.
James Lam had just been hired by a new financial division of GE Capital when he walked into his boss’s office with a problem: He was ordering business cards and had no idea what to put on them. Since his position didn’t really exist, it also didn’t have a title, so he was given permission to invent one. He called himself a chief risk officer. Thirty years later, as he followed the spectacular implosion of Silicon Valley Bank, there were few people more qualified than Mr. Lam to ask two simple questions.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/fairleigh-dickinson-purdue-march-madness-upset-f8d4a455
Your NCAA Tournament Bracket Is a Business School in Disguise
  + stars: | 2023-03-16 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
March Madness is a delightfully inefficient market. Every year, a selection committee gathers to place a value on 68 college-basketball teams, and fans make predictions based on all sorts of information available to them. Every year, they are thrilled to be proven very wrong. And every shredded NCAA tournament bracket is a business textbook in disguise.
Your NCAA Tournament Bracket Is Packed With Business Lessons
  + stars: | 2023-03-16 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
March Madness is a delightfully inefficient market. Every year, a selection committee gathers to place a value on 68 college-basketball teams, and fans make predictions based on all sorts of information available to them. Every year, they are thrilled to be proven very wrong. And every shredded NCAA tournament bracket is a business textbook in disguise.
After graduating from Stanford University in 2000 with a degree in mechanical engineering, he worked at BMW by day and went treasure hunting at night, sifting through online car listings to discover hidden gems. He was so fanatical that Gentry Underwood, an entrepreneur and his college friend, suggested that he turn his private recommendations public. They founded a blog in 2007 as an excuse to hang out more.
What team should you pick to win the national championship? This year, that’s deceptively easy: It’s the team that has won the most national championships. UCLA has won a record 11 men’s college basketball titles. Yet this year, it’s possible that the most counterintuitive thing you can do as you fill out your 2023 NCAA tournament bracket is selecting UCLA to win a 12th.
What team should you pick to win the national championship? This year, that’s deceptively easy: It’s the team that has won the most national championships. UCLA has won a record 11 men’s college basketball titles. Yet this year, it’s possible that the most counterintuitive thing you can do as you fill out your 2023 NCAA tournament bracket is selecting UCLA to win a 12th.
Justin Felker was sitting at home last summer, staring at his computer and trying to decide how much he should pay for a car once driven by Tom Cruise . He had two minutes to make up his mind—and the clock was ticking. He was in a bidding war on Bring a Trailer, an online auction house for classic and collectible cars, and Mr. Felker had already obliterated his budget. He woke up that morning with a spending limit of $40,000. His heart was beating out of his chest as he waited to find out if that would be enough.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/oscars-tar-todd-field-big-league-chew-807721fc
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/oscars-tar-todd-field-big-league-chew-807721fc
A Balloon Engineer Explains What’s Up
  + stars: | 2023-02-18 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
There are few people anywhere in the world who have had a weirder month at work than Russ Van Der Werff. He’s in the business of high-altitude balloons. His job at a South Dakota defense contractor is to lead a team of engineers responsible for designing, building and operating the kinds of stratospheric balloons that can be used for improving telecom infrastructure, monitoring agricultural crops, responding to disasters—and spying.
Elon Musk’s New Enemy: An Army of Good Bots
  + stars: | 2023-02-16 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
That malicious image is what comes to mind when human beings think about Twitter bots. Twitter bots contain multitudes. When they post alerts about natural disasters, like @EarthquakeBot, they can be a public service. When they share adorable pictures of animals, like @PossumEveryHour, they can be a guilty pleasure. And the best of these bizarrely charming automated robots provide more value than most accounts run by real people.
The final curtain will soon fall on the longest-running show in Broadway history after 13,981 performances. Alan Lampel has been there for roughly 13,000 of them. Mr. Lampel has done the same job in the same place for the same production from the very beginning of its existence. He takes a seat in a rolling chair at his desk in the back of the orchestra section of the Majestic Theater and plays the most important role that nobody should notice: He is the head electrician for “The Phantom of the Opera.”
99% of Big Projects Fail. His Fix Starts With Legos.
  + stars: | 2023-02-02 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
One way to learn how the world’s biggest building projects work—or don’t—is to start with some of the smallest building blocks: Legos. In the 1950s, when Lego decided to make one product the centerpiece of its business, the Danish company went looking for a single toy that could be the foundation of an empire. It picked the colorful plastic bricks that have captured the imagination of children ever since. It was a wise choice. It was also a fitting corporate strategy: Lego turned a small thing into something much bigger.
The Lego Approach to Building the World’s Biggest Projects
  + stars: | 2023-02-02 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
One way to learn how the world’s biggest building projects work—or don’t—is to start with some of the smallest building blocks: Legos. In the 1950s, when Lego decided to make one product the centerpiece of its business, the Danish company went looking for a single toy that could be the foundation of an empire. It picked the colorful plastic bricks that have captured the imagination of children ever since. It was a wise choice. It was also a fitting corporate strategy: Lego turned a small thing into something much bigger.
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