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The Carlos Slim 3 -day week is a great idea

Carlos Slim’s proposal that we work a three-day week sounds crazy. But many, in 1922, thought Henry Ford crazy when he announced that his staff would work a five-day week.

Our working week seems normal to us because it is what we have always known and what everyone else does. In much, but not all, of the world, Saturdays and Sundays are days off. But if you are old enough, you can remember when it was normal for people to work on Saturday mornings too.

So could Mr Slim, the Mexican telecoms boss and the world’s second-richest man, be heralding a change in working life to match Ford’s?

He certainly could be for those he was most concerned about when he made his three-day-week statement at a business conference in Paraguay: the workers who are not ready to retire.

As Mr Slim said, it no longer makes sense for people to stop working in their fifties or sixties when they may still have up to a third of their lives ahead of them. (more…)

Why we need to go back to Mars

Planetary scientist Joel Levine shows some intriguing — and puzzling — new discoveries about Mars: craters full of ice, traces of ancient oceans, and compelling hints at the presence, sometime in the past, of life. He makes the case for going back to Mars to find out more.

The Essence of Success

Charles Dow used to counsel that no individual should ever be promoted if they hadn’t made a large error at some point. Phil Fisher used to insist only in investing in those stocks that had management teams willing to make big mistakes. If they didn’t make mistakes, they wouldn’t also take the risks required for success. Is this the essence of success? How does a corporate management team, upon the fruition of such errors, survive being “stopped out” of their positions in today’s hair twitch paradigm? Is being expropriated from your career rather than your capital not the bigger risk today? And thus can it only be stocks with founder, family or veto shareholdings that make for truly great growth stocks today? Should not Tim Cook undertake an LBO with the Qataris?

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