Benevolent Dictators

| July 6, 2009

Over this Independence Day weekend, I was thinking about how one of our defining traits as Americans is our strong emphasis on the individual. I’ve written about the benefits of partnering with someone who complements your perfect pitch so that you can be free to play to your strengths. Dennis Albaugh, the richest man in Des Moines, Iowa, told me, “I have always hired people who are smarter than I am.” I heard this refrain from virtually every RMIT I interviewed: selecting the right team, the right employees, and the best advisers is essential to their success. But make no mistake—there can only be one king.

Take the Easy Way In

| June 26, 2009

Our Puritan work ethic dictates that we have to strive to overcome our weaknesses, face our deficits head on, take the bull by the horns. Well, that’s bull. If you can stay away from the things that don’t bring you joy and excitement, that aren’t of interest to you, you free yourself to use your strengths. If you’re not a numbers person, you shouldn’t be an accountant. If you can’t play guitar, forget being a rock star. If you aren’t good at basketball, don’t dream of your day in the NBA. RMITs divest themselves of the things they don’t naturally excel at, enjoy, or find emotionally and intellectually stimulating. They seek more pleasure, less pain.

Blond. James Blond.

| June 5, 2009

Jonathan Nelson learned the power of harnessing your unique talents in a music class in college, and it has served him well. He barely passed the class—appreciating Beethoven is harder when you don’t have perfect pitch—but now, as CEO of Providence Equity Partners, he is not only the richest man in Providence, he is the wealthiest man in the state. (It may be the smallest state in the Union, but there’s still some Texas-size money in Rhode Island; Nelson is worth at least $2 billion.) PEP acquired the movie studio MGM a few years ago, and the big question, he told me, was “What would we do with James Bond—who will be the next Bond?”

The Richest Man in Town on Fox and Friends

| June 3, 2009