From Chapter 7, "Tolerating Risk- Being a Doer, Not a Dreamer" in Ingredients of Outliers Years ago, in the Funky Winkerbean comic strip, Tony, the owner of the local pizza joint, is giving some business advice to the teenaged Funky and his friends. I don’t remember the exact words, but Tony explains to them that the way to make a small fortune in business is—to start out with a large fortune. By the way, the same holds true in aviation. The standing joke is that if you want to make a lot of money in aviation, start with a lot of money. Just ask Frank Lorenzo, former CEO of bankrupt … [Read more...]
A Month of Contrasts
This has been a month of contrasts. On Friday, after a 3 week trial, our emergency medicine group received a defense verdict in a wrongful death, medical negligence case. The circumstances surrounding the death of the patient are murky at best. The long and the short of it is that the patient took what turned out to be fatal doses of Methadone. Whether intentional or not, the loss of life of a 21 year old is tragic and painful for all involved. Elation and Sorrow: After 2 years of angst, hundreds of hours of preparation and hundreds of thousands of dollars in costs and legal fees, our group … [Read more...]