Patrick Byrne: What inspires you?
Patrick M. Byrne is the CEO of the Internet retailer Overstock.com. Byrne received his B.A. from Dartmouth, studied at Cambridge University as a Marshall Scholar, and earned a PhD in Philosophy from Stanford University. He co-founded Overstock.com in 1997 and became CEO in 1999. In 2005, Byrne initiated a controversial campaign against "naked short selling" in which he accused a "Sith Lord" and various financial firms of sabotaging Overstock's share price. Byrne also serves as head of First Class Education, an education lobbying group that seeks to require that 65% of all educational spending be spent "in the classroom." A strong proponent of school vouchers, Byrne spent almost four million dollars in advertising for a bill that would have given Utah residents who enroll their children in private schools taxpayer-supported subsidies. The bill lost, 62-38%.
Patrick Byrne: What inspires me? Education. I think if there is a chance – if we have a shot as a republic, it’s going to be in the education system. We blew it as a generation and the generation before us. We blew it. But if we can get the education fixed . . . system fixed, we might be able to come out of it. I mean my mom was always saying, “You stand up for what’s right with the whole world practically . . . stand for what’s right.” And the truth is most of the time the world falls on you and it crushes you. But once in a while you stand up and it falls on you and you can crack the world. And it’s all not going to matter in 50 million years. The only thing that’s going to not have faded is the form with which you live your life. So that advice . . . I mean sometimes I’m accused of being an extremist. But to me it’s almost an experiment to see what happens if you just stand up and you don’t budge for . . . And by the way there is no intellectual debate anymore about my claims on Wall Street. That whole . . . All these things have come true. The whole intellectual debate’s over. There’s conferences on Wall Street now, where a year ago when people tried to talk about this, it was academics and Wall Street guys shouting at each other. They just had the same _________ conference a few weeks ago, and that whole debate is over. Everybody gets that we’re right, that we’re right on the facts. The debate is how do you change the regulations. But the whole intellectual debate’s been won. In fact one reporter from a major news wire who is friendly to me wrote me, and I said, “When is that story gonna come about . . .?” Oh we had 1,000 stories about how crazy this guy was. And where’s the story? Well all these things have turned out to be pretty much right. And she wrote back and said, “You . . . Don’t expect it. People know it, but people aren’t gonna write that story.”
Recorded on: 10/29/07
Full faith in education as progress in the US.
How can you give and receive more productive feedback? Form a psychological contract with a trusted partner.
- Feedback is a gift, says business psychologist Dr Melanie Katzman. Giving or receiving feedback can be a formal part of our jobs, but in Dr Katzman's assessment, we often don't go far enough with feedback.
- Katzman suggests creating a psychological contract with a partner who you respect and trust. In that contract, you agree to exchange extremely honest feedback by mutual consent in a safe and trusting way.
- In this video, she lays out the rules for such a contract and how you can embark on one. This kind of feedback is not advised without a clear contract as people can feel you are going out of bounds. So be clear, be mutual, and then be extremely candid.
5 effortless, science-backed changes to your isolation workspace that will improve productivity and mental health
A clean work space, plants, and putting on the right pants all make working from home easier, according to science.
- Maintaining a proper morning routine (which involves getting dressed in work clothes) and structuring your work-from-home day as you would any other in-office workday can help boost productivity.
- Organizing your work station (the height of your desk, the use of a proper chair, the cleanliness of your work area) can also impact your mood and productivity levels.
- Adding a sense of joy and fun to your in-home work environment helps improve your mental state and work ethic, according to designer Ingrid Fetell Lee.
Learn how to negotiate like a shark. Here are Shark Tank investor Daymond John's tips for powerful communication.
- You're negotiating every day of your life, whether it's a huge business deal or something as small as getting the remote control from your partner, says Shark Tank investor Daymond John.
- Over 65 percent of communication is body language. Only seven percent is what you say. Using body language effectively is a simple way to shift power to your court during negotiations or strategically shift power over to others.
- Used-car salespeople have this down to a fine art, says John. They are the best because they listen to clues in the way potential customers talk and then they engage your senses: sight, smell, touch, sound, and taste.