#67 Jim Collins: Keeping the Flywheel in Motion

The Knowledge Project with Shane Parrish

Farnam Street

Business, Investing, Entrepreneurship

4.7 • 2.9K Ratings

🗓️ 1 October 2019

⏱️ 143 minutes

🔗️ Recording | iTunes | RSS

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Summary

An earnest student and powerful teacher, mega best-selling author Jim Collins goes under the hood and shows what all enduring companies have in common. We talk luck, leadership, and business longevity.

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Transcript

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0:00.0	Here's the interesting thing about luck.
0:02.7	Luck is asymmetric as a cause.
0:05.5	Bad luck can kill you, but good luck cannot make you great.
0:10.5	Hello and welcome.
0:20.9	I'm Shane Parrish and this is The Knowledge Project, a podcast exploring the ideas, methods
0:25.4	and mental models that help you master the best of what other people have already figured
0:30.0	to learn more and stay up to date on new episodes go to fs.blogslashpodcast.
0:35.3	Furnham Street also puts together a weekly newsletter that I think you'll love.
0:38.6	It's called Brain Food and it comes out every Sunday.
0:41.6	Much like this podcast, it's high signal, timeless and mind expanded.
0:45.4	You can read what you're missing at fs.blogslashnewsletter.
0:50.2	Today I'm speaking with Jim Collins.
0:52.2	Jim is the author or co-author of books like Bill to Last, Good to Great, How the Mighty
0:57.4	Fall, Great by Choice and Turning the Flywheel.
1:00.3	Together I think they've sold over 10 million copies and you've likely heard of one if not
1:04.9	all of them.
1:06.4	This conversation is amazing and detailed.
1:09.8	We start with an understanding of how Steve Jobs helped him teach at Stanford and go
1:13.8	on to explore what makes companies and people successful using the lenses of level five
1:18.2	leadership, flywheels, bullets and cannonballs, the 20 mile march, compounding and so much
1:23.5	more.
1:24.5	We also talk about why companies fail.
	...

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