Apologies for the late post, finals week + lack of sleep is a bad combo. Writing my weekly summary is a good escape and as always very fun. Thanks, and happy reading.
Information transmission is lossy. As children around the world know through the game telephone, the more people/iterations a piece of information goes through the more it gets warped. This is true of all information, even digital ones. It’s why we were taught to dissect readings during school and asked to answer those god-awful “what is the author thinking about in this passage?” SAT question (probably about his fast approaching deadline), because to convey one’s thoughts and internalize another person’s clearly is difficult.
For a piece of information to stick, though, it must also be memorable. To be memorable is to give that information a second life. The more you think about it the more it sticks and internalizes which manifests in your actions. The Compression-Expression flywheel, if you will.
I decided to revisit Sam Hinkie’s legendary letter of resignation after chancing upon his appearance in the biography of Kimberly Hampton, a combat pilot who served and was killed in Iraq. I have several things to say about both things
Hinkie featured prominently in her childhood and it was clear in the stories that the old maxim of “you are who you choose to surround yourself with” holds brilliantly true. Hinkie recalled in the book a conversation he had with her when they were kids about what it took to get to the top.
“You can let up when you get to the top,” I tried to tell her, but she just laughed. “When you get to the top you have to work even harder to stay there,” she retorted.
I’m sure Hinkie is grateful for Hampton’s friendship and advice. Their shared attitude was most certainly apparent during his tenure as the GM of the Philadelphia 76er’s. Sam Hinkie set the Sixers up for success by having the longest view in the room. He was a person with a Day 1 mindset in a Day 2 organization. The Sixers had a less than mediocre team, no young talent, and a pretty hefty balance sheet. And so he and his team hunkered down and spent the next few years, getting rid of players and contracts that didn’t fit with the long term picture, positioned themselves to acquire future talent (draft picks), and signed and indoctrinated promising prospects with new styles of innovative play. The Sixers became the worst team in the league for four seasons. Then when the next season rolled around, they tore their way into the Eastern Conference Semifinals on the backs of the second youngest roster in the league.
Hinkie was also a contrarian in a league of conformity and copy cats. While adopting a contrarian mindset isn’t always a recipe for positive outcomes, it is necessary to win in a closed system (30 teams, 1 championship) with universal restraints (salary caps, roster size, etc.). It’s like if all the funds in the world started off with a clean slate, $100,000, and are assessed on their performance at the end of the year to produce a “champion”. The conventional wisdom is that buying Amazon stock will yield good returns and many people would undoubtedly buy as much as possible. But if everyone trades Amazon stock then who wins at the end of the year? The guys who didn’t of course, and was right. Getting to the top means bucking—correctly—the trend and executing for the long view. Yes, you’ll suffer through many seasons winning sub-.300 but it means you come out with the deck stacked in your favor and a clear path towards winning a championship.
Hinkie didn’t get to see his hard work bear fruit as he was ousted before everything fell into place. But as Lin-Manuel Miranda puts it: “Legacy, what is a legacy? It’s planting seeds in a garden you never get to see.”
We knew parking in New York was awful but this just looks like an absolute nightmare. At that point why even bother owning a car? It certainly sounds like more trouble than worth it.
Space, NASA watches, air-cooled Porsche 993s, and rethinking design in women’s watches. What’s not to love?