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Indra Nooyi, Investing Principles and Uncertainty in Decision-Making

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Good morning to all new and old readers! Here is your Wednesday edition of Faster Than Normal, exploring one short story about a person, a company, a high-performance tool, a trend I’m watching closely, and curated media to help you build businesses, wealth, and the most important asset of all: yourself.
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Today’s edition:
> Stories: Indra Nooyi & JBL
> High-performance: Investing principles
> Insights: Plow through rejection
> Tactical: Uncertainty in decision-making
> 1 Question: Untapped
Cheers,
Alex
P.S. Send me feedback on how we can improve. I respond to every email.
Stories of Excellence
Person: Indra Nooyi
Indra Nooyi, former CEO of PepsiCo, is a trailblazing business leader. Born in Chennai, India, she moved to the US for her MBA at Yale. Nooyi joined PepsiCo in 1994 and became CEO in 2006. During her 12-year tenure, PepsiCo's net revenue grew by 80% to $63.5 billion. She championed healthier product options and sustainability initiatives. Nooyi faced challenges as a woman of color in a male-dominated industry. "I'm a bit of a rebel," she said. Her leadership style blended strategic thinking with empathy. After stepping down in 2018, Nooyi joined Amazon's board and wrote a memoir. She continues to advocate for work-life balance and women in business.
Key Lessons from Indra Nooyi:
On vision: "If you want to improve the organization, you have to improve yourself and the organization gets pulled up with you."
On work ethic: Nooyi is known for her intense work ethic and attention to detail. "I pick up the details that drive the organization insane. But sweating the details is more important than anything else."
On confidence: Nooyi stressed the importance of speaking up. "You can be very, very competent, but if you're not willing to speak out, have confidence based on your knowledge, what's the point?"
Company: JBL
JBL, founded in 1946 by James Bullough Lansing, has a rich history in audio innovation. Lansing, an engineer with experience at Altec Lansing, started the company in Los Angeles with $10,000 of his own money. Initially focused on loudspeaker manufacturing, JBL quickly gained recognition for its high-quality sound systems. A pivotal moment came in 1969 when the company was acquired by Sidney Harman's Harman International for $8 million. This acquisition fueled JBL's expansion into consumer audio products. By the 1970s, JBL had become a household name in professional audio, powering major music venues and recording studios. In 2017, Samsung Electronics acquired Harman International, including JBL, for $8 billion, further solidifying JBL's position in the global audio market.
Key Lessons from JBL:
On market adaptation: Read the room. JBL's shift towards portable and lifestyle audio products in the 2000s showed its ability to evolve with consumer preferences. Markets change. So should you.
On quality over quantity: Build a reputation for excellence. JBL's early focus on high-quality sound systems set them apart. People remember - and pay for - exceptional products.
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Insights
Charles R. Schwab on overcoming rejection:
"I quickly learned that if I kept at it and plowed right through the rejections I would eventually get somebody to buy my wares."
Tactical reads
⎯
> When dealing with uncertainty in decision-making
Not sure? (Read it here)
> When studying Amazon's business philosophy
Jeff Bezos on why it's always Day 1 at Amazon (Read it here)
1 question
What aesthetic is no one capturing?
That’s all for today, folks. As always, please give me your feedback. Which section is your favourite? What do you want to see more or less of? Other suggestions? Please let me know.
Have a wonderful rest of week, all.
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