Famous Partnership Quotes

My house was built by a partnership called Desire and Ignorance; they often work together, and always with disastrous consequences. It’s surprising they aren’t more talked of in the press. They are great survivors but incompetent builders. Desire is famous only for pursuing pleasure and avoiding pain, while Ignorance casts a veil over all his unexamined assumptions and makes wrong ones every hour. Together, they created the psychological reality where I live. Hardly a surprise, therefore, if it’s unfit for purpose!

Before he got famous for being a sexual degenerate, Louis C.K. said this dumb thing about marriage: 'Divorce is always good news because no good marriage has ever ended in divorce.' The reality is that every marriage is a partnership of two broken assholes with good intentions and varying degrees of ability to deliver. Marriage is as much a mystery to me now as the origins of the universe and the laws that govern the behavior of matter. What makes one work is just as strange as what makes one not. But I possess more information now than I had when this all began. We both do. Lauren has had to come to terms with some difficult truths, such as how her husband has grown a mustache, and I have had to grapple with other truths, such as how my wife left me for the human equivalent of Diet Mountain Dew.

Ireland, like Ukraine, is a largely rural country which suffers from its proximity to a more powerful industrialised neighbour. Ireland’s contribution to the history of tractors is the genius engineer Harry Ferguson, who was born in 1884, near Belfast. Ferguson was a clever and mischievous man, who also had a passion for aviation. It is said that he was the first man in Great Britain to build and fly his own aircraft in 1909. But he soon came to believe that improving efficiency of food production would be his unique service to mankind. Harry Ferguson’s first two-furrow plough was attached to the chassis of the Ford Model T car converted into a tractor, aptly named Eros. This plough was mounted on the rear of the tractor, and through ingenious use of balance springs it could be raised or lowered by the driver using a lever beside his seat. Ford, meanwhile, was developing its own tractors. The Ferguson design was more advanced, and made use of hydraulic linkage, but Ferguson knew that despite his engineering genius, he could not achieve his dream on his own. He needed a larger company to produce his design. So he made an informal agreement with Henry Ford, sealed only by a handshake. This Ford-Ferguson partnership gave to the world a new type of Fordson tractor far superior to any that had been known before, and the precursor of all modern-type tractors. However, this agreement by a handshake collapsed in 1947 when Henry Ford II took over the empire of his father, and started to produce a new Ford 8N tractor, using the Ferguson system. Ferguson’s open and cheerful nature was no match for the ruthless mentality of the American businessman. The matter was decided in court in 1951. Ferguson claimed $240 million, but was awarded only $9.25 million. Undaunted in spirit, Ferguson had a new idea. He approached the Standard Motor Company at Coventry with a plan, to adapt the Vanguard car for use as tractor. But this design had to be modified, because petrol was still rationed in the post-war period. The biggest challenge for Ferguson was the move from petrol-driven to diesel-driven engines and his success gave rise to the famous TE-20, of which more than half a million were built in the UK. Ferguson will be remembered for bringing together two great engineering stories of our time, the tractor and the family car, agriculture and transport, both of which have contributed so richly to the well-being of mankind.

Freud famously saw the ‘horror’ of Medusa’s head as a symbol of male castration, but the original trauma in the Medusa story is not castration but rape. Most scholars and historians dismiss Poseidon’s rape of Medusa as an insignificant detail, merely one among so many rapes of mortal, immortal and semi-divine women committed by male gods. However, myths which glorify rape as a strategy ‘to enact the principle of domination by means of sex’ are comparatively recent, becoming widespread in Attica around the 5th century BCE. It is likely that myths celebrating rape reflect a devastating historical shift in cultural values, the change from a society based on equality and partnership to a hierarchical structure based on unequal distribution of resources and the need to control women’s sexuality. Joseph Campbell describes the myth of Perseus and Medusa as reflecting ‘an actual historic rupture, a sort of sociological trauma’ which occurred in the early thirteenth century B.C.E. The myth may refer to the overrunning of the peaceful, sedentary, matrifocal and most likely matrilineal early civilizations of Old Europe by patriarchal warlike Indo-European invaders.

Einstein said it most famously: ‘Science without religion is lame; religion without science is blind.’1

Third, the idea that venture capitalists get into deals on the strength of their brands can be exaggerated. A deal seen by a partner at Sequoia will also be seen by rivals at other firms: in a fragmented cottage industry, there is no lack of competition. Often, winning the deal depends on skill as much as brand: it’s about understanding the business model well enough to impress the entrepreneur; it’s about judging what valuation might be reasonable. One careful tally concluded that new or emerging venture partnerships capture around half the gains in the top deals, and there are myriad examples of famous VCs having a chance to invest and then flubbing it.[6] Andreessen Horowitz passed on Uber. Its brand could not save it. Peter Thiel was an early investor in Stripe. He lacked the conviction to invest as much as Sequoia. As to the idea that branded venture partnerships have the “privilege” of participating in supposedly less risky late-stage investment rounds, this depends from deal to deal. A unicorn’s momentum usually translates into an extremely high price for its shares. In the cases of Uber and especially WeWork, some late-stage investors lost millions. Fourth, the anti-skill thesis underplays venture capitalists’ contributions to portfolio companies. Admittedly, these contributions can be difficult to pin down. Starting with Arthur Rock, who chaired the board of Intel for thirty-three years, most venture capitalists have avoided the limelight. They are the coaches, not the athletes. But this book has excavated multiple cases in which VC coaching made all the difference. Don Valentine rescued Atari and then Cisco from chaos. Peter Barris of NEA saw how UUNET could become the new GE Information Services. John Doerr persuaded the Googlers to work with Eric Schmidt. Ben Horowitz steered Nicira and Okta through their formative moments. To be sure, stories of venture capitalists guiding portfolio companies may exaggerate VCs’ importance: in at least some of these cases, the founders might have solved their own problems without advice from their investors. But quantitative research suggests that venture capitalists do make a positive impact: studies repeatedly find that startups backed by high-quality VCs are more likely to succeed than others.[7] A quirky contribution to this literature looks at what happens when airline routes make it easier for a venture capitalist to visit a startup. When the trip becomes simpler, the startup performs better.[8]

Ruth and Elliot’s unique partnership established many of its patterns in those early days. She had an optimistic view no matter the situation and kept Elliot’s spirits up. She had a boisterous adventurism that pulled him along, and he had a quiet, steady, unwavering love for her. At the end of their workdays, there was much to talk, share, and dream about.

One of these trades could have been right out of the pages of Beat the Market. In 1970 the American Telephone and Telegraph Company (AT&T) sold warrants to purchase thirty-one million shares of common stock at a price of $12.50 per share. Proceeds to the company were some $387.5 million, at the time the most ever for a warrant. Though it was not sufficiently mispriced then, the history of how warrant prices behaved indicated this could happen before it expired in 1975. When it did we bet a significant part of the partnership’s net worth. — We were guided in this trade and thousands of others by a formula that had its beginnings in 1900 in the PhD thesis of French mathematician Louis Bachelier. Bachelier used mathematics to develop a theory for pricing options on the Paris stock exchange (the Bourse). His thesis adviser, the world-famous mathematician Henri Poincaré, didn’t value Bachelier’s effort, and Bachelier spent the rest of his life as an obscure provincial professor.

Tolstoy’s point is subtle and substantive. When people begin to lose their religious convictions, often the first thing they stop doing is observing religious rituals. The last thing they lose is their moral beliefs. A whole generation of mid-Victorian English intellectuals, most famously George Eliot and Matthew Arnold, lost their Christian faith but held fast to their Christian ethics.13 But that, implies Tolstoy, cannot last for ever. New generations appear for whom the old moral constraints no longer make sense, and they go. Moralities may be a long time dying but, absent the faith on which they are based,

Numerous Monroe protégés formed their own groups performing in his style. The most famous were Lester Flatt and Earl Scruggs, respectively the guitarist-lead vocalist and the banjo picker who were core members of the classic Blue Grass Boys lineup of the late 1940s. They left to form the tremendously successful partnership of Flatt and Scruggs & the Foggy Mountain Boys, gaining crossover fame in the 1960s by contributing music to the soundtracks of the Beverly Hillbillies television show and the movie Bonnie and Clyde.