“I’m not that interested in space,” John F Kennedy told the head of Nasa, James Webb, in a private meeting at the White House in 1962. “I think it’s good, I think we ought to know about it, we’re ready to spend reasonable amounts of money but we’re talking about these fantastic expenditures which wreck our budget.”
In the U.K. there’s old money, really old money and then there’s C. Hoare & Co.
The London firm was started in 1672 by Richard Hoare and has tended to the affairs of diarist Samuel Pepys, poet Lord Byron and novelist Jane Austen. That’s almost a hundred years older than the famous Rothschild dynasty, which was founded in the 1760s. After more than three centuries of continuous operation, the family still runs the show, overseeing about 4.4 billion pounds ($5.6 billion) of deposits and sticking to a traditional way of doing business.
Though one size never fits all, this seems like a very solid framework to build upon.
This is the reality Lore is still struggling to get Walmart’s entire executive team and board to accept, though sources say McMillon also acknowledges it: E-commerce in the US is becoming a “winner take all” industry. Or, at a minimum, a “winner take most” market.
If you were to go to southern Italy, you wouldn’t find people saying “gabagool.” But some of the old quirks of the old languages survived into the accents of Standard Italian used there. In Sicily or Calabria, you might indeed find someone ordering “mutzadell.” In their own weird way, Jersey (and New York and Rhode Island and Philadelphia) Italians are keeping the flame of their languages alive even better than Italian-Italians. There’s something both a little silly and a little wonderful about someone who doesn’t even speak the language putting on an antiquated accent for a dead sub-language to order some cheese.
An interesting story on what an API-first approach can enable.