Everything Jim Collins said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Collins: Pioneering innovators rarely win; scaling the right innovations matters
“There's very little evidence that the pioneering innovators win. And what we found instead is that it's not being innovative that matters. It's the ability to scale the right innovations.”
Collins: History shows zero correlation between consensus and smart decisions
“Another big thing we learned is, near as I can tell, there is no correlation between consensus decisions and intelligent decisions. In the history of corporate history, most great decisions are taken where there's still substantial disagreement still in the ai…”
Collins: Holding a traditional corporate job is a high-risk, undiversified bet
“What's a job? It's all your eggs in one basket. You basically have made a highly undiversified portfolio bet. Oh, and by the way, you have very little control over it. You're exposed to, if it turns out that the people running the company are idiots, or they m…”
Collins: The most successful companies alter only 20% of their operating recipe
“One set of companies changes the recipe about 80% over, say, 30 years, and the other changes the recipe about 20%. Which group is the more successful companies? The 20% change. Which surprised us. We thought that what you would find is that the companies that …”
Collins: The split between entrepreneurs and company builders is a myth
“They, that myth that there's an entrepreneur and there's a company builder and they're different animals is simply wrong. It's the, it's a simply a matter of choice and do you decide to become that?”
Collins: Great organizations begin with brutal facts, not a vision
“One of the key things we learned in Good to Great was this notion of you don't start with a vision. You start with confronting the brutal facts. And this ability, this very stoic ability to just simply say, let's begin with the very best accounting of the brut…”
Collins: Enduring companies did not have better data than failed peers
“The answer is we can find no evidence that they had that, or that they even necessarily had better analysis. So then you have to step back and say, well, it's not necessarily that they have better information. It's not necessarily that they had better data. It…”
Collins: Investing in proven, scaling flywheels beats trying to predict nascent ones
“But I don't think you want to find a flywheel at only 10 turns. If it's a great flywheel, So maybe we'll talk in a minute about the Amazon flywheel, because that's what stimulated me further thinking about Amazon. Would it be so bad to pick up a flywheel when …”
Collins: Data shows 10X winners were not luckier than comparison companies
“And then, look at all that data, and what you find, what we found, is that If anything, the comparisons were luckier, but it wasn't strong enough to make that case, so we'll call it a wash. Essentially, if you wanted to argue that the ones who beat their compa…”
Collins: Bad luck can kill companies, but good luck cannot create greatness
“Luck is asymmetric as a cause. We cannot make the case of luck as the cause of a great company in any of our research. It's more of the flywheel effect over time, and return on luck, capitalizing on things, and cumulative, right? So good luck cannot cause a gr…”
Collins: Turbulent environments heighten the value of consistent 20-mile marching
“The more turbulent the environment, the greater the results accrue to those that have a twenty-mile march and stay consecutively with consistency on the their 20 mile march.”
Collins: Great companies collapse from overreaching, not complacency
“Almost none of our, the companies we studied that were great companies that fell, fell because of complacency. They fell because of overreaching.”
Collins: Leading molecular biologists insisted synthetic genetic toggle switches were impossible
“We had talked to about six or seven very serious molecular biologists who told us this couldn't happen, this couldn't work. They said for it to work, you're going to have to have a very tight off state, two very tight off states. That's going to be impossible.…”
Collins: Single-gene knockout attribution is absurd from a systems standpoint
“I maintain that in almost every biology experiment paper I've read, they've never had the controls that I'd like to see. Which is the idea that you can knock out a gene and that what's lacking and now can be attributed to the gene is absurd from a system stand…”
Collins: Synthetic biology currently lacks established quantitative design principles
“A major challenge in engineering biology, and more broadly, specifically synthetic biology, is that we don't really know the design principles.”
Collins: Platform bio startups target tech VCs; product startups target biotech VCs
“The platform companies in this place are playing to the technology investors. And the product companies are playing more toward the traditional biotech investors.”
Collins: The 21st century will be the century of synthetic biology
“I think in many ways this century is going to be the century of biology, and really to put point on it, I think it's going to be the century of synthetic biology”
Collins: 'Do what you love and money follows' is untrue
“There's that saying, you know, do what you love, do what you're passionate about, the money will follow. And that actually really isn't true.”
Collins: Working from home isolates you and kills career serendipity
“And so if you're just working at home, isolated from everyone, the chances you're going to have a marvelous random bumping are small.”
Collins: Focusing on personal legacy is a complete waste of time
“I used to believe that thinking about your legacy would be a worthwhile use of time.
I no longer believe that at all.
I think it's far more important to think about the responsibilities you choose right in front of yourself to make good on while you're here.”
Jim Collins: Leadership cannot be taught, but it can be learned
“I don't know if you can teach leadership, but I'm pretty sure you can learn it. And I think that distinction is key. I think it's very arrogant to say that you or I or anyone else could take someone and I'm going to teach you leadership. But I've watched peopl…”
Jim Collins: Defaulting to trust attracts better people and improves behavior
“There is far more upside in an opening bid of trust than And there is far more downside in an opening bid of mistrust. It all goes to the question of people. If you really basically want to have your life, whether they be people in your company, whether they p…”
Collins: The key variable in entrepreneurship is starting, not succeeding once started
“So what that really means is the real swing variable in being an entrepreneur is the probability that you will start, not the probability that you will succeed if you start.”
Collins: Early Steve Jobs could not have achieved Apple's second-era success
“And one of the things that I think is a great message of Steve Jobs' life, if you watch the arc, is there was a Steve Jobs, one point O and a Steve Jobs, two point O. And most people only know the one point O because all the sort of immature behavior from when…”