Category: Books

Tom Watson, Jr. Managed IBM’s Rare and Successful Self-Disruption by “Transitioning the Firm to Electronic Computing”

(p. 9) Thomas J. Watson Jr. seemed, from a young age, to be destined for failure.

. . .

“He played with fire, shot animals in the nearby swamps and pilfered things from neighbors’ houses,” Ralph Watson McElvenny and Marc Wortman write in “The Greatest Capitalist Who Ever Lived,” a compelling new biography of Watson Jr.

. . .

This is far from the first book about IBM.

. . .

But this is probably the most theatrical book about IBM ever published. McElvenny, who happens to be Watson Jr.’s eldest grandson, is privy to “personal and corporate papers” and, as the endnotes mysteriously specify, many “family sources.”

. . .

“The Greatest Capitalist Who Ever Lived” is about the challenges of corporate and family succession, an essential topic given that IBM itself was the father figure to most of the computing and tech industry. Watson Sr., “the old man,” was a type familiar to our times: the tech titan who runs a large company as an extension of himself. (The IBM machine that beat the “Jeopardy!” champion Ken Jennings bears his name.) For four decades, IBM was Watson Sr.’s fief. The company “was run entirely out of one man’s breast pocket,” McElvenny and Wortman write. Watson Sr. “made all strategic decisions and most minor ones” and “delegated almost no authority.”

To his lasting credit, he did truly take care of his employees and their families in a manner that bred a strong loyalty. That said, Watson Sr. demanded conformity and could be erratic and cruel.

. . .

IBM faced a classic version of what the Harvard Business School professor Clayton Christensen has termed the “innovator’s dilemma” and what the Nobel Prize-winning economist Kenneth Arrow described as a monopoly’s disinclination to innovate. IBM was making plenty of profit on punched cards and accounting machines, its customers were happy, so why rock the boat?

Watson Jr.’s intense antipathy toward his father ended up saving IBM. Just before the United States entered World War II, Junior gained self-confidence the old-fashioned way: by joining the Army Air Corps and flying a B-24. When he eventually returned to IBM (pushed to do so by his commanding officer, Maj. Gen. Follett Bradley, who thought Watson would be wasted as an airline pilot), he became the internal champion of transitioning the firm to electronic computing. He was perhaps the only person who could oppose his father in a company built on yes men.

While the book’s title calls him “the greatest capitalist,” it might more accurately, if less ringingly, call him “the greatest manager,” for Watson Jr. was much better at delegating and using his employees’ talents.

For the full review, see:

Tim Wu. “Next-Gen.” The New York Times Book Review (Sunday, December 17, 2023): 9.

(Note: ellipses added.)

(Note: the online version of the review was updated Dec. 15, 2023, and has the title “The Father-Son Struggle That Helped Ensure IBM’s Success.”)

The book under review is:

McElvenny, Ralph Watson, and Marc Wortman. The Greatest Capitalist Who Ever Lived: Tom Watson Jr. and the Epic Story of How IBM Created the Digital Age. New York: PublicAffairs, 2023.

“We Don’t Talk Anymore About Freedom”

(p. 25) “Gorbachev will pay for his sins! I can’t stand the sight of his pig’s mug!” On a winter day early in 2001, Grigori Romanov, once the party boss of Leningrad and an odds-on favorite to take over the Kremlin, stood on a Moscow sidewalk ranting to me, a Moscow correspondent for Time magazine, about Mikhail Gorbachev.

In the spring of 1985, Romanov had famously lost his shot at the government’s top post to the prematurely balding apparatchik from Russia’s south. It was Gorbachev — “a peasant who had no right coming to the big city,” Romanov all but shouted at me — who “started this disaster.”

. . .

. . . it’s only fitting that in “The Picnic,” Matthew Longo, an American political scientist who teaches in the Netherlands, revisits in captivating detail the actions of ordinary people during that heady summer of 1989, when the Iron Curtain cracked and a magical word — “freedom” — swept across the Eastern bloc. Within two years, the Soviet empire was over.

. . .

Longo sets himself a tight focus: the “Pan-European Picnic,” a stunt of political theater — organized by “budding” oppositionists (including the future prime minister of Hungary Viktor Orban, then a 26-year-old “with wild black hair and fire in his eyes”) and encouraged by a few reform-minded Communist higher-ups — that turned into political action. The picnic, a “giant, open-air party” convened on Aug. 19, 1989, and attended by hundreds, surprised all by forcing open the barbed-wire border between Austria and Hungary.

Blending oral history and political theory (including cameos by Plato and Isaiah Berlin), Longo recounts the drama in a vivid, fast-paced narrative.  . . .  . . ., Longo’s argument rings clear: “Sometimes the most important moments in history are forged by ordinary people.”

For Longo, the picnic was a revolutionary moment, bringing not only euphoria but an estimated 600 East Germans (in Hungary on “vacation”) across the border. “The scene was utter chaos,” Longo writes. “East Germans celebrating on the other side of the line; Hungarian officers in heated conversations; Austrians walking into Hungary, Hungarians crossing into Austria.” Three months later, the Berlin Wall fell. And in August 1991 — on the second anniversary of the picnic — a crew of revanchist putschists failed miserably in Moscow, speeding the demise of the Soviet Union.

. . .

“We don’t talk anymore about freedom like we did in 1989,” Longo writes, “freedom for collectivities, continents even; freedom for people fleeing oppression, wherever it is they were coming from.” He is right.

. . .

“All nations should have the opportunity for freedom,” Gorbachev said in one of his final interviews. This may sound like wishful thinking. But it happened to be the foolhardy belief that animated the ordinary heroes of Longo’s tale, both those who acted (politicians and civilians) and, just as vitally, those who did not (border guards and party lifers, who owed all they had ever known to the status quo), as well as, not least, the “peasant” who rose to the Kremlin.

For the full review, see:

Andrew Meier. “Bringing Down the Curtain.” The New York Times Book Review (Sunday, November 19, 2023): 25.

(Note: ellipses added.)

(Note: the online version of the review has the date Nov. 5, 2023, and has the title “The ‘Picnic’ That Brought Down the Iron Curtain.”)

The book under review is:

Longo, Matthew. The Picnic: A Dream of Freedom and the Collapse of the Iron Curtain. New York: W. W. Norton & Company, 2023.

With Repeated Experiences We Establish “a Personal Relationship” with Technological Tools

In a philosophy course that our daughter Jenny took at Notre Dame, a reading or two suggested that repeated experience with technologies make them almost extensions of our own senses, expanding what Ed Yong (quoting others) calls our “umwelt” (which I think means the scope of the sensory world we can experience). My guess is that pilot Brian Shul (who is discussed below) experienced this after many hours piloting the SR-71 Blackbird. If this is an important phenomenon, and I think it is, then it increases even further the diversity of what Hayek called “local knowledge” and what Polanyi called “tacit knowledge.”

(p. A17) Brian Shul, a retired Air Force major who modestly described himself as “a survivor” rather than a hero after he was downed in a Vietnamese jungle, suffering near-fatal injuries, before rebounding to pilot the world’s fastest spy plane, died on May 20 [2023] in Reno, Nev.

. . .

His final assignment, before he retired in 1990 after a two-decade military career, was piloting the SR-71, the world’s highest-flying jet.

The aircraft, nicknamed the Blackbird and deployed to monitor Soviet nuclear submarines and missile sites, as well as to undertake reconnaissance missions over Libya, could soar to 85,000 feet, fly at more than three times the speed of sound and survey 100,000 square miles of the Earth’s surface in a single hour.

“To fly this jet, and fly it well, meant establishing a personal relationship with a fusion of titanium, fuel, stick and throttles,” Major Shul wrote in his book “Sled Driver: Flying the World’s Fastest Jet” (1991), invoking the detractive nickname that U-2 pilots had pinned on their faster Blackbird counterparts. “It meant feeling the airplane came alive and had a personality all her own.”

Major Shul piloted the Blackbird for 2,000 hours over four years.

. . .

The Lockheed SR-71 soared so high into the mid-stratosphere that its crew was outfitted in spacesuits, and it flew so swiftly that it could outpace missiles.

“We were the fastest guys on the block and loved reminding our fellow aviators of this fact,” Major Shul wrote.

. . .

In Vietnam, he was a foreign air adviser during the war, piloting support missions in conjunction with the Central Intelligence Agency’s Air America, which flew reconnaissance, rescue and logistical support missions for the military.

When his aircraft was attacked, he crash-landed in the jungle, where he was rescued by a Special Forces team and evacuated to Okinawa, Japan. Doctors there predicted that his burns would prove fatal.

. . .

. . . one day, while lying in bed, he heard children playing soccer and, as he remembered being their age, the radio began to play Judy Garland’s “Over the Rainbow.”

“You listen to the words to that song — it’s all about daring to dream,” Major Shul said in a speech at the Lawrence Livermore National Laboratory in California in 2016.

“I heard the words of that song for the first time that day,” he continued. “They penetrated my brain sharper than any scalpel they were using, and I could look out the window and see the other side of the rainbow and those kids, and I made a choice. I made a decision right then. I am going to try to eat the food tomorrow. I want to live. I’m going to try to survive.”

For the full obituary, see:

Sam Roberts. “Brian Shul, Fighter Pilot Who Flew World’s Fastest Plane, Dies at 75.” The New York Times (Saturday, June 3, 2023): A17.

(Note: ellipses, and bracketed year, added.)

(Note: the online version of the obituary was updated June 8 [sic], 2023, and has the title “Brian Shul Dies at 75; Fighter Pilot Who Flew World’s Fastest Plane.”)

The Shul autobiography quoted in a passage above is:

Shul, Brian. Sled Driver: Flying the World’s Fastest Jet. 2nd ed. Chico, CA: MACH 1, Inc., 1991. [I am not sure the year is right in this citation. Maybe it should be 1992. I have not seen a copy of the book, and citations online are inconsistent.]

The Yong book I mention at the start is:

Yong, Ed. An Immense World: How Animal Senses Reveal the Hidden Realms around Us. New York: Random House, 2022.

Milken’s Junk Bond Innovation “Opened Up Cheaper and More Efficient Financing”

(p. A15) In “Witness to a Prosecution,” Mr. Sandler, a childhood friend who was Mr. Milken’s personal lawyer at the time, walks the reader through Mr. Milken’s 30-plus year legal odyssey, beginning in 1986 with the federal government’s investigation, followed by his indictment, plea bargain, and prison term, right through to his pardon by President Donald Trump in 2020. The author tells a convincing and concerning story of how the government targeted a largely innocent man and, when presented with proof of that innocence, refused to turn away from a bad case.

. . .

After reading Mr. Sandler’s account, I no longer believe in Mr. Milken’s guilt, and neither should you. The author argues that most of what we know about Mr. Milken’s misdeeds is grossly exaggerated, if not downright wrong. What the government was able to prove in the court of law, as opposed to the court of public opinion, were mere regulatory infractions: “aiding and abetting” a client’s failure to file an accurate stock-ownership form with the SEC, a violation of broker-dealer reporting requirements, assisting with the filing of a false tax return. There was no insider-trading charge involving Mr. Boesky or anyone else, because the feds couldn’t prove one.

. . .

When you digest the reality of the case against Mr. Milken, you find that much of it was nonsense. As Mr. Sandler puts it: “The nature of prosecution and the technicality and uniqueness of the regulatory violations . . . certainly never would have been pursued had Michael not been so successful in disrupting the traditional way business was done on Wall Street.”

. . .

The junk-bond market he helped create has opened up cheaper and more efficient financing to many more companies than it ever destroyed. What started as a $10 billion market is now standing at around $1.4 trillion.

For the full review, see:

Charles Gasparino. “The Milken Story Revisited.” The Wall Street Journal (Monday, Dec. 18, 2023): A15.

(Note: ellipses between paragraphs added, ellipsis internal to penultimate quoted paragraph in original.)

(Note: the online version of the review has the date December 17, 2023, and has the title “BOOKSHELF; ‘Witness to a Prosecution’ Review: The Milken Story Revisited.”)

The book under review is:

Sandler, Richard V. Witness to a Prosecution: The Myth of Michael Milken. ForbesBooks: Charleston, South Carolina, 2023.

British Colonial Authorities in India “Eased Out” Vaccine Innovator

(p. 19) The story of Waldemar Mordechai Wolff Haffkine, little told in the West beyond the world of bacteriology and within the annals of Judaica, is thrilling in its nobility and verve, and it might have better served Schama’s purpose had he devoted the entire book to the tale of a man he so clearly adores.

. . .

He was born in Odessa in 1860, and as a teenager was set to defending his community from the endless Russian pogroms. In time he moved to Switzerland and then to France, where he trained at the Pasteur Institute and, after studying paramecium, threw his energies into the scourge of cholera. He treated himself with an experimental vaccine and took off to India in 1893 to see how it worked.

That it did, brilliantly, and by today’s reckoning his invention saved millions. His more remarkable eventual success came five years later with a vaccine for eradicating bubonic plague.

Schama — by his own admission no biologist — describes the painstaking method of making a plague vaccine with enthralling technical precision. He writes of the gentle and respectful means of extracting the noxious fluids from the swollen buboes that dangled in the intimate parts of the infected and the dying; of the subsequent culturation process, in ghee-covered flasks of goat broth — no cow or pig could be used, since the vaccines would be given to Hindu and Muslim alike — and then of the nurturing of the resulting silky threads that held the trove of bacilli, ready to be injected.

Notwithstanding Haffkine’s immense contribution to India’s public health, the British colonial authorities, haughty and racist by turn, eventually wearied of the man. Their own means of dealing with infection had, after all, relied on brawn and bombast — the wholesale destruction of villages, the eviction of natives, the smothering of everything with lime and carbolic acid. Such schemes had generally failed, and it irritated the burra sahibs that a foreigner, and moreover a keen adherent to an alien belief, could succeed where they had not.

And so Haffkine was eased out, first from his Calcutta laboratory across to Bombay, and then out of the empire’s crown jewel altogether. He later went to Lausanne, where he would spend his final years.

For the full review, see:

Simon Winchester. “The Vaccinator.” The New York Times Book Review (Sunday, November 5, 2023): 19.

(Note: ellipsis added. In the original only the words “burra sahibs” are in italics.)

(Note: the online version of the review was updated Oct. 28, 2023, and has the title “Not All Heroes Wear Capes. Some Prefer Lab Coats.”)

The book under review is:

Schama, Simon. Foreign Bodies: Pandemics, Vaccines, and the Health of Nations. New York: Ecco Press, 2023.

Cancel Culture Chills “Ideologically Diverse Speech”

(p. C15) Given my concern about illiberal pressures on free speech emanating from both ends of the ideological spectrum, my favorite books embody constructive pushback. “The Canceling of the American Mind,” co-authored by Greg Lukianoff, the president of FIRE (Foundation for Individual Rights and Expression), and the journalist Rikki Schlott, documents the cancel-culture tactics, wielded by left and right alike, that unduly chill ideologically diverse speech.

For the full review, see:

Nadine Strossen. “12 Months of Reading: Nadine Strossen.” The Wall Street Journal (Saturday, December 9, 2023): C15.

(Note: ellipses, and bracketed words, added.)

(Note: the online version of the review has the date December 8, 2023, and has the title “Who Read What in 2023: Political Voices and Policy Makers: Nadine Strossen.”)

The book praised by the former president of the American Civil Liberties Union (ACLU) is:

Lukianoff, Greg, and Rikki Schlott. The Canceling of the American Mind: Cancel Culture Undermines Trust and Threatens Us All―-But There Is a Solution. New York: Simon & Schuster, 2023.

The Orthodox Establishment Did Not Understand Michael Milken’s Brilliantly Disruptive Innovations

(p. C13) I . . . ended [the year] with . . . with Richard Sandler’s “Witness to a Prosecution: The Myth of Michael Milken.”

. . .

Mr. Milken’s brilliance led to investments in companies that the “establishment” ignored. When those companies generated outsize returns, there was more interest in trying to find wrongdoing than in understanding his innovative approach to investing.  . . . disrupting established orthodoxies is difficult and . . . the rules established by social structures are riddled with biases that can end up undermining the public good.

For the full review, see:

Nina Rees. “12 Months of Reading: Nina Rees.” The Wall Street Journal (Saturday, December 9, 2023): C13.

(Note: ellipses, and bracketed words, added.)

(Note: the online version of the review has the date December 8, 2023, and has the title “Who Read What in 2023: Political Voices and Policy Makers: Nina Rees.”)

The new book on Michael Milken praised above is:

Sandler, Richard V. Witness to a Prosecution: The Myth of Michael Milken. ForbesBooks: Charleston, South Carolina, 2023.

A book on Milken that I found convincing many years ago is:

Kornbluth, Jesse. Highly Confident: The Crime and Punishment of Michael Milken. New York: William Morrow & Co., 1992.

Temple Grandin Admires Elon Musk and Long Knew He Was on the Autism Spectrum

Professor Temple Grandin identifies as autistic and has written on what we can learn from the cognitively diverse. In the passages quoted below, she refers to the May 2021 Saturday Night Live hosted by Elon Musk in which he said he had Asperger’s syndrome.

(p. C7) I have always admired Elon Musk’s engineering of rockets and cars. I loved his cool space suits and how he made a rocket booster land upright. My must-read book is Walter Isaacson’s “Elon Musk.” Previously I had read Ashlee Vance’s book about Mr. Musk. It still has Post-it Notes stuck on it: I marked the pages that made me sure he was on the autism spectrum. I had to keep it to myself until he made his announcement on “Saturday Night Live.”

For the full review, see:

Temple Grandin. “12 Months of Reading: Temple Grandin.” The Wall Street Journal (Saturday, December 9, 2023): C7.

(Note: ellipsis added.)

(Note: the online version of the review has the date December 8, 2023, and has the title “Who Read What in 2023: Leaders in Business, Science and Technology: Temple Grandin.”)

The Elon Musk books Temple Grandin praises are:

Isaacson, Walter. Elon Musk. New York: Simon & Schuster, 2023.

Vance, Ashlee. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future. New York: Ecco, 2015.

Global Warming Can Allow a “Sudden Efflorescence” of Adaptation from Dormant “Sleeping Beauties”

Above the title of the book review quoted below, the Wall Street Journal printed a few lines from a poem by Baudelaire:

Many a jewel of untold worth
Lies slumbering at the core of Earth
In darkness and oblivion drowned . . .
–Charles Baudelaire, “Le Guignon”

(p. C12) In his new book, Mr. [Andreas] Wagner, a professor at the Department of Evolutionary Biology and Environmental Studies at the University of Zurich, showcases biological “sleeping beauties”: animals, plants, even bacteria that for generations plugged along with modest evolutionary success, only to later flourish spectacularly. “Sleeping Beauties: The Mystery of Dormant Innovations in Nature and Culture” explains how evolutionary adaptations sometimes go from dormancy to full flowering, while also suggesting that an analogous process applies to human innovations, including science, technology and the arts.

. . .

First we need to recall that not every biological trait an organism possesses is optimal for its current environment. The swim bladder, for example, evolved in fish as an aid to adjusting buoyancy, only later becoming the basis for lungs when their descendants became terrestrial. And the human appendix currently appears to be more an evolutionary liability than an asset, although it may well have conveyed immunologic benefits in the past—and could even prove adaptive in the future. Certain traits may develop that are not immediately adaptive, in the sense of contributing directly to the reproductive success of the genes responsible for the trait and of the individuals carrying them.

If an organism develops a characteristic maladapted to its environment, it and the genes responsible for the trait are selected away into oblivion. But if the novelty is not particularly harmful, or even somewhat helpful, the trait may simply hang around through the generations—until a descendant organism finds a welcoming environmental niche.

The natural world is filled with solutions awaiting a problem.  . . .  But when environments change (and they always do), a wonderful and lively explosion can ensue.

Mr. Wagner refers to this sudden efflorescence as “adaptive radiation”—“only with a key innovation,” he writes, “can a species exploit existing opportunities, such as a warmer climate, a new source of food, or a superior form of shelter. In this view, any one adaptive radiation has to wait, possibly for a long time, until the right innovation arises. And the need to wait holds evolution back.”

In regard to evolutionary developments that at first seem to bear no fruit, Mr. Wagner could have quoted from Thomas Gray’s “Elegy Written in a Country Churchyard”:

Full many a gem of purest ray serene,
The dark unfathom’d caves of ocean bear:
Full many a flow’r is born to blush unseen,
And waste its sweetness on the desert air.

In the world of human creativity, “full many” a terrific creation has been neglected or ignored in its time.

For the full review, see:

David P. Barash. “In Praise of Late Bloomers.” The Wall Street Journal (Saturday, April 29, 2023): C12.

(Note: ellipses, and bracketed name, added, except for first one at the end of quoted passage from Baudelaire.)

(Note: the online version of the review has the date April 28, 2023, and has the title “‘Sleeping Beauties’ Review: Nature’s Late Bloomers.”)

The book under review is:

Wagner, Andreas. Sleeping Beauties: The Mystery of Dormant Innovations in Nature and Culture. London: Oneworld Publications, 2023.

Independent Bookstores Shun Wuhan Book by Independent Robert F. Kennedy Jr.

I am generally not as skeptical of the safety and efficacy of vaccines as is Robert F. Kennedy Jr. But I strongly believe in the right to free speech. And I believe that truth in general, and truth in science in particular, advance fastest when we defend free speech and open discussion.

(p. B3) Independent presidential candidate Robert F. Kennedy Jr. is a member of the most famous political family in the U.S. and a bestselling author. But it may be hard to find his newest book at the local bookstore when it comes out next week [on Dec. 5, 2023].

Some booksellers have decided not to stock Kennedy’s latest, “The Wuhan Cover-Up and the Terrifying Bioweapons Arms Race,” citing concerns about the author’s past positions.

. . .

Kennedy expressed disappointment that independent bookstores may not be stocking his new book. “Independent bookstores are the traditional bulwarks against corporate propaganda and government censorship,” he said.

Kennedy, the nephew of the late president John F. Kennedy and son of the late attorney general and senator Robert F. Kennedy, has become a vocal critic of U.S. government agencies, in particular their response to the coronavirus pandemic.

. . .

In an interview, Kennedy, 69 years old, said he thinks “The Wuhan Cover-Up” will appeal to anybody interested in learning more about the origins of Covid-19 as well as foreign-policy issues.

. . .

The Federal Bureau of Investigation and Energy Department have said that a “laboratory-related incident” was most likely responsible for the pandemic, while other agencies believe natural infection was the cause.

For the full story, see:

Jeffrey A. Trachtenberg and Eliza Collins. “Small Bookstores Shun RFK Jr.’s Coming Book.” The Wall Street Journal (Wednesday, Nov. 29, 2023): B3.

(Note: ellipses, and bracketed date, added.)

(Note: the online version of the story has the date November 28, 2023, and has the title “Small Bookstores Shun Robert F. Kennedy Jr.’s Upcoming Book.”)

The book shunned by many independent bookstores is:

Kennedy, Robert F. , Jr. The Wuhan Cover-Up: And the Terrifying Bioweapons Arms Race. New York: Skyhorse Publishing, Inc., 2023.

Stigler’s Account of Friedman’s “Exhilarating” Conversion of 20 Chicago Economists to Coase’s Theorem

(p. C8) Although he never reached the renown of his lifelong friend Milton Friedman, George Stigler was a founding member of the Chicago school of economics. His charming and readable memoir—really a linked series of vignettes—recounts his time at Chicago, from graduate school to professor.

. . .

Riveting accounts of notable moments in the history of economic thought include the “Coase conversion evening”—a long argument that ended with Friedman convincing 20 economists to embrace a founding theorem of the law and economics movement. “What an exhilarating event,” Stigler recalls. “I lamented afterward that we had not had the clairvoyance to tape it.”

For the full review, see:

Jennifer Burns. “Five Best on Biographies of Economists.” The Wall Street Journal (Saturday, November 4, 2023): C8.

(Note: ellipsis added.)

(Note: the online version of the review has the date November 3, 2023, and has the title “Five Best: Lives of Economists.”)

The book under review is:

Stigler, George J. Memoirs of an Unregulated Economist. New York: Basic Books, Inc., 1988.