#29 The HP Way: How Bill Hewlett and I Built Our Company
What I learned from reading The HP Way: How Bill Hewlett and I Built Our Company by David Packard.
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[0:01] How Steve Jobs was inspired by David Packard
[1:00] Books are the original hyperlinks
[4:30] Profit is the measure of how well we work together
[9:00] HP's first product
[11:00] Podcasts before podcasts
[14:00] Many of the things I learned in this process were invaluable, and not available in business schools
[15:00] More businesses die from indigestion than starvation
[16:30] The importance of maintaining a narrow focus
[20:00] Growth from profit
[21:00] Lessons from the Great Depression = No long term debt
[26:30] A Maverick's persistence
[29:00] How to avoid layoffs in a recession
[30:20] Employees should outgrow you
[31:00] The perils of centralization
[35:00] Closing with optimism
