#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. --- [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

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