Between the Noise🎯 #17: Open-Minded vs Close-Minded People, Making of Azim Premji: The Philanthropist
Interesting article showing direct comparison between Open & Closed minded people in different situations. How people in these categories behave in Challenging Ideas, give Statement v/s Questions, focusing on understanding, when to shut up, and more.
Closed-minded people don’t want their ideas challenged. They are typically frustrated that they can’t get the other person to agree with them instead of curious as to why the other person disagrees.
Long read on what has happened after Malaysia’s airplane MH370 went missing in 2014. So many insightful facts on investigations carried out after the incident, how independent engineers & scientists helped, how an individual guy also helped by roaming around beaches to find debris from crash. How the main pilot of the flight, Zaharie, is considered for performing a hijacking from within, it was also found he earlier used simulator at his house for a flight profile roughly matching that of MH370.
How Azim Premji shifted from building India’s top IT company to doing philanthropy work for almost 2 decades. Very few businessman does what Azim Premji has done - he has set the example that all the business income need not go to your family, it can be spent entirely for society in structured manner too.
The endowment now owns 14% of the promoter’s shareholding in Wipro and also has economic ownership or the right to receive all money earned from 53% of promoter shares. This means the endowment gets money earned from 67% of promoter shares in Wipro, leaving Premji, his wife Yasmeen Premji, and two sons, Rishad and Tariq, with monetary gains from only 7% of their 74% equity in Wipro.
In this podcast, Vidit shares journey of Meesho. How they initially launched a product to help re sellers by taking them online to changing their product to focus on people who wants to make any sort of secondary income - housewives, students, retired people. Meesho’s 80% of users are from Tier 2,3 or below cities & 70% of users are housewives.(Link)
Every year Mary Meeker releases Internet Trends report discussing latest trends in Internet & Technology. This year’s report has 333 pages. This thread from Sajith Pai (@sajithpai) summaries it very well.
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