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đïž Our vacation reading list
Sent from the beach
This is Nick. This is Jack. And Yetis, weâre crafting this newsletter from the sand đ€đ€ so rinse off before you head back to your desk. Jackâs on Block Island, Nickâs across the water on Nantucket. And beach vibes mean beach reads.
So? Weâre serving up our Vacay Reading List: 3 business books we canât put down right now. Want to know how we whip up the Takeaways every week? By reading books like these. So whip out your bookmarks and letâs get to it. đ
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1) Nickâs Pick: đș đ
Bitter Brew: The Rise & Fall of Anheuser-Busch by William Knoedelseder
Americaâs beer was born after the Civil War, when German immigrants Adolphus Busch and Eberhard Anheuser co-founded a brewery in St. Louis. For the next 156 years, Anheuser-Busch was No. 1 in the US beer industry. And it made them bankâas of 2020, the Busch fam was the 16th wealthiest in America.
But their real power? Marketing. And it ironically all began 100 years ago withâŠProhibition.
đą 1920: Prohibition makes alcohol illegal in the US. Budâs biz is killed overnight.
đ 1933: Prohibition ends, and Budweiser pulls off the first beer marketing stunt.
đĄ The day alcohol is re-legalized, August A. Busch, Sr. hires 12 horses (Clydesdales, just like the Bud horses you know and love today đŽ) to majestically ride a case of beer to the White House.
đ» Then he personally hands President FDR the first post-Prohibition beer. Cheers.
Their marketing moves continued. Busch Gardens theme parks? Owned/run by Bud. The St. Louis Cardinals? Owned by Bud. It was good to be a Busch. But four generations later, it became too good.
The Takeaway â
Family-led companies can become family-dead companies. By 2008, the great great great grandson was in charge. He became CEO not because he was most qualified, but because he was most Buschâand that led to Budâs demise. Today, Anheuser-Busch is based in Belgium (not St. Louis), owned by public investors (not family), and no longer lays claim to Busch Gardens and the baseball team. To learn how the Bud empire crumbled, you gotta read this book.
Full Disclosure: This is Nick, and my mom was the literary agent for the book. đ€©
2) Jackâs Pick: đ„ đ
Creativity Inc. by Ed Catmull
Jackâs son Wilder loves Disney movies (Pixar movies, specifically). But we had no idea how innovative the movie studio wasâŠand who was surprisingly behind itâŠuntil we read this book by Pixarâs co-founder.
In 1994, The Lion King won 2 Oscars. Not too shabby. But that magnificent film is a cartoonâŠthe same technology Disney had been using for 70 years. Just one year later, Pixar released Toy Storyâthe first ever fully computer-animated film. Buzz & Woody represented a jump in cinema as big as black & whiteâs jump to color.
Thatâs just the previewâŠbecause Pixar has a shockingly little-known founding story with two legends: George Lucas & Steve Jobs.
â George Lucas (yeah, as in Star Wars George Lucas) creates Pixar as part of LucasFilm. He wants to use The Force of computers to enhance the human actors in Star Wars.
1986: George is going through a divorce. Money gets tight. So he sells Pixar.
đ Steve Jobs had just been kicked out of Apple, so he buys Pixar. Nine years later, Steve takes Pixar public with an IPO.
2006: Disney acquires Pixar for over $7B (months later, Jobs unveils the iPhone).
Pixar has produced 27 filmsâwith an average box office haul of over $500M. The story of Pixar is incredible. But the lesson is even betterâŠ
The Takeaway â
Pixar achieved creativity at scale by âtrusting the process.â Creativity can be a one-hit wonder (see: Lou Begaâs Mambo No. 5). Or creativity can be scaled (see: The Beatles). Pixar is in The Beatles categoryâFinding Nemo, The Incredibles, Up, Monsters Inc.). The secret? Pixar built a system, and its creatives trusted the system. To know that system, you gotta read this book.
3) We Havenât Read Yet: đ đ§
The Bezos Blueprint by Carmine Gallo
SoooooâŠwe havenât read this book. But weâre dying to. We actually ordered it on Amazon just to be meta. Hereâs why:
Two years ago, Jeff Bezos stepped down as Amazonâs CEO. Even though Bezos is on a yacht, his rules remain at Amazon. For example: 20 years ago, Bezos banned PowerPoint at the officeâand itâs still banned at Amazon today. Why? Slides are superficial, words are substance.
In fact, Amazon is filled with Bezosâs philosophy. For example, Amazon still uses Jeffâs 16 Leadership Principles. You may know Principle No. 1, âCustomer Obsession.â Did you know about âFrugality?â
Bezos believes people are more innovative when given less, not more.
So instead of PowerPoints, Jeff required 6-page memos.
âConstraints breed resourcefulness, self-sufficiency, and invention,â he said.
Today, Jeffâs philosophy is preached to Amazonâs 1.6M employees, from execs to security guards. And that got us curious aboutâŠ
The Takeaway â
The Amazon School of Business. There was a time when Goldman Sachs popped off a rĂ©sumĂ© (youâre a number crunching machine) and a time when General Electric popped off a rĂ©sumĂ© (GE > MBA). But Amazon is the new rĂ©sumĂ©-popperâbecause youâre trained in the ways of Bezos. To find out about that education, weâre reading this book.
And one more thing. Are you reading one of these gems? Or got another business beach read we missed? Reply to this email or hit us up anytime @tboypod.
See ya back in your inbox and on the mics after Labor Day. Weâve got some lobby rolls to scarf down (hold the sand). đđ
âNick & Jack
FYI, the writers of this newsletter own stock of Disney and Amazon.
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