Hennessy's View

Domine, non sum dignus

It Can Happen Again—The Big Short Movie

“You know how when you walk into a post office you realize there is such a difference between a government employee and other people,” said Vinny. “The ratings agency people were all like government employees.” The Big Short: Inside the Doomsday Machine (movie tie-in) (Movie Tie-in Editions) (p. 156). W. W. Norton & Company. Kindle Edition. I wanted to blame the government. Like millions of American conservatives, I had developed a powerful narrative of the way the world works. Read more →

What We Learned from Milton Friedman

I am a big fan of Milton Friedman. I’m also becoming a big fan of Creating Shared Value. Some believe the two values are inconsistent, but I disagree. In 2005, Reason Magazine posted an online debate between Friedman and Whole Foods Market CEO John Mackey. The debate coincided with the 35th anniversary of Friedmans’ famous The New York Times Magazine article entitled: : “The Social Responsibility of Business Is to Increase Its Profits. Read more →

Generation Conflicted

In the tech world, I meet a lot of brilliant, ambitious, hardworking entrepreneurs. These folks are committed to their dreams, working 100+ hour weeks, and paying themselves as little as possible. They stretch investors’ dollars to the limit and hunt for more VC to make dreams come true. They want to create jobs and better lives for many. Over drinks, these young capitalists talk about three things: Easier access to capital. Read more →