Explaining Southern California's economy

Steve Jobs' bad career advice isn't as bad as it sounds

Apple CEO Steve Jobs Delivers Opening Keynote At Macworld

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In 2005, Steve Jobs told college grads to never settle. Was this good or bad advice?

Steve Jobs gave a now nearly legendary commencement speech at Stanford in 2005 that has become, for many, the Gettysburg Address of commencement speeches. It's generally regarded as inspiring and direct, if a bit lacking in deep insight. But that's before you read between the lines.

A lot of times, the conversation zeroes in on a core message. As Jobs put it:

You’ve got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.

Jobs' encouraging words have set off a debate in the blogosphere, summarized at Forbes by Timothy Lee:

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Reportings: Apple and America; Friday's jobs report; Ben Stiller's compound

Premiere Of Columbia Pictures' "30 Minutes Or Less" - Red Carpet

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Ben Stiller owns as compound — yes, a compound — and he isn't afraid to sell some of it for $7.3 million.

Apple can't save America: "[E]ven if Apple remains as successful as it has been under Mr. Jobs, that success long ago decoupled from that of the broader economy. (The Economist)

 

Tomorrow's jobs numbers from the BLS are making everyone nervous. The Wall Street Journal surveys forecasts and finds that everyone predicts less than 100,000 total jobs added in September. But BNP Paribas expects another month of net zero jobs growth, leading the unemployment rate to rise to 9.2%. (WSJ)

 

Ben Stiller has sold part of his $12 million Hollywood compound. The take? $7.3 million. So does this mean that Stiller has a lot less compound? And more importantly: Ben Stiller owns a compound?! (LAT)

 

Follow Matthew DeBord and the DeBord Report on Twitter.


Photo: Kevin Winter/Getty Images Entertainment

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Steve Jobs and the California Way of Business

Steve Jobs' childhood home, with the garage where he and Steve Wozniak started Apple.

Kevork Djansezian/Getty Images

Steve Jobs' childhood home, with the garage where he and Steve Wozniak started Apple.

Apple co-founder Steve Jobs' death at 56 has provided ample opportunity to reflect on his life and his status as an American visionary, a character out of one of Apple's "Think Different" ads. But Jobs was also a Californian, and it's worth asking whether he represented a "California Way of Business."

Gov. Jerry Brown certainly thought so. This is from the Wall Street Journal, and includes Brown's reaction to Jobs' death:

California governor Jerry Brown, who knew Apple Inc.’s Steve Jobs since his first governorship when Mr. Jobs sat on a innovation commission he created, said Wednesday of the Apple co-founder’s death: “Steve Jobs was a great California innovator who demonstrated what a totally independent and creative mind can accomplish. Few people have made such a powerful and elegant imprint on our lives…"

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