Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

Send feedback

What is it?
Screenshots, up to 3 (optional)
or paste one with Ctrl+V

We use your email only to reply to you.

Augustine's Laws

Augustine's Laws

Norman R. Augustine
1983
T2 Open Librarygoodreads

Insider satire-with-data on defence programme cost growth.

Summary

Augustine ran Martin Marietta and later Lockheed Martin, and served as Under Secretary of the Army. He wrote fifty-two numbered laws about the defense industry and about management generally, each supported by data he assembled and presented with deliberate humour.

The best-known is the sixteenth law, which extrapolates the growth in unit cost of American tactical aircraft. Augustine plotted the cost of successive fighter generations on a logarithmic scale, found a straight line, and observed that if the trend continued the entire defense budget would buy exactly one aircraft in 2054, to be shared between the Air Force and the Navy on alternate days. The point is serious: unit costs of complex weapons have risen far faster than inflation or than budgets, and the resulting quantities fall toward numbers too small to be militarily useful.

Other laws address the same territory with the same method. He shows that the last ten per cent of performance generates one third of the cost and two thirds of the problems, that programme cost estimates are systematically optimistic and grow as programmes proceed, that software costs came to dominate hardware costs, that reducing quantities to save money raises unit cost and eventually saves nothing, and that organisations expand their staff independent of the work available.

The data collection is real and the underlying observations have held. Augustine's cost curve has continued roughly on trend through the F-22 and F-35 programmes, which is the strongest possible support. The book's format, with jokes and cartoons throughout, causes some readers to underrate the analysis. It is dated in its examples, since everything is drawn from the 1960s to the early 1980s, and it does not address the post-Cold War consolidation of the defense industry that Augustine himself led.

Key takeaways 7

  1. Unit costs of military aircraft have risen exponentially for decades, faster than budgets, which forces quantities toward militarily useless numbers.
  2. The final ten per cent of specified performance accounts for roughly a third of programme cost and most of the technical problems.
  3. Programme cost estimates are optimistic at approval and rise systematically thereafter, and this is a structural feature rather than an error.
  4. Cutting the quantity purchased to save money raises unit cost, which produces further cuts and eventually saves nothing.
  5. Software displaced hardware as the dominant cost element in complex systems earlier than the industry recognised.
  6. Organisations add administrative staff at rates unrelated to the amount of work to be done.
  7. Requirements written to cover every contingency guarantee that the resulting system is late, expensive and produced in inadequate numbers.

Who should read it

Anyone working in or investing in defense and complex systems programmes, and managers who want data-supported observations about cost growth and requirements creep.

Similar books 6

Chosen by shared topics, the entries that hold them, and the people who recommended both.

Peter F. Drucker · 2003

Selections on community and society

Peter F. Drucker · 1979

A memoir told through portraits of the people the author knew, from Vienna on.

Recommended by: Mohnish Pabrai, Stewart Brand

Robert Coram · 2002

The definitive account of John Boyd and the OODA loop. Boyd's contribution was to show that strategy is fundamentally about time and adaptation: the side that observes, orients, decides, and acts faster keeps the opponent reacting rather than acting. His ideas crossed into business, software, and lean manufacturing.

Jim Collins, Jerry I. Porras · 1994

What eighteen long-lived companies did differently from close rivals in their fields.

Where it sits in the reference 4

Business themes
Industries
Secular themes
Business themes

Topics

Business and Management