Been learning about Ben Franklin’s organization and enjoyment of small discussion groups. Some call these “salons” but Franklin called his the Leather Apron Club, or Junto. He formalized it in 1727 in Philadelphia for the goal of mutual improvement.
From his autobiography:
The group was originally twelve strong and drew from diverse occupations and backgrounds. Every Friday they’d gather to discuss morality, politics, philosophy, science, and business. And every three months, each member was required to share an essay on any topic of his choosing.
The rules were simple: intellectual honesty and humility, a generous interpretation of others' ideas, and a response that encouraged. (Sounds like Twitter, eh?)
Here were the questions that sparked conversation:
1) Have you met with any thing in the author you last read, remarkable, or suitable to be communicated to the Junto? Particularly in history, morality, poetry, physics, travels, mechanic arts, or other parts of knowledge?
2) What new story have you lately heard agreeable for telling in conversation?
3) Has any citizen in your knowledge failed in his business lately, and what have you heard of the cause?
4) Have you lately heard of any citizen's thriving well, and by what means?
5) Have you lately heard how any present rich man, here or elsewhere, got his estate?
6) Do you know of any fellow citizen, who has lately done a worthy action, deserving praise and imitation? Or who has committed an error proper for us to be warned against and avoid?
7) What unhappy effects of intemperance have you lately observed or heard? Of imprudence? Of passion? Or of any other vice or folly?
8) What happy effects of temperance? Of prudence? Of moderation? Or of any other virtue?
9) Have you or any of your acquaintance been lately sick or wounded? If so, what remedies were used, and what were their effects?
10) Who do you know that are shortly going on voyages or journeys, if one should have occasion to send by them?
11) Do you think of any thing at present, in which the Junto may be serviceable to mankind? To their country, to their friends, or to themselves?
12) Hath any deserving stranger arrived in town since last meeting, that you heard of? And what have you heard or observed of his character or merits? and whether think you, it lies in the power of the Junto to oblige him, or encourage him as he deserves?
13) Do you know of any deserving young beginner lately set up, whom it lies in the power of the Junto any way to encourage?
14) Have you lately observed any defect in the laws, of which it would be proper to move the legislature an amendment? Or do you know of any beneficial law that is wanting?
15) Have you lately observed any encroachment on the just liberties of the people?
16) Hath any body attacked your reputation lately? And what can the Junto do towards securing it?
17) Is there any man whose friendship you want, and which the Junto, or any of them, can procure for you?
18) Have you lately heard any member's character attacked, and how have you defended it?
19) Hath any man injured you, from whom it is in the power of the Junto to procure redress?
20) In what manner can the Junto, or any of them, assist you in any of your honorable designs?
21) Have you any weighty affair in hand, in which you think the advice of the Junto may be of service?
22) What benefits have you lately received from any man not present?
23) Is there any difficulty in matters of opinion, of justice, and injustice, which you would gladly have discussed at this time?
24) Do you see any thing amiss in the present customs or proceedings of the Junto, which might be amended?
Out of the meetings came proposals for the creation of the first lending library, the Union Fire Company, the University of Pennsylvania, volunteer militia, and Pennsylvania Hospital, among many other public projects.
Imagine the individual benefits and benefits to society of finding a small group of highly trusted friends from diverse backgrounds dedicated to self-exploration, mutual improvement, and generosity? Something worth pondering.
Happy Junto-ing.
/fin
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The Christmas story is either true or false. It describes God becoming human to rescue his beloved people, including you, or it’s the greatest hoax of all time. You must choose.
Jesus leaves no room to be merely a good teacher, or your occasional helper. He is nothing or God.
Jesus repeatedly and continually claimed to be God and the king of the universe, the incarnation of Yahweh, the God of the Jews and the God described in what Christians now call the “Old Testament.”
Jesus said he was the fulfillment of God’s promises and prophecies.
Antonio is right. Utopic visions and reality are incompatible.
But the source is important. SF isn't guided by Christian ethics, but instead French enlightenment logic. One sees people as broken in need of a savior. The other as a blank slate damaged by society.
The Bible is anything but utopic, which is one reason I was attracted to it as an atheist.
It’s the gritty account of reality. Its heroes are image bearers, but a herd of morons who God works through. Sound familiar? Sure does to me. And, as a moron myself, it gives me hope.
Contrast with 18th c. enlightenment optimism and confidence, the fruit of which is 19th c. terror, the bloodiest century in history.
Man’s replacement of God ushered in the politics of pure power.
Here's Aleksandr Solzhenitsyn from his Templeton Prize for Progress speech:
When partners and friends do well, it’s cause for celebration.
WashU's recent investment performance is incredible, but doesn’t surprise me. It felt inevitable based on our work with them (they’re @permanentequity’s largest investor).
In 2017 @ajkurki reached out after reading something I had written about long-term investing. We had a nice chat and I remember his subsequent handwritten note.
Embarrassingly, I didn’t think that university endowments would have any interest in investing with a group like us.
In fact, I didn’t even ping @ajkurki when we decided to raise our first fund after @patrick_oshag talked me into it.
When we announced our first fundraise, Adam reached back out. @timhanso and I got lunch with him and a colleague in St. Louis while in town for a game.
Over the past week, I’ve gotten lots of questions about @CapitalCamp, which took place this past week in Columbia, MO.
What is it? Why? Why there? Who?
Figured a thread might save some time and help attract the likeminded. Here’s the scoop:
In 2017 I was sitting in a hotel ballroom sipping on bad coffee surrounded by an army of blue blazers waiting to take down a rubber chicken lunch.
No one seemed happy, but hey, conferences aren’t supposed to be fun. It’s work, right?
I got back and called my friend @patrick_oshag about a crazy idea.
What if we put on an investing conference that was informative and enjoyable? What if we took people out of their element, got casual, and gave people the opportunity to form meaningful relationships?
We often get questions about how @PermanentEquity works with companies post-close, especially as we’ve scaled. Who's involved? What roles do they play?
Thread about growth, governance, and opportunities, including a senior-level role to join our team and manage a portfolio:
Before diving in, it’s important to know how we’re different.
Unlike traditional PE, we don't use debt, buy with no intention of selling, and never have a 90-day plan. We try to listen and learn how we can be good partners.
We also don’t use boards of directors.
While boards can add a variety of skillsets and perspectives, they also can quickly devolve into a hairball of misaligned incentives, poor communication, and chaotic decision-making.
We have a dual hook-in structure post close with a financial partner and a portfolio partner.
What Farbood is articulating is a classic secular materialist worldview, and one that I previously shared.
Creating our own meaning assigns purpose to something, which inherently has none, based on our feelings. Subjective meaning is a fiction, while perhaps a helpful one.
If you find meaning in your relationships, it’s a feeling, not a reality.
And while you may have a preference towards having relationships, it’s merely that: a preference. The subject of my meaningful feelings will die and eventually all of humanity will cease to exist.