AgileByExample 2023: Joe Justice - SpaceX Agile by Example

[@lucifersatoshi]

This video is one of the greatest tools on the internet. Joe Justice is doing humanity an incredible service.

[@andrewsaint6581]

Mind blowing. The last 5 minutes sums it up (as it should). I am very pleased I did some research in 2019. The rabbit hole is deep.

[@MikeJonesTechno]

Awesome closing remarks and Q&A about media, stock manipulation and CEO commitment. Oh and 💖 " there should be more agile coaches making companies, 💖 than coaching someone else's company." One of your best ever sessions. Thank you for your continuous inspiration Joe.

[@korayem]

I love this part! The speaker mentions a "pump and dump" scheme in relation to how large funding groups manipulate media to influence stock prices. This involves buying a lot of media to publish overly positive news about a company, in this case Tesla, to artificially inflate the stock price. Then, once the price has risen, they sell their shares at a profit, which is what the speaker describes happened. Regarding the 10-year horizon, he discusses that the stock price in the short term (less than 10 years) is more affected by paid media than by company performance. However, over a longer term, like a 10-year or more horizon, the stock price is more reflective of the actual company performance. He suggests that CEOs need the permission to endure bad press for at least a decade to be bold and implement significant changes within a company, as short-term negative publicity can lead to short-term adverse effects on stock prices and potentially a CEO's tenancy. The speaker also provides an example with Herbert Diess from Volkswagen who faced negative press and was eventually fired. He emphasizes the importance of being financially independent or having investors who can endure bad press for about ten years to pursue ambitious goals without the pressure of immediate stock price fluctuations.