Focus and execute and focus

Jonathan Glater wrote a great obituary yesterday for Coudert Brothers, one of the law industry’s most brilliant and swashbuckling firms. Its an amazing sstory of how a brilliant bunch of people, peddling exactly what their competitors peddle, manage to make 1/10th the money. The moral of the story — brilliant people and ideas are important ingredients in success but not sufficient. “We were really great pioneers, and really not good settlers,” said one partner.