Year: 2014

Harland Sanders’ Cafe and Museum Celebrates the Entrepreneurial Spirit of Col. Sanders, founder of KFC—Amazing Unknown Destinations

Birthplace of Kentucky Fried Chicken - Harland Sanders Cafe and Museum

Logo of Kentucky Fried Chicken (KFC) with Col. Harland Sanders Col. Harland Sanders was a late bloomer. At age 40, he put his savings into a small gas station in Corbin, Kentucky. By age 65, Sanders’ fried chicken had developed a cult following. Then, a new highway came along and diverted most of the customers away. A few of them hung around, mostly to eat Sanders’ fried chicken. It was at this point that Sanders turned his cult into a franchise that eventually became the international fast food giant, Kentucky Fried Chicken (KFC.)

Harland Sanders liked to pressure-cook his chicken. He offered franchisees a handshake deal: he’d ship them his secret seasonings for fried chicken by train in return for a nickel for every bird cooked.

Harland Sanders Cafe and Museum Celebrates the Entrepreneurial Spirit of Col. Sanders, founder of KFC

Entrepreneurial Spirit of Col. Sanders, founder of KFC

Sentimentalists now flock to Col. Harland Sanders Cafe and Museum in Corbin, Kentucky, where Sanders’ original cafe has been restored, down to its battleship-gray floors. The museum features antique pieces furnishings from the home of Col. Sanders, glassware, old KFC boxes and bags, an old Cash Register, a unique Cigarette Machine—so many memories packed into one small museum!

Restoration of Col. Sanders' Original Kentucky Fried Chicken (KFC) Cafe

Getting to the Harland Sanders Cafe and Museum

Sight: Col. Harland Sanders Cafe and Museum
Location: Junction of US 25E and 25W
City: Corbin, KY [ map]
Phone: (606) 528-2163
Hours: Open Daily 10:00 AM to 10:00 PM

'Col. Harland Sanders: The Autobiography of the Original Celebrity Chef' by Colonel Harland Sanders (ISBN 0985543906)

Recommended Books about Kentucky Fried Chicken (KFC) and Col. Sanders

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Southwest Airlines’ Brilliant Marketing

Southwest Airlines' Brilliant Marketing

More than anything, Southwest Airlines deserves credit for its exceptional marketing strategy. For decades, Southwest Airlines has convinced American consumers that it have the lowest fares, which is hardly ever the case. Southwest’s average fares have outpaced the industry by 12% since 2009.

Nevertheless, I hear repeatedly “I need a cheap last minute ticket; I suppose I’ll try Southwest Airlines.” Being able to create that perception among consumers is invaluable.

Southwest Airlines began service in June 1971 with the objective of stimulating demand through low fares and, in forty years, has become the largest domestic airline in the United States. Southwest Airlines used to be cheaper when they first started out but currently many of their flights cost more than the other airlines. Many attentive customers do not consider Southwest Airlines a discount airline anymore.

Southwest Airlines gained a low-cost advantage by flying one aircraft type on a point-to-point network to less congested secondary airports. This enabled the airline to maximize aircraft utilization and employee productivity. It’s simple fare structure allowed customers to purchase and alter their travel plans more easily than with legacy carriers. Another distinctive competitive advantage that Southwest enjoyed for years was a hedged fuel position that was the envy of the industry. Over the last decade, Southwest has lost this particular cost advantage, and has generated results that have more closely mimicked those of legacy carriers.

Southwest Airlines No Longer Low-Cost Airline

Moreover, Southwest is no longer the lowest-cost provider that it used to be, even not including fuel costs, as measured by costs per available seat mile excluding fuel expenses. Competition and surging fuel prices proved that Southwest’s low-cost advantages were merely temporary. Over the years, competitors like Alaska Airlines, Spirit Airlines, Allegiant, and JetBlue have entered the fray and mimicked this strategy.

Over the last decade, three distinctive business models have emerged in the US airline industry: (1) global network airlines, (2) hybrid airlines, and (3) ultra low-cost airlines. Southwest Airlines has purposely avoided identifying itself with a specific strategy. Instead, the airline has chosen to persist amplifying its maverick low-fare image.

Southwest Airlines revealed a modern new look

Southwest Airlines revealed a modern new look and logo on Monday. Gary Kelly, Southwest Airlines CEO said, “our collective heartbeat is stronger and healthier than ever, and that’s because of the warmth, the compassion, and the smiles of our People … The Heart emblazoned on our aircraft, and within our new look, symbolizes our commitment that we’ll remain true to our core values as we set our sights on the future.”

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How to Prepare Yourself for Future Opportunities

How to Prepare Yourself for Future Opportunities

Chance favors the prepared mind. “The prepared mind” is the characteristic of leaders who are outstanding in their talent to perceive, make sense, decide and act across a complex set of conditions. We also believe that “the prepared mind” is not a matter of chance. It is a matter of intentional preparation that requires developing eight mental skills regardless of your role.

How will you prepare for your tomorrow?

  1. You need the skill of observing because your world is more competitive. Execution-driven leaders often become so consumed by the pressures of running their projects and their organizations that they never pause to take a look at what’s going on around them. You may have mastered the core capabilities of your profession, and yet new technology might make these capabilities obsolete. List the capabilities you need to develop. Find a meaningful unifying purpose.
  2. You need the skill of reasoning because you need to reevaluate your assumptions. Data are useless without the skills to analyze them, reason, and make meaning of them. For example, are you thinking big enough? Take your situation and think bigger. Reasoning can complement problem-solving skills that you already have with a methodical approach to use with moral, ethical, organizational, or technical problems.
  3. You need the skill of imagining because you need alternatives to keep yourself sharp. Imagination is not a trait that we inherit in our genes or a blessing bestowed by the angels. It’s a skill. Be curious about everything—the world is full of amazing wonders for you to learn about. Creativity is at the heart of innovation. To improve this skill, list three combinations that would create something new and useful for you. Name one thing that you think you are too old to start. Are you really too old?
  4. You need the skill of challenging because expertise breeds conservatism. Challenging a group’s willingness to go with the first right answer can be major barrier to unleashing full creative potential. To improve the skill of challenging, list the constraints imposed on you. Who has already dealt with them? What did they do? What could you do?
  5. You need the skill of learning because new opportunities abound. Improved learning skills—concentrating, reading, and listening, remembering, using time, and more—are directly useful and will continue to pay dividends for a long time. What don’t you know that you should? List technologies, practices, or events that might provide insight. Learn about the future by studying some history. Also, list some mistakes or failures from your past. What did you learn from them?
  6. You need the skill of deciding because every decision has consequences, and no decision is a decision. Every solution brings about its own set of new problems. No leader knows enough about the future to make the most favorable decision every time, but it’s better to set a clear direction today and confront problems that crop up tomorrow. It’s not being afraid to fail; and if you do, identify it quickly and more ahead fast so no momentum is lost.
  7. You need the skill of enabling because all of us are smarter than any one of us, and “they” need the knowledge, means, and opportunity to help you reach your goals. Who needs your help, and how can they help you? Provide opportunities—delegate. Ensure that outcomes, actions and questions are properly recorded and actioned, and appropriately dealt with afterwards.
  8. You need the skill of reflecting because you learn more from understanding the reasons for your success and failure than you do from studying someone else’s best practices. Take a current problem and list possible answers. Now think like a beginner by asking dumb questions. Reflect on those questions and answers. The greatest strength of reflective leaders is their thoughtful and attentive nature, which means tremendous persistence to listen and take in information, the ability to connect the dots and garner eye-opening insights, and deep trust in their instinct, creativity, and thinking process.

Many leaders seem so besieged with their current workload that telling they prepare for the future may seem unreasonable. By preparing today to meet tomorrow’s challenges, they can set in motion a new leadership paradigm, one that will help leaders better cope with today.

Prepare your mind and then use your mind wisely. Leaders who focus on those eight basics will be prepared to encounter the unknowable challenges that lie ahead.

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Books Recommended by Berkshire Hathaway’s Charlie Munger

“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time—none, zero. You’d be amazed at how much Warren reads—at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”
— Charlie Munger

Charlie Munger (Vice-Chairman at Berkshire Hathaway) and Mugerisms Charlie Munger is Warren Buffett’s partner and Vice-Chairman at Berkshire Hathaway, the investment conglomerate. In his capacity, Munger has been a behind-the-scenes co-thinker at Berkshire and has influenced many a decision made by Warren Buffett.

At the 2004 annual meeting of Berkshire Hathaway, Charlie Munger said,

“We read a lot. I don’t know anyone who’s wise who doesn’t read a lot. But that’s not enough: You have to have a temperament to grab ideas and do sensible things. Most people don’t grab the right ideas or don’t know what to do with them.”
— Charlie Munger

Munger was chair of Wesco Financial Corporation from 1984 through 2011. He is also the chair of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation. Unlike Warren Buffett, Charlie Munger has claimed that he is a generalist for whom investment is only one of a broad range of interests that include architecture, philosophy, philanthropy, investing, yacht-design, etc.

Charlie Munger is a voracious reader and engages in books on history, science, biography and psychology. He once said, “In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time—none, zero. You’d be amazed at how much Warren reads—at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”

At the 2014 annual meeting of The Daily Journal Company that Charlie Munger leds as Chairman, Charlie said,

“I’m very selective. I, sometimes, skim. I, sometimes, read one chapter and I sometimes read the damn thing twice. It’s been my experience in life [that] if you just keep thinking and reading, you don’t have to work.”

Charlie Munger’s Book Recommendations in Biography

Charlie Munger’s Book Recommendations in Biology

Charlie Munger’s Book Recommendations in Business & Investing

Charlie Munger’s Book Recommendations in Management & Leadership

Charlie Munger’s Book Recommendations in Philosphy & Psychology

Charlie Munger’s Book Recommendations in Sociology

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PHILIPPINES: The Best Sights, Destinations, and Experiences (ASEAN Travel)

Best Destinations in Philippines

This is a cocktail of a country, potent and heady. The Philippines does not believe in leaving anything out, so its 7,000-plus islands boast Malay, Chinese, Spanish and indigenous influences, not to mention religious traditions rooted in Islam. Catholicism, animism and everything in between. This country crams as much on its plate as it possibly can, so you will need a clear head to take it all in.

Philippines: At a Glance

Experience the Best Attractions of Philippines

  1. Intramuros, Spanish Walled City within Manila A Shot of Culture: Intramuros, the Spanish walled city within Manila, has a history and culture all its own, and is worth spending a day or two exploring. Start at the Intramuros Visitors Centre, located right by the entrance to Fort Santiago, and wander about the lanes lined with lovely casas until you reach San Augustin, Manila’s oldest stone church. You can also tour Intramuros on a kalesa—a horse-drawn carriage, though walking has its own charm.
  2. Surfing in Siargao, Mindanao, Philippines Surf’s Up: If your beach bum-turn-surfer self is calling out to you, head to Siargao, in the northeast of Mindanao. Time seems to stand still here, as you hitch rides on the famous Cloud 9 break and gaze, over chilled beer, upon skies softening into sunsets. In October, crowds descend on the sleepy island for the Siargao Cup surf competition, one of the Philippines’s largest sporting events.
  3. Puerto Princesa Subterranean River, Philippines A Whole New World: The Puerto Princesa Subterranean River is a marvel of limestone stalactites and stalagmites, and can be accessed on a kayak tour. As you drift into the cave, take in the weird formations sculpted out of the rock over the centuries. You will spot a melting candle by one side, or a rampaging dinosaur on the other!
  4. Apo Reef Island, Philippines Fall Off the Grid: Apo Reef is off the tourist map, which means that you will have the secluded Apo Reef Island and its surrounding reef pretty much all to yourself. You will have a great time being one with the fish as you swim, snorkel, and dive to your heart’s content, emerging only for meals of fresh seafood.
  5. Taal Volcano in Talisay, Philippines An Active Getaway: Climb to the top of the overwhelming Taal Volcano in Talisay, where the bubbling green waters of the Taal Lake await. Within the lake sits yet another volcano, steaming away gently. The trip to the top can be tiring but there are horses available for the less active, and the views from up there are well worth the journey.
  6. Makati City, Metro Manila's financial heart, Philippines Retail Therapy: Indulge yourself in Metro Manila’s financial heart, Makati City, and its Greenbelt mall. You will find a range of treats here—the mall has both open-air and enclosed areas, sit-down as well as fast food eateries, and big international brands (think Calvin Klein, Hermes, and the like) along with high-end and Filipino designer boutiques.
  7. Pristine Islands off the coast at El Nido, Philippines Hop About: Head to the pristine islands off the coast at gorgeous El Nido. There are multiple islands to choose from, each of which is prettier than the other. You can spend your days lazing about on white sands, exploring the area on kayaks and snorkeling among the many colorful fish that call these waters home. If you are lucky you may spot a hawksbill turtle or two, and you may come across dolphins, whale sharks, dugongs, and mantra rays.
  8. Banaue's Rice Terraces, UNESCO-listed World Heritage site Be Bucolic: Get a taste of the Filipino countryside and spend some time amid Banaue’s rice terraces. These rice terraces are a UNESCO-listed World Heritage site, gracefully sculpted into the hillside by the Ifugao people of this quiet little farming community.
  9. Rolling green hills in Batanes, Philippines Get High: You could be forgiven for thinking you are in Scotland when you visit Batanes, the country’s northernmost province. Expect rolling green hills, towering fortresses and the like among the ten islands here.
  10. Slow-roasted Suckling Pig, Philippines Life’s a Feast: You will have a great time going on an eating binge in the Philippines, especially if you love meat. Pork, in particular, plays a big role in the cuisine here, and a slow-roasted suckling pig is the best treat to be had. Even if you are not a big pork-eater, Manila is where you should aim to experiment with your eats and get an introduction to the many flavors that make up Filipino food.

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Of Nagas and Naginis: Serpent Figures in Hinduism and Buddhism

Vishnu and Ananta-Shesha

Nagas and the feminine Naginis are serpent figures who play a role in the Hindu and Buddhist mythologies. The source of the Nagas may possibly be attributed to the pre-Aryan fertility cults of ancient India.

Nagaraja Mucilinda protects Gautama Buddha as he attains enlightenment In the Hindu mythology, the nagas reside within the earth in an aquatic underworld. They are embodiments of terrestrial waters as well as door-and gate-custodians. In terms of significance, the nagas are creatures of abundant power who defend the underworld and confer fertility and prosperity upon those with which they are individually associated in the worldy realm—a meadow, a shrine, a temple, or even a whole kingdom.

If a naga is suitably worshipped, prosperity can result. If ignored, snubbed, or affronted, the naga can cause debacle and cataclysm.

Nagas in Buddhism

In the Buddhist tradition, when Gautama Buddha attains enlightenment, he is said to have been protected by the hood of hood of Nagaraja Mucilinda, symbolizing the principle that the nagas can place their natural powers in the service of a Buddha.

Krishna conquers Naga Kaliya

Nagas in Hinduism

In the Hindu tradition, Vishnu and his avatar Krishna are both portrayed as vanquishers of serpents, indicating their power over the realm of waters. In the middle of the dissolution of one epoch and the beginning of another epoch, Vishnu sleeps on what is left of the old world, a remainder of the cosmic sacrifice represented by the serpent Ananta-Shesha. Krishna conquers the poisonous Naga Kaliya living in the Yamuna river. And Shiva is portrayed adorned with the “Nagendra Haara,” the garland of a serpent. A naga also covers the linga—the iconic representation of Shiva.

Naga Panchami

The Hindu festival Naga Panchami centers around the traditional worship of snakes or serpents throughout India and also in Nepal.

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MYANMAR: The Best Sights, Destinations, and Experiences (ASEAN Travel)

Best Sights of Myanmar

Mandalay, Bagan, Inle, and Yangon—these names all conjure up the wonder that is Myanmar, at least in a traveler’s mind. Now, you have the freedom to venture a little farther as well. With recent reforms easing restrictions in this proud country, it is finally time to see what Myanmar has been hiding away all these years.

Myanmar: At a Glance

Experience the Best Attractions of Myanmar

  1. Chauk Htat Gyi Pagoda, Yangon Architecture 101: Former capitals are full of old glory and great architecture, and Yangon is not far behind. Spend the day marveling at the colossal reclining Buddha at Chauk Htat Gyi Pagoda, the gold-hued Botataung Pagoda and Sule Pagoda, the Burmese Yangon City and the colonial-styled Supreme Court.
  2. Bogyoke Aung San Market, Yangon Hunt for Bargains: The Bogyoke Aung San Market (sometimes known by its British name, Scott’s Market) is a sprawling old handicrafts bazaar of around 2,000 shops. Spend the day alongside locals, haggling for colorful Shan shoulder bags, and interesting bits of local arts and crafts, jewelry, ancient antiques, and lacquer ware.
  3. Mohinga, Rice noodles served with fish soup It’s All Rice: Rice, in all its forms, is a staple in the distinctive cuisine of Myanmar. Rice noodles served with fish soup, known locally as mohinga, are a favorite breakfast dish, and are usually eaten on special occasions.
  4. Mandalay Hill, Myanmar Get a Bird’s Eye View: Climb up Mandalay Hill for an all-encompassing view of how flat Mandalay really is. You will see the Irrawaddy twisting across the land from up here, while you help a local monk brush up his English. This hallowed spot is where Buddha once prophesied the founding of a great city.
  5. Inle Lake Boating, Myanmar Row, Row, Row Your Boat: Surrounded by greenery and marshes, cool morning mists, villages of houses on stilts and floating gardens, the Inle Lake is usually pretty. You can get around the lake on a motorized canoe, or ask around if you want to float about on a traditional flat-bottomed Intha skiff.
  6. Myinkaba Age-old lacquer, Myanmar Art Lessons: Bagan, in the Mandalay region, brims with graceful ruins of old temples, pagodas, and stupas. Between Old and New Bagan, the village of Myinkaba boasts an age-old lacquer ware tradition; you can spend hours rummaging through excellently crafted cups, plates, and boxes, wondering just how many you can fit into your luggage.
  7. Bawbawgyi Pagoda, Thayekhittaya Wander through Ruins: Thayekhittaya or the ‘Fabulous City’ a Pyu capital of long ago, was destroyed almost as long ago by Chinese invaders, and today, it has been nominated for a UNESCO World Heritage listing. Rumble through the ruins among the overgrown bush on an ox cart, and explore the Bawbawgyi Pagoda, one of the oldest in the city, and the Leimyethna Pagoda, with Buddhist relief carvings.
  8. Shwedagon Pagoda, Yangon Pagoda Sunsets: Make your way up to the Shwedagon Pagoda in Yangon as the sun begins to set, the golden spires of the temple light up, monks glide past and local residents trickle in to pay their respects as the sky takes on various colors of pink, oranges and blues. Look for a quiet spot, settle down, and enjoy the peace of the evening.
  9. Mount Popa, Myanmar Find Your Spiritual Side: Go forth and find your holy spirit at Mount Popa, an extinct volcano and the abode of 37 nats or local spirits, once so important that the early kings were rumored to consult them on crucial matters. The solitary peak is covered in stupas; the statues at the base are of the spirits.
  10. Irrawaddy River, Myanmar I am with Stupa: Sagaing lies along the Irrawaddy River, across the only bridge that spans it. It is dotted with white and gold pagodas that shimmer away in the sun, and if you clamber up the tree-hung stairways past ancient monasteries that lead up to various viewpoints, the spectacle of stupas is something else.

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Zen Buddhism is Like a Philosophical Iceberg

Great Buddha of Kamakura, Zen Buddhism

Zen Buddhism is a variety of Buddhism that developed as “Chan” in seventh century in China and permeated east into Japan to become known as “Zen” Buddhism.

Zen Buddhism is rooted in the principles and wisdom of the historical Buddhist philosophy, Zen places less prominence on theory and studying texts than do other varieties of Buddhism. Zen Buddhism places far more emphasis on practicing meditation to gain direct experience of one’s true nature. The distinguishing characteristic of Zen Buddhism is that it gives principal meaning to meditation and to the concept that the world is beautiful, when experienced through the senses that are not eclipsed by desire and want.

Zen Buddhism is like a philosophical iceberg: roughly all of the values are beneath the surface. On the whole, Buddhism is predicated upon the proposition that desires and attachment happen to be the principal grounds of suffering, and that deliverance from suffering comes from one detaching the misapprehension of a substantial self and one losing desires and attachments. This principle are infused and embedded in Zen texts.

The Zen texts also take from the Madhyamika discipline of Buddhist beliefs the anti-realist assertion that there is no objectively correct and authoritative perspective on anything. These assertions are highlighted—not argued for—in the Zen literature by use of koans (puzzles.) Zen Buddhist monks meditate upon koans as a way of disposing of the notion of dependence on reason in their pursuit of enlightenment.

From the time when it arrived in the West in the late nineteenth century, Zen Buddhism has appealed to academics, philosophers, truth-seekers, and practitioners who like its unique paradoxes, its emphasis on philosophy rather than holy practices or dogmatic beliefs.

Further Reading on the Zen Doctrine

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Advantages and Disadvantages of Using Various Research Methods

Advantages and Disadvantages of Using Various Research Methods

Experimental Method

Advantages of Experimental Method:

  • Precise control possible

Disadvantages of Experimental Method:

  • Artificial setting typical
  • Causal conclusions possible
  • Intrusiveness typically high
  • Precise measurement possible
  • Complex behaviors difficult to measure
  • Theory testing possible
  • Unstructured exploratory research difficult

Correlational Observation

Advantages of Correlational Observation:

  • Relationships between variables can be found

Disadvantages of Correlational Observation:

  • Causal conclusions impossible
  • Precise measurement usually possible
  • Control of variables difficult
  • Intrusiveness usually low
  • Many participants required

Ethnography

Advantages of Ethnography:

  • Unfamiliar situations can be described

Disadvantages of Ethnography:

  • Control of variables impossible
  • Complex behaviors can be described
  • Precise measurement difficult
  • Intrusiveness low
  • Investigator bias possible
  • Participants treated humanistically
  • Causal conclusions impossible

Advantages and Disadvantages of Using Questionnaires

Questionnaires

Advantages of Questionnaires:

  • Data collection efficient

Disadvantages of Questionnaires:

  • Causal conclusions impossible
  • Attitude or opinion can be measured
  • Self-reports difficult to verify
  • Unbiased sample selection difficult
  • Response rates low when mailed

Naturalistic Observation

Advantages of Naturalistic Observation:

  • Realistic setting helps generalization

Disadvantages of Naturalistic Observation:

  • Control of variables impossible
  • Intrusiveness low
  • Data collection inefficient
  • Investigator bias possible

Archival Research

Advantages of Archival Research:

  • No additional data collection required

Disadvantages of Archival Research:

  • Causal conclusions impossible
  • Rare behaviors can be studied
  • Appropriate records often not available
  • Nonmanipulable events can be studied
  • Data collected by nonscientists
  • Data usually correlational at best

Case History

Advantages of Case History:

  • Rare cases can bestudied

Disadvantages of Case History:

  • Control of variables impossible
  • Complex behavior can be intensively studied
  • Data often based on fallible memories
  • Investigator bias highly likely
  • Causal conclusions impossible

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Books on Science Recommended by Investor Mohnish Pabrai (Pabrai Funds)

Mohnish Pabrai, Pabrai Funds and Dakshana Foundation

Mohnish Pabrai is an investor, hedge-fund manager and philanthropist. Mohnish manages Pabrai Funds and leads the Dakshana Foundation, a tutoring service in India for less-privileged members of the society to enable them to attend the elite institutions of higher learning in India.

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