Phil Rosenzweig has been a professor at IMD Business School in Lausanne, Switzerland, for about 30 years. We discuss Phil’s legendary book “The Halo Effect”, which debunks much of the classic management literature and explains how we tend to think that when a company performs well, the CEO is fantastic, the company has operational excellence, and the employees love to work there. We set a halo on the good performers.For more info about the podcast, go to the episode page and make sure to follow us on X/Twitter. We love to hear your thoughts on what you like and what we can improve, so please give us your rating and a review. You’re also very welcome to tell us about great authors, books, and investors you want to hear on the show. Thank you! /Eddie & Niklas with teamThis episode was recorded on February 3, 2025.—————————————Episode Chapters(00:00) Introduction by Eddie & Niklas(01:46) Welcoming Phil(02:51) The Halo Effect(06:55) ABB(12:17) Why Phil chose the companies he did(14:11) The halo effect today(19:11) The halo effect in other areas of life(23:39) Criticism against management literature (26:39) Other common errors in thinking(30:45) Has Phil been influenced by Warren Buffett? (33:45) Discussion on strategy versus execution(46:52) Connecting the momentum/value dichotomy to Phil’s writing(50:14) How Phil invests his own money(52:33) An incredible Microsoft anecdote(54:06) Phil’s time at Hewlett Packard and his pivot to academia(58:37) Book discussions(01:09:45) Concluding remarks—————————————Books MentionedThe Halo Effect - Phil RosenzweigMoneyball - Michael LewisWhat is strategy? - Michael Porter (article) Left Brain, Right Stuff - Phil RosenzweigA Random Walk Down Wall Street - Burton MalkielInfluence - Robert CialdiniThe Signal and the Noise - Nate SilverOnly the Paranoid Survive - Andy GroveLights Out - Thomas GrytaPower Failure - William D. Cohan—————————————Companies MentionedABB LegoGeneral ElectricCiscoBritish PetroleumAppleMarks & SpencerNvidiaIntelLogitechMicrosoftHewlett Packard—————————————More on Phil IMD: https://www.imd.org/faculty/professors/phil-rosenzweig/Email:
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