Danny Meyer, 2006
Setting the Table
How a premium experience actually gets delivered, by somebody who had to do it every night.
Lorenzo Ayres / 1 min
Every new piece I write, sent to your inbox.
Meyer built Union Square Cafe and Gramercy Tavern and then Shake Shack, and the useful part of this book is that he treats hospitality as an operating problem rather than a feeling.
His distinction between service and hospitality is the thing I quote most. Service is whether the food arrived correctly. Hospitality is how the person felt while it happened. You can be perfect at the first one and still have somebody leave unhappy.
Then he gets specific about producing that at scale, which turns out to be hiring, and his ratio is roughly 51 percent emotional skills to 49 percent technical. You can teach somebody the menu. You cannot teach them to notice.
I did not understand this early enough and it cost us. We did not necessarily hire managers when we should have. That was a very big mistake and I am still cleaning it up. The reviews that actually hurt are never about the trails or the machines.
The newsletter. That is the whole ask.
Every new piece I write, sent to your inbox.
Sell premium
- Thomas Nagle and Georg Müller, 1987The Strategy and Tactics of PricingPrice is not a number you land on at the end. It is the decision everything else has to agree with.
- Christopher Mayer, 2015100 BaggersWhat lets something go up a hundred times, studied case by case, and the same move I run on physical assets.
- Margaret Moos Pick, 2005See's Famous Old Time Candies: A Sweet StoryThe company Buffett calls his best purchase, written as the kind of book nobody reads.
Deals and structure
- The Farmer From MernaKarl Schriftgiesser, 1955
- Shaw Industries: A HistoryRandall L. Patton, 2002
- Margin of SafetySeth Klarman, 1991
- The special situations booksMaurece Schiller, 1955 to 1966
- Mosaic: Perspectives on InvestingMohnish Pabrai, 2004
- globalization: n. the irrational fear that someone in China will take your jobBruce Greenwald and Judd Kahn, 2008
- Competition DemystifiedBruce Greenwald and Judd Kahn, 2005
- Distress InvestingMartin Whitman and Fernando Diz, 2009
- Merger MastersKate Welling and Mario Gabelli, 2018
- King IcahnMark Stevens, 1993
- Dear ChairmanJeff Gramm, 2016
- Barbarians at the GateBryan Burrough and John Helyar, 1989
- Buy Then BuildWalker Deibel, 2018
- The Art of M&AAlexandra Reed Lajoux and Stanley Foster Reed, 1989
- Breakthrough AdvertisingEugene Schwartz, 1966
- Scientific AdvertisingClaude Hopkins, 1923
- The Boron LettersGary Halbert, 1984
- Way of the WolfJordan Belfort, 2017
- Ogilvy on AdvertisingDavid Ogilvy, 1983
- World Commodities and World CurrencyBenjamin Graham, 1944
- Storage and StabilityBenjamin Graham, 1937
- Walker's Manual of Unlisted StocksHarry Eisenberg, editor, the 2000 edition
- The Takeover GameJohn Brooks, 1987
- Bankruptcy Investing: How to Profit from Distressed CompaniesBen Branch and Hugh Ray
- The Crash and Its Aftermath: Securities Markets 1929 to 1933Barrie Wigmore, 1985
- Selling America ShortRichard C. Sauer, 2010
- Outsmarting the Smart MoneyLawrence A. Cunningham, 2002
- The Inefficient Stock Market and The New FinanceRobert A. Haugen
- Distant ForceGeorge A. Roberts, 2007
- Rising To Power: Paul Desmarais and Power CorporationDave Greber, 1987
- The Joy of Achievement: Conversations with J.R.D. TataR.M. Lala
- Pleased But Not SatisfiedDavid L. Sokol
- The Story of Bank of America: Biography of a BankMarquis James and Bessie Rowland James, 1954
- Citibank: A Century in AsiaPeter Starr, 2002
- Secrets of Professional Turf BettingRobert L. Bacon, 1956
- Iron Will: Cleveland-Cliffs and the Mining of Iron OreTerry S. Reynolds and Virginia P. Dawson, 2011
- You Bet: The Betfair StoryColin Cameron, 2009
- The Little Book That Beats the MarketJoel Greenblatt, 2005