Kansas City Region | Economic Development | Design | Sports | Jayhawks
Leawood, KS
Joined August 2009
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Jay Currie Campbell retweeted
How much a railroad town is Kansas City? When it opened, Union Station was the third largest in the country, larger than any train station in any city outside of NYC
It was 112 years ago today that Kansas City came together to celebrate the grand opening of its magnificent new Union Station.
The completed station cost nearly $6 million to build and was part of a massive $50 million investment by the Kansas City Terminal Railroad that also included new tracks, switching towers, viaducts, and bridges.
When completed, Union Station boasted 850,000 square feet of space and 900 rooms, making it the third-largest train station in the country, behind only Grand Central Terminal and Pennsylvania Station in New York City.
Union Station opened to the public on October 30, 1914. And at just after midnight on the morning of November 1, 1914, the Missouri-Kansas-Texas Flyer became the first train to arrive at the newly opened station.
Jay Currie Campbell retweeted
If you work at McKinsey, Bain, BCG, Accenture, EY, Deloitte, PwC, if you are an in-house consultant or an independent, you are witnessing the consulting industry being split in two.
I just mapped 60 core consulting skills (both hard and soft) against the impending threat of Generative AI.
The result is what I called the Consulting AI Threat Matrix, and it reveals which skills will be commoditized and which will become your ultimate competitive moat.
I plotted these skills across two dimensions (because I'm a consultant and I love a good quadrant 😅)
The dimensions are:
1) Modality of execution (Algorithmic vs. Interpersonal)
2) Environmental entropy (Deterministic vs. Ambiguous)
The findings are a wake-up call for how firms train their talent:
- The Commoditization Zone (Bottom-Left): Standard financial modeling, UI/UX, RPA, and slide generation are facing severe disruption. If your value is tied to synthesizing clean data in predictable environments, GenAI will do it faster.
- The Augmentation Zone (Bottom-Right): Cloud architecture, predictive modeling, and hypothesis-driven problem-solving. GenAI is your co-pilot here, but human knowledge and judgment is required to navigate the ambiguity.
- The Strategic Premium (Top-Right): Consensus building, crisis de-escalation, unbiased judgment, and executive storytelling. GenAI cannot read a hostile stakeholder or mediate a turf war between a CIO and a CMO. This is the human moat.
If you are a senior consultant, a manager, director, partner, or aspiring consultant, your career trajectory depends on migrating to the top right.
I put together a detailed 10-page paper breaking down exactly how these 60 skills were evaluated, the criteria for each quadrant, and how consulting firms need to restructure their training programs to survive this shift, plus what actions you can take to safeguard yourself.
Just ping me somehow (comment here or DM me) and I'll send you the paper.
All the best!
Jay Currie Campbell retweeted
Amazon founder Jeff Bezos has a surprising theory about the "confidence" behind great founders: it might not be confidence at all.
When the idea of confidence comes up, Bezos offers a different explanation:
"You say it's confidence, but maybe it's just trying to compensate for that... accepting that that's a human bias and trying to compensate against it."
So what is the bias?
"I think it's generally human nature to overestimate risk and underestimate opportunity."
Your instincts don't just make the risks look bigger than they are. They also make the opportunities look smaller than they are. Both errors push you in the same direction: toward doing less.
Bezos's correction:
"The risks are probably not as big as you perceive and the opportunities may be bigger than you perceive."
This is why he says entrepreneurs "would be well advised to try and bias against that piece of human nature."
Seen this way, the founder who looks fearless may not have a different personality from you.
They may simply have accepted that their instincts are tilted and learned to adjust for it on purpose. That's not a trait you're born with. It's a correction you can choose to make.
And if you don't make it, @JeffBezos warns there's a cost:
"Thinking small is a self-fulfilling prophecy."
Let the bias set your ambitions, and you'll get small results that seem to prove small was all that was possible.
KC at 24 and one of three midwest representatives.
Here are the top 20 markets for real estate investment in 2027, according to ULI's annual Emerging Trends Report just released this week. Quick thoughts on multifamily market in each:
DFW stays No. 1, not a surprise. Been steadier than other Sun Belt markets. Still supply to work through, but still attractive and very liquid.
San Francisco ranks No. 5, up 40 spots from last year, and would probably rank No. 1 if not for the fact that many survey respondents would probably never invest in San Francisco regardless how it is. Same for Manhattan, where policy risk questions dampen some enthusiasm and redirect capital elsewhere.
Interesting to see DC's Northern Virginia suburbs rank high, yet its Maryland suburbs rank dead last and the District is in the bottom 5. But that's the reality of the DMV, and its just governance issues-- with the District and Montgomery County competing for the crown of most conspiratorial anti-business market while Northern Virginia gladly benefits from it.
Austin and Boise both rank outside the top 20, but I'd be bet on both being in top 20 next year. ULI's list is supposed to be forward-looking, but this is example of how in reality it's still very much a present-day lens... just like San Francisco ranking No. 45 last year.
Knoxville ranks as highest tertiary market, coming in at No. 20 overall. Good market but surprised it's so high.
ULI's survey respondents put Norfolk and Milwaukee in the bottom 10, but I think they're just saying they don't know these markets. Both are very steady and interesting, low supply.
Jay Currie Campbell retweeted
NW Arkansas is outgrowing Austin, Raleigh & Durham.
GDP growth: 7.2% vs 3.5% / 4.0% / 5.7%
Tech job growth: 10.9% vs 8.2% / 2.1% / 0.5%
Business growth: 7.0% vs 0.0% / -2.4% / -3.3%
Job growth: 2.8% vs 2.0% / 2.1% / -0.1%
Population growth: 2.4% vs 2.1% / 2.4% / 1.2%
Last in income, first in growth. That's the opportunity to buy basis all day long here.
Jay Currie Campbell retweeted
JPMorgan CEO Jamie Dimon admits America made a major mistake by underestimating China for years, but says the U.S. still holds the stronger hand: “The best way to avoid a war is to be strong.” 🇺🇸🇨🇳
“We all made a mistake. All of us should have been a little more thoughtful about China going back about 10 years.
They joined the WTO in 2001, but they started abusing it by 2012. We should have been more thoughtful about what they were really thinking and doing. We were just kind of happy-go-lucky. All of us, including the government.
But now is the time to say they can’t do certain things they’re doing.
We have the better hand. I’m not telling Americans not to worry about it.
Let’s make sure we build a really strong economy. Let’s make sure we have unparalleled military strength that is unquestioned.
Because the best way to avoid a war is to be strong.
We have to fight for America, remind ourselves of what makes this country great, and educate our kids about how economic strength, military power, and national security are all connected.”
Jay Currie Campbell retweeted
Blackstone CEO Stephen Schwarzman reveals how a 2015 bus ride with Jack Ma led to his firm being the world’s largest data center owner
“We did see the whole AI revolution, and that's just because of an accident. When I was in China in 2015, sitting on a bus with Jack Ma, who is the founder of Alibaba, and he started talking about that.”
“I literally had no idea what he was talking about, and he explained that this would be the most consequential technological change which would change the world.”
“So I have a bunch of academic relationships, one of whom was the head of MIT. He said, ‘Jack's underselling this’. So I said, ‘how do you know?’ He said, ‘because we invented AI at MIT.’”
“And we positioned the firm at Blackstone in this unique way where we bought a very large data center, a company, in 2021 for $10 billion. It's now 15 times larger.”
“We're the largest owner of data centers in the world. That puts us in touch with the six hyperscalers, because we work for all of them. So we know what's happening almost everywhere in this ecosystem.”
Jay Currie Campbell retweeted
Around 150,000 home owners with adjustable-rate mortgages (ARMs) are scheduled to face their first interest rate adjustment this year, according to ICE Mortgage Technology.
Another 186,000 borrowers are scheduled for their first ARM rate reset in 2027, followed by 155,000 in 2028 - with nearly half a million American homeowners on the hook for an expensive financial reckoning over the next three years.
@m3_melody
#RealEstate
dailymail.com/real-estate/ar…
Jay Currie Campbell retweeted
The former Blue KC headquarters has sat empty more than a year. That didn't stop its sale to the Royals from being one of the area's largest known office deals. bizjournals.com/kansascity/n…
"The incentive and ability to form economic clusters may be the single most important factor that explains why China’s cities have succeeded over the past three decades while America’s superstar cities have stagnated."
“China is not the world’s largest command economy. It is a continent-sized Silicon Valley.”
Awesome piece by @RobinRivaton on China’s local governments and industrial clusters: worksinprogress.co/issue/chi…
Jay Currie Campbell retweeted
Johnson County, Kansas is one of the most successful prime suburban counties out there, and maybe the only such place in the country that's a plausible rival to the central city. I need to get out there and check it out in person. kansascity.com/news/local/ar…
Jay Currie Campbell retweeted
Early curiosity is associated with higher later IQ.
A curious mind is worth protecting, not managing.
Jay Currie Campbell retweeted
Hedge fund billionaire Ken Griffin is donating $3 billion to Carnegie Mellon University, the largest individual donation in higher education history. nbcnews.com/news/us-news/ken…
