This speech by Jim Collins for The Drucker Institute talks about The Stockdale Paradox, which is rooted in the story of Admiral James Stockdale, who was the highest-ranking United States military officer in the “Hanoi Hilton” prisoner-of-war camp during the height of the Vietnam War. Tortured over twenty times during his eight-year imprisonment, Stockdale lived out the war without any prisoner’s rights, no set release date, and no certainty as to whether he would even survive to see his family again. How? How does someone deal with the facts of their situation when there’s seemingly no reason to hope for a happy ending?

True Soldier Stories: My Name is “Lucky” Larry Chesley
I grew up in Burley, Idaho. We lived on a farm and I learned to work hard at an early age. I enlisted in the Air Force in 1956 when I was seventeen years old and spent two years in Japan and nearly two years in Germany. In 1960 I


