What do burglars, Stanford’s football team, and Federal Reserve chair Janet Yellen have in common? They all use simple rules to help them navigate complex challenges, according to a new book by Stanford professor Kathleen Eisenhardt. Many burglars follow just one rule that significantly lowers their risk of getting caught — they pass on houses where…
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I have embedded this report above but you can also download a pdf from here – National Endowment For the Arts.
Bloody hell
From my WTF file….. A warning to the bulls, however: Don’t make the mistake of thinking that the absence of bubble-like conditions means that a bear market couldn’t begin. That mistake would be the functional equivalent of the one made by sloppy-thinking commentators who ascribe “bubble” to anything they think might decline. It’s entirely possible for a…
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I was also reading a review of this bus in one of my car mags. In the review they have a small cut away box that lists the vital statistics of the car and the data box ends with a Pro’s and Con’s section and one of the drawbacks they listed was that it was…
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Why is everyone surprised? When even Cargill Inc., the world’s largest grain trader, decides to liquidate its own hedge fund, that’s a sign that commodity speculators are in trouble. Hedge funds focused on raw materials lost money on average in the first half, the Newedge Commodity Trading Index shows. Diminishing investor demand spurred Cargill’s Black…
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I very rarely write anything of a political or social nature simply because it is not really relevant to what the people who read this blog are interested in and to be honest I find such topics to be fairly lifeless and dry. However, one thing has been troubling me and it relates to perspective.…
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