As the New Year, has come and gone we have been bombarded with predictions for the coming year. Despite their best effects those that opt to predict what the market will do in 12 months times can seem to predict their own uselessness – an odd paradox that one. I have not looked at this…
WHILE THE CHANTS of the protesters and the thrumming of the drum circle echoed through New York’s financial district, I spent a pleasant October weekend in Chicago drinking with the people who used to occupy Wall Street. It was my 10-year reunion at the University of Chicago Booth School of Business. Obviously I wanted to…
I had been thinking about the Kodak debacle when I remembered this – The Peter Principle states that “in a hierarchy every employee tends to rise to his level of incompetence”, meaning that employees tend to be promoted until they reach a position in which they cannot work competently. It was formulated by Dr. Laurence…
I have often thought that integrity can simply be defined as what you do when no one is looking. Let your better self rest assured: Dearly held values truly are sacred, and not merely cost-benefit analyses masquerading as nobel intent, concludes a new study on the neurobiology of moral decision-making. Such values are conceived differently,…
Interesting little talk from the EconoTalk folks on the moral basis for economic behaviour and its role in prosperity. Someone should forward this to the peanuts on Wall Street. David Rose of the University of Missouri, St. Louis and the author of The Moral Foundation of Economic Behavior talks with EconTalk host Russ Roberts about…
I have been reading Daniel Kahneman’s Thinking Fast and Slow and the going has been slow because I have gotten used to reading books on my tablet and having a large selection available. If I want to read a book I now have to remember to get it off the shelf. Going through this book…
I am not certain I agree 100% with everything being said but the overall thrust is positive. The emphasis added is mine. Charles Hugh Smith Readers often ask me to post something hopeful, and I understand why: doom-and-gloom gets tiresome. Human beings need hope just as they need oxygen, and the destruction of the Status…
I am not a big motivational type of guy – in fact I think that motivational speaking is largely a load of bollocks. It is a akin to loading a two year old every preservative known to mankind and then watching them zoom around like a fly in a bottle. However, I think people who…
About this time of the year we get a raft of year in review style of articles in the popular press. They usually have a few common elements. 1. The year was (insert appropriate metaphor here) 2. Looking back it was all so obvious…..then why didnt you tell us this before the year began. 3.…
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