Here’s an argument you hear a lot: the gigantic cash burn rates at the likes of Tesla and Uber are nothing new, because today’s established tech greats also churned through tons of cash in their early years. In fact, we keep hearing from champions of these glamor stocks on business TV shows and pundits’ blogs…
As you know I tend to collect junk mail that I am randomly sent – I am always interested in what people have to say about various bits and pieces. I am particularly interested in the material sent out by professional money managers. It must be difficult to justify taking money off people when you…
As you know I am a believer in luck being a powerful driver in the trajectory of one’s life. Matters out of your control such as which vagina you get shot out of and what colour you come out dictate the opportunities presented to you. Granted there are exceptional individuals who defy the odds presented…
Changing our behavior is a self-engineering challenge with few equals. I’m talking about long-term, sustained change, not short-run bursts that sputter out before real change happens. Whether the change involves diet, exercise, habits, dependencies, or anything else, changing behavior is one of the hardest things any of us will ever try to do. This is a…
Every organization, whether small or big, early or late stage — and every individual, whether for themselves or others — makes countless decisions every day, under conditions of uncertainty. The question is, are we allowing that uncertainty to bubble to the surface, and if so, how much and when? Where does consensus, transparency, forecasting, backcasting,…
I once ended up at a Boy Scout ceremony in the northeast United States, where I inhaled the American spirit unfiltered. The boys’ uniforms had Stars-and-Stripes patches sewn on next to their badges. We recited the Pledge of Allegiance in front of an oversize US flag, and we prayed to America’s vague God, giving thanks…
The bet was on, and it was over the fate of humanity. On one side was the Stanford biologist Paul R. Ehrlich. In his 1968 best seller, The Population Bomb, Ehrlich insisted that it was too late to prevent a doomsday apocalypse resulting from overpopulation. Resource shortages would cause hundreds of millions of starvation deaths within a…
MY NIECE WAS THREE at the time. A trip to the historical mansion, Ripponlea, seemed like a great way to share this sparkling Spring day. Hand in hand, arms swinging, we ventured through the ornate metal entrance gate. A majestic peacock turned to face us, looked my niece directly in the eye, and I imperceptibly…
WILLIAM JAMES’S LIFE sucked. As a child, he faced debilitating health issues – constant vomiting, blindness in one eye and hideous back spasms. His siblings were brilliant goody-two-shoes-show-offs, and all William could do is look at them with envy. William’s Dad, through his connections, managed to get him into Harvard Medical School. William HATED it.…
I’D JUST FINISHED presenting. A roar of applause. I glided towards the edge of the stage to make my carefully timed exit. High heels. Professional. A new flowing dress. And then… on the first step down from the stage, I stumbled. Not a graceful little skip, like you see in the soap operas. No, no,…
Self-awareness is like great sex: everyone thinks they have a ton of it, but in reality no one knows what the fuck they’re doing. The fact is that the majority of our thoughts and actions are on autopilot. This isn’t necessarily a bad thing either. Our habits, routines, impulses, and reactions carry us through our lives…
Trying to be perfect is a waste of time. Many of us feel constant pressure to adapt perfectly to our environments, especially our workplaces. Don’t waste time, we’re told. Maximize the output of your moments. Minimize your energy expenditure. If you aren’t getting great, someone else is, so before you collapse into a heap of…
Much of modern economic theory is based around a simple idea: Human beings maximize utility. But what is utility? Many people think of it as happiness or pleasure; British philosopher Jeremy Bentham, the inventor of utilitarianism, conceived of it this way. But this isn’t how modern economists think of the concept. To an economist, utility simply means…
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