It may seem liberating to live in a land of infinite choices, but research in decision-making suggests otherwise. In a classic study, Stanford researchers set up shop at an upscale grocery store chosen for its “extraordinary selection” of items, including 300 types of jam. One Saturday afternoon, they set up a sampling booth with 24 jams;…
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If you’re living in Lebanon you need to know the right people to get ahead, but in Uganda, sheer luck is important. That’s what people in those countries say are the keys to success. A Pew report released Thursday reached the conclusion that people in developing economies are more likely to think the next generation will be…
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MOST PEOPLE ARE discomfited by radical change, and often for good reason. Both the first Industrial Revolution, starting in the late 18th century, and the second one, around 100 years later, had their victims who lost their jobs to Cartwright’s power loom and later to Edison’s electric lighting, Benz’s horseless carriage and countless other inventions…
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I get emailed any number of things on a daily basis – in between brokers begging for business and land rats who do not understand that four bedrooms and a pool does not mean a one bedroom bedsit I get some weird shit relating to trading. The latest piece of oddness to hit my inbox…
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I am presenting the topic Complexity is Rubbish and is Probably Making You Poor . After the talk you can hang around for drinks and nibbles to chat with myself and fellow traders Topic -Unfortunately in the world of trading it is thought that complexity is king. Traders continually add bits and pieces to…
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A decade ago, Magnus Carlsen, who at the time was only 13 years old, created a sensation in the chess world when he defeated former world champion Anatoly Karpov at a chess tournament in Reykjavik, Iceland, and the next day played then-top-rated Garry Kasparov–who is widely regarded as the best chess player of all time–to…
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That process depends on what you are dying of. The body can fail in ways that are extremely distressing, slowly and painfully, demanding much stoicism, or it can switch off with little more than a flash of dizziness. In my family we seem to have been uncommonly lucky in that respect. There was the 82-year-old…
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