You Think Your Day Is Hard
This is one of those brilliant sports doco’s that only the Yanks seemed to do.
Gilligan
I recently notice some rubbish in my spam folder that purported to link the Mayan calendar and the current state of the market. Apparently since the Mayan calendar runs out in 2012 we should prepare for the mother of all crashes. And dont get me started on the Elliot Wave theorists who still seem to…
DetailsWhere Does Success Come From?
Before you run off thinking that this is going to be some sort of Anthony Robbins new age touchy, feely motivational posting….think again. Let me state at the outset I think motivation is bullshit. To my mind you cannot motivate anyone to do anything unless you have a taser handy. Even then you might have…
DetailsFollow Your Dreams/Passion…..Yeah Right
A recurring topic of conversation I seem to have had lately with people starting out in life/business/career has been should you follow your passion. My answer has been simple. If your passion can pay you a million dollars a year then sure go for it. If not forget it. This may sound somewhat hard headed…
DetailsCertainty
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…
DetailsThe Graduates
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…
DetailsKodak Part Two
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…
DetailsProfit vs. Principle: The Neurobiology of Integrity
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,…
DetailsThe Moral Foundations (Or Lack Thereof) Economic Behaviour
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…
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