Charlie Munger: Bad Morals Drive Out The Good
Charlie Munger on applying Gresham’s Law to lending. The idiotic ideas are all from the social science department and I would put economics in the social sciences department although it has some …
Business
“When we encounter pain, we are at an important juncture in our decision-making process.”
It is a fundamental law of nature that to evolve one has to push one’s limits, which is painful, in order to gain strength—whether it’s in the form of lifting weights, facing problems head-on, or in …
The clarity paradox — why success is a catalyst for failure
Greg McKeown explains why successful people don’t become very successful in The Disciplined Pursuit of Less. Why don’t successful people and organizations automatically become very …
What They Don’t Teach You In Business School
What they don’t seem to teach you in business school is that “the five forces” and “the seven Cs” and every other generic framework for problem solving are heuristics: they can lead you to solutions, …
Poaching Stars is a Terrible Idea to Improve Performance
In an effort to improve performance we often turn to the simple answer of trying to hire a star from another organization. This sounds like a great idea, is hard to argue with, and offers the promise …
Promoting People In Organizations
In their 1978 paper Performance Sampling in Social Matches, researchers March and March discussed the implications of performance sampling for understanding careers in organizations. They came to some …
How Williams Sonoma Inadvertently Sold More Bread Machines
Paying attention to what your customers and clients see can be a very effective way to increase your influence and, subsequently, your business. Steve Martin, co-author of Yes! 50 Secrets from the …