James March: On Leadership
After reading The Ambiguities of Experience, I set out to read another book by James March: On Leadership. The genius of March takes a while to appreciate. I assure you, however, this …
After reading The Ambiguities of Experience, I set out to read another book by James March: On Leadership. The genius of March takes a while to appreciate. I assure you, however, this …
Nassim Taleb’s article, The Black Swan of Cario, (PDF) on suppressing volatility is worth a read. It’s the ultimate example of iatrogenics by the fragilista. Here are my notes. Complex …
How can anyone make rational decisions in a world where knowledge is limited, time is pressing, and deep thought is often unattainable? Some decisions are more difficult than others. Yet we’re often …
In this excerpt from his annual letter, investing great Seth Klarman describes 20 lessons from the financial crisis which, he says, “were either never learned or else were immediately forgotten by …
The tendency to relate contemporary events to earlier events as a guide to understanding is a powerful one. The difficulty, of course, is in being certain that two situations are truly comparable. …