Tag: Sanjay Bakshi

An Introduction to Creativity

Professor Sanjay Bakshi teaches MBA students “Behavioral Finance & Business Valuation (BFBV)” and “Financial Shenanigans & Governance” at MDI, Gurgaon. He was kind enough to put together a list of reference material for Farnam Street readers (books/videos) that he uses on the subject of creativity.

Creative Whack Pack (see some hand-picked examples)

An illustrated deck of 64 creative thinking strategies that will whack you out of habitual thought patterns and enable you to look at your life and actions in a fresh way. Use the cards alone or with others to seek innovative solutions to issues.

Innovative Whack Pack (see some hand-picked examples)

Each card in the deck packs a two-sided creative punch. One side has a provocative insight about innovation from Heraclitus, the world’s first creativity teacher. These 2,500 year old ideas – such as “You can’t step into the same river twice,” “Everything flows,” “That which opposes produces a benefit,” and “Dogs bark at what they don’t understand” -will give you a fresh perspective. The other side contains a creativity strategy inspired by each insight.

Where Good Ideas Come From: The Natural History of Innovation

The printing press, the pencil, the flush toilet, the battery—these are all great ideas. But where do they come from? What kind of environment breeds them? What sparks the flash of brilliance? How do we generate the groundbreaking ideas that push forward our lives, our society, our culture? Steven Johnson’s answers are revelatory as he identifies the seven key patterns behind genuine innovation, and traces them across time and disciplines. From Darwin and Freud to the halls of Google and Apple, Johnson investigates the innovation hubs throughout modern time and pulls out applicable approaches and commonalities that seem to appear at moments of originality. What he finds gives us both an important new understanding of the roots of innovation and a set of useful strategies for cultivating our own creative breakthroughs.

A Whole New Mind: Why Right-Brainers Will Rule the Future

The future belongs to a different kind of person with a different kind of mind: artists, inventors, storytellers-creative and holistic “right-brain” thinkers whose abilities mark the fault line between who gets ahead and who doesn’t.

Disciplined Dreaming: A Proven System to Drive Breakthrough Creativity

Linkner distills his years of experience in business and jazz — as well as hundreds of interviews with CEOs, entrepreneurs, and artists — into a 5-step process that will make creativity easy for you and your organization. The methodology is simple, backed by proven results.

I Never Metaphor I Didn’t Like: A Comprehensive Compilation of History’s Greatest Analogies, Metaphors, and Similes

Describing something by relating it to another thing is the essence of metaphorical thought. It is one of the oldest activities of humankind—and one of the most impressive when done skillfully. Throughout history, many masters of metaphor have crafted observations that are so spectacular they have taken up a permanent residence in our minds.

Iconoclast: A Neuroscientist Reveals How to Think Differently

Though indispensable, true iconoclasts are few and far between. In Iconoclast, neuroscientist Gregory Berns explains why. He explores the constraints the human brain places on innovative thinking, including fear of failure, the urge to conform, and the tendency to interpret sensory information in familiar ways.

Steve Jobs

At a time when America is seeking ways to sustain its innovative edge, and when societies around the world are trying to build digital-age economies, Jobs stands as the ultimate icon of inventiveness and applied imagination. He knew that the best way to create value in the twenty-first century was to connect creativity with technology. He built a company where leaps of the imagination were combined with remarkable feats of engineering.

Einstein: His Life and Universe (by Walter Isaacson)

How did his mind work? What made him a genius? Isaacson’s biography shows how his scientific imagination sprang from the rebellious nature of his personality. His fascinating story is a testament to the connection between creativity and freedom.


Ted talks by Hans Rosling

Stats that reshape your worldview (2006)
New insights on poverty(2007)
New facts and stunning data visuals (2009)
Let my dataset change your mindset (2009)
Asia’s rise — how and when (2009)
Global population growth, box by box (2010)
The good news of the decade? (2010)
The magic washing machine (2011)
Religions and babies (2012)

Steve Jobs Presentations (some examples below)

Apple Keynote — The “1984” Ad Introduction (1983)
Stanford Commencement Speech (2005)
iPhone Presentation (2007)
iPad Presentation (2010)
Steve Jobs Presents to the Cupertino City Council (2011)

Steven Johnson’s Ted Talk

People often credit their ideas to individual “Eureka!” moments. But Steven Johnson shows how history tells a different story. His fascinating tour takes us from the “liquid networks” of London’s coffee houses to Charles Darwin’s long, slow hunch to today’s high-velocity web.

Elizabeth Gilbert’s Ted talk on “A Different Way to Think About Creative Genius”

The author of Eat, Pray, Love, Elizabeth Gilbert muses on the impossible things we expect from artists and geniuses — and shares the radical idea that, instead of the rare person “being” a genius, all of us “have” a genius. It’s a funny, personal and surprisingly moving talk.

Tim Brown’s Ted talk on “The powerful link between creativity and play”

Tim Brown is the CEO of the “innovation and design” firm IDEO — taking an approach to design that digs deeper than the surface.

TEDTalks : Creativity, fulfillment and flow – Mihaly Csikszentmihalyi (2004)

Mihaly Czikszentmihalyi asks, “What makes a life worth living?” Noting that money cannot make us happy, he looks to those who find pleasure and lasting satisfaction in activities that bring about a state of “flow.”

Ken Robinson’s TED talks

Creativity expert Sir Ken Robinson challenges the way we’re educating our children. He champions a radical rethink of our school systems, to cultivate creativity and acknowledge multiple types of intelligence.
schools kill creativity (2006)
Bring on the learning revolution! (2010)
Changing education paradigms 2010

Roger Von Oech: Creative Whack Pack

A nice follow up to the Innovative Whack Pack is the Creative Whack Pack.

Professor Sanjay Bakshi was kind enough to share some of his favorites with Farnam Street readers.

Ask What If?
Creative Whack Pack

Beware the Unintended
Creative Whack Pack

Change Viewpoints
Creative Whack Pack

Check your Timing
Creative Whack Pack: Check Your Timing

Dig Deeper
Creative Whack Pack: Dig Deeper

Make a Metaphor
Creative Whack Pack: Make a Metaphor

Still curious?
I’ve shared six of the cards with you but the Creative Whack Pack has 64 in all, so don’t miss out.

Roger Von Oech: Innovative Whack Pack

You want to be more innovative right?

Professor Sanjay Bakshi shares with Farnam Street readers some of his favorite cards from Roger Von Oech’s Innovative Whack Pack.

Spot the Opportunity

A leading business school did a study that showed that its graduates did well at first, but in ten years, they were overtaken by a more streetwise, pragmatic group. The reason according to the professor who ran the study: “We taught them how to solve problems, not to recognize opportunities.”

Getting Away from the Problem

Archimedes, the third-century BC Greek mathematician, was asked to determine the purity of a gold crown suspected of being adulterated with silver by the crown’s goldsmith. Archimedes knew the weight per volume unit of gold, but since the crown was a holy object, he ruled out solutions such as melting it or hammering it into a measurable cube. After several frustrating weeks of not finding an answer, Archimedes decided to get away from the problem altogether by going to the public baths. There he watched absentmindedly while the water rose with the immersion of his body in the tub. Suddenly inspiration dawned: why not use the same immersion process with the crown? Because gold is denser than silver, he realized that the water would not rise as high for a solid gold crown as for one containing silver.

Update: Part of this is incorrect. A solid gold crown and one containing silver will displace the same amount of water. Because he knew the density of gold, Archimedes was able to compare the density of the crown to that of gold. This allowed him to determine if it was gold, silver, or some combination of the two. For more, see this explanation of calculating density using Archimedes’ water displacement here.

Back Off

In other words, sometimes delaying action can be the best course of action. That’s because while you are waiting, you can gather more information about the most fruitful way to proceed.

For example, designer Christopher Williams tells a story about an architect who built a cluster of large office buildings that were set on a central green. When construction was completed, the landscape crew asked him where he wanted the pathways between the buildings.

“Not yet,” the architect said. “Just plant the grass solidly between the buildings.”

This was done, and by late summer pedestrians had worn paths across the lawn, connecting building to building. The paths turned in easy curves rather than right angles, and were sized according to traffic.

In the fall, the architect simply paved the pathways. Not only did the new pathways have a design beauty, they responded directly to user needs.

Moral: pause for a bit and let the important things catch up with you.

Disrupt Success
Innovative Whack Pack

See the opposite viewpoint
Innovative Whack Pack


(images posted with the permission of Roger Von Oech)

Kantian Fairness Tendency: The World Isn’t Fair

The Kantian Fairness Tendency refers to the pursuit of perfect fairness which causes a lot of terrible problems. Stop expecting the world to be fair and adjust your behavior accordingly.

To learn about this mental model we turn to Charlie Munger, who mentioned it twice.

First in this UCCB talk entitled Academic Economics — Strengths and Weaknesses, after Considering Interdisciplinary Needs where he said:

It is not always recognized that, to function best, morality should sometimes appear unfair, like most worldly outcomes. The craving for perfect fairness causes a lot of terrible problems in system function. Some systems should be made deliberately unfair to individuals because they’ll be fairer on average for all of us. I frequently cite the example of having your career over, in the Navy, if your ship goes aground, even if it wasn’t your fault. I say the lack of justice for the one guy that wasn’t at fault is way more than made up by a greater justice for everybody when every captain of a ship always sweats blood to make sure the ship doesn’t go aground. Tolerating a little unfairness to some to get a greater fairness for all is a model I recommend to all of you. But again, I wouldn’t put it in your assigned college work if you want to be graded well, particularly in a modern law school wherein there is usually an over-love of fairness-seeking process.

The second time was in his essay entitled: The Psychology of Human Misjudgment:

Kant was famous for his “categorical imperative,” a sort of a “golden rule” that required humans to follow those behavior patterns that, if followed by all others, would make the surrounding human system work best for everybody. And it is not too much to say that modern acculturated man displays, and expects from others, a lot of fairness as thus defined by Kant.

In a small community having a one-way bridge or tunnel for autos, it is the norm in the United States to see a lot of reciprocal courtesy, despite the absence of signs or signals. And many freeway drivers, including myself, will often let other drivers come in front of them, in lane changes or the like, because that is the courtesy they desire when roles are reversed. Moreover, there is, in modern human culture, a lot of courteous lining up by strangers so that all are served on a “firstcome-first-served” basis.

Also, strangers often voluntarily share equally in unexpected, unearned good and bad fortune. And, as an obverse consequence of such “fair-sharing” conduct, much reactive hostility occurs when fairsharing is expected yet not provided. It is interesting how the world’s slavery was pretty well abolished during the last three centuries after being tolerated for a great many previous centuries during which it coexisted with the world’s major religions. My guess is that Kantian Fairness Tendency was a major contributor to this result.

* * *

Professor Sanjay Bakshi makes a connection between the Kantian Fairness Tendency and the “law of the higher good” in reference to Machiavelli’s famous book The Prince. Bakshi said this to his students:

Machiavelli’s “The Prince” is a great book and should be made compulsory reading for all MBA students.

To many people, The Prince is an evil book. But Joseph L. Badaracco, who teaches a hugely popular course titled “The Moral Leader” at the Harvard Business School uses this book to teach ethics. And he teaches ethics by telling students to follow Machiavelli’s advice in The Prince.

In an interview, Badaracco has said that four different takes on The Prince usually emerge in classroom discussions of The Prince at HBS:

Version 1 : “This book is a mess. It was written by a guy who hoped to get to the center of things, was there briefly, offended some of the wrong Medicis, was exiled, was tortured, and wanted to get back in.” It’s “a scholar’s dream because you can find anything you want in it and play intellectual games. But just put it aside.”

Version 2 : “Now wait a minute. There’s some good common sense in there. Machiavelli is basically saying that if you want to make an omelet you have to break some eggs… To do some right things, you may have to not do some other right things.”

Version 3 : Other students believe the book is still around because it’s so evil. Why is it evil? “If you look closely at The Prince,” he said, “it’s quite interesting what isn’t in the book. Nothing about religion. Nothing about the Church. Nothing about God. There’s nothing about spirituality. Almost nothing about the law. Almost nothing about traditions. You’re out there on your own doing what works for you in terms of naked ambition.”

Version 4 : “A fourth Prince that other students uncover is the most interesting one, in Badaracco’s mind. Students find that the book reveals a kind of worldview, he says, and it’s not an evil worldview. This version goes: “If you’re going to make progress in the world you’ve got to have a clear sense, a realistic sense, an unsentimental sense, of how things really work: the mixed motives that compel some people and the high motives that compel some others. And the low motives that unfortunately captivate other people.” Students who claim the fourth Prince, Badaracco said, believe that if they’re going to make a difference, it’s got to be in this world, “and not in some ideal world that you would really like to live in.”

One of my favourite mental models comes from The Prince. I call this model, the “law of the higher good“. Before I read The Prince, I read an excellent book called, “The Contrarian Guide to Leadership” by Steven Sample. In this book, which was recommended by Mr. Munger, Sample’s thoughts on the law of the higher good from The Prince resonated very well with what Mr. Munger has been advocating for years.

I reproduce here an extract from Sample’s book which deals with the law of the higher good:

“Let me clarify the most fundamental misunderstanding. Machiavelli was not an immoral or even an amoral man; as mentioned earlier, he had a strong set of moral principles. But he was driven by the notion of a higher good: an orderly state in which citizens can move about at will, conduct business, safeguard their families and possessions, and be free of foreign intervention or domination. Anything which could harm this higher good, Machiavelli argued, must be opposed vigorously and ruthlessly. Failure to do so out of either weakness or kindness was condemned by Machiavelli as being contrary to the interests of the state, just as it would be contrary to the interests of a patient for his surgeon to refuse to perform a needed operation out of fear that doing so would inflict pain on the patient.”

The law of the higher good is a terribly useful model for leaders because it forces them to think about things from a totally different perspective.

Here’s a hypothetical situation to ponder about:

You are in charge of running a retail store and one of your cashiers, an elderly woman, is caught committing a minor embezzlement. Fearing that she might be dismissed, she approaches you to plead forgiveness. She tells you that this is the first time she embezzled money from the company and promises that she’ll never do it again. She tells you about her sad situation, namely that her husband is very ill and that she was going to use the money to buy medicines for him. She becomes extremely emotional and your heart is melting. What do you do?

Something similar to the above situation was described by Mr. Munger in a talk given by him. He used two models to produce his answer. The first model was probability. Mr. Munger implores you to reduce the problem to the mathematics of Fermat/Pascal by asking the question: How likely is it that the old woman’s statement, “I’ve never done it before, I’ll never do it again” is true?

Note that this question has nothing whatsoever to do with the circumstances in this particular instance of embezzlement. Rather, Munger is relying on his knowledge of the theory of probability. He asks: “If you found 10 embezzlements in a year, how many of them are likely to be first offences?”

The possible actions are: (1) She is lying and you fire her (good outcome – because it cures the problem and sends the right signals); (2) She is telling the truth and you fire her (bad outcome for her but good outcome for system integrity); (3) She is lying and you pardon her (bad outcome for system integrity); and (4) She is telling the truth and you pardon her (bad outcome for system integrity because it will send the wrong signal that its ok to embezzle once).

Weighed with probabilities, and after considering signalling effects of your actions on other people’s incentives and its effect on system integrity, its clear that the woman should be fired.

Looked this way, this is not a legal problem or an ethical problem. Its an arithmetical problem with a simple solution. This extreme reductionism of practical problems to a fundamental discipline (in this case mathematics), is, of course, the hallmark of the Munger way of thinking and living.

So, from a leader’s perspective, it’s more important to have the right systems with the right incentives in place, rather than trying to be fair to one person – even if that person is the leader or someone close to the leader.

The logic is that leaders must look at such situations from their civilization’s point of view rather than the viewpoint of an individual. If we create systems which encourage embezzlements, or tolerate such systems, we’ll ruin our civilization. If we don’t punish the woman, the idea that its ok to do minor embezzlement once in a while, will spread because of incentive effects, and social proof (everyone’s doing it so its ok). And we cannot let that idea spread because that will ruin our civilization. Its that simple.

Kantian Fairness is part of the Farnam Street latticework of Mental Models.