Be An Early Mover By Challenging Conventional Wisdom

Burton Malkiel has been saying the same thing about investing for more than 40 years. What’s new is that a big chunk of the financial industry now admits he was right all along. In 1973, Malkiel, a Princeton professor, published the first version of his...
Continue reading »

The Danger When Managing The Little Lies

But testing the truth of what appears obvious is kind of what science is all about, and the latest study, conducted by researchers from University College London and Duke University, set out to test whether telling small lies really did pave the way for telling...
Continue reading »

The Trend Is Your Friend

Check out the stunning numbers recently cited in a New York Times article: 1 percent of Baby Boomers claimed to be vegetarian, which then progressed to 4 percent of Gen X’ers saying no to meat, and onward to an even bigger bump with roughly 12...
Continue reading »

Good Management Won’t Save A Poor Product

Samsung declined to comment on whether it moved up the Note 7 launch to beat Apple’s. “Timing of any new mobile product launch is determined by the mobile business division based on the proper completion of the development process and the readiness of the product...
Continue reading »

Your Big Data Is At Your Fingertips

So Bull Moose was able to anticipate demand for then-unknown bands such as Pearl Jam and Limp Bizkit before competitors. “We ordered stuff far better than others,” Wickard says, “but we also returned far less merchandise.” Over the past two decades, Wickard and a handful...
Continue reading »

How To Make Pseudo-controversial Changes

On the subject of making pseudo-controversial changes to classic Marvel characters, [Marvel’s Senior Vice President David] Gabriel added that internet outrage is never a good indicator of what actual comic book readers and fans want. “The first thing we do is watch the sales. If...
Continue reading »

Recognizing The Disconnects In Common Wisdom

Employers are recognizing the disconnect between college and career readiness. Google, for instance, changed its hiring strategies after Laszlo Bock, senior vice president of people operations, analyzed their data and found no correlation between job performance and an employee’s GPA, SAT’s, or college pedigree. Google...
Continue reading »

Purpose Has Become Incredibly Important

Purpose has become incredibly important to them. What we learned is that young people want to do good as well as do well. They really do want to come to work thinking that they’re going to do something that matters. So our purpose is “EY,...
Continue reading »

Overcoming Bounded Rationality

Then there are the limits on our abilities to make good decision.  Due to constraints on cognitive abilities, time and access to information as well as the interplay of emotions, humans operate under what is know as bounded rationality. This holds that even though we...
Continue reading »

No Definitive Evidence

Although it offers no definitive evidence that senior Obama administration officials ordered the reports to be doctored, it describes analysts as feeling as though they were under pressure from Centcom leaders to present a more optimistic view of the threat posed by the Islamic State,...
Continue reading »

Experts Really Know Nothing

What’s the worst advice you ever got? Listen to what your boss tells you. My boss never liked the idea of Spider-Man. He didn’t want to do it. I had to sneak Spider-Man into another book, over my boss’s head. Experts really know nothing. Stan Lee...
Continue reading »

Puttting Management On Autopilot

“Tesla is consistently introducing enhancements proven over millions of miles of internal testing to ensure that drivers supported by Autopilot remain safer than those operating without assistance,” the company said in a July 14 response. “We will continue to develop, validate, and release those enhancements...
Continue reading »

Refactoring Stream-Of-Thought Management

Refactoring not only helps improve the mechanical quality of code; it also helps you learn from your code. When refactoring, you converge on better models. Right now, your code works, but it may feel tense, even a bit brittle. Refactoring reveals the implicit model, which...
Continue reading »