The Moment of Clarity: Using the Human Sciences to Solve Your Toughest Business Problems Hardcover

The Moment of Clarity: Using the Human Sciences to Solve Your Toughest Business Problems Hardcover

by Christian Madsbjerg  (Author), Mikkel B. Rasmussen  (Author)

Businesses need a new type of problem solving. Why? Because they are getting people wrong.

Traditional problem-solving methods taught in business schools serve us well for some of the everyday challenges of business, but they tend to be ineffective with problems involving a high degree of uncertainty. Why? Because, more often than not, these tools are based on a flawed model of human behavior. And that flawed model is the invisible scaffolding that supports our surveys, our focus groups, our R&D, and much of our long-term strategic planning. Read more of this post

Socrates and the Search For Wisdom

Socrates and the Search For Wisdom

March 28, 2014 by Shane Parrish

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The arrogance of limited knowledge results in foolishness.

This is an excerpt from Plato’s Apology, from Plato: Complete Works (an excellent edition that is part of the Great Books program). Read more of this post

On Machiavelli: The Search for Glory

On Machiavelli: The Search for Glory (Liveright Classics) [Kindle Edition]

Alan Ryan (Author)

Book Description

Publication Date: November 18, 2013

An essential, comprehensive, and accessible guide to the life and works of Machiavelli. Read more of this post

One Simple Idea: How Positive Thinking Reshaped Modern Life

One Simple Idea: How Positive Thinking Reshaped Modern Life [Kindle Edition]

Mitch Horowitz (Author)

Book Description

Publication Date: January 7, 2014

From the millions-strong audiences of Oprah and The Secret to the mass-media ministries of evangelical figures like Joel Osteen and T. D. Jakes, to the motivational bestsellers and New Age seminars to the twelve-step programs and support groups of the recovery movement and to the rise of positive psychology and stress-reduction therapies, this idea–to think positively–is metaphysics morphed into mass belief. This is the biography of that belief. Read more of this post

A Few General Principles Associated With Wise Behavior; What does it mean to be wise? What is Wisdom?

A Few General Principles Associated With Wise Behavior

March 25, 2014 by Shane Parrish

Paul Baltes, once described wisdom as “a topic at the interface between several disciplines: philosophy, sociology, theology, psychology, political science, and literature, to name a few.” Farnam Street aims to be at the crossroad of these disciplines. Read more of this post

How Busy People Make Time to Read – And You Can Too

HOW BUSY PEOPLE MAKE TIME TO READ—AND YOU CAN TOO

HAVEN’T FINISHED A BOOK SINCE COLLEGE? BETWEEN WORK, FAMILY, AND SOCIAL LIVES, TRYING TO FIND TIME TO READ CAN BE MORE EFFORT THAN RELAXING HOBBY. HERE’S HOW TO MAKE MORE TIME FOR YOUR FAVORITE PAGE-TURNERS. Read more of this post

How a 19-year-old hacker behind Oculus Rift set out to invent a gaming headset but ended up reviving a dead technology and building a global communications platform

The Virtual Genius of Oculus Rift

Lev Grossman @leverus

March 26, 2014

How a 19-year-old hacker behind Oculus Rift set out to invent a gaming headset but ended up reviving a dead technology and building a global communications platform, worth $2 billion to Facebook in a surprise deal announced this week Read more of this post

Why Are Physicists Drawn to Economics?

MARCH 21, 2014 BY CHRIS HOUSE

Why Are Physicists Drawn to Economics?

Even before the financial crisis, there has always been a surprising number of ex-physicists who find their way to graduate study in economics. It could be that many of these math-physics people have simply concluded that they no longer like physics and are interested in economics instead. (Moreover, the job market for economics Ph.D’s is much better than the job market for physics Ph.D’s.) I suspect however that some of them are here because they have some incorrect perceptions about the field. A student with a mathematical-physics background could easily convince himself that he has superior mathematics abilities than typical economists and superior statistical and computational skills than most economists.[1] He might go on to conclude that, as a consequence of his superior mathematical and computational abilities, he should be able to enter economics and start contributing quickly and easily. He might also anticipate that he could easily adapt established models or techniques in physics to study economic phenomena and impress the profession. Read more of this post

Up to RMB5tn of loans to become due for repayment this year

Up to RMB5tn of loans to become due for repayment this year

Staff Reporter

2014-03-29

China will see between 4 trillion and 5 trillion yuan (US$645 billion-$805 billion) worth of trust products coming due this year, and nearly 300 billion yuan (US$48.3 billion) of corporate bonds facing repayment, raising the curtain for possible defaults in the financial market, Beijing’s Economic Information Daily reports. Read more of this post

Bitcoin trading accounts banned in China: report

Bitcoin trading accounts banned in China: report

Staff Reporter

2014-03-29

The People’s Bank of China, the nation’s central bank, has ordered banks and third-party payment companies to close all bitcoin trading accounts at more than 15 exchanges across the country, Shanghai-based China Business News reports. Read more of this post

Cheap graves prove unpopular with Chinese living

Cheap graves prove unpopular with Chinese living

2014-03-29

Chinese people are grappling with the mounting prices of grave sites, but at the same time, they have shown little interest in low-priced burial places for their relatives. Read more of this post

Beware growing ‘parentocracy’ in Singapore: NIE don; He warns of students who get ahead thanks to parents with more resources, not merit

Beware growing ‘parentocracy’: NIE don

He warns of students who get ahead thanks to parents with more resources, not merit

image001-10 Read more of this post

Big Data in Finance: Sentiment-extraction from News

Big Data in Finance: Sentiment-extraction from News

Using big data in finance: Example of sentiment-extraction from news articles
Nitish Sinha
FEDS Notes, March 26, 2014

There is much discussion and research in finance on using “big data” to understand market “sentiment.” In this note, I will draw on some of my own research in behavioral finance–Sinha (2010) and Heston and Sinha (2013)–to share my perspective the current state of affairs in this area, particularly on the meaning of “sentiment” in the context of big data research.1

Read more of this post

‘Card Factory has 16 years of unbroken like-for-like sales growth’; Richard Hayes, chief executive, says the retailer has opened a shop a week for the past decade; The average British person buys 30 greetings cards a year

‘Card Factory has 16 years of unbroken like-for-like sales growth’

Richard Hayes, chief executive, says the retailer has opened a shop a week for the past decade

Private equity group Charterhouse bought Card Factory for £350m in 2010 and is understood to be working with UBS and Morgan Stanley on an IPO Photo: PA

image001-9 Read more of this post

Start-up advice from Innocent and Skype founders

Start-up advice from Innocent and Skype founders

Entrepreneurial trailblazers Niklas Zennström and Richard Reed help to mentor three start-ups as part of the Albion Startup Kitchen series

Cooking up a start-up storm: (from left) Jonathan Mulonson, Martin Johnson, Niklas Zennström, Skype’s founder; Richard Reed of Innocent Drinks; Ed Cowburn and Emily Brooke  Read more of this post

Business has the power to do immense good; Business leaders – and shareholders – need to be thoughtful about the kind of organisations they are trying to build over the long term

Business has the power to do immense good

Business leaders – and shareholders – need to be thoughtful about the kind of organisations they are trying to build over the long term

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Sir Andrew says it is important to remember that the millions of people who work for businesses each have the potential to do good for the communities they are part of Photo: Bethany Clarke Read more of this post

Battle of the Dash: Tech Companies Try to Get Their Apps in a Row

Battle of the Dash: Tech Companies Try to Get Their Apps in a Row

By JOHN R. QUAINMARCH 28, 2014

Will Apple’s CarPlay dominate the dashboards of future cars? Is Ford planning to kick Microsoft out of its Sync system? Are Audi and General Motors going for Google? Or does QNX, a dark horse whose software is already in tens of millions of vehicles, have the cards to trump other high-tech companies? Read more of this post

Did Facebook Buy Virtual Reality Too Soon?

Did Facebook Buy Virtual Reality Too Soon?

By NICK BILTON

I wasn’t in the room when Mark Zuckerberg tried on the Oculus Rift virtual reality goggles for the first time, but if it was anythinglike my experience, I’m pretty sure I can guess how he reacted. Read more of this post

Setback for High Blood Pressure Treatment; A large study showed that renal denervation, which more than 80 countries have already approved, was no more effective than a “sham” procedure

Setback for High Blood Pressure Treatment

By DENISE GRADYMARCH 29, 2014

A promising treatment for severe high blood pressure has failed in a large, rigorous study, doctors reported on Saturday.

The treatment, called renal denervation, involves threading a tube through blood vessels into the renal arteries, then zapping them with radio-frequency energy to kill nerve endings. Read more of this post

Tom Erickson of Acquia, on the Philosophy of ‘Ready, Fire, Aim’; The chief executive of an open-source software company says he wants to hire people “who are going to jump in and own their work, who are going to risk something, and risk failing.”

Tom Erickson of Acquia, on the Philosophy of ‘Ready, Fire, Aim’

MARCH 29, 2014

By ADAM BRYANT

This interview with Tom Erickson, chief executiveof Acquia, an open-source software company, was conducted and condensed by Adam Bryant. Read more of this post

The Artificial Leaf Is Here. Again. An energy source based on photosynthesis still appears tantalizingly close. But consumers first need to become accustomed to what else is needed for it to work

The Artificial Leaf Is Here. Again.
By JACK HITTMARCH 29, 2014

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Prof. Daniel Nocera in his laboratory at Harvard. The artificial leaf he developed — mimicking the process of photosynthesis in plants — will require widespread use of fuel cells if it is to become an energy source for the mass market. CreditMylan Cannon/The New York Times Read more of this post

How to Think About the Risk of Autism

How to Think About the Risk of Autism

By SAM WANG

STUDY published last week found that the brains of autistic children show abnormalities that are likely to have arisen before birth, which is consistent with a large body of previous evidence. Yet most media coverage focuses on vaccines, which do not cause autism and are given after birth. How can we help people separate real risks from false rumors? Read more of this post

In Some Ways, It’s Looking Like 1999 in the Stock Market

In Some Ways, It’s Looking Like 1999 in the Stock Market

MARCH 29, 2014

By JEFF SOMMER

It sure looks like a bubble.

Maybe not the entire stock market, but consider this: Airbnb, an Internet middleman that connects travelers and people with rooms to rent, was recently valued at more than $10 billion. Read more of this post

How to Harm Investors; Proposed crowdfunding rules by the Securities and Exchange Commission need to be thoroughly reworked

How to Harm Investors

By THE EDITORIAL BOARDMARCH 29, 2014

Before Facebook paid $2 billion last week to buy Oculus VR, a virtual reality headset maker, 9,500 people donated $2.4 million via Kickstarter, the crowdfunding website, to get Oculus off the ground. Those early donors got thank-you notes, T-shirts or prototype headsets, but not a piece of the company. Donations through Kickstarter are just that, donations, not investments. Read more of this post

How Businesses Use Your SATs; “Today the SAT is actually too easy, and that’s why Google doesn’t see a correlation. Every single person they get through the door is a super-high scorer.”

How Businesses Use Your SATs

By SHAILA DEWANMARCH 29, 2014

THE news about the SAT has been confusing lately. On one hand, so many colleges and universities have opted not to require it that the College Board, which administers the SAT, has announced a top-to-bottom revamp because the test is out of step with today’s academic expectations. On the other hand, many employers are still asking job applicants for their test scores, even if they are years out of date. Read more of this post

Warner’s C.E.O. Is Bullish on the Big Screen; When a quiet and courteous DVD executive named Kevin Tsujihara ascended to the Warner Bros. throne last year, Hollywood did not know quite what to make of him

Warner’s C.E.O. Is Bullish on the Big Screen

By BROOKS BARNESMARCH 29, 2014

Kevin Tsujihara, C.E.O. of Warner Bros., in a recording studio with a scene from “The Lego Movie.” The film, a surprise hit for Warner, came after it acquired the maker of Lego video games — a deal he engineered.  Read more of this post

Encryption Companies Rise as Anxiety Over Data Mounts

Encryption Companies Rise as Anxiety Over Data Mounts

By John Biers on 02:07 pm Mar 29, 2014

New York. Investors are pumping millions of dollars into encryption as unease about data security drives a rising need for ways to keep unwanted eyes away from personal and corporate information. Read more of this post

The new ‘silk road’, a rail link from China’s factories to Europe

The new ‘silk road’, a rail link from China’s factories to Europe

POSTED: 30 Mar 2014 10:30
One of the world’s longest railways — a “modern-day silk road” — covers some 11,000 kilometres (7,000 miles) en route from the Chinesee megacity of Chongqing to Duisburg, a key commercial hub in western Germany. Read more of this post

Tory Burch Is Launching A Lululemon Killer

Tory Burch Is Launching A Lululemon Killer

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HAYLEY PETERSON RETAIL  MAR. 29, 2014, 2:37 AM

Lululemon has a new threat to its activewear empire.  Read more of this post

Wal-Mart Says This Is The Delivery Truck Of The Future

Wal-Mart Says This Is The Delivery Truck Of The Future

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BENJAMIN ZHANG TRANSPORTATION  MAR. 29, 2014, 5:16 AM

Wal-Mart has unveiled a new prototype for a delivery truck it says will significantly reduce its delivery fleet’s emissions. Read more of this post