Classic Decision Trap: The Market Is Up So Everything Must Be Okay. Right?

December 2, 2009

Disclaimer:  I am not an investment adviser and I don’t give investment advice.  My expertise is in decision making and I am using the information quoted here to make a point about decision making, not about investment strategy. One of the things we talk about when teaching decision making is that decision making is a [...]

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Ritholtz’ Brilliant Book, BailoutNation

December 1, 2009

Barry Ritholtz has written a must read book (assuming you’re interested in how we got in the pickle we’re in) called Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.  Basically I underlined the entire book when I read it. Reading back over my notes I was re-struck (is [...]

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Go-to-Market Paper Available Online

November 21, 2009

I recently republished a paper I wrote some years ago about the how’s and why’s of tuning up your go-to-market strategy.  Here’s the lead on it . . . At some point it occurs to every executive. Maybe it’s a nagging thought in the middle of a meeting or while playing chess with a tough [...]

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Sailing with Pirates: What Was Choice B?

November 21, 2009

Although piracy continues unabated off the Somali coast, “we the people” have largely moved on to more compelling matters like the Palin book barrage, Lou Dobb’s retirement, and oh yes, Health Care reform.  A couple of items did sneak into the popular press in the past week that cause me to wonder “what were the [...]

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Beware the Escalation of Commitment Trap

November 16, 2009

I’m always on the lookout for pieces about decision making at work, or better still, great examples of decision traps at work.  Richard Thaler writes about one of those traps called “escalation of commitment” in the New York Times when he describes a game that’s sometimes called a dollar auction.  I’ve seen it done several [...]

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Lessons Learned From A Guy Who Made $20 Billion in Two Years

November 15, 2009

Here’s a story lead from the WSJ that should get your attention: Even as the financial system collapsed last year, and millions of investors lost billions of dollars, one unlikely investor was racking up historic profits: John Paulson, a hedge-fund manager in New York. His firm made $20 billion between 2007 and early 2009 by [...]

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Hustling the K1200GT Part 2

November 14, 2009

At some point these photos start looking all the same, but what the heck, it’s my blog.  From a recent day teaching advanced street skills at the local track. Moments later Blogged with the Flock Browser

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Stopped by Bikeexif Today

November 14, 2009

For some reason I had not stopped by Bikeexif for the longest time.  It is without question one of the most stunning motorcycle sites on the web.  Shoot, it’s one of the prettiest sites of any description on the web.  Grab a cup of your favorite beverage and go while away the time looking at [...]

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What We Can Learn About Leadership From Conducting

November 14, 2009

This is an absolutely delightful contemplation on leadership through the eyes of a orchestra conductor.  Think about the dynamics such a person must master . . . There is the responsibility to the composer, perhaps a minor one, perhaps one like Mozart who takes tea with the Gods. There are the musicians, each of whom [...]

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Afghanistan Escalation as a Case Study in Decision Making

November 13, 2009

It is surely the height of arrogance to propose an expert point of view on Afghanistan unless you have the relevant information.  I don’t have foreign policy or military expertise, but I do have a point of view on decision making, so at the risk of hubris, here goes . . . One of the [...]

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