—“By early middle age, individuals > 90th percentile in IQ have, typically, more than twice the wealth of individuals who are of average IQ.”—
Source date (UTC): 2015-04-15 01:55:00 UTC
—“By early middle age, individuals > 90th percentile in IQ have, typically, more than twice the wealth of individuals who are of average IQ.”—
Source date (UTC): 2015-04-15 01:55:00 UTC
2001 to 2007, 3M-4M Units per year. (Steady)
2009 increases to 5.6M units.
2010 maintains 5.6M units.
2012 spikes to 8.6 million units.
2013 a record 10.8 million units.
In other words, the consumption of guns has tripled under Obama.
(ATF Data)
Source date (UTC): 2015-04-09 13:38:00 UTC
http://www.overcomingbias.com/2015/04/firms-are-56-dark-matter.htmlONE OF THE MOST IMPORTANT NEW DISCUSSIONS IN ECONOMICS.
I gave a talk to Ascentium staff about this trend and how it would effect marketing and advertising in 2009. But it was too far over the horizon for the audience.
What does this mean for policy. What does it mean for accounting and reporting. What does it mean for brands?
I was more interested in what it meant for executives and finance and reporting than brands.
And I think brand people work in much shorter time horizons. So there isn’t advantage to being an early mover as much as moving once the old habits stop working.
But for the c-level, we work on long horizons. And we must be aware that the government trails us.
So developing internal management, information and accounting systems that adhere to policy is a death trap.
Instead we must separate external financial accounting from management accounting. And we should account for and measure our “dark matter”.
That returns us to measuring brand value.
As these numbers indicate, that is your MOST IMPORTANT ASSET.
Culture is you next most important asset.
Capital will remain free through 2025 at the earliest and under deflationary pressure.
So IP, culture that attracts talent, and brand loyalty are your only material assets.
Let the government tax you as if we still lived in the age of telegraph and sail.
But measure culture, build talent, and measure customer loyalty. And brand value.
Business norms like cultural norms and policy adapt more slowly than circumstances change.
Overcoming Bias : Firms Now 5/6 Dark Matter!
Source date (UTC): 2015-04-07 06:21:00 UTC
https://www.astonmartin.com/en/live/news/2015/03/03/aston-martin-dbx-concept-challenges-conventionDAMN. ASTON MARTIN DID IT.
The car industry is slow. And really, not very good at design. Cars should be designed by crowdsource whenever possible.
A few years ago, a small company crowdsourced the design of a rally car. And it looks like a Camaro.
Now if we can get the existing Camaro in AWD, a 2″ Lift, and Oversized Tires, the car gods will have spoken.
Source date (UTC): 2015-04-07 03:34:00 UTC
https://www.quora.com/What-is-peak-capitalism
https://www.quora.com/What-are-the-pros-and-cons-of-us-humans-building-a-global-Utopia
https://www.quora.com/What-is-peak-capitalism
https://www.quora.com/What-are-the-pros-and-cons-of-us-humans-building-a-global-Utopia
STATING THE OBVIOUS: WHO TO HIRE FOR MIDDLE MANAGEMENT
I advocate project-based business organizations (dynamic teams), not department based organizations (bureaucracies). Project organizations produce a market for good behavior internally. Bureaucracies produce a market for bad behavior.
A departmental manager (a monitor) is always inferior to a project manager(who has concrete objectives in a finite time period.).
Unfortunately project organization requires constant learning and adaptation, and there are vast portions of the population who must learn by doing – and some very slowly.
Internal project managers with emphasis on customer service, hire women who have played sports in school.
External project managers with emphasis on customer service, hire women who have experience in sales, and who are attractive, and know how to employ it.
External project managers with emphasis on risk mitigation, hire men who have even just a little sports experience, and some sales experience.
Women without a feminist chip on their shoulders generally improve the work place.
Gay men without a chip on their shoulders, generally improve the work place as much or more so than women.
The more I work on propertarianism the more I see humans as a distribution of sense-perception systems that transmit information by voluntary exchanges. And the more useful I see various perceptions, as long as the customer satisfaction, profitability, and individual responsibility take precedence over personal interest.
Even from someone who was not serious about team sports (wrestling is pretty individualistic), it is obvious that if you do not play some sport or other, you are very likely an incomplete person.
The military is a man’s best team sport. Football is a decent substitute. You get hurt if people don’t hold up their end. Scoring goals in soccer is not a substitute for being tackled. And in business, and in life, we are all hurt when others don’t hold up their end.
Source date (UTC): 2015-03-21 03:31:00 UTC
Biz.
Unfortunately, I cannot rush understanding. It proceeds apace. It is done when it is done.
Producing deliverables in a timely fashion that satisfy requirements but which are not correct is not something I have ever been able to do.
And, supplying information is not he same as supplying insight.
So we soldier on.
Source date (UTC): 2015-03-20 00:42:00 UTC