The speed at which things are adapting is accelerating. Everyone can feel this, but not everyone is able to put their finger on HOW they should respond to it. The pitfall I see is that many old-school thinkers are ignoring the speed at which things are changing with the excuse of “this time isn’t different.” On the other side of the spectrum, you h

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This saga was more colorful than today’s studies of pricing anomalies in the derivatives market. Unencumbered by the received wisdom of a business education, I had to figure things out for myself. If you think things through for yourself, you may waste some time, but you also may stumble onto something that has been ignored or disregarded. Doing so

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Possessing agility helps you make good judgments in real time. The neuroscientist John Coates used to be a financial trader. During the bull-market surges that preceded big crashes, Coates noticed that the traders who went on to suffer huge losses had gotten overconfident in ways that were physically observable. They flexed their muscles and even w... See more