(Excerpt from Stock Market Wizards by Jack Schwager) Jack Schwager: Did your economics education at Wharton help at all in your career as a stock trader? Steven Cohen: Not much. A few things they taught you were...
(Excerpt from This is Marketing by Seth Godin) Busy people (you know, the kind of people you seek to change) don’t care about your work as much as you do. They’re not as up to date as you are, or as aware of the...
(Excerpt from This is Marketing by Seth Godin) The critic who doesn’t like your work is correct. He doesn’t like your work. This cannot be argued with. The critic who says that no one else will like your work is...
(Excerpt from This is Marketing by Seth Godin) Harvard marketing professor Theodore Levitt famously said, “People don’t want to buy a quarter-inch drill bit. They want a quarter-inch hole.” The lesson is that the...
This is something that I have observed: investors’ confidence in their stocks wavers with the price movements. If prices are going up, they feel very confident about their picks. When prices are going down, they...
(Excerpt from Prisoners of Geography by Tim Marshall) For thirty years it has been fashionable to predict the imminent or ongoing decline of the USA. This is as wrong now as it was in the past. The planet’s most...
(Excerpt from Prisoners of Geography by Tim Marshall) If China did not control Tibet, it would always be possible that India might attempt to do so. This would give India the commanding heights of the Tibetan Plateau...
(Excerpt from Wanting by Luke Burgis) Authoritarian regimes can only stay in existence so long as they can control what people want. We normally think of these regimes as controlling what people can and cannot do...
(Excerpt from Wanting by Luke Burgis) Thick desires are like diamonds that have been formed deep beneath the surface, nearer to the core of the Earth. Thick desires are protected from the volatility of changing...
(Excerpt from Wanting by Luke Burgis) Most people aren’t fully responsible for choosing their own goals. People pursue the goals that are on offer to them in their system of desire. Goals are often chosen for us, by...
