Monthly Archives: June 2011
Mark Twain famously quipped, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Today’s consultants might describe the same phenomenon as confirmation bias in the decision-making process. It’s one type of cognitive bias, defined as “the tendency to make systematic errors in certain circumstances based on cognitive factors rather than evidence.” Every leader has internal biases, some of them subconscious … Continue reading
Our hosting service is performing some upgrades this Thursday, so there’s a chance we will be briefly off line sometime between 9:00PM and 1:00AM. Thanks for your patience and your readership.
An episode from Honda’s “Dream the Impossible” documentary series features Danica Patrick and echoes our recent book review of Tim Harford’s “Adapt – Why Success Always Starts with Failure“. Success may not always start with failure, but the wise man expects a cameo appearance at some point in the movie. “With all due respect” Ricky Bobby, we think Ms. Patrick and the good people of Honda have a healthier grasp … Continue reading
For the seventh straight year, Texas has been voted the best state for business by Chief Exectuive magazine. 2011’s edition of their annual survey of CEOs includes an excellent interactive map. The Top 10 looks familiar to us, as it constitutes most of the geography in which we have focused our investment efforts for over twenty years now, and adds to the growing list of evidence that some states understand … Continue reading