Expertise, Psychology, Something completely different

In the beginner’s mind, there are many possibilities…

State a moral case to a ploughman and a professor. The former will decide it as well, and often better than the latter, because he has not been led astray by artificial rules.” Thomas Jefferson wrote this in 1787, but his words remain relevant. Advanced education often narrows our perspective, obstructing our ability to fully evaluate new information or to adapt well to life’s changing circumstances. What we think we know may keep us from grasping new things we need to understand. Zen masters of old likened our capacity to understand to a water bowl: its purpose may be to hold water, but it is only useful to the extent that it is empty. Here’s a real-life example of this metaphor…

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Asset management, Economics, Market research, Market trends, Stock market, trend following

The crucial importance of trends

In Berkshire Hathaway annual report (1985), Warren Buffett wrote the following:

When a management with reputation for brilliance tackles a business with reputation for poor fundamental economics, it is the reputation of the business that stays intact. [1]

My wife and I recently spent some time in Egypt. For a few days we sailed up the Nile from Luxor to Aswan on a cruise ship that counted nearly 70 crew members serving the total of five guests. The manager of the vessel was Mr. Khaled, an impeccably polite and always well dressed man in his 40s who, in spite of running a nearly empty ship managed to keep the crew’s morale high and ran the ship’s operations admirably well. Unfortunately, even if Mr. Khaled were the world’s best cruise ship manager, this particular situation was a good illustration of what Warren Buffet was talking about in his 1985 annual report. Continue reading

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Social development, Something completely different, Truth

Tell the truth, even if it leads to your death!

This is a repost of a 2009 article I wrote on my blog “The Jubilee.” What prompted me to repost it here was this week’s news story about how Amazon.com improved the ratings of Hillary Clinton’s recent book, “Stronger Together.” Truth is sacred and resorting to deception – for whatever reason – isn’t acceptable. As Gandhi said, “there is no god higher than truth.” I do believe this to be the case and of all articles I’d ever posted on my blogs, this is the one I’m most fond of.
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