Category: Decision Making

Avoid Licking Frozen Metal Things


The purpose of learning is to make our lives easier. When a mistake has been made, learn from it and avoid it in future. That seems easy enough. But, how to learn? What to learn? And, when to learn it? What to learn is… Continue Reading “Avoid Licking Frozen Metal Things”

Can Tactics Be General?


Sometimes tactics get in the way.  Even good tactics.  Sometimes they are too narrowly defined to be implemented successfully.  Too narrow tactics are hard to teach and they are hard for a client to connect to or control. Sometimes you need a more general… Continue Reading “Can Tactics Be General?”

You Can’t Make This Stuff Up


Will Rogers used to say that it was easy to be a humorist.  He had the whole congress writing material for him.  Not too different today.  Certainly Jon Stewart has no trouble finding worthy material. Here is another. On Tuesday, December 17 a huge… Continue Reading “You Can’t Make This Stuff Up”

Is More Less?


Which is less risky?  All your eggs in one basket or a widely diversified collection of partly full baskets.  Unless you believe in an orderly, statistically justified world, the answer is unclear.   If you believe in that, then many baskets will likely work… Continue Reading “Is More Less?”

The Self Licking Ice Cream Cone Problem


Recall the Peter Principle – Item 2.  “Whether the mission expands or contracts, bureaucratic overhead grows at a steady rate.”  According to Laurence Peter, at a rate of somewhat more than 5% annually.  5% growth will double the base every 14 years.  That rate… Continue Reading “The Self Licking Ice Cream Cone Problem”

Buying A Used Car


There are two clear ways to go about solving the car ownership format question.  New or used.  Each has its own cost structure.  Consider the total cost of ownership either by year or by the mile. Total cost of ownership includes the capital consumed… Continue Reading “Buying A Used Car”

What If Stupid Hurt?


Why do people put off the decision to own life insurance?  Pretty simple really.  There is a cost but no benefit to the present self and a benefit for the future self that cannot be enjoyed by the present self.  In these situations the… Continue Reading “What If Stupid Hurt?”

More On Decisions


All decisions include an element of risk.  That is why some people have trouble with them.  Even people who deal with the risk part effectively and presumably make “better” decisions are sometimes wrong to do it the way they do. For the weak decision… Continue Reading “More On Decisions”

How Important Is Innovation


I recently saw a cleverly designed GIF that claimed that innovation turns dreams into reality.  If the medium is the message then some will take this message seriously.  Anyone who has done any planning knows that it is not true. Dreams turn into reality… Continue Reading “How Important Is Innovation”

Value Added Means Something


There is an easy way to make your life harder.  It is so easy that it can be done accidentally.  The way you do it is to take responsibility for, or to claim credit for, things that are not within your control. Chris Reynolds,… Continue Reading “Value Added Means Something”

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