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System 1 versus System 2 thinking. I loved Kahneman’s book, “Thinking, Fast and Slow”. The bat and ball question is a perfect example. Even though I’ve read it many times, that same System 1 reaction still flashes to mind. Of course it is 10 cents. Wrong. The insights in Kahneman’s research are indisputable. Scientifically validated…
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The People Behind the Synergies There is an old saying: A recession is when your neighbor loses their job. A depression is when you lose yours. The number of WARN notices appearing in the news lately—sprinkled between LinkedIn posts from newly minted “Open to Work” connections—suggests we may be in recession territory. Then a close…
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Don’t Get Lazy When AI Coding Hits the Inevitable Bumps You Hoped AI Avoided Legacy systems are inefficient, cumbersome, and bloated. AI-generated code can often achieve the same result far more efficiently. But don’t assume you completely understand what the “result” actually is — or why the legacy code takes winding turns through multiple tables,…
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I spend quite a bit of time thinking about Financial Foundations, particularly in the collections industry. I am also one of the biggest advocates for the very real operational gains AI tools are already introducing into our businesses. As efficient and cost effective as many of these tools have become, however, I increasingly find myself…
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I saw a LinkedIn post recently arguing that companies once only needed a CEO and CFO, but over time accumulated layers of executive roles — CIO, CMO, CHRO, CISO, CPO, and so on — because the volume of information became too large for a CEO to process alone. The conclusion was that AI now changes…
Financial Foundations with Jim Curham 