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Every major technological revolution creates the same illusion. People believe the new technology changes the rules. Usually it changes the economics. The rules of sound decision making remain remarkably constant. Every major technological revolution creates the same illusion. People believe the new technology changes the rules. Usually, it changes the economics. AI reduces the cost…
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“They say the darkest hour is just before dawn.” I’ve always liked the saying. So positive. So dramatic. So hopeful. The new day with new possibilities lies ahead, beyond the nadir of void and confusion of darkness. But is it really the darkest hour? We early risers actually know better. Start your morning run at…
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The saying is, “Work smart, not hard.” Really? Have you ever trained for a race by thinking about it? I haven’t. I’m not an elite runner. Never was. My runs are hard. I’m still not particularly fast, but that’s beside the point. That’s how I get better. I was on vacation recently. Frustrated by a…
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Watching Jalen Brunson celebrate the Knicks championship, many focused on his hard work, tenacity, and class. Some pointed to the moment he sought out the opposing coach before celebrating. Others focused on the years of dedication required to reach the pinnacle of his profession. The moment that struck me was different. It was the embrace…
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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…
Financial Foundations with Jim Curham 