2 sets of financial institutions to think about, and the political leadership that’s deciding where to throw our money (1) Some made good loans and have lost no money in the recent meltdown. These are the community banks and credit unions that know their business and make good decisions in all market conditions (2) Some […]
Category: leadership
We have the leadership we have earned
It was only a few short days ago as you will recall, that a truly terrible bailout bill was surprisingly defeated in the House of Representatives by a margin of 13 votes. The representatives who voted against the bailout bill were widely regarded as heroic by standing up to the face of social and political […]
What makes Buffett great: the ability to take disciplined action at moments of great stress
Trim Tabs reports an extraordinary panic selloff by the masses in September, driven by fear. Banks are collapsing left and right. The public is outraged by their ostrich-like elected leaders in the House and Senate and pressure the Congress into aborting a terribly framed corporate welfare/bailout bill. Market volatility, as measured by Average True range […]
Responsible skepticism in action
maybe the best description of skepticism in action I have read lately, from Robert Burton, M.D. at Salon, describing the questions he’s ask of candidates for President and why. A longish quote, but it’s that good. …Ideally, …(t)he candidates would be given questions, including a variety of “thought experiments” for which they could not be […]
Military officers: superstitious?
A new blog friend, Konrad Talmont-Kaminski, a naturalist philosopher in Poland, shares an interest in bounded rationality. He is thinking hard about superstition and the question was posed to me: Given the connection between stress and superstition the army must be a good place to run tests. Do you think the military are among the […]
World Class Training: the After Action Review
There are many reasons why the US Army has developed such an excellent reputation as a training organization over the years. Excellent equipment, superb training areas, master trainers in the form of non-commissioned officers who have perfected their expertise in task training under all conditions. Success also comes from the knowledge that Army training may […]