Thomas Jefferson on Political Disagreements
“Every difference of opinion is not a difference of principle.”
“Every difference of opinion is not a difference of principle.”
Early in his book The Power Makers, Maury Klein does a fantastic job of explaining the importance that modern energy systems, like steam and electricity, played in human history: All the achievements of humanity down to about the eighteenth century were constrained by the inability to find more efficient ways to do things beyond the…
Behavioral economists have written a lot about sunk costs. The idea is pretty simple: once people have invested in an effort – in time or money – they stick with that effort longer than is otherwise justified. They don’t want to feel like they’ve wasted their investment, so they continue to invest even when pulling…
Here is a quick summary from the Wall Street Journal of what the U.S. Federal Debt looks like now that we have avoided, at least for now, the fiscal cliff. As you will see, we didn’t do much to balance the budget. In the short run, that is ok. Too much balancing, too quickly, and…
In case the Internet had any remaining credibility, as a source of truthful information, the MBA channel now lists me as a B School legend: The U.S. based website Poets & Quants has published a different kind of ranking. They haven’t chosen the best b-schools, but instead paid tribute to some of the best b-school…
Andrew Solomon wrote a wonderful article in the New Yorker recently about Adam Lanza’s father and his search for answers to his son’s awful behavior. The piece included a quote I thought I would share with you today: All parenting involves choosing between the day (why have another argument at dinner?) and the years (the…
The surgeon told the Weindel family that the operation had gone well. He had taken Dale Weindel’s stomach and cut it into two, and rerouted his small intestines so that all the food Weindel ate would now pass through the smaller portion of his stomach. He had given Weindel a “gastric bypass” operation, the best…