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Opportunity Costs: The Road Not Taken
Every action has an opportunity cost. Opportunity cost is – the cost, the sacrifice made, in choosing one mutually-exclusive option over another – the alternative…
June 12, 2008
The Joys of Simplicity
Effectively thinking outside the box requires a deep knowledge of the key elements of a system along with the raw courage to eliminate the superfluous…
August 30, 2011
Opportunity Costs: The Road Not Taken
Every action has an opportunity cost. Opportunity cost is – the cost, the sacrifice made, in choosing one mutually-exclusive option over another – the alternative…
March 31, 2011
Rules: For the guidance of the wise
Thesis: Rules are for the guidance of the wise and the blind obedience of fools. Rules are funny things. You need them, but certain rules…
June 24, 2008
Rules: For the Guidance of the Wise
Thesis: Rules are for the guidance of the wise and the blind obedience of fools. Rules are funny things. You need them, but certain rules…
April 5, 2011
Seeking Failure Points
Every process, system, or human effort has multiple potential failure points, some more probable than others and some more crucial. I once worked as an…
July 12, 2018
Acquire the Skillset to Make a Real Difference: Embrace Systems Thinking
A system is any group of things or people that interact or are interrelated or interdependent and thus form a much more complex whole. Systems…
August 10, 2021
The Joy of Optimizing
Optimizing is the act or process of making something, anything, a task, system, or decision as fully perfect, functional, or effective/efficient as possible. As a kid…
May 12, 2016
Hurrah for Pigovian Taxes!
What is a Pigovian tax? Good question. Thought you’d never ask! A Pigovian tax is a tax on any thing, any activity, or any product…
July 9, 2009
Seeking Failure Points
Every process, system, or human effort has multiple potential failure points, some more probable than others and some more crucial. I once worked as an…
March 28, 2019