Systematic Errors in Corporate Decision Making

It is the earnings release season for many tech companies and as an audience it is a great opportunity to learn how past decisions impact the current financial results. Hindsight being 20/20, rationality of past executive judgments are on show for shareholders to evaluate. Repeated mistakes resulting in lost shareholder value are common occurrences in…

How Much is Too Much?

‘Too much of anything is bad’ – so says the age-old wisdom. Does it apply to education as well?  Last week Bill Gates tweeted this chart to encourage students to complete college. I love the simplicity, completeness and elegance of the above chart. The message is pretty clear – ‘More school means more income’. But look…

AVOID STUPIDITY… at all costs!

This is what I noted to myself after what happened few hours ago. My wife, my toddler son and I drove back home after having dinner at a nearby Chinese restaurant and we parked our car in our apartments’ parking lot. The routine is generally I get my son out of the car seat and…

The Science of Persuasion

I am a coffee enthusiast and my old Italian espresso machine at home have had few mechanical issues in the past couple of weeks.  Over the weekend, we were at a nearby mall and I was strolling with my 18 months old son in the hallways of the mall. A big sign outside Williams-Sonoma (kitchen ware…

I See Muda, Mura and Muri Everywhere

I learnt about an interesting concept in an unusual situation. Over the weekend, I was waiting in the check-out line in Costco (a local wholesale warehouse / store) with only couple of items bought to ring through the cash registers. Being a wholesale store, people buy stuff in large quantities and given the weekend, the lines were really…

Nash Equilibrium in Everyday Life

The brilliance of ‘A Beautiful Mind’ was recognized again last week when John Nash the famous mathematician won the coveted Abel prize in Mathematics. John Nash is one of the very few mathematicians known in popular culture not only as a celebrity popularized by the movie ‘A Beautiful Mind’, but also for the ground breaking work…