Richard

SKIN IN THE GAME: A DOZEN ACTION IMPERATIVES

SKIN IN THE GAME: A DOZEN ACTION IMPERATIVES

I am a somewhat reluctant fan of Nicholas Nassim Taleb, and having finished his latest book, Skin in the Game, I settled down to write a review.  But this is hard.  Taleb doesn’t make it easy to summarize his thesis, and he shoots off at all kinds of fascinating tangents, some well-grounded, others which are pure flights of fancy. In the latter category, for example, is his amusing but...

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WHY THE WEST IS DIFFERENT, BUT CAN UNITE THE WORLD IN PROSPERITY

WHY THE WEST IS DIFFERENT, BUT CAN UNITE THE WORLD IN PROSPERITY

Anthropologist Richard Shweder explains that there is a fundamental difference between Western and non-Western concepts of morality.  Non-Western traditions, he says, have rich theories of moralizing, but they are based either on the ethic of community, or that of divinity. The former involves the norms of the social group, laden with values such as duty, respect, deference, and adherence to...

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THE CHAINS OF FREEDOM

THE CHAINS OF FREEDOM

There is a tendency to believe that individualism is the product of the last century, or of neo-conservative ideology, or of the consumer society.  But that’s wrong.  The truth is that individualism evolved slowly over more than two thousand years.  It is the complex product of Greek, Jewish, European and American thought and history.  It is also a most noble and ethically demanding...

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THE STAR PRINCIPLE – SIMPLIFIED

THE STAR PRINCIPLE – SIMPLIFIED

Given the popularity of my last two posts – the 80/20 of 80/20, and SIMPLIFY SIMPLIFIED – I’m having another go, this time with The Star Principle. What will make you successful? What will make you rich?  Preposterous as it sounds, there is a magic formula. There is a way to get several times more money and fun out of a business. By finding a star venture. What is a star venture? It has...

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THE 80/20 OF 80/20

THE 80/20 OF 80/20

My last post simplified my (and Greg Lockwood’s) book Simplify – I’m pleased that it was thought useful to many of you.  This time I’m going to give the essence – if you like, the 80/20 – of 80/20.  Here are the 27 things you absolutely need to know about the 80/20 principle: The universe is wonky! The 80/20 principle tells us that in any population, some things are likely to...

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