I had built five women’s boutiques, struggling to manage my success and fearful of growing further beyond my skills. Eager to learn and curious as to how he had accomplished his success, I asked a lot of questions. Where do you get your ideas? How did you get started? How did you finance your growth? What made you…? Read more →
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“No one of us is as smart as all of us” or The Wisdom of Crowds.
A LEVERAGEDWISDOM Member recently summed up his meeting day experience by declaring, that it seemed “No one of us is as smart as all of us.” He had presented to the assembled CEOs a troubling issue about a long time key employee. He had come to believe his CFO’s level of competency no longer matched the demands of the organization. Read more →
If you survived the economic tsunami of the last 36 months, you know that not everyone lost their house, but everyone got wet, and some came out soaked to the bone. John Keynes, the influential British economist, once said “the market can stayirrational longer than you can stay solvent.” Read more →
In “The Black Swan: The Impact of the Highly Improbable,” author Nassim Nicholas Taleb contends that our belief in the predictability of events, based on what’s happened in the past, is so ingrained that we either overlook or can’t conceive of the fact that genuinely important events can’t always be predicted.
If, for example, as a life experience, you encounter one white swan, 10 white swans or 1,000 white swans, this does not in and of itself prove that all swans are white. But if in the course of encountering all these white swans, you come across one black swan, this definitely proves that not all swans are white. Read more →