Sunday, October 6, 2013

Why is the American Problem a Problem of other minds?

Why is the American Problem a Problem of other minds?

Because according to data in the latest "Economic Report of the President": More than half the federal debt in public hands is held by foreigners.

Friday, October 4, 2013

How many firms that go public have a founder as CEO?

How many firms that go public have a founder as CEO?

Fewer than half of firms that go public have a founder as CEO, according to a 2008 study by Bharat Jain and Filiz Tabak at Towson University

Power struggles are amplified when big investors are involved.

Wednesday, October 2, 2013

Money and Thinking

Money and Thinking

We've got no money, so we've got to think. Ernest Rutherford

Gentlemen, We Have Run Out of Money; Now We Have to Think. Winston Churchill.

What are regulations?

What are regulations?

Regulations are problem creators.

Problems created by regulations are always fixed with more regulation and more expensive regulation.

Regulations are a testament of perseverance if not wisdom.

Regulations are based on ambition and complexity.

The real measure of regulation is how many individuals think they're better off.

The cheapest price  that  regulations economically allow ends up in direct government subsidies and controls.

Monday, September 30, 2013

The best predictors of success.

Passion and perseverance for long-term goals are the best predictors of success.

Dealing with even routine stresses makes you stronger.

Finish whatever you begin.

Fail and  pick yourself up again.

Immerse yourself in a discipline before you create in that discipline.

Sunday, September 29, 2013

How many people work in the U.S. Social Security Administration?

How many people work in the U.S. Social Security Administration?

62,343 workers work in the U.S. Social Security Administration

Friday, September 27, 2013

Who fights this inequality?

Who fights this inequality?

The average score for Wharton applicants on the standardized
 b-school entrance exam, the GMAT, rose seven points this
year, to a record 725 out of 800.

Top colleges requires
a SAT score of 2100 or above.

A GMAT score of 700 is comparable
 to a 2400  SAT.

The national mean SAT scores in 2013 were 491 for reading, 480 for
writing and 503 for math.