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80/20 REFLECTIONS ON AN ELECTION ‘SURPRISE’

80/20 REFLECTIONS ON AN ELECTION ‘SURPRISE’

The only thing surprising about the British General Election was that everyone was surprised by it.  Herein lie some valuable lessons for business and life. What were the fundamentals?  A Conservative (“Tory”) government that had inherited an economic mess and put things on an even keel.  Rising employment – up by nearly two million, the most impressive increase in jobs under any single...

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APPLE AND THE SIMPLE CASE FOR CAPITALISM

APPLE AND THE SIMPLE CASE FOR CAPITALISM

Twenty-one years after the stunning introduction of the Macintosh in 1984, Apple continues to astonish.   Last week the company announced it had sold over sixty million iPhones in the first three months of 2015, many millions of them in China.  The company’s profit for the quarter was an eye-watering $13.6 billion, which is a third higher than the same quarter last year, and an annual rate...

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OUR CHILDREN & GRAND-CHILDREN WILL BE RICHER THAN US, BUT THERE IS A PROBLEM …

OUR CHILDREN & GRAND-CHILDREN WILL BE RICHER THAN US, BUT THERE IS A PROBLEM …

Writing in 1830, the British historian Thomas Babington Macaulay said “If we were to prophesy that in the year 1930 a population (in Britain) of 50 million, better fed, clad and lodged than the English of our time, will cover these islands, that Sussex and Huntingdonshire will be wealthier than the wealthiest parts of (England) today … that machines constructed on principles yet undiscovered...

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CAN FRACTAL 80/20 TAP INSANE AMOUNTS OF MONEY?

CAN FRACTAL 80/20 TAP INSANE AMOUNTS OF MONEY?

The science of chaos – in particular the theory of fractal patterns – is one of the most beautiful discoveries of the last 50 years.   So far, business has been rather slow in discovering how to use fractal theory.  But now I think there are indications it could possibly make any company large amounts of money. In my book The 80/20 Principle, I explained that 80/20 is very closely related...

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THE GAME OF LIFE

THE GAME OF LIFE

“Mother nature does not endow us with clear rules.  The game [of life] is not a deck of cards (we do not know how many colors there are).”  Nicholas Nassim Taleb is writing about probability, protesting that much of modern theory about it, especially financial theory of the type loved by Harry Markowitz, Robert Merton, and Myron Scholes, is really pseudo-science, since the real world cannot...

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IS PROGRESS REAL?

IS PROGRESS REAL?

“Since we have admitted no substantial change in man’s nature during historic times, all technological advances will have to be written off as merely new means of achieving old ends – the acquisition of goods, the pursuit of one sex by the other (or by the same), the overcoming of competition, the fighting of wars.”  So wrote Will and Ariel Durant near the start of their essay, the third...

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