Updated 20-Sep-2023 There is an interesting news item on how a Stanford Statistics PhD may have beaten the odds through a systematic approach. Total winnings from four scratcher jackpots beginning in 1993 adds up to $21 million. The Clever Part The clever part was figuring out the seasonality and geographic locations of the winning scratcher ... Read more
Updated 20-Sep-2023 One annoying phrase which tends to be more useless than anything is: > We can agree to disagree Thanks to Wikipedia we know that this phrase may be close to 250 years old. We also know that it implies a kind of tolerance but lack of acceptance of another persons' position. However, there ... Read more
Updated 14-Sep-2023 As has been said many times over the past 2,000 years or more, The Road to Hell is Paved with Good Intentions. How do we deal with good intentions in the presence of bad outcomes? Specifically, if an employee, partner, customer, etc. is well-meaning but with poor results, how do we respond? As ... Read more
Updated 20-Sep-2023 Much of academia and academic research in America is epiphenomenal. This is best illustrated by the common comparison of college with the real world. That is, college, the ivory tower, etc., is its' own world that has different rules, and whose learning doesn't always or even usually apply to the other world, outside ... Read more
Updated 20-Sep-2023 The Solo Entrepreneur is considered to be an inferior species, generally shunned by investors, and for whom traction comes many years later, when compared with two or more founding partners. However, there are many advantages to solo entrepreneurship, and while the odds of success are likely less, the odds of success of any ... Read more
Updated 20-Sep-2023 As an expat from the USA living in Chiang Mai, Thailand, foreigners are immediately noticeable (unless of asian descent), and stand out. Clearly I am not originally from here, and so this lends itself to the entrepreneurial question: Why would entrepreneurs relocate from one country to another? * Less risk * More opportunity ... Read more
Updated 20-Sep-2023 Peter Drucker - The Man who Invented Management Peter Drucker died in 2005, eight days shy of his 96th birthday. The man literally invented the discipline of management and the management consultant. His 39 books have been translated into over 30 languages. The book of Drucker's I have read the most is The ... Read more
Updated 14-Sep-2023 Don Dodge wrote a great blog post titled Is your product a vitamin or a painkiller? This is actually quite an old post, but old as in golden. When a Vitamin becomes a Painkiller What catalyst or event causes your prospects to actively seek your product or solution? When you look at all ... Read more
Updated 20-Sep-2023 The inane, though of course superficially appealing, desire to change the world. The question in response is to what? After all, some changes are either inconsequential, or worse, complete disasters, through unintended consequences. It is no comfort that the particular change might be unavoidable or done by someone else in any case. For ... Read more
Updated 14-Sep-2023 John Paul DeJoria gave a Keynote at Stanford Entreprenuership recently. He has many skills and strong instincts. Now he is a multi-billionaire, but he slept in his car the first few weeks of founding John Paul Mitchell Systems. People Person Skills His people-person skills are phenomenal. In the Q&A he was asked how ... Read more