Theories of life

I’ve been mentioning several theories to several different people recently and decided it’s time to put them all on my blog so they are easy to reference. Some are prescriptive, some are descriptive, but I find all of them useful in certain situations. The Crusher Theory Michael “Crusher” Ernst once explained this theory to me […]

Personal vs. Social Responsibility

I’ve mostly been able to ignore the subprime mortgage mess. I don’t work in finance (although several of my classmates at Columbia are walking on eggshells), and my investments are mostly long term so the volatility in the markets doesn’t really concern me. But then I read the following paragraph in The Economist: The boldest […]

Change of view

When I first went to work for Applied Strategies, I didn’t really understand what they did. Applied Strategies (at that time) specialized in doing demand forecasting using decision analysis, which meant that we constructed mathematical models to estimate the size of a market for a drug or a vaccine. Our analysts used complicated decision trees, […]

Remixing fields

I liked the career advice from Scott Adams last week (also seen at Seppo’s blog), where he points out: …if you want something extraordinary, you have two paths: 1. Become the best at one specific thing. 2. Become very good (top 25%) at two or more things. The first strategy is difficult to the point […]