PIE-Up on February 11.
The Inequality Problem New York Times
What's So Wrong With Both/And
How Online Gamers Are Solving Sciences Biggest Problems
Innovation Leadership: The Revolution Starts With Words
The Attack on the Higher Ed System and Why We Should Welcome It
Conflict Strategies for Nice People
Forget the 10,000 Hour Rule, How to Really Improve at any Skill
The White Elephant in the Ivory Tower of Higher Education
Shared by Rick Cole:
I
don’t know if this is something that fits the scope and mission of your blog,
but it is certainly something that you will enjoy.
I
have included a description of what I see as the value of the linked video — a
description that I sent to my daughters and their mates in the hope that they
will watch it.
The link below will connect you with a 30 minute
comprehensive and simple explanation of the economy that Deb and I discovered
after watching Charlie Rose interview Ray Dalio — one of the country’s richest
and most interesting guys — be interviewed on CBS. On the macro level, it
explains the difference between the function of government (which provides
goods and services and redistributes wealth to varying degrees) and the
independent role of the “central bank” which controls interest rates and is
responsible for printing money. On a micro-economic or personal level, it
provides four principles, which if incorporated into personal or business goals
will provide a pretty simple basis for understanding “Uncle Jack’s Rule” —
something he told me a couple of decades ago that applies to individuals,
businesses and governments. “The secret is to always have a little more
coming in than you have going out.” This is probably the most significant
of all the economic principles I have ever heard and, at various times in our
personal and business cycles, can provide guidance in developing investing,
debt and spending priorities. I hope you’ll take the time to watch it.
It’s elegant in its simplicity.
