25 Great Quotes On Thinking New Ideas

If at first the idea is not absurd, then there is no hope for it. — Albert Einstein (1879–1955), German-born Physicist & Philosopher, Author of Out of My Later Years Every time you meet somebody, you’re looking for a better and newer and bigger idea. You are open to ideas from anywhere. –Jack Welch (b. […]

Bill Gates on Malcolm Gladwell’s 10,000 Hour Rule

It’s a tempting proposal: if you practice anything for 10,000 hours, then you will become world class. In 1993, scientist Anders Ericsson learned of a group of psychologists in Berlin who were researching violin players found that, by age 20, the leading performers had averaged in excess of 10,000 hours of practice each. Less able […]

Charlie Munger in Praise of Multidisciplinary Thinking

A multidisciplinary approach involves drawing appropriately from multiple disciplines to redefine problems outside of normal boundaries and reach solutions based on a new understanding of complex situations. From ‘Charlie Munger: The Complete Investor’ by Tren Griffin No one can know everything, but you can work to understand the big important models in each discipline at […]

When Ronald Reagan forgot about his adapted son Michael Reagan

In 1945, President Ronald Reagan and his first wife, the actress Jane Wyman adopted a son Michael E. Reagan. His adoption was not a happy one and he is now estranged from his family. ‘Reagan: The Life’ by H.W. Brands recalls Michael Raegan’s story, who as a child was “neglected as those of any famous […]

10 Ways to Improve Your Creative Imagination

If you want to develop your creative imagination you must open your mind to new unexplored paths, think of offbeat ways to tackle a problem, make something that is hard easier. Be curious about everything—the world is full of amazing wonders for you to learn about. They will become your storehouse of memories and ideas […]

Advantages and Disadvantages of Using Various Research Methods

Experimental Method Advantages of Experimental Method: Precise control possible Disadvantages of Experimental Method: Artificial setting typical Causal conclusions possible Intrusiveness typically high Precise measurement possible Complex behaviors difficult to measure Theory testing possible Unstructured exploratory research difficult Correlational Observation Advantages of Correlational Observation: Relationships between variables can be found Disadvantages of Correlational Observation: Causal conclusions […]

Three Types of Hedonism

Hedonism is a broad category of philosophical though that encompasses any system that places “pleasure” as being the intrinsic good, or the only thing that is considered good by itself independent of all other things. Hedonism is the philosophical principle that places pleasure and gratification as the intrinsic good. In other words, pleasure and gratification […]

Consequences of Organizational Commitment Level for Individual Employees and an Organization

Like various social groups at different times throughout history, organizations and corporations developed distinctive cultures. Organizational culture is the entirety of socially transmitted behavior patterns that are typical of a particular organization or a company. Organizational culture encompasses the structure of the organization and the roles within it, the leadership style, the prevailing values, norms, […]

Conducting Behavioral Assessments: Advantages

Behavioral assessments ask specific questions focused on target behaviors. Behavioral assessments are interested in samples of behavior and not behavior as a sign of internal processes. The responses collected from behavioral assessments can be interpreted as samples of a person behavior that are thought to generalize to other situations that the person might be subject […]

Warren Buffett in 1951: “The Security I Like Best:” GEICO

In his 2013 annual letter to Berkshire Hathaway Shareholders, Warren Buffet extols his mentor Ben Graham’s discourse on value investing, “The Intelligent Investor.” Warren has previously described The Intelligent Investor as “by far the best book on investing ever written.” I learned most of the thoughts in this investment discussion from Ben’s book The Intelligent […]