An economist and his friend are walking down the street when the friend sees a ten dollar bill on the sidewalk. “Look,” he says, “it’s a ten dollar bill”. “Nonsense,” says the economist. “If that was a ten dollar bill, someone would have picked it up by now.”
There’s a joke that if you read just two books, What They Don't Teach You At Harvard Business School and What They Teach You at Harvard Business School you must, by definition, have read the sum total of all human knowledge.
This month I launched this, my first website, and it was a great experience to create it from scratch. I confess I didn’t do the ‘technical’ bit, preferring to stick to ideas, layout and content, and the whole process was hugely beneficial, for me at least, in crystallising my thoughts …
One tweet mourning the passing of singer Pete Seeger last month advised that we listen to one of Seeger’s tracks called Waist Deep in the Big Muddy – described as the “best song about the sunk cost fallacy."