Tuesday, September 24, 2024

Starting a new book! - Value-based Pricing : 12 Lessons to Make Your Transformation Successful by Stephan M. Liozu

Starting a new book! Value-based Pricing : 12 Lessons to Make Your Transformation Successful by Stephan M. Liozu Pricing Book Club - book #1 “…This is Stephan Liozu’s fifteenth book on value and pricing management. It offers a deep dive into value-based pricing methodology, focusing on what it takes to successfully conduct value-based pricing transformations and large-scale initiatives. Stephan shares his extensive knowledge and the lessons he has accumulated over 15 years of work, study, and writing on this topic. Having worked on a dozen value-based pricing transformations, he presents 12 crucial lessons that can help pricing leaders and practitioners design and execute value-based pricing more effectively. This book follows Stephan’s 2016 book Dollarizing Differentiation Value, which provides a more technical and methodological perspective on value-based pricing. Value-based pricing is not suitable for every organization. Some companies may benefit more from improving their cost-based pricing and pricing discipline. Others should focus on building a strong foundation in customer centricity and competitive understanding before embarking on a value-based pricing journey. This book provides a realistic view of what it takes to undertake such a journey. Its purpose is not to advocate for universal adoption of value-based pricing, but to discuss the prerequisites, conditions, and key success factors necessary for pursuing it, without guaranteeing success. This is the challenge. While cost-based pricing can have an immediate impact, investing in value-based pricing requires a higher upfront cost with no clear guarantee of positive results. This presents a conundrum. However, companies that have fully invested in value-based pricing and followed most of these lessons have experienced great success in their transformations. Value-based pricing, when combined with excellence in business strategy and innovation, can help companies achieve unprecedented levels of operating income. These 12 lessons have been tested in several workshops at professional pricing conferences and have resonated with many pricing practitioners. I hope they will resonate with you too. Enjoy the journey! …” https://www.goodreads.com/book/show/217771598-value-based-pricing?ac=1&from_search=true&qid=5giUlRpf6C&rank=2

- Pedro

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Monday, September 23, 2024

These are the two new books you need to read about AI by The Economist

Of >100 AI books just published last year; the Economist recommends these 2 that should be read by all that have an interest on the subject: Feeding the Machine: The Hidden Human Labour Powering AI. By James Muldoon, Mark Graham and Callum Cant - darker side of AI Co-Intelligence: Living and Working with AI. By Ethan Mollick - a practical and more positive way to think about the interaction of people and AI Both were added to my wish list! These are the two new books you need to read about AI https://www.economist.com/culture/2024/08/08/these-are-the-two-new-books-you-need-to-read-about-ai from The Economist

- Pedro

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Sunday, September 22, 2024

La palabra saber - Martin Caparrós

“…Quizá hoy Kant tendría que clamar “Dubitare aude!” y convencernos, por fin, de que en principio no sabemos nada y que saber no es un estado sino un recorrido y que cada paso debe ser un riesgo y que hay que darlos con los ojos muy abiertos. Como decía aquel famoso poeta inglés, citado hasta el hartazgo: “Saber o no saber, esa es la cuestión”. Y, aún así, nunca se sabe…” Una pequeña perola de Martin Caparrós! ¡Disfrutad tanto como yo lo hizo! https://elpais.com/eps/2024-09-21/la-palabra-saber.html

- Pedro

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And if you could predict a Tipping Point?

Tipping point definition- (i) the moment of critical mass, the threshold, the boiling point…[where] Ideas and products and messages and behaviors spread like viruses do or (ii) the point at which a series of small changes or incidents becomes significant enough to cause a larger, more important change. I would say that is the moment we stop being at a normal distribution and start seeing Power Laws in play and it is kind the holy grail for the prediction domain and applies from financial markets, economy evolution, book sales…. up to biology, After the fact everyone could see it :-), but no one could detect it before (and the ones who could…were lucky). At least up to now, as it seems some researchers in China were able to proof (study published in the Journal Physical Review X, that with the help of AI they could identify the tipping point ex-ante in complex systems. Unfortunately, as in many AI algorithms on the algorithm knows what specific features and patterns allowed them to identify the tipping points, being currently the work of the team to try to understand what those are. Nonetheless, something to keep your eyes on. AI can predict tipping points before they happen https://www.economist.com/science-and-technology/2024/07/17/ai-can-predict-tipping-points-before-they-happen from The Economist

- Pedro

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Five books recommended by the Economist that address the Glory and Flaws of the Olympics

Do you like Sports overall and the Olympics in particular? If yes, five books recommended by the Economist that address the Glory and Flaws of the Olympics to help you go through this 4-year hiatus. All added to my wish list. The Games: A Global History of the Olympics. By David Goldblatt. The Perfect Mile. By Neal Bascomb. The Amateurs: The Story of Four Young Men and Their Quest for an Olympic Gold Medal. By David Halberstam The Sports Gene. By David Epstein. Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup. By Andrew Zimbalist https://www.economist.com/the-economist-reads/2024/07/11/five-books-on-the-glories-and-flaws-of-the-olympics

- Pedro

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HUD - Augmented reality offers a safer driving experience by the Economist

Head-up displays, are headsets that produces three-dimensional images that appear to be belonging to road ahead, thus provide clear information on navigation, vehicle performance, provide warnings, highlighting potential dangers resulting in safer and distraction-free driving. Its technological evolution throughout the years has been significant, but it is expected to pick up the pace in the near future (a potential demand CAGR of 24% until 2034). A technology to keep on your radar, at least until the full self-driving (level 5) cars are not a reality! An industry to be on my/your radar. Augmented reality offers a safer driving experience https://www.economist.com/science-and-technology/2024/07/24/augmented-reality-offers-a-safer-driving-experience from The Economist

- Pedro

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My Substack Summer

Highlights

☕ I read the most in the evening

💌 I subscribed to 5 new Substacks

📽️ I watched 140 minutes of video

❤️ I liked 4 posts

📜 I scrolled 11 meters in Notes

🕵️ I discovered 2 new posts via Notes

Top Substacks

Silver Bulletin by

Essays and analysis about elections, media, sports, poker, and all the other things I care about.

Top post this summer: We removed RFK Jr. from our model. But it didn’t hurt Kamala.

Beyond Euclid by

Beyond Euclid! A digital publication that brings you only the high-quality math and science stuff to ensure you are having a good week.

Top post this summer: Beyond Euclid - #133

Experimental 361 by

A continuation of the Experimental 361 blog and Twitter account, providing data visualisation and analysis of football.

Top post this summer: Squad churn: how recognisable will each team be this season?

Share your own Summer Recap

You can see your own summer recap in the Substack app. I’d love to see what you’ve been reading.

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Saturday, September 21, 2024

“Would you know, based on an educated model, what would be the range that the stock price of the company you work for should be priced?” - 96.96% would say no

Linkedin Poll on: “Would you know, based on an educated model, what would be the range that the stock price of the company you work for should be priced?” Out of the 345 persons (641 views) that saw this poll, only 9 voted :-) not a huge success, but a huge thank you to all the have voted. Although I would prefer having a bigger sample, will use Bayes' Theorem to update my beliefs and my conclusion is that 96.96% of respondents would say NO to the following question "Would you know, based on an educated model, what would be the range that the stock price of the company you work for should be priced?", based on the survey results... remember I started with a 90% baseline. Nothing like using this method in your simple problems so you can make it a habit while making your more important decisions! How did I arrived to the result: Baseline is: P(NO)=90% & P(YES)=10% After the survey i have observed that P(Survey|NO)=78% & P(Survey|Yes)=22% Thus, applying Bayes Theorem, the new probability of NO is: P(NO|Survey)= (P(Survey|NO)* P(NO)) / P(Survey) & P(Survey) = P(Survey|NO)*P(NO)+P(Survey|Yes)*P(YES) thus P(Survey) = (0.78*0.9)+(0.22*0.1)=0.724 thus P(NO|Survey) = (0.78*0.9) / 0.724=96.96%

- Pedro

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Do you love football? Would you like to take your knowledge to the next level?

Do you love football? Would you like to take your knowledge to the next level? Don’t miss this series by John Muller from the “The Athletic”. I can tell you I learnt much more than I was expecting, after being a huge football fan for almost half a century! “…In this ongoing series, John Muller takes a closer look at the mechanics of the game, one little piece at a time, comparing how different teams play — and why — to help make football make sense….” https://www.nytimes.com/athletic/5036774/2023/08/16/how-football-works-contents/

- Pedro

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The first six books of the elements of Euclid now available online by Harvard Library

The first six books of the elements of Euclid, with colored diagrams by Byrne was just made available by Harvard on Library (see below). This book is the “oldest math book” and of foundational relevance to mathematic as science (geometry). When Plato founded the Academy, back then the intellectual pinnacle of science, he engraved at its entrance “ΑΓΕΩΜΕΤΡΗΤΟΣ ΜΗΔΕΙΣ ΕΙΣΙΤΩ” (“Let no man ignorant of geometry enter.”) Below me, myself and I with the hard cover of this classic that I have in my library. https://iiif.lib.harvard.edu/manifests/view/drs:500797094$1i?utm_source=substack&utm_medium=email

- Pedro

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El tiempo Lunar

Sabias que el tiempo pasa más rápido en la Luna, aprox. 1 segundo cada 50 años? Pues yo no lo sabía e es fruto del efecto de la gravedad ya que su efecto es un pelín menor. En tiempo lunar (en promedio) viviría 1.6s menos :-) https://elpais.com/expres/2024-09-19/el-tiempo-pasa-un-segundo-mas-rapido-cada-50-anos-en-la-luna-y-es-mas-importante-de-lo-que-parece.html

- Pedro

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Antarctica in 8 minutes - Immerse yourself

Sit back and enjoy a short Antarctica 8 minutes movie, shot by Kalle Ljung throughout his 20 days journey to this amazing, beautiful and unknown, to many, region. In the future when I would need to relax, de-stress, cool-down, I know where to go. Hope you enjoy it as much as I did/do watching it. “…This movie was shot during our 20 days trip to Antarctica in December 2014 to January 2015. We started from Ushuaia in Argentina and went to Port Williams in Chile, rounded Cape Horn and crossed the Drake Passage towards the Melchior Islands in Antarctica. We spent 16 days in the Antarctic and got to experience the most amazing scenery and wildlife before we returned back to Ushuaia. Filmed with GoPro HERO3+ Black Edition and DJI Phantom 2, edited with Final Cut Pro X. …” ttps://vimeo.com/124858722

- Pedro

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Friday, September 20, 2024

Books added to the Library throughout August'24

Throughout August’24 I have added 8 books to my library. Hopefully, you can also find 1 or 2 for your own library!

The selection rules were:

  • the book had to be recommended by someone directly or by an article I have read or a podcast I have listened.

  • the book should be less than €5 (usually via Kindle -promotions- or 2nd hand).

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  1. La bahía del espejo, Catriona Ward, Cristina Macía Orio (Tranlator)

“…En una casita azotada por el viento de la costa de Maine Wilder Harlow empieza a escribir el último libro de su vida. Narra la historia de un verano de su juventud y del asesino que acechaba en el pequeño pueblo de Nueva Inglaterra donde pasaba las vacaciones; la tragedia que le ha perseguido desde entonces y que le unió para siempre a sus amigos Nat y Harper de formas que entonces no podían imaginar.

Muchos años después Wilder regresa al pueblo para intentar relatar lo que ocurrió, pero, mientras escribe, se da cuenta de que los acontecimientos tienen un inquietante eco en el presente….”

  1. Being You: A New Science of Consciousness, Anil Seth

“…Being You is not as simple as it sounds. Somehow, within each of our brains, billions of neurons work to create our conscious experience. How does this happen? Why do we experience life in the first person? After over twenty years researching the brain, world-renowned neuroscientist Anil Seth puts forward a radical new theory of consciousness and self. His unique theory of what it means to 'be you' challenges our understanding of perception and reality and it turns what you thought you knew about yourself on its head…”.

  1. The Brooklyn Follies, Paul Auster

“…'I was looking for a quiet place to die. Someone recommended Brooklyn, and so the next morning I travelled down there from Westchester to scope out the terrain . . .'

So begins Paul Auster's remarkable new novel, The Brooklyn Follies. Set against the backdrop of the contested US election of 2000, it tells the story of Nathan and Tom, an uncle and nephew double-act. One in remission from lung cancer, divorced, and estranged from his only daughter, the other hiding away from his once-promising academic career, and, indeed, from life in general.

Having accidentally ended up in the same Brooklyn neighbourhood, they discover a community teeming with life and passion. When Lucy, a little girl who refuses to speak, comes into their lives, there is suddenly a bridge from their pasts that offers them the possibility of redemption. Infused with character, mystery and humour, these lives intertwine and become bound together as Auster brilliantly explores the wider terrain of contemporary America - a crucible of broken dreams and of human folly.

'Auster at the top of his game. This superb novel about human folly turns out to be tremendously wise.' New Statesman…”

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  1. A History of the World in Twelve Shipwrecks, David Gibbins

“…From a Bronze Age ship built during the age of Queen Nefertiti and filled with ancient treasures, a Viking warship made for King Cnut himself, Henry VIII's spectacular Mary Rose and the golden age of the Tudor court, to the exploration of the Arctic, the tragic story of HMS Terror and tales of bravery and endurance aboard HMS Gairsoppa in World War Two, these are the stories of some of the greatest underwater discoveries of all time. A rich and exciting narrative, this is not just the story of those ships and the people who sailed on them, the cargo and treasure they carried and their tragic fate. This is also the story of the spread of people, religion and ideas around the world, a story of colonialism and migration which continues today.

Drawing on decades of experience excavating shipwrecks around the world, renowned maritime archaeologist David Gibbins reveals the riches beneath the waves and shows us how the treasures found there can be a porthole to the past to tell a new story about the world and its underwater secrets….”

  1. Smoke And Ashes: Opium's Hidden Histories, Amitav Ghosh

“… When Amitav Ghosh began the research for his monumental cycle of novels the Ibis Trilogy, he was startled to find how the lives of the 19th century sailors and soldiers he wrote of were dictated not only by the currents of the Indian Ocean, but also by the precious commodity carried in enormous quantities on those currents: opium. Most surprising of all, however, was the discovery that his own identity and family history was swept up in the story.

Smoke and Ashes is at once a travelogue, memoir and a history, drawing on decades of archival research. In it, Ghosh traces the transformative effect the opium trade had on Britain, India, and China, as well as the world at large. The trade was engineered by the British Empire, which exported Indian opium to sell to China and redress their great trade imbalance, and its revenues were essential to the Empire's financial survival. Yet tracing the profits further, Ghosh finds opium at the origins of some of the world's biggest corporations, of America's most powerful families and prestigious institutions (from the Astors and Coolidges to the Ivy League), and of contemporary globalism itself.

Moving deftly between horticultural histories, the mythologies of capitalism, and the social and cultural repercussions of colonialism, in Smoke and Ashes Amitav Ghosh reveals the role that one small plant had in making our world, now teetering on the edge of catastrophe….”

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  1. Cómo jugar al ajedrez, Levy Rozman

“…Aprende ajedrez de la mano de Levy Rozman (aka GothamChess), el Maestro Internacional por la FIDE y el profesor de ajedrez más seguido de YouTube.

Cómo ganar al ajedrez te enseña todo lo que necesitas saber sobre el juego, incluidos los movimientos y estrategias más importantes para empezar con fuerza y seguir pensando varios pasos por delante.

Con el humor y el estilo característicos de Rozman —que le han hecho famoso entre millones de aficionados—, la primera parte de esta guía única introduce a los jugadores principiantes (0-800 ELO) en las cuatro áreas clave a tener en cuenta al jugar al ajedrez: aperturas, finales, táctica y estrategia; y la segunda parte desarrolla estas habilidades básicas para los jugadores más experimentados (800-1600 ELO). Repleto de consejos prácticos y fáciles de seguir para mejorar tu juego, Cómo ganar al ajedrez incluye más de 500 ilustraciones instructivas del juego para ayudarle a visualizar mejor el tablero, así como códigos QR específicos de cada capítulo para acceder a contenidos adicionales exclusivos en Chessly, la plataforma de enseñanza de Rozman.

Tanto si quieres convertirte en un jugador amateur como si te estás entrenando para ser Gran Maestro Internacional, ¡este libro es la introducción interactiva perfecta al mundo del ajedrez! …”

  1. Winter Is Coming: Why Vladimir Putin and the Enemies of the Free World Must Be Stopped, Garry Kasparov

“…The stunning story of Russia's slide back into a dictatorship-and how the West is now paying the price for allowing it to happen.

The ascension of Vladimir Putin-a former lieutenant colonel of the KGB-to the presidency of Russia in 1999 was a strong signal that the country was headed away from democracy. Yet in the intervening years-as America and the world's other leading powers have continued to appease him-Putin has grown not only into a dictator but an international threat. With his vast resources and nuclear arsenal, Putin is at the center of a worldwide assault on political liberty and the modern world order.

For Garry Kasparov, none of this is news. He has been a vocal critic of Putin for over a decade, even leading the pro-democracy opposition to him in the farcical 2008 presidential election. Yet years of seeing his Cassandra-like prophecies about Putin's intentions fulfilled have left Kasparov with a darker truth: Putin's Russia, like ISIS or Al Qaeda, defines itself in opposition to the free countries of the world.

As Putin has grown ever more powerful, the threat he poses has grown from local to regional and finally to global. In this urgent book, Kasparov shows that the collapse of the Soviet Union was not an endpoint-only a change of seasons, as the Cold War melted into a new spring. But now, after years of complacency and poor judgment, winter is once again upon us.

Argued with the force of Kasparov's world-class intelligence, conviction, and hopes for his home country, Winter Is Coming reveals Putin for what he is: an existential danger hiding in plain sight….”

  1. Trust, Hernan Diaz

“…Even through the roar and effervescence of the 1920s, everyone in New York has heard of Benjamin and Helen Rask. He is a legendary Wall Street tycoon; she is the daughter of eccentric aristocrats. Together, they have risen to the very top of a world of seemingly endless wealth—all as a decade of excess and speculation draws to an end. But at what cost have they acquired their immense fortune? This is the mystery at the center of Bonds, a successful 1937 novel that all of New York seems to have read. Yet there are other versions of this tale of privilege and deceit.

Hernan Diaz’s TRUST elegantly puts these competing narratives into conversation with one another—and in tension with the perspective of one woman bent on disentangling fact from fiction. The result is a novel that spans over a century and becomes more exhilarating with each new revelation.

At once an immersive story and a brilliant literary puzzle, TRUST engages the reader in a quest for the truth while confronting the deceptions that often live at the heart of personal relationships, the reality-warping force of capital, and the ease with which power can manipulate facts. …”

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Starting a new book! The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell

Starting a new book! The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell “…From the bestselling author of The Bomber Mafia: discover Malcolm Gladwell's breakthrough debut and explore the science behind viral trends in business, marketing, and human behavior. The tipping point is that magic moment when an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire. Just as a single sick person can start an epidemic of the flu, so too can a small but precisely targeted push cause a fashion trend, the popularity of a new product, or a drop in the crime rate. This widely acclaimed bestseller, in which Malcolm Gladwell explores and brilliantly illuminates the tipping point phenomenon, is already changing the way people throughout the world think about selling products and disseminating ideas. …” https://www.goodreads.com/book/show/2612.The_Tipping_Point

- Pedro

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Tuesday, September 17, 2024

Ted talk by Rory Sutherland (from 2012) - a great investment of your time

Just found by chance this Ted talk by Rory Sutherland (from 2012), and it is worthwhile the 18 minutes! I really like Rory’s perspective and insights and this talk approaches them in one go. Human behavior and psychology are paramount in any problem-solving framework. The UK’s post-office case made, among others, is a great example that perception has the same value of actual product/service attributes, dimensions or “real” value/utility. If you have a product that is better, or at least equal, to your competitors, but it is perceived 5 to 10% lower than your competitors, based on their willingness to pay, don’t invest in improving the product, invest on changing their perception! His book “Alchemy” is also a must read! https://youtu.be/iueVZJVEmEs?si=UN8s8yBBNC16Slcy

- Pedro

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AlphaProof & AlphaGeometry 2 by DeepMind - Helping to push the mathematic domain to a new level

Absolutely mind blowing the new 2 models that Deep-Mind has recently released, Alpha-Proof, a reinforcement-learning system for formal mathematic reasoning, and AlphaGeometry 2, an improved version of geometry-solving system. What is the all the fuzz about? Well, these 2 tools were able to solve 4 out 6 problems of International Mathematical Olympiad, that would put them equal to the silver medalists. Should be noticed that the time frame to solve 3 out of the 4 solved was significantly longer than the time given to the human math Wizz, nonetheless, it is a great achievement and, in the future, as Terence Tao mentioned in an Oxford’s talk, will provide great assistance and help mathematicians to explore their knowledge to a maximum that were not achievable in the recent past! “…We’re excited for a future in which mathematicians work with AI tools to explore hypotheses, try bold new approaches to solving long-standing problems and quickly complete time-consuming elements of proofs — and where AI systems like Gemini become more capable at math and broader reasoning. …” https://deepmind.google/discover/blog/ai-solves-imo-problems-at-silver-medal-level/

- Pedro

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Saturday, September 7, 2024

Terminei Deus na escuridão por Valter Hugo Mãe - Avaliação - 3/5

Terminei Deus na escuridão por Valter Hugo Mãe Avaliação - 3/5 Um retrato simples, delicado e especial sobre a vida na ilha da Madeira e sobre o amor em geral. De leitura fácil, fluente, apelativa e por vezes intensa. Segundo livro que li de VHM e com certeza não será o ultimo. https://www.goodreads.com/book/show/204939819

- Pedro

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Six novels about India, perhaps the world’s most interesting place

Six novels about India, perhaps the world’s most interesting place. Do you want to understand India? as per the Economist these 6 books will hep you in such quest: Midnight’s Children. By Salman Rushdie A Fine Balance. By Rohinton Mistry The Siege of Krishnapur. By J.G. Farrell The God of Small Things. By Arundhati Roy Last Man in Tower. By Aravind Adiga English, August: An Indian Story. By Upamanyu Chatterjee All were added to my wish list. Happy readings https://www.economist.com/the-economist-reads/2024/08/20/six-novels-about-india-perhaps-the-worlds-most-interesting-place

- Pedro

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The square-root of 9 is?

What is the square-root of 9? A mathematical joke that entails several human behaviors like: Minimize complexity and opt for the fast answer (even if not fully correct) Aversion to scenario thinking as 2 options are equally likely Herd thinking… Among others one could derive.

- Pedro

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Tuesday, September 3, 2024

Simple but powerful Viz on Bayes' Theorem

A simple but insightful visualization on Bayes’ Theorem.

- Pedro

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“…It seems that corporate leaders do not owe their career advancement to sophisticated economic analysis….”

A very interesting article on how poorly senior leaders understand inflation and its impact on their business. “…It seems that corporate leaders do not owe their career advancement to sophisticated economic analysis….” Leaders anchor their inflation expectation more on what they hear or read on the news/media than on hard data and modeling based: input prices forecasts (raws, conversion, labor, etc…). willingness to pay from the customers to your industry products or services and directly to your company within the industry. depending on the industry (oligopoly, perfect competition, etc…) you need to understand the competition pricing strategies and how will they react to these key variables. By doing this they are usually behind the curve and reactive to a dynamic environment. Going back to basics, most of the leaders do not know: the past year inflation value (country or industry), the target inflation rate from the Fed and ECB (the 2%) and what are the actual key refence interest rates (monetary policy) applied by these entities in their market. Know your numbers, understand how they impact your industry, your company business and the valuation of your company. https://www.economist.com/finance-and-economics/2024/08/15/why-companies-get-inflation-wrong

- Pedro

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Sunday, September 1, 2024

Using Grocery Data for Credit Decisions

An interesting new paper that has caught my attention (for now only at abstract level :-)). How can you have a well-known problem and how can you address it from a completely different perspective in order to provide a potential sound solution or at least to improve an existing solution. Using Grocery Data for Credit Decisions Abstract Many consumers across the world struggle to gain access to credit because of their lack of credit scores. This paper explores the potential of a new alternative data source, grocery transaction data, for evaluating consumers’ creditworthiness. Our analysis takes advantage of a unique, individual-level match of credit card data and supermarket loyalty card data. By developing credit scoring algorithms that either exclude or include grocery data, we illustrate both the incremental value of grocery data for credit decisions and its boundary conditions. We demonstrate that signals from grocery data can improve credit approval decisions, particularly for individuals who lack traditional credit scores. Furthermore, as a consumer establishes a relationship with lenders and builds a credit history, the marginal value of incorporating grocery data diminishes. These findings highlight the potential of grocery data in informing credit decisions and, consequently, in enabling financial institutions to extend credit to consumers who lack traditional credit scores. https://pubsonline.informs.org/doi/10.1287/mnsc.2022.02364

- Pedro

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Interview with Hannah Arendt (1964) a must see!

Interview with Hannah Arendt (1964) a must see. There are some that are truly special… Hannah is one of such cases. Enjoy! https://www.youtube.com/watch?v=dVSRJC4KAiE&t=3027s

- Pedro

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Would you like to visualize the water cycle?

Would you like to visualize the water cycle? Well look/search no further, this website shows you the probable path of a rain drop everywhere in the world ends up in the sea. Enjoy! https://river-runner-global.samlearner.com/

- Pedro

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Democracy and Mathematics ... and why it matters

Democracy It seems so simple at the moment we select a candidate… is just to cast and count the votes…not so simple (just look at UK). A great video on how we count the votes impacts the representativeness of your vote and how it can set the tone for the way the candidates approach their campaigns, do politics and deploy policy (couple that with Game Theory). Sometimes we just need to look at the basics, the incentives and the outcomes and small changes (although not perfect) can make such a positive difference while living a democratic regime. Why is this topic not discussed at all and it seems so impactful? https://youtube.com/watch?v=qf7ws2DF-zk&si=cK_Wl7p4yBtBHpLP

- Pedro

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A great viz on what is the knowledge and hard skills needed to become a DataScientist.

A great viz on what is the knowledge and hard skills needed to become a DataScientist. I’m not one and do not want to be one, but there are some hard skills and knowledge that I already have, other I’m actively working on, and some still on the pipeline, that I think are mandatory for my current work and future work. Most probably will not use the knowledge and tools myself, but need to know what I can expect, what i can ask and have an informed / educated discussion with a DataScientist. https://x.com/hashtag/Infographic?src=hashtag_click by https://x.com/hashtag/Infographic?src=hashtag_click #Infographic by @DataScienceDojo

- Pedro

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Saturday, August 31, 2024

A começar um novo livro! Deus na Escuridão por Valter Hugo Mãe

A começar um novo livro! Deus na escuridão por Valter Hugo Mãe “…«Deus é exactamente como as mães. Liberta Seus filhos e haverá de buscá-los eternamente. Passará todo o tempo de coração pequeno à espera, espiando todos os sinais que Lhe anunciem a presença, o regresso dos filhos.» Este livro explora a ideia de que amar é sempre um sentimento que se exerce na escuridão. Uma aposta sem garantia que se pode tornar absoluta. A dúvida está em saber se os irmãos podem amar como as mães que, por sua vez, amam como Deus. Passada na ilha da Madeira, esta é a história de dois irmãos e da necessidade de cuidar de alguém. Delicado e profundo, Deus Na Escuridão é um manifesto de lealdade e resiliência. …” https://www.goodreads.com/book/show/204939819-deus-na-escurid-o

- Pedro

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Wednesday, August 28, 2024

WeWork the (hi)story by Bloomberg - Foundering Series

Just finalized the 7-episode series by Bloomberg on WeWork (Foundering series). Reality can definitely surpass fiction in so many domains, and we WeWork is one of such cases. Very informative and insightful. Enjoy! https://podcasts.apple.com/es/podcast/foundering/id1161880916?i=1000485818078

- Pedro

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Wednesday, August 21, 2024

A empezar un nuevo libro! La era del capitalismo de la vigilancia: La lucha por un futuro humano frente a las nuevas fronteras del poder por Shoshana Zuboff

A empezar un nuevo libro! La era del capitalismo de la vigilancia: La lucha por un futuro humano frente a las nuevas fronteras del poder por Shoshana Zuboff Albino Santos (Translator) “…En esta obra magistral por la originalidad de las ideas y las investigaciones en ella expuestas, Shoshana Zuboff nos revela el alarmante fenómeno que ella misma ha denominado «capitalismo de la vigilancia». Está en juego algo de la máxima importancia: toda una arquitectura global de modificación de la conducta amenaza con transfigurar la naturaleza humana misma en el siglo XXI de igual modo a como el capitalismo industrial desfiguró el mundo natural en el siglo XX. Gracias al análisis de Zuboff, cobran gráficamente vida para nosotros las consecuencias del avance del capitalismo de la vigilancia desde su foco de origen en Silicon Valley hacia todos los sectores de la economía. Hoy se acumula un enorme volumen de riqueza y poder en unos llamados «mercados de futuros conductuales» en los que se compran y se venden predicciones sobre nuestro comportamiento, y hasta la producción de bienes y servicios se supedita a un nuevo «medio de modificación de la conducta». La amenaza que se cierne sobre nosotros no es ya la de un Estado «Gran Hermano» totalitario, sino la de una arquitectura digital omnipresente: un «Gran Otro» que opera en función de los intereses del capital de la vigilancia. El exhaustivo y turbador análisis de Zuboff pone al descubierto las amenazas a las que se enfrenta la sociedad del siglo XXI: una «colmena» controlada y totalmente interconectada que nos seduce con la promesa de lograr certezas absolutas a cambio del máximo lucro posible para sus promotores, y todo a costa de la democracia, la libertad y nuestro futuro como seres humanos. Sin apenas resistencia en la legislación o en la sociedad, el capitalismo de la vigilancia va camino de dominar el orden social y determinar el futuro digital... si no se lo impedimos antes. …” https://www.goodreads.com/book/show/55384504-la-era-del-capitalismo-de-la-vigilancia

- Pedro

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Finalized - 12 Rules for Life: An Antidote to Chaos by Jordan B. Peterson - Book Rating - 2/5

Finalized 12 Rules for Life: An Antidote to Chaos by Jordan B. Peterson Book Rating - 2/ 5 Good rules, although the book is too long in order to support the rules :-) Review to come shortly. “…#1 NATIONAL BESTSELLER #1 INTERNATIONAL BESTSELLERWhat does everyone in the modern world need to know? Renowned psychologist Jordan B. Peterson's answer to this most difficult of questions uniquely combines the hard-won truths of ancient tradition with the stunning revelations of cutting-edge scientific research.Humorous, surprising and informative, Dr. Peterson tells us why skateboarding boys and girls must be left alone, what terrible fate awaits those who criticize too easily, and why you should always pet a cat when you meet one on the street.What does the nervous system of the lowly lobster have to tell us about standing up straight (with our shoulders back) and about success in life? Why did ancient Egyptians worship the capacity to pay careful attention as the highest of gods? What dreadful paths do people tread when they become resentful, arrogant and vengeful? Dr. Peterson journeys broadly, discussing discipline, freedom, adventure and responsibility, distilling the world's wisdom into 12 practical and profound rules for life. 12 Rules for Life shatters the modern commonplaces of science, faith and human nature, while transforming and ennobling the mind and spirit of its readers. …” https://www.goodreads.com/book/show/33792742-12-rules-for-life

- Pedro

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Become an Entrepreneur by Buying a Small Business (but always thinking big) a 3rd Way (and why not...)

Starting a new podcast series and will try to learn something on how to be an entrepreneur via buying a “small” business. So far so good, strongly biased on an American reality, suffering at least until episode 6 of survival bias, but really interesting and insightful. Couple of key takeaways: Deciding how you will you fund the search is key and will have consequences on your choice. Looking for key drivers for a good business is paramount (non-cyclical, loyal customer base, stable revenue streams, healthy margins, macro tail winds, etc…) and the price you will pay. You cannot set too many constraints on your search (the widest the net the better geographical and industry) Business size should not to be too big, but with room to grow, and not to small otherwise you will end up buying a job. As mentioned it might be a strong and compelling 3rd alternative. The book was also added to wish list. https://www.amazon.es/dp/B01KP33K4Y/?coliid=I3H97SA63H72UJ&colid=14MHGYWQ2IL8H&psc=0&ref_=list_c_wl_lv_ov_lig_dp_it “…Are you looking for an alternative to a career path at a big firm? Does founding your own start-up seem too risky? There is a radical third path open to you: You can buy a small business and run it as CEO. Purchasing a small company offers significant financial rewards—as well as personal and professional fulfillment. Leading a firm means you can be your own boss, put your executive skills to work, fashion a company environment that meets your own needs, and profit directly from your success. But finding the right business to buy and closing the deal isn't always easy. In the HBR Guide to Buying a Small Business, Harvard Business School professors Richard Ruback and Royce Yudkoff help you: Determine if this path is right for you Raise capital for your acquisition Find and evaluate the right prospects Avoid the pitfalls that could derail your search Understand why a "dull" business might be the best investment Negotiate a potential deal with the seller Avoid deals that fall through at the last minute …” https://open.spotify.com/show/0NIykeSYy6CqdNqED1s6gm?si=7b5a09a8bcdf4f1c

- Pedro

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Monday, August 19, 2024

Future Library 2014-2114

Imagine writing a book that will only be read in 100 years! That is the project lead by Katie Paterson named Future Library. Are you intrigued? can find more below “….Scottish artist Katie Paterson has launched a 100-year artwork - Future Library - Framtidsbiblioteket - for the city of Oslo in Norway. A thousand trees have been planted in Nordmarka, a forest just outside Oslo, which will supply paper for a special anthology of books to be printed in one hundred years time. Between now and then, one writer every year will contribute a text, with the writings held in trust, unpublished, until 2114. …” https://www.futurelibrary.no/?utm_source=substack&utm_medium=email https://vimeo.com/97512418

- Pedro

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The ZEW Indicator of Economic Sentiment for Germany recorded a steep decline in August 2024. At 19.2 points, it is 22.6 points below the value from the previous month.

Worrisome (although not surprisingly) development on the Economic Sentiment Indicator for August’24 for Germany and Euro area (month over month %) “…The ZEW Indicator of Economic Sentiment for Germany recorded a steep decline in August 2024. At 19.2 points, it is 22.6 points below the value from the previous month. The last time expectations deteriorated in a similar manner was July 2022. The assessment of the current economic situation in Germany also declined. The corresponding indicator fell by 8.4 points to a new value of minus 77.3 points. ..” https://www.zew.de/en/press/latest-press-releases/expectations-break-down

- Pedro

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Books, published in 2024, recommended by the Economist

Books, published in 2024, recommended by the Economist. Have bought a couple and all the others were added to the wish list. Hopefully, you can find some for yourself. Biography and memoir Ian Fleming: The Complete Man. By Nicholas Shakespeare Maurice and Maralyn: An Extraordinary True Story of Love, Shipwreck and Survival. By Sophie Elmhirst. Metamorphoses: In Search of Franz Kafka. By Karolina Watroba Monet: The Restless Vision. By Jackie Wullschläger Troubled: A Memoir of Foster Care, Family and Social Class. By Rob Henderson Culture and arts All that Glitters: A Story of Friendship, Fraud and Fine Art. By Orlando Whitfield Everest, Inc: The Renegades and Rogues Who Built an Industry at the Top of the World. By Will Cockrell. Get the Picture: A Mind-Bending Journey among the Inspired Artists and Obsessive Art Fiends Who Taught Me How to See. By Bianca Bosker Reading Genesis. By Marilynne Robinson History The Eastern Front. By Nick Lloyd Every Living Thing: The Great and Deadly Race to Know All Life. By Jason Roberts A History of the World in 12 Shipwrecks. By David Gibbins How the World Made the West: A 4,000-Year History. By Josephine Quinn Impossible Monsters: Dinosaurs, Darwin, and the Battle Between Science and Religion. By Michael Taylo Medieval Horizons: Why the Middle Ages Matter. By Ian Mortimer Revolusi: Indonesia and the Birth of the Modern World. By David Van Reybrouc Smoke and Ashes: Opium’s Hidden Histories. By Amitav Ghosh Why War? By Richard Overy. The Wide Wide Sea. By Hampton Sides Venice: The Remarkable History of the Lagoon City. By Dennis Romano Fiction Hard by a Great Forest. By Leo Vardiashvili The Heart in Winter. By Kevin Barry. Help Wanted. By Adelle Waldman James. By Percival Everett Mania. By Lionel Shriver The Road to the Country. By Chigozie Obioma Politics and current affairs Autocracy, Inc: The Dictators Who Want to Run the World. By Anne Applebaum Counter-Intelligence: What the Secret World Can Teach Us About Problem-solving and Creativity. By Robert Hannigan How Tyrants Fall: And How Nations Survive. By Marcel Dirsus World on the Brink: How America Can Beat China in the Race for the 21st Century. By Dmitri Alperovitch Health, science and technology The Anxious Generation: How the Great Rewiring of Childhood Is Causing an Epidemic of Mental Illness. By Jonathan Haidt The Balanced Brain: The Science of Mental Health. By Camilla Nord Co-Intelligence: Living and Working with AI. By Ethan Mollick Dark Wire: The Incredible True Story of the Largest Sting Operation Ever. By Joseph Cox Tits Up. By Sarah Thornton Why We Die: The New Science of Aging and the Quest for Immortality. By Venki Ramakrishnan. William Morrow Happy readings "… Packing for your summer holiday? Take these books published in 2024…” https://www.economist.com/culture/2024/07/19/packing-for-your-summer-holiday-take-these-books-published-in-2024 from The Economist

- Pedro

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Saturday, August 17, 2024

Podcast Market & History Podcasts Blossoming

Overall and only in the US 100m people listen to podcasts weekly, approx. 1 hour per day. On the cohort between 18-34 the consumption time of podcast equals the TV one. Something every company should be aware while allocating its marketing resources, but at least from a avid consumer of podcasts it seems many are missing this huge market opportunity. It seems like any other domain History podcasts are blossoming. Here is a list of the History podcasts mentioned in the article, i will add them into my busy podcast list and will try all. The Rest Is History Empire - Black History Buff Dig History Hit The Dollop You’re Dead to Me History of the World in 100 Objects Happy listening! History podcasts are booming https://www.economist.com/culture/2024/08/06/history-podcasts-are-booming from The Economist

- Pedro

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Friday, August 16, 2024

A começar um novo livro! Deus na escuridão por Valter Hugo Mãe

A começar um novo livro! Deus na escuridão por Valter Hugo Mãe “…«Deus é exactamente como as mães. Liberta Seus filhos e haverá de buscá-los eternamente. Passará todo o tempo de coração pequeno à espera, espiando todos os sinais que Lhe anunciem a presença, o regresso dos filhos.» Este livro explora a ideia de que amar é sempre um sentimento que se exerce na escuridão. Uma aposta sem garantia que se pode tornar absoluta. A dúvida está em saber se os irmãos podem amar como as mães que, por sua vez, amam como Deus. Passada na ilha da Madeira, esta é a história de dois irmãos e da necessidade de cuidar de alguém. Delicado e profundo, Deus Na Escuridão é um manifesto de lealdade e resiliência. …” https://www.goodreads.com/book/show/204939819-deus-na-escurid-o

- Pedro

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Book Rating - 5/ 5 - Finalized (again) The Pyramid Principle: Logic in Writing & Thinking by Barbara Minto -

Finalized The Pyramid Principle: Logic in Writing & Thinking by Barbara Minto Book Rating - 5/ 5 What a great book on writing and thinking. Just need to find a way to live these principles daily. Review to come shortly. “…How many times have you written an email at work, read it back and found that it didn't make as much sense as you'd hoped? or worse, someone else has told you that they can't follow it. The Pyramid Principle will show you how to communicate your ideas clearly and succinctly. Barbara Minto reveals that the mind automatically sorts information into distinctive pyramidal groupings. However, if any group of ideas are arranged into a pyramid structure in the first place, not only will it save valuable time and effort to write, it will take even less effort to read and comprehend it. The Pyramid Principle explains how • think creatively, reason lucidly, and express ideas with clarity • define complex problems and establish the objectives of any document • assess your ideas and recognize their relative importance • structure your reasoning into a coherent and transparent argument • analyze your argument to confirm its effectiveness. The clear communication of ideas, whether to clients, colleagues or the management board, is a key factor in determining personal success. Applying the Pyramid Principle will enable you to present your thinking so clearly that the ideas move off the page and into the reader’s mind with a minimum of effort and a maximum of effect. Bring your ideas to life! …”

- Pedro

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Thursday, August 15, 2024

From Amazon and Digital Pricing: Interview with Frank Frohmann

Another good podcast with Frank Frohmann. Always a pleasure to listen to Frank’s ideas as you can always learn something. My key takeaways (some already embedded in my thought rationale and some that pushed me from my comfort zone): Pricing is a strategic and profitability key lever for all companies (Price, Volume, Mix, Cost Equation) - Where price leads/impacts all the other variables Price is part of the marketing mix, although the most relevant one as it is the key driver of the customer decision, due to the price/value ratio (derived from the willingness to pay). Price is not only a value capture activity, but also a value generating one via, Pricing Models and Pricing Schemes and Pricing Strategies. Digitalization has complexified the overall pricing process in 4 main areas: (i) Segmentation (ability to), (ii) the product bundle being priced (Product+ Service+ Data), (iii) Sales channels definition, (iv) and time, via the possibility of dynamic pricing and all that it entails. On top, digitalization allows the use of new tools to do pricing like Social Listening and use of extended Expert Judgements studies, before not withing reach, improving the data mosaic a “pricer” has access to make pricing decisions. https://www.markt-pilot.com/en/resources/blog/from-amazon-and-digital-pricing-interview-with-frank-frohmann

- Pedro

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Global Gini Coefficient is going down since 2000 + How to build a Viz (line graph)+ What is the Gini Coefficient and how to calculate it

A good viz on how you should build a line graph and the importance to have all the relevant information but no more than that (see the slides https://docs.google.com/presentation/d/1Xud7dLnlV2kNC23PRprvvK1cVZOGvDx9EGVmVI_cijk/edit#slide=id.p “Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.” ―Antoine de Saint-Exupéry Additionally, it seems the Gini coefficient is going significantly down worldwide that is also a great news and against ordinary knowledge. If you want to learn more on Gini coefficient and how it is calculated see the below resource from Khan Academy: https://youtu.be/y8y-gaNbe4U?si=QMvpWDFqXXuR-X6R https://slowrevealgraphs.com/2024/08/14/at-a-global-level-income-inequality-is-estimating-to-have-improved-since-2000/

- Pedro

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The relevance of Price Theory

Good read on why pricing theory is so relevant, applied as framework to see the world and not just to find a correct answer. Pricing, a domain within Economics, is a social science and not an exact one…and thy is why it can be that fun! “…Since price theory is really just a way of thinking, price theoretic training requires coming up with possible explanations for these puzzling questions using the tools that you have learned…”

- Pedro

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Wednesday, August 14, 2024

Books added to the Library throughout July'24

Throughout July’24 I have added xx books to my library. Hopefully, you can also find 1 or 2 for your own library!

The selection rules were:

  • the book had to be recommended by someone directly or by an article I have read or a podcast I have listened.

  • the book should be less than €5 (usually via Kindle -promotions- or 2nd hand).

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  1. The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results, Gary Keller

“…YOU WANT LESS.

You want fewer distractions and less on your plate. The daily barrage of e-mails, texts, tweets, messages, and meetings distract you and stress you out. The simultaneous demands of work and family are taking a toll. And what's the cost? Second-rate work, missed deadlines, smaller pay cheques, fewer promotions-and lots of stress.

AND YOU WANT MORE.

You want more productivity from your work. More income for a better lifestyle. You want more satisfaction from life, and more time for yourself, your family, and your friends.

NOW YOU CAN HAVE BOTH-LESS AND MORE.

In The ONE Thing, you'll learn to

cut through the clutter

achieve better results in less time

build momentum toward your goal

dial down the stress

overcome that overwhelmed feeling

revive your energy

stay on track

master what matters to you

The ONE Thing is the New York Times bestseller which delivers extraordinary results in every area of your life-work, personal, family, and spiritual.

WHAT'S YOUR ONE THING? …”

  1. The Dispossessed, Ursula K. Le Guin

“…One of the very best must-read novels of all time - with a new introduction by Roddy Doyle

'A well told tale signifying a good deal; one to be read again and again' THE TIMES

'The book I wish I had written ... It's so far away from my own imagination, I'd love to sit at my desk one day and discover that I could think and write like Ursula Le Guin' Roddy Doyle

'Le Guin is a writer of phenomenal power' OBSERVER

'There was a wall. It did not look important - even a child could climb it. But the idea was real. Like all walls it was ambiguous, two-faced. What was inside it and what was outside it depended upon which side of it you were on...'

Shevek is brilliant scientist who is attempting to find a new theory of time - but there are those who are jealous of his work, and will do anything to block him. So he leaves his homeland, hoping to find a place of more liberty and tolerance. Initially feted, Shevek soon finds himself being used as a pawn in a deadly political game.

With powerful themes of freedom, society and the natural world's influence on competition and co-operation, THE DISPOSSESSED is a true classic of the 20th century. …”

  1. Invention and Innovation: A Brief History of Hype and Failure, Vaclav Smil

“…From the New York Times-bestselling author, a new volume on the history of human ingenuity—and its attendant breakthroughs and busts.

Included in BILL GATES's 2023 Holiday Reading List

Included in Lit Hub’s Most Anticipated Books of 2023

Included in The Next Big Idea Club’s February 2023 Must-Read Books

"Every Smil book that I own is marked up with lots of notes that I take while reading. Invention and Innovation is no exception. Even when I disagree with him, I learn a lot from him...he always strengthens my thinking."

—Bill Gates, Gates Notes

The world is never finished catching up with Vaclav Smil. In his latest and perhaps most readable book, Invention and Innovation, the prolific author—a favorite of Bill Gates—pens an insightful and fact-filled jaunt through the history of human invention. Impatient with the hype that so often accompanies innovation, Smil offers in this book a clear-eyed corrective to the overpromises that accompany everything from new cures for diseases to AI. He reminds us that even after we go quite far along the invention-development-application trajectory, we may never get anything real to deploy. Or worse, even after we have succeeded by introducing an invention, its future may be marked by underperformance, disappointment, demise, or outright harm.

Drawing on his vast breadth of scientific and historical knowledge, Smil explains the difference between invention and innovation, and looks not only at inventions that failed to dominate as promised (such as the airship, nuclear fission, and supersonic flight), but also at those that turned disastrous (leaded gasoline, DDT, and chlorofluorocarbons). And finally, most importantly, he offers a “wish list” of inventions that we most urgently need to confront the staggering challenges of the twenty-first century.

Filled with engaging examples and pragmatic approaches, this book is a sobering account of the folly that so often attends human ingenuity—and how we can, and must, better align our expectations with reality. …”

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  1. A Thread of Violence: A Story of Truth, Invention, and Murder, Mark O'Connell

“…A NEW YORK TIMES AND ECONOMIST BEST BOOK OF THE YEAR • From the award-winning author comes the gripping tale of one of the most scandalous murderers in modern Irish history, at once a propulsive work of true crime and an act of literary subversion.

“A masterpiece”—The Observer • “Disturbing [and] compelling”—Colm Toíbín • “Superb and unforgettable"—Sally Rooney • “Brilliant”—New York Times Book Review • “A masterly work”—John Banville • “Fascinating”—Emmanuel Carrère • “Morally complex and mesmerizing”—Fintan O'Toole

Malcolm Macarthur was a well-known Dublin socialite. Suave and urbane, he passed his days mingling with artists and aristocrats, reading philosophy, living a life of the mind. But by 1982, his inheritance had dwindled to almost nothing, a desperate threat to his lifestyle. Macarthur hastily conceived a plan: He would commit bank robbery, of the kind that had become frightfully common in Dublin at the time. But his plan spun swiftly out of control, and he needlessly killed two innocent civilians. The ensuing manhunt, arrest, and conviction amounted to one of the most infamous political scandals in modern Irish history, contributing to the eventual collapse of a government.

Winner of the Wellcome and Rooney Prizes, Mark O'Connell spent countless hours in conversation with Macarthur—interviews that veered from confession to evasion. Through their tense exchanges and O’Connell’s independent reporting, a pair of narratives unspools: a riveting account of Macarthur's crimes and a study of the hazy line between truth and invention. We come to see not only the enormity of the murders but the damage that’s inflicted when a life is rendered into story.

At once propulsive and searching, A Thread of Violence is a hard look at a brutal act, its subterranean origins, and the long shadow it casts. It offers a haunting and insightful examination of the lies we tell ourselves—and the lengths we'll go to preserve them. …”

  1. Man, Economy, and State with Power and Market, Murray N. Rothbard

“…New Edition, with new introduction!

Murray N. Rothbard's great treatise Man, Economy, and State and its complementary text Power and Market, are here combined into a single edition as they were written to be. It provides a sweeping presentation of Austrian economic theory, a reconstruction of many aspects of that theory, a rigorous criticism of alternative schools, and an inspiring look at a science of liberty that concerns nearly everything and should concern everyone.

The Mises Institute's new edition of Man Economy, and State, united with its formerly sundered companion volume Power and Market, is a landmark in the history of the Institute. It takes this book out of the category of underground classic and raises it up to its proper status as one of the great economic treatises of all time, a book that is essential for anyone seeking a robust economic education.

The captivating new introduction by Professor Joseph Salerno that frames up the Rothbardian contribution in a completely new way, and reassesses the place of this book in the history of economic thought. In Salerno's view, Rothbard was not attempting to write a distinctively "Austrian" book but rather a comprehensive treatise on economics that eschewed the Keynesian and positivist corruptions. This is what accounts for its extraordinarily logical structure and depth. That it would later be called Austrian is only due to the long-lasting nature of the corruptions of economics that Rothbard tried to correct.

For years, the Mises Institute has kept it in print and sold thousands of copies in a nice paperback version. Then we decided to take a big step and put out an edition worthy of this great treatise. It is the Scholar's Edition of Man, Economy, and State — an edition that immediately became definitive and used throughout the world. The index is huge and comprehensive.

Students have used this book for decades as the intellectual foil for what they have been required to learning from conventional economics classes. In many ways, it has built the Austrian school in the generation that followed Mises. It was Rothbard who polished the Austrian contribution to theory and wove it together with a full-scale philosophy of political ethics that inspired the generation of the Austrian revival, and continues to fuel its growth and development today.

From Rothbard, we learn that economics is the science that deals with the rise and fall of civilization, the advancement and retrenchment of human development, the feeding and healing of the multitudes, and the question of whether human affairs are dominated by cooperation or violence.

Economics in Rothbard's wonderful book emerges as the beautiful logic of that underlies human action in a world of scarcity, the lens on how exchange makes it possible for people to cooperate toward their mutual betterment. We see how money facilitates this, and allows for calculation over time that permits capital to expand and investment to take place. We see how entrepreneurship, based on real judgments and risk taking, is the driving force of the market.

What's striking is how this remarkable book has lived in the shadows for so long. It began as a guide to Human Action, and it swelled into a treatise in its own right. Rothbard worked many years on the book, even as he was completing his PhD at Columbia University….”

  1. A Room of One’s Own, Virginia Woolf

“…A Room of One’s Own by Virginia Woolf: Enter the realm of feminist literature and literary criticism with Virginia Woolf as your guide. In this thought-provoking essay, Woolf explores the role of women in literature and society, emphasizing the importance of financial independence and creative freedom for women writers.

Key Aspects of the Book "A Room of One’s Own":

Feminist Perspective: Woolf offers a feminist critique of the literary canon and discusses the challenges faced by women in pursuing creative endeavors.

Literary Analysis: The book explores the historical absence of women's voices in literature and calls for a shift in societal attitudes.

Independence and Creativity: Woolf advocates for the importance of economic independence and a space of one's own as essential for women's creative expression.

Virginia Woolf, born in 1882, was a renowned English writer and a central figure in the modernist literary movement. Her works, including "A Room of One’s Own," continue to be celebrated for their innovative narrative techniques and feminist perspectives. …”

  1. Football Clichés, Adam Hurrey

“…'A must-have' - The Telegraph

'Book of the Week' - The Independent

'Hilarious' - Sport Magazine

In what other context do football fans use the words 'aplomb' or 'derisory'? Why don't we use 'rifle' as a verb on the other six days of the week? Why do aggrieved midfielders feel the instinctive need to make a giant ball-shaped gesture with both hands after a mistimed tackle is punished?

The more football Adam Hurrey watched, the more he began to spot the recurring mannerisms, behaviours, opinions and iconography that were mindlessly repeated in the football media.

Some cliches are ridiculous, some are quaintly outdated, some have survived through their sheer indisputability. Here, featuring gloriously pseudo-scientific diagrams and the inimitable writing style that made footballcliches.com a smash hit, they are covered in all their glory. …”

  1. The Kingdom, the Power, and the Glory: American Evangelicals in an Age of Extremism, Tim Alberta

“…Evangelical Christians are perhaps the most polarizing—and least understood—people living in America today. In his seminal new book, The Kingdom, the Power, and the Glory, journalist Tim Alberta, himself a practicing Christian and the son of an evangelical pastor, paints an expansive and profoundly troubling portrait of the American evangelical movement. Through the eyes of televangelists and small-town preachers, celebrity revivalists and everyday churchgoers, Alberta tells the story of a faith cheapened by ephemeral fear, a promise corrupted by partisan subterfuge, and a reputation stained by perpetual scandal.

For millions of conservative Christians, America is their kingdom—a land set apart, a nation uniquely blessed, a people in special covenant with God. This love of country, however, has given way to right-wing nationalist fervor, a reckless blood-and-soil idolatry that trivializes the kingdom of Jesus Christ. Alberta retraces the arc of the modern evangelical movement, placing political and cultural inflection points in the context of church teachings and traditions, explaining how Donald Trump's presidency and the COVID-19 pandemic only accelerated historical trends that long pointed toward disaster. Reporting from half-empty sanctuaries and standing-room-only convention halls across the country, the author documents a growing fracture inside American Christianity and journeys with readers through this strange new environment in which loving your enemies is "woke" and owning the libs is the answer to WWJD.

Accessing the highest echelons of the American evangelical movement, Alberta investigates the ways in which conservative Christians have pursued, exercised, and often abused power in the name of securing this earthly kingdom. He highlights the battles evangelicals are fighting—and the weapons of their warfare—to demonstrate the disconnect from scripture: Contra the dictates of the New Testament, today's believers are struggling mightily against flesh and blood, eyes fixed on the here and now, desperate for a power that is frivolous and fleeting. Lingering at the intersection of real cultural displacement and perceived religious persecution, Alberta portrays a rapidly secularizing America that has come to distrust the evangelical church, and weaves together present-day narratives of individual pastors and their churches as they confront the twin challenges of lost status and diminished standing.

Sifting through the wreckage—pastors broken, congregations battered, believers losing their religion because of sex scandals and political schemes—Alberta asks: If the American evangelical movement has ceased to glorify God, what is its purpose? …”

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  1. Accidents of an Antiquary's Life, D. G. Hogarth

“…Accidents of an Antiquary's Life by D. G. Hogarth is a captivating exploration of the author's adventures as an archaeologist and traveler. The book chronicles Hogarth's experiences in various locations, including Crete, Lycia, and the Satalian Gulf, amidst conflicts and historical discoveries. Through vivid descriptions and personal anecdotes, readers are immersed in the challenges and triumphs of archaeological work in volatile environments. The narrative offers a glimpse into the complexities of navigating through tumultuous events, interacting with diverse individuals, and uncovering ancient mysteries. …”

  1. Bartleby and Me: Reflections of an Old Scrivener, Gay Talese

“…Literary Legend” (New York) Gay Talese retraces his pioneering career, marked by his fascination with the world's hidden characters.

In the concluding act of this "incomparable" (Air Mail) capstone book, Talese introduces readers to one final unforgettable story: the strange and riveting all new tale of Dr. Nicholas Bartha, who blew up his Manhattan brownstone—and himself—rather than relinquish his claim to the American dream.

“New York is a city of things unnoticed,” a young reporter named Gay Talese wrote sixty years ago. He would spend the rest of his legendary career defying that statement by celebrating the people most reporters overlooked, understanding that it was through these minor characters that the epic story of New York and America unfolded. Inspired by Herman Melville’s great short story “Bartleby, the Scrivener,” Talese now revisits the unforgettable “nobodies” he has profiled in his celebrated career—from the New York Times’s anonymous obituary writer to Frank Sinatra’s entourage. In the book’s final act, a remarkable piece of original reporting titled “Dr. Bartha’s Brownstone,” Talese presents a new “Bartleby,” an unknown doctor who made his mark on the city one summer day in 2006.

Rising within the city of New York are about one million buildings. These include skyscrapers, apartment buildings, bodegas, schools, churches, and homeless shelters. Also spread through the city are more than 19,000 vacant lots, one of which suddenly appeared some years ago—at 34 East 62nd Street, between Madison and Park Avenues—when the unhappy owner of a brownstone at that address blew it up (with himself in it) rather than sell his cherished nineteenth-century high-stoop Neo-Grecian residence in order to pay the court-ordered sum of $4 million to the woman who had divorced him three years earlier. This man was a physician of sixty-six named Nicholas Bartha. On the morning of July 10, 2006, Dr. Bartha filled his building with gas that he had diverted from a pipe in the basement, and then he set off an explosion that reduced the fivestory premises into a fiery heap that would injure ten firefighters and five passersby and damage the interiors of thirteen apartments that stood to the west of the crumbled brownstone.

Talese has been obsessed with Dr. Bartha’s story and spent the last seventeen years examining this single 20 x 100 foot New York City building lot, its serpentine past, and the unexpected triumphs and disasters encountered by its residents and owners—an unlikely cast featuring society wannabes, striving immigrants, Gilded Age powerbrokers, Russian financiers, and even a turncoat during the War of Independence—just as he has been obsessed with similar “nobodies” throughout his career. Concise, elegant, tragic, and whimsical, Bartleby and Me is the valedictory work of a master journalist….”

  1. Tom Sawyer, Mark Twain

“…Las aventuras de Tom Sawyer es una novela del autor estadounidense Mark Twain publicada en 1876, actualmente considerada una obra maestra de la literatura. Relata las aventuras de la infancia de Tom Sawyer, un niño que crece durante el antebellum del Sur de los Estados Unidos en «St. Petersburg», una población de la costa del río Mississipi inspirada en Hannibal, donde creció el autor.Tom Sawyer vive con su tía Polly y su medio hermano, Sidney. En una pelea callejera, Tom ensucia su ropa y es obligado a pintar la valla al día siguiente como castigo. Tom hábilmente convence a sus amigos para canjearle pequeños tesoros por el privilegio de hacer su trabajo. Luego negocia los pequeños tesoros por boletos de la Escuela Dominical que se reciben, normalmente, cuando se memorizan versículos de la Biblia...”

  1. Macbeth, William Shakespeare

“…'A supreme theatrical poem that has a language that eats into the soul' Michael Billington, Guardian

Shakeapeare's blood-soaked drama of murder, madness and the uncanny begins as Macbeth is promised a golden future as ruler of Scotland by supernatural forces. Spurred on by his wife, he murders the king to ensure his ambitions come true. But he soon learns the meaning of terror - killing once, he must kill again and again, while the dead return to haunt him. Macbeth is an anatomy of fear and a bleak portrayal of what some will do to achieve their desires.

General Introduction by STANLEY WELLS

Edited by GEORGE HUNTER

Introduction by CAROL CHILLINGTON RUTTER …”

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  1. Bartleby, the Scrivener, Herman Melville

“…The narrator, an elderly lawyer who has a very comfortable business helping wealthy men deal with mortgages, title deeds, and bonds, relates the story of the strangest man he has ever known.

The narrator already employs two scriveners, Nippers and Turkey. Nippers suffers from chronic indigestion, and Turkey is a drunk, but the office survives because in the mornings Turkey is sober even though Nippers is irritable, and in the afternoon Nippers has calmed down even though Turkey is drunk. …”

  1. The Formula: How Rogues, Geniuses, and Speed Freaks Reengineered F1 into the World's Fastest-Growing Sport, Joshua Robinson

“…F1 is now the fastest growing sport in the world; the full story of its unbelievable rise is a riveting saga only hinted at by the likes of Drive to Survive. In this book - the first, definitive account of how F1 came to achieve total global fandom - Wall Street Journal reporters Joshua Robinson and Jonathan Clegg take us inside a world full of racing obsessives, glamorous settings, petrolheads, engineering geniuses, dashing racers and bitter rivalries.

The story of F1's world dominance is one of near-constant transformation and experimentation. This is a sport where the only way to win championships is to land a series of technical moon shots - and then do it all over again. With fast cars, big money, beautiful people, and glamorous locations from Monaco to Melbourne, The Formula tells the full, epic story of the sport. Starting in 1950s Britain, where six years of wartime engineering laid the foundations for a new type of motorcar racing; to the first global star partnership of Senna and Ecclestone; Spygate; Crashgate and its transition into an entertainment juggernaut. Bringing unique insight and access to F1's most storied teams and personalities - from Ferrari to Lewis Hamilton to Christian Horner and Daniel Ricciardo -The Formula offers a riveting portrait of the drivers, corporations, cars, rivalries, and audacious gambles that have shaped the sport for half a century.

The end result is a high-octane history of how modern F1 racing came to be - the first book to tell the story of the outrageous successes and spectacular crashes that led F1 to this extraordinary yet precarious moment. More than just a sports story, it is the tale of a commercial empire, one built in the 20th century, rendered almost obsolete in the early 21st, and re-emerged world-dominant today; a disrupter that claimed its place in the crowded sports marketplace through cash, personality, and a new understanding of what a sport needs to be in the age of wall-to-wall entertainment….”

  1. Possible: How We Survive (and Thrive) in an Age of Conflict, William Ury

“…Conflict is increasing everywhere, threatening everything we hold dear—from our families to our democracy, from our workplaces to our world. In nearly every area of society, we are fighting more and collaborating less, especially over crucial problems that demand solutions.

With this groundbreaking book, bestselling author and international negotiator William Ury shares a new “path to possible”—time-tested practices that will help readers unlock their power to constructively engage and transform conflict. Part memoir, part manual, part manifesto, Possible offers stories and sage advice from Ury’s nearly 50 years of experience on the front lines of some of the world’s toughest conflicts.

One of the world’s top experts in the field, Ury has worked on conflicts ranging from boardroom battles to labor strikes, from the US partisan divide to family feuds, from wars in the Middle East, Colombia and Ukraine to helping the US and USSR avoid nuclear disaster. Now, in Possible, he helps us tackle the seemingly intransigent problems facing us.

In Possible, Ury argues conflict is natural. In fact, we need more conflict, not less—if we are to grow, change, evolve and solve our problems creatively. While we may not be able to end conflict, we can transform it—unleashing new, unexpected possibilities.

Successfully tested at Harvard University with almost a thousand participants from business, government, academia, and the nonprofit sector, Ury’s “Path to Possible” proved so valuable that Harvard’s Program on Negotiation selected it as its inaugural online daylong in April 2022.

Possible introduces Ury’s methods and makes them available for everyone. Combining accessible frameworks and powerful storytelling and offering dozens of examples, it is an essential guide for anyone looking to break through the toughest conflicts—in their workplace, family, community or the world….”


Happy readings!



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