Obvious Adams: The Story of a Successful Business Man by Robert Updegrafft, John Brubaker (Foreword) by Pedro
Book Review 3/5
Read on Substack
4/07/2024
Tribute from Mckinsey to Daniel Kahneman
Great tribute from Mckinsey to Daniel Kahneman, where they compile all the articles Kahneman authored or coauthored to Mckinsey: Sounding the alarm on system noise → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/sounding-the-alarm-on-system-noise Daniel Kahneman: Beware the ‘inside view’ → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/daniel-kahneman-beware-the-inside-view Strategic decisions: When can you trust your gut? → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/strategic-decisions-when-can-you-trust-your-gut Staying ahead: How the best CEOs continually improve performance → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/staying-ahead-how-the-best-ceos-continually-improve-performance Author Talks: Got friction? Stanford’s Robert I. Sutton shares what you can do about it → https://www.mckinsey.com/featured-insights/mckinsey-on-books/author-talks-got-friction-stanfords-robert-i-sutton-shares-what-you-can-do-about-it The strategy-analytics revolution → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-strategy-analytics-revolution How to beat your biases and make better investment decisions → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-to-beat-your-biases-and-make-better-investment-decisions Putting behavioral psychology to work to improve the customer experience → https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/putting-behavioral-psychology-to-work-to-improve-the-customer-experience How to take the ‘outside view’ → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-to-take-the-outside-view Debiasing investment and strategy decisions → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/mckinsey-on-finance/mckinsey-on-finance-number-80/debiasing-investment-and-strategy-decisions Be rational about irrationality → https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/the-organization-blog/be-rational-about-irrationality The case for behavioral strategy → https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-case-for-behavioral-strategy Will go through each independently in the near future! Meanwhile, Happy Readings! - the 4th Note on a Tribute Notes Series to Daniel Kahneman https://www.mckinsey.com/featured-insights/themes/remembering-daniel-kahneman?cid=other-eml-alt-mip-mck&hlkid=bae092013a14454b9453c159deed24ba&hctky=3011708&hdpid=98e5492e-b5be-41dc-b148-6defec80c5a5
- Pedro
Read on Substack4/06/2024
Article from the Economist about Daniel Kahneman
A good article from the Economist about Daniel Kahneman who died on March,27th. It walks you through the main ideas and theories that were presented by this great academic, being the Prospect Theory one of his great contribution! Happy readings! - the 3rd Note on a Tribute Notes Series to Daniel Kahneman “…people’s well-being responds to changes in wealth, more than levels. The changes are judged relative to a neutral reference point. That point is not always obvious and can be recast: a bonus can disappoint if it is smaller than expected. In pursuit of gains, people are risk averse. They will take a sure win of $450 over a 50% chance of winning $1,000. But people gamble to avoid losses, which loom larger than gains of an equivalent size….” Daniel Kahneman was a master of teasing questionshttps://www.economist.com/finance-and-economics/2024/04/04/daniel-kahneman-was-a-master-of-teasing-questions from The Economist
- Pedro
Read on SubstackSmart Money
After reading this article from the Economist, decided to add this book to the wishlist as it relates to data and football 2 of my favorite topics. The story of Matthew Benham and his strategy fundamentals that led Brentford to the Premier League and allowed them to achieve great performances vs. the potential of the squad. In 1978, when Alex Duff first went to watch Brentford, players would go on midweek pub crawls near the Griffin Park stadium. Sometimes, in no fit state to go home, they would crash out in a terraced home where one of them lived opposite the stadium gates. The next morning, they clambered into a white van which one of them would drive to training, stopping on the way for a bacon sandwich and cup of tea at a greasy spoon café. Brentford had once played in the top-flight but now, idling in the third division, were a second home for players and supporters, but there was neither the ambition nor money to revive their best days. They bumbled along until in 2005, fed up with trying to make a profit from a club with an ageing stadium in an unfashionable west London suburb, owner Ron Noades agreed to hand over the business to supporters on the condition they take over responsibility for their £5.5 million overdraft. One of the fans, an Oxford University physics graduate called Matthew Benham, was making millions of pounds from professional gambling and threw in a £500,000 lifeline to help keep the club afloat. Initially, as a sort of academic challenge, he began figuring out if he could employ the mathematics which he used in beating the bookmakers to improve the club's performance on the pitch. Smart Money is the story of how a scientist with an inquiring mind was set loose in a backwater of professional football, and how he turned a modest, little-known team into a competitor in one of the world's most-watched sports leagues. https://www.economist.com/culture/2024/04/03/in-the-premier-league-data-help-minor-clubs-take-on-the-mighty
- Pedro
Read on SubstackNew sensor can change the paradigm of PFAS
This new sensor can change the paradigm of PFAS (perfluoroalkyl and polyfluoroalkyl substances) tests. A great breakthrough in order to promote and ensure that everyone can drink quality water (one of basic features of life). An innovation with a huge and tangible payoff. In order to understand its magnitude, the movie Dark Waters, that I strongly recommend, can bring you up to speed. Happy readings and also enjoy the movie! https://www.youtube.com/watch?v=RvAOuhyunhY https://news.mit.edu/2024/new-sensor-detects-harmful-forever-chemicals-drinking-water-0311?utm_source=substack&utm_medium=email
- Pedro
Read on SubstackBook Review: Raving Fans → Blanchard & Bowles
Book Rating - 3/5 Raving Fans → Kenneth H. Blanchard, Sheldon Bowles Review to come shortly! https://www.goodreads.com/review/show/6353168080
- Pedro
Read on SubstackBook quote: Raving Fans → Blanchard & Bowles
Book quote: Raving Fans → Blanchard & Bowles “…But when all is said and done, goods aren't sold; products and services are bought. …”
- Pedro
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