Tao

Boiling Frogs

I found this little snippet…. The pace of disruptive change is increasing, from the rise of cloud technology, social business, the Internet of Things and others. We feel it as much as other government departments and so we offer this internal research paper publicly, not to present policy or guidelines, but to stimulate debate. So why the title “Boiling Frogs?” The story goes that if a frog is placed in a saucepan of cold water,…

Continue reading

Tao

Psychological Conditions

From The Daily Reckoning… Here are a couple of psychological conditions that relate to investing: Metacognition: The less competent you are at a task, the more likely you are to overestimate your ability to accomplish it well. Competence in a given field actually weakens self-confidence. Dunning Kruger Effect: Dunning Kruger is a cognitive bias in which unskilled people make poor decisions and reach erroneous conclusions, but their incompetence denies them the metacognitive ability to recognise…

Continue reading

Tao

I don’t suffer fools well

Probably the hardest thing I find to explain is that which seems so obvious, it should just be known! Yet I repeatedly find myself trying to explain some concept to some person which is so simple, there are just no words dumb enough to make it understandable. It’s like trying to teach someone how to breath. How would you have been able to live till now without knowing that? Some things you should just know!…

Continue reading

Tao

Dr Isaac Asimov’s Three Laws of Robotics.

Dr Asimov describes the three laws of robotics. First Law: A robot may not injure a human being, or, through inaction, allow a human being to come to harm. Second Law: A robot must obey the orders given it by human beings except where such orders would conflict with the First Law. Third Law: A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.…

Continue reading

Tao

Quote from Michael Jordan

A quote I just came across. Allegedly from Michael Jordan – the Basketball Player for those who do not know ‘I missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game-winning shot… and missed. I’ve failed over and over and over again in my life. And that is why… I succeed.’

Continue reading

Tao

Why You Think You’re Never Wrong (and What to Do About It)

Here is an interesting article I found on Life Hacker. Once an idea enters your mind it’s hard to get rid of it. Even after you’ve been proven wrong and know that you are, your brain is wired to stick with the original information. It even influences you subconsciously. This makes it exceptionally difficult to actually feel wrong even when you know you are. Scientific American has the explanation of this phenomenon: Psychologists asked college…

Continue reading

Tao

Yak Shaving

Yak Shaving is when, to complete a task, another task is required first, and then another before that, ad-finitum. Such that the chain of things needed to do to complete the original task becomes unmanageble. For example; I want a cup of coffee. But I have no milk. I can get some milk from Mike, but if I ask him, he will want the $5 I owe him. Pete owes me $5 that I can…

Continue reading

Tao

Bikeshedding

The story goes that A while ago, there was a nuclear power plant being built. The plans where taken to the Board of Directors for approval. No one questioned the thickness of the walls, the size of the nuclear chambers, or the other “technical” aspects of the design. Where they did get caught was in the discussion of what colour the employees bike shed should be painted. And as such, the project was delayed several…

Continue reading

Tao

Not My Fault!

The blame game is an interesting topic to examine – It leads to some very interesting conclusions. Generally speaking, there are two types of reactions to a problem. “How can we fix it” or “It wasn’t my fault”. Several years ago I was reading and article that was talking about the later of these – “Not my fault” – which concluded that when a person passes off the blame, they also pass of the ability…

Continue reading