In the field of epidemiology, researchers have long used the term “tipping point” to describe how epidemics occur: At first, an ordinary disease moves slowly, not gaining much attention. But then, at a certain point, seemingly overnight, it snowballs into something much larger. Within the world of [...]
Staying off the roller-coaster
I have a question for you which is, admittedly, a trick question: Should you invest in technology stocks, such as Apple? My answer: Yes, certainly. Another question (also a trick question): Should you invest in the stocks of entertainment companies like Netflix? My answer: Again, yes, of [...]
Three questions
Not long ago, I ran into my friend Martin, who works as a cardiologist at a local hospital. In the course of our conversation, I commented on the construction equipment outside his facility and asked what they were building. His answer surprised me: “Building? No, they're actually un-building.” He [...]
Ebenezer Hazard
In the summer of 1789, George Washington got into a dispute with his Postmaster General — a fellow named Ebenezer Hazard — and removed him from office. Looking for a new profession, Hazard decided to start an insurance company. He called his new firm the Insurance Company of North America and [...]
When you don’t know
In her bestselling book, Thinking in Bets, retired poker champion Annie Duke stresses an important point: As kids in school, it was regarded as a failure if we ever answered a question “I don't know.” But, in the world outside the classroom, the only honest answer to many questions is, in fact, “I [...]
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