The track record of professional economic forecasting is, charitably, poor. The IMF didn't forecast the 2008 financial crisis. The Fed didn't forecast the 2021-…
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Ideas & Analysis
Long-form pieces that step back from the news cycle to ask why we keep getting things wrong, what historical analogies actually fit, and which mental models hold up under pressure.
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Corporate risk aversion is treated as prudent management. It's celebrated in proxy statements and praised by ratings agencies. But there is a cost to excessive …
Read issue →Network effects are the most invoked concept in technology investment, and the most frequently misunderstood. Every pitch deck claims them. Very few businesses …
Read issue →Every major general-purpose technology in history, the printing press, steam power, electrification, computing, has been followed by claims that it would either…
Read issue →Quarterly earnings cycles, annual performance reviews, political election cycles: almost every institutional structure in modern organizational life pushes towa…
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