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This is the official Perth blog site for posts, comments, and other contributions about leadership, behavioral finance and economics, and about management generally, as well as other related topics that take our fancy.

Are Animals the Next Mass Consumer Market?

Did you notice that Skype/Microsoft has just launched its simultaneous translation service for Spanish to English ? Believe it or not, in a real-life man-bites dog story, Microsoft beat Google to the punch. Pretty soon we can expect simultaneous translation between most major and even many minor languages. Who could have predicted that just a few y...
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What Will a Driverless Car Look Like? Automodules Anyone?

I guess you have seen all the hoopla around driverless cars? But to me they look very passé. Antennae sticking out everywhere; otherwise old wine in bottles. And they look the same as they do now. What’s exciting about that? After all, when you have a driverless car you don’t need a steering wheel, controls, even a driver’s seat. That frees up a lo...
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There is a Connection between the “Nut Rage” Incident at Korean Airlines and the AirAsia Crash

The “nut rage” incident at Korea Airlines exposed once again the feudal leadership culture there. This was supposed to have been eradicated with the training given by Delta Airlines many years ago to eliminate the dysfunctional culture in the aircraft cockpit which had led to several crashes by KAL planes. Clearly this culture is still alive and we...
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Does Meat Cause Obesity?

Now here’s an interesting idea. Is the cause of obesity simply due to the antibiotics that every meat producer puts in the food supply for their animals? You might have thought that meat producers add antibiotics to their animal feed to prevent or cure disease. You would be wrong. They do it because it results in a significant weight gain for the a...
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Extreme Fracking Means the End of the Ruble as We Know It?

Did you notice that the NASA’s Curiosity Rover has just seen spikes of methane on Mars ? People are already putting one and one together to get five, namely the presumed presence of life on Mars, inferred from the production of methane. But there’s another possibility. That is, that the methane comes from inorganic, non-biological processes. If so,...
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A Disappearing Symbol of Virtue? Smartwatches Rain on the Fitness Tracker Parade

The new kid on the block is smartwatches. They will have everything that a fitness tracker has, and then some. But I think we are going to lose an important signal of people’s potential in so doing. You wear a fitness tracker all the time. It measures your activity including steps in walking, running, stair climbing, calories and so on. It’s part o...
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Why the Tech Bubble? Fewer Startups, Higher Valuations of Course!

See, everyone’s talking about the emerging (or emerged) bubble in startup valuations. My thesis: there are now far fewer startups so valuations have to go up. Duh. So you thought the number of startups was rising? All those Silicon Valley startups, every university having courses in entrepreneurship? Think again. You are totally wrong. Check out th...
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Gluten-Free Diets Kill! A Toxic Leadership Insight

Yep, it’s true. If you don’t believe me read the January 2015 issue of Consumer Reports here . Before we get to the killing part, Consumer Reports points out that their research shows that gluten-free foods usually have a lot more fat, sugar and calories than gluten-ful foods. And of course, they are way more expensive. But the killer argument, pun...
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Recent Comments
Sunshine123
Thank you Dr Prince . Can you give me more information about rice please ? When I visit China and see these vibrant and alive 70... Read More
Saturday, 29 November 2014 01:21
etedprince
Hmm, great question. Actually if you look at cancer rates in China they are very high indeed. We also know that 15% of all rice in... Read More
Saturday, 29 November 2014 02:47
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When Will Cyber-Spying Become Telepathy?

Another day, another mega-hack. Sears, JP Morgan, the US Post office, etc. The only organizations that haven’t been hacked are the ones that don’t realize it has happened to them anyway. It’s clear that a new type of digital ecosystem is emerging. In this ecosystem, cyber spies are continuously monitoring what you are doing. Meanwhile the organizat...
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Hobby Lobby, Pinterest and the Maker Movement – The New Theory of Everything?

Hobby Lobby just opened up in my town. Now the parking lot is always full. How come this stuff is so popular these days? Is it something to do with Pinterest? What has made Pinterest such a massive success anyway? People like making stuff. It’s innate to humans. Even animals like making stuff too. We now know that animals such as chimps, crows and ...
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Oscar de la Renta: The End of Snap, Crackle and Pop Leadership?

So Oscar de la Renta just died. A fashion icon par excellence. Can a fashionista be anything more than a dressed up peacock, no matter how wealthy? Every era has its leadership zeitgeist. Usually in the heady times, the zeitgeist favors pomp and circumstance, narcissists, unachievable visions and huge fortunes. That was the early 2000s. Now the zei...
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Protocol versus Passion – EBOLA and the Doctors Without Borders Leadership Model

The EBOLA crisis is giving us a pointed lesson about leadership. On the one hand there’s a rules-based approach to addressing the crisis adopted by government and the US medical bureaucracy. On the other there’s the passion-based approach championed by the NGOs and particularly Doctors without Borders ( donate to this great organization here ). The...
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What’s the Difference between Entrepreneurship and Innovation?

You can’t lift up any piece of news or commentary these days without seeing a discussion or article about entrepreneurship and innovation and how to improve one, the other or both. Prescriptions abound. But my question is: are entrepreneurship and innovation the same thing or are they different? I ask that because you usually see them come in twos ...
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Dust on Your Lens: Gravitational Waves and Cognitive Biases

Scientists are always looking for the next Big Thing so they all got excited several months ago about what looked like the discovery of the long-predicted gravitational waves. I got pretty excited too. I even blogged about it (“ Ripples In Corporate Space-Time: Do Companies Have An Internal Clock? ”). Now it looks like it was wrong. Dust on the len...
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The Calpers' Hedge Fund Fiasco: The Solution They Missed

I guess you noticed that Calpers has just ditched investing in hedge funds . The official line was that it was too complicated. The truth of the matter was that it didn’t work. .   That tells us a lot about hedge funds and investing generally and you know I am going to draw my own conclusions from that. First it’s been clear for a long ti...
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Peter Thiel “Zero to One”: Monopoly-ness is Closest to Godliness!

I just read Peter Thiel’s new book “One to Zero”. You know Peter Thiel right? Co-founded Paypal, founded Palantir, well-known for his scholarships that give chosen entrepreneurs $100,000 if they quit college and start a company. Quite a guy. The book is really a series of reflections on innovation and entrepreneurship whose quality varies more than...
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Will Putin Nuke? The Psychomarkers of Leaders for War and Peace

So Russia just conducted a nuclear test, how could that be interpreted other than a warlike act? If you are into leadership one good distinction to make is between the leaders you need for war and those you need for peace. The Mafia knew (knows?) all about it and I get my information on impeccable authority from the epic novel “The Godfather”. That...
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What the Dreadnoughtus Dinosaur Teaches us About Leadership 2.0

Did you hear about the recent discovery of the so-called Dreadnoughtus schrani dinosaur (found in Argentina)? When it lived on Earth it weighed some 85 tons. That’s 12 African elephants or 7 Tyrannosaurus Rexes. Or to translate into a modern equivalent, that’s over 40 Cadillac Escalades. That’s really, really big. So as usual that got me to thinkin...
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Yo! - Is Exercise the Secret to Silicon Valley’s Success?

I’ve just been reading about the Yo app. You know the one whose only job is to text you the word “Yo”. It doesn’t get much briefer than that. But who knows. Maybe it will get a billion dollar valuation too and make me at least look like a total fool. There are lots of theories about Silicon Valley’s success. Crazy entrepreneurs, risk-taking VCs, im...
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The Ice-Bucket Challenge – Leadership for Sissies?

I’ve been watching all the celebrities getting involved in the ice-bucket challenge . It’s quite a sight. And you can’t gainsay the fact that so far it’s raised over $40 million for the fight against  Lou Gehrig’s disease. That’s genuinely impressive. But isn’t the thinking behind it less so? The idea is that someone pours ice cold water over ...
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