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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.

“The Big Short” – The Real Problem with Ratings


Did you see “The Big Short”? I’m sure Bernie Sanders is having a field day, his ticket to the big job he thinks. It’s worth seeing if only to reveal the zeitgeist in 2007, a fin de siècle moment. Naturally it paints the banks and the ratings companies in the darkest of colors. So what went wrong with the mortgage bonds and such-like? The film sugge...
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Behavioral Economics & Finance Need a Killer App (ahem)


So if you look at my LinkedIn profile you’ll see that I am billed (inter alia) as a thought leader in behavioral finance. So why would I be casting aspersions on my chosen field? A while back I was discussing behavioral economics and finance with a very senior executive (British btw) for strategy and innovation in a well-known and respected global ...
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Can we create irrational AI?


Did you notice that an AI program from Google just beat a top human player at Go ? It’s a big deal; the chess problem was solved years ago but Go was still a challenge. So now that problem has fallen, AI has got to go to the next step. What will that be I wonder? The problem is getting more difficult as we come to understand that humans aren’t the ...
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Are women smarter than men – but only after babies?


So while Trump disses women, the women are nonetheless showing their mettle a la Hilary and Fox's Megyn Kelley. That brings me (well, kind of) to an article I read recently in New Scientist “Busting the baby brain myth: Why motherhood makes minds sharper ”. The author (a woman btw) is out to debunk what she sees as being the myth of the “baby brain...
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e-Wallets – China is Winning


For all the angst about the problems in the US, at least we still lead the world in innovation, right? Not so fast, read on for this telling little story. The US Is still in the throes of deciding which e-wallet it will use. There’s a ton of them around so mass appeal is limited until John Q. Public makes up his tiny mind. Then retailers can finall...
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General Anesthesia – Chemical Concussion?


After being ignored for years, including by the medical profession, we have finally woken up to the huge brain damage that can be caused by concussion. Now there’s even a movie about it . We’ve woken up to what a sensitive plant our brains actually are. I think we have another such sleeper in our midst about whose dangers we will soon wake up too. ...
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The Latest “Star Wars” – Utter Rubbish and Utterly Uplifting


So yep, went to the “The Force Awakens” really no choice, you’re a pariah or worse if you snub it. In a word it’s awful, utter rubbish. So how come it’s the highest-grossing film of all time? What’s wrong with me? Let’s dispose of the plot; worse than infantile. Content banal and repetitious, old-hat way past a million faults. Acting: total crud. S...
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Self-Driving Hoverboard Flash Mobs are the Next Big Thing!


I guess you’ve seen all these new-fangled hoverboards? Clearly a totally new and superior form of transportation. As usual the powers-that-be are trying to shut them down. Like planes banning them coz their batteries may catch fire . What a bunch of sissy-poos. I mean think of all the new stuff you can do with them. Walking – oops – hoverboarding i...
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Gluten is not the problem – herbicides are


See all those gluten-free foods at your local supermarket? Think you’re gonna lose weight when you eat them. Fuhgit about it. The skinny is that they are a useless fad. Don’t take my worthless opinion for it – instead check out the respected Consumer Reports’ article “ 6 Truths about a gluten free diet ”. The conclusions are that gluten-free diets ...
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Is Alzheimer’s Contagious?


Did you notice that Gene Amdahl (Founder of Amdahl computers, the company that ran against IBM and won for a while) just died? He was one of the pioneers in computing and a true global innovator. Tragically he died of Alzheimer’s. That puts paid to the notion that you can avoid this terrible disease by having an active mind. You couldn’t get anyone...
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Mother Knows Best – Leadership is Innate in Women, Learned In Men


Did you see that Angela Merkel, German Chancellor, just got Time’s Person of the Year ? She’s the only Western leader who can deal with Putin. She’s really the leader of “united” Europe which has the combined heft of the US. So she certainly deserves it. Definitely in the same class as Margaret Thatcher and Golda Meir. Outshines any of the other Eu...
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The Unicorn Innovation – Address Dumbed-Down Basic Needs


Unicorns are so….fashionable. You know what they are right? Startups valued at at least $1 billion, amazing right?. Right now in the US there are over 80 unicorns, mainly in Silicon Valley. One of them, Square, just went public at a valuation of $6 billion which was felt to be a low figure now. Hmmm. Now there are so many unicorns that there is a n...
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Antibiotics cause obesity – not fast food!


Ok since its Thanksgiving it’s ok to eat too much. But some time you gotta pay the piper. That’s the case as revealed by the latest survey from the National Institutes of Health about obesity . It shows that obesity is still rising even further and that women now have overtaken men as being most obese. The headline is that obese individuals are aro...
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Blockchain – A Revolutionary New Way to Stop Corruption in its Tracks, Everywhere!


You’ve probably heard of bitcoins, which are now, once again a hot topic. A US company (Coinbase) has just started up the first bitcoin credit card in the US, so I guess if it has a piece of plastic behind it, it must be good. But bitcoin is getting to be old hat these days. The really hot ticket is the blockchain which is the technology model unde...
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Tinderizing Leadership


I guess you’ve heard of Tinder ? New Age dating app: see photo, swipe left for reject, right to accept. You’re on. Major sensation amongst singles. Tinder recently announced big news . In future it will have a special space to list your job and education. Yep, never had it before. I guess that’s why it has had the reputation of being a hookup site ...
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Is the immune system the seat of consciousness?


Bill Gates is constantly in the news but his erstwhile partner-in-crime in founding Microsoft, Paul Allen, doesn’t get as much press. But he’s used his untold billions for a succession of causes, some quixotic, some not. At this stage it’s not sure where his Allen Institute of Brain Science fits into this spectrum. But its recent announcement, that...
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Will Robots Have a Problem with Mental Health Too?


The march towards robots taking over our everyday lives moves ahead inexorably. Self-driving cars are just the latest manifestation of the trend. Recent research now shows that in order to make them more human,, we need to give the similar flaws to real people so that we take them more seriously ( How perfect is too perfect? Research reveals robot ...
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Could a Cloud Attack Lead to a Global Depression?


Tech earnings were up significantly in the last quarter. This was at least partly due to significantly increased earnings from the Cloud by Microsoft , Amazon and Google. When Microsoft gets earnings from anything other than its legacy products it’s worth sitting up and taking notice. This time it aced the market for the first time in a long time. ...
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Are Narcissistic, Uncaring People the Most Successful Leaders?


I just saw the Alex Gibney’s documentary about Steve Jobs, “ Steve Jobs: The Man in the Machine” . It’s more true to the man than Danny Boyle’s “ Steve Jobs ”, also showing now. I’ve already showed my hand in my blog post on the 2013 film “ Jobs ”: “ Can a Narcissistic Bully be a Good Leader ? So what’s the message? Jobs was a visionary, bullying, ...
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Climate Scientists Are from Mars, Deniers Are From Venus (and Earth)


So I just saw “ The Martian ”. Coincidentally NASA just announced its discovery of running water on Mars . If NASA had told Matt Damon about that he could have grown grapes instead of potatoes and made his own hooch. Perhaps then he wouldn’t have wanted to have been rescued, given how utterly risky it was. There were some great Mars-scapes in the f...
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