Perthblog

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.
Dr. E. Ted Prince is CEO and Founder of the Perth Leadership Institute, which has developed unique leadership assessments for financial leadership and business acumen. He is the author of The Three Financial Styles of Very Successful Leaders, published by McGraw Hill in 2005 and since published in China, India and Taiwan and Business...
Dr. E. Ted Prince is CEO and Founder of the Perth Leadership Institute, which has developed unique leadership assessments for financial leadership and business acumen. He is the author of The Three Financial Styles of Very Successful Leaders, published by McGraw Hill in 2005 and since published in China, India and Taiwan and Business Personality and Leadership Success: Using the Leadership Cockpit to Improve Your Career and Company Outcome published by Amazon Kindle in 2011. He has numerous publications in the area of leadership, management, human resources, business strategy and technology and is a frequent speaker at industry conferences. He has held the positions of Visiting Lecturer at the University of Florida and Visiting Professor at the Shanghai University of Finance and Economics. Dr. Prince has been CEO of several companies in the technology area over a period of 20 years including Chairman and CEO of a public company for 6 years. He has also been on the boards of numerous other companies including several public companies. Dr. Prince holds a BA First Class Honors degree in languages and political science from the University of New South Wales in Sydney, Australia, and MA and Ph.D., degrees in political science from Monash University in Melbourne, Australia.
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LLMs Kaput; Viva la Multilarity!


Words are so boring. We’re going to move to LXMs (non-LLM-based models) which can ditch obsolescent codas to move up into the new good stuff. Not So Single(sic) We’ve all been captured by the tempting notion of the Singularity. Singularity is the final signal of the end of everything, the ultimate resting place for bureaucrats, politicians and wann...

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THE HOTEL AT THE END OF THE UNIVERSE


Would Saudi Arabia’s new city of Neom be more admired on Earth if it could be seen from Proxima Centauri? The Line in the Sand No doubt you have read about the new city of Neom being built by Saudi Arabia as its new-world city. It will be 170 kilometers long and incorporate skyscrapers and architectural monuments. Neom’s vision is the flowering of ...

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Honey, I Shrunk the (Kids, Whoops) Universe!


We humans made a huge mistake in our design for exploring the universe – we are looking through the wrong end of the telescopes! Eye in the Sky I’m sure you have heard heaps about the James Webb Telescope – definitely a technological breakthrough and a gigantic step towards understanding the known universe a bit better. Now we’ve got another additi...

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Do AI’s Believe in God?


  I’m expecting AIs to come up with an answer, because that should tell us if we humans have free will or not. That translates into whether humans will ever be able to answer the really interesting questions, or just keep on endlessly playing old (vinyl) records, even if we persuade ourselves that there is, or isn’t, a God. Do We Even Matter? This ...

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AI Still Hasn’t Discovered the Secrets of Financial Behaviors


  Behavioral economics and finance were an innovative new approach to economics and human behavior. But the economists still don’t get it. Human Behaviors Not Meant to be Studied? You might have noticed that Daniel Kahneman, one of the two founders (with Amos Tversky who predeceased him thereby being passed over for the Nobel) just died. The two ec...

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“The 3 Body Problem”: China’s Poisoned Chalice?


Where’s the Universe headed? Downhill, according to “The 3 Body Problem”. Not a Warm Body So maybe you are aware of the hot sci-fi movie on Netflix “The 3 Body Problem” (T3BP)? The first Chinese sci-fi film to win a famous global prize for sci-fi stories. Yep, it’s pretty good, probably one of the best sci-fi books and movies I have ever encountere...

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Ultra-Processed Foods Are Great?!


The killjoys are on the march again. Ultra-processed is next to Godliness. Big Food Seems like you can’t read an article anywhere without being told that the reason that so many of us are obese or big is because we eat too much ultra-processed food. That’s got me to thinking and even, ultraly ruminating. Is a nicely turned steak with a carefully an...

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The Next – Mental - Extinction?


Mental health globally is already in crisis. AI is already making it dramatically worse. Could it be the final death of us? We’re All Hal Now! Now we’re all getting into the bad stuff that comes with AI. That includes ,inter alia, racial bias in AI tools, c.f. Google’s Gemini admission by its CEO, numerous instances of the AIs giving us wrong or ev...

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WHY HASN’T AI DISPLACED WARREN BUFFETT YET?


There’s a global industry out there devoted to predicting stock prices; the evidence shows that human traders rarely beat index funds or the S&P. Is AI going to finally figure out how to do that? Don’t bet on it, but we have a way. Is AI Expert? Whither AI? The pundits all see it taking over the world. I’m not so sure. The oldies reading this m...

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Two Birds with One Stone? Are We About to Defeat Alzheimer’s and Parkinson’s?


Both diseases lead to dire human suffering and dispiriting global social and economic impacts. Did we just find the secret to curing them? A Little Bit of Knowledge is a Dangerous Thing OK just for the record, I have no medical qualifications whatsoever. Just an average but curious citizen wanting to do my little bit if I can find something I might...

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How About Immunity for…Musk?


We need to make a clear distinction between the types of immunities. Boring Immunities We’ve heard a lot, actually too much, about immunity lately. Seems like if it were granted to any politician who became a President, that’s the end of the American dream, freedom if you remember. We’ve also heard a lot about another disrupter extraordinaire excep...

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Is Lying Innate - Including AIs?


AIs can lie and will get much better at it. Get used to it. Liar, Liar, House on Fire So now we’re all repeating to each other how ChatGPT made up fake legal cases for Mike Cohen (Trump’s ex-personal lawyer) not to mention many others. Obviously, this AI stuff is not as good as the gurus make out. After all humans lie all the time and we have perfe...

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Obesity Drugs Crush Fitness, Expand Screen Time?


What if, in defeating obesity, we get worse bodies and new and serious medical conditions? Everyone’s a Weight Winner These obesity drugs are changing everything. If you are badly overweight, they are transformational. Since there are so many people in this category globally, we can expect huge numbers of people to take them eventually. In the deve...

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Did Napoleon Invent OpenAI’s Secret Q*-


The killer app for AI is being able to win wars over unprecedentedly multiple fronts, irrespective of an initiators’ level of resources. Check out the recent Napoleon movie to see how it’s done. AI Spy (With My Little Eye) There’s been much chatter as to why Sam Altman was fired and then, (pro tem?) rehired. The scuttlebutt is that OpenAI had secre...

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IS AI THE REAL PROBLEM IN CONTEMPORARY LEADERSHIP?


It looks like AI is not only not improving business and political leadership; it’s actually making it worse. Man of the Year: Person to Fear? I’m sure you took notice of Sam Altman. the CEO of OpenAI, who has just been fired. As it turns out, he was one of  Time Magazine’s Persons of the Year for 2023 that called him “perhaps the most powerful pers...

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Does Social Media Lead in a Direct Line to Autocracy?


Democracy is rapidly a disappearing form of government. We will be lucky if we can just sustain soft autocracies. X Marks the Spot… Until recently social media was nothing. Now it’s the thing. So much so that the Supreme Court is getting on the act by accepting a case (would you believe), namely when can when public officials block people on their ...

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Sam-I-Am – How About Using SBF to Transform Global Welfare?


  We should harness SBF to catalyze global finance for the purposes of social good, instead of merely putting him in jail. Green Eggs and Ham I guess numerous assorted lawyers, traders and financial guys are watching the trial of Sam Bankman-Fried (SBF). You know the wunderkind multibillionaire who minted it all on his ownsome and is now on trial f...

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How About We Figure Out How to Have the Worst Possible Nuclear War?


We need to imagine the very worst that could happen as a result of the Ukraine war if are to have ever have the remotest chance of preventing it. A Nice Little War The opinion of those who follow these things is that at this particular time in history, this is the nearest we have come to nuclear war since the Cuban missile crisis. Here’s a stupid q...

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Can AI’s Rule?


We clearly can’t trust humans to run the world. Now we’ve gotta try the AIs. Nothing Beats Free! Did you catch up with the troubling book “How Democracies Die” by Harvard professors Steven Levitsky and Daniel Ziblatt? Hmm the august provenance is already going to be a turnoff for the people who need it most. Anyway, you get the idea. Clearly a key ...

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Does Gravity Cause Transgender Transitions?


Gravity is not a constant. What icon falls next? Weighty Matters Whadya know? New cutting-edge research seems to show conclusively that gravity doesn’t work like it’s supposed to. To wit, it is stronger at lower-than-average accelerations. Wow! That changes everything! For the skinny see this account. I can’t imagine a deeper revolution in physics,...

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  278 Hits

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