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...they'll read a book that says: Here are the eight things great managers do. They figure if they just live up to those attributes then they'll succeed. Well, no. It's not the attributes that matter, it's the circumstances - what's going on around them. Almost all successful strategies are circumstance-based, not attribute-based. Boeing, for instance, a very smart company, had outsourced a lot of their products, but then they outsourced the design of the 787 and it was a complete disaster. The attribute was "outsourcing is good," but in this case, the circumstances didn...

Author: /time Magazine | Title: Common Mistakes Even Smart Investors Make | 9/29/2009 | See Source »

...level of the individual. How do you approach investing differently, knowing what you do about the psychology of decision-making? One theme is contemplating different outcomes and attaching probabilities to those. There is this notion called the inside-outside view. The inside view, which is how almost all of us plan, is that when you're thinking about the future, you gather all the information around you and do your analysis and go from there - whether you're launching a new product, putting an addition onto your house or forecasting the markets. The outside view asks the question, what happened...

Author: /time Magazine | Title: Common Mistakes Even Smart Investors Make | 9/29/2009 | See Source »

There were about 50 new cases at Harvard last week as well, said UHS Director David S. Rosenthal ’59. Almost 70 percent of those new cases are undergraduates, he said...

Author: By Danielle J. Kolin, CRIMSON STAFF WRITER | Title: Harvard Near National Average, Above Mass. Average for Flu-Like Illness Between Sept. 12 and 18 | 9/29/2009 | See Source »

Then again, it was decisions made by government officials in the years before the crisis that allowed things to get so bad. From ill-considered deregulation of banking and derivatives to over-the-top encouragement of homeownership, Washington's fingerprints are all over the crisis. Almost nothing has been done to right these wrongs. That's lesson No. 3. Put another way: it's really hard for a democracy to make big changes in the absence of a big crisis--and the big crisis has passed...

Author: /time Magazine | Title: The Bailout's Biggest Flaw | 9/28/2009 | See Source »

...citing that as justification for a recent rocket attack by fellow Islamist group Islamic Jihad. "If the Israelis stop all their attacks, there will be no rockets from [Islamic] Jihad and the other big movements," al-Nounou said. Islamic Jihad and other Islamist groups are believed to be behind almost all of the rocket attacks since the cease-fire came into effect. Though there is some suspicion that Hamas may have had a hand in one or two, it has not claimed responsibility for any post-cease-fire rockets launched into Israel...

Author: /time Magazine | Title: Israel's Cease-Fire with Hamas: Close to Snapping? | 9/28/2009 | See Source »

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