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...outcomes. For example, when people do performance reviews for employees, what are they thinking about? Often those performance reviews focus on outcomes, where what you should try to separate is the skill component, what people can control, and the luck component - wind to their back or wind to their face. For companies, there are some outliers - some do better or worse for longer - but it's not a large number of companies and we don't understand why. Random processes can explain an enormous amount of what we see in the real world. This idea of a best team...

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

...Pakistan, of purchasing components in beauty-supply shops around the Denver suburb of Aurora for mixing explosives, and of traveling to New York City to advance an as yet undisclosed terrorism plot. Arrested along with his father Mohammed Wali Zazi and a New York City cleric, he could face up to life imprisonment if convicted...

Author: /time Magazine | Title: Terror on the Prairie: Zazi's Life in Colorado | 9/29/2009 | See Source »

...hardly a ringing endorsement. But rather than face the implications of a second no vote, which some say could lead to Ireland's exit from the E.U., the government will welcome all the yes votes it can muster - however grudging they...

Author: /time Magazine | Title: The E.U.'s Future: Back in the Hands of Irish Voters | 9/29/2009 | See Source »

...flimsy but in-your-face blue sign near the entrance displays one of Khomeini's best-known declarations: "We will stand until our last breath, last house, last drop of our blood to elevate the word of God." The shrine's interior, reminiscent of an airport hanger, reflects the Imam's austere outlook. During his rule, Khomeini received all manner of dignitaries in a bare room at his daughter's modest residence in the theological center of Qum, and refused to eat anything more extravagant than fruit, yogurt and rice. In contrast, his sarcophagus has now been enclosed within...

Author: /time Magazine | Title: Has the Iranian Regime Forsaken Khomeini? | 9/29/2009 | See Source »

...Mitterrand said after Polanski was arrested upon arrival in Switzerland to attend the Zurich Film Festival, where he was to receive a lifetime achievement award. "There's an America we love and an America that scares us, and it's that latter America that has just shown us its face." In comments that appeared to be directed at Swiss and American authorities to free Polanski, Mitterrand added that both he and French President Nicolas Sarkozy hoped for a "rapid resolution to the situation which would allow Roman Polanski to rejoin his family as quickly as possible...

Author: /time Magazine | Title: Polanski's Arrest: Why the French Are Outraged | 9/28/2009 | See Source »

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