Word: understandibly
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...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, you should always be circumspect about that...
...chief investment strategist of Legg Mason Capital Management, Michael Mauboussin's job is to understand the world and then make money off of it. What he's found over the years is that investors, like any other group of people, are prone to make mistakes that stem from faulty approaches to decision-making. In Think Twice: Harnessing the Power of Counterintuition, Mauboussin - also an adjunct professor of finance at Columbia Business School - pulls from fields such as psychology, statistics and complexity science to explain how we might do better. TIME's Barbara Kiviat spoke with...
...feel about the way you were shown in the Sacha Baron Cohen film Brüno? -Matthew Thacker, Bowling Green, Ohio I don't feel good about it because I was the subject of a trick, and nobody likes to be tricked. I understand they're not making a tremendous amount of money off this movie, so maybe the American people aren't as cynical as they assumed. (Watch the conversation with Ron Paul...
...against all spending - even spending that I might justify - unless it doesn't add to the deficit, because debt is a monster and it has driven us to the point of bankruptcy. I think my constituents' best interests are served by voting against all excessive spending. Evidently, they must understand it to some degree, because up until now I've been re-elected...
...kind of treatment than ordinary people, which just isn't an option in the U.S.," says Ted Stanger, an author and longtime resident of France who has written extensively on the differing public views and attitudes across the Atlantic. "The French in particular, and Europeans in general, don't understand why it isn't possible for American officials to intervene and say, 'Hey, it's been over 30 years and things look a little different now. Let's just forget this thing.' " (Read "More Sex, Please, We're French...