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...gets you to think about how to evaluate 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...

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

Harvard’s top co-ed sailors made the short trip to Medford, Mass. to compete on Mystic Lake for the two-day Hood Trophy regatta. The local venue provided a challenging sailing setting, as the Crimson squad had to battle shifty wind conditions and gernally trying weather on its way to a fifth-place team finish...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Co-Eds Hit Stride In Weekend Races | 9/29/2009 | See Source »

...nickname for Mystic Lake is Mystery Lake for its unexpected wind conditions,” Himler said. “Wind puffs come in from out of nowhere, which really makes the sailing difficult and the results unpredictable...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Co-Eds Hit Stride In Weekend Races | 9/29/2009 | See Source »

...cannot lead to complacency." But normalcy is leading to complacency. Consider the financial reforms that Obama's Administration wants to push through Congress: the big ones are creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic-risk regulator and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies. Steps in the right direction? Probably. Truly major reforms? Not so much--and even they may not win congressional approval...

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

...penalty hurts, especially on a big play,” Winters said. “It just kind of takes the wind out of you. You know I didn’t see it, I don’t know, I’m sure it was a good call, but Treavor made a great play on that, broke a couple of tackles, made some great cuts, everyone was excited. You know, for that to be called back, you just have to regroup...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: NOTEBOOK: Last-Play Decision Raises Questions | 9/28/2009 | See Source »

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