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You talk about how winning strategies aren't transitive. What's the lesson for managers? One mistake managers make is 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...

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

Any other big takeaways? A huge one is reversion to the mean [the tendency of an extreme event to be followed by a less extreme one]. Really high performance is a function of skill and luck. And luck, by definition, is transitory - it comes and goes. The next time you...

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

See 10 ways your job will change.

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

If you're like most people, you do a lot of routine things in any given day - running errands, say, or e-mailing or doing laundry. And like most people, you've probably never stopped to wonder whether the pattern of your routine behavior fits into some sort of universal...

Author: /time Magazine | Title: 'Sorry I Haven't Written': A Scientific Explanation | 9/29/2009 | See Source »

In the current issue of Science, Malmgren and several colleagues explain that as far as human correspondence goes, when and how long you choose to sit down and e-mail your friends or family has less to do with your desire to get in touch than with a larger - and...

Author: /time Magazine | Title: 'Sorry I Haven't Written': A Scientific Explanation | 9/29/2009 | See Source »

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