Early warning? Hanjin collapse

Whilst this may seem tangential to Acumen, the background and implications are troublesome.

A robust economy would not thriw up such challenges. The flow on effects through the supply chain are widespread. And the refusal of the Korean Government to assist is a major policy change.

Hanjin Shipping Co Ltd’s banks are halting support for the South Korean company, its lead creditor said, making it likely South Korea’s largest shipper (and the worlds 7th largest)  is headed for bankruptcy as it is dragged down by a deep global industry downturn.… Read more

Experimentation mental tools

Far be it from becoming a mad scientist, everyone in business needs to know the basis on which our investigations into business works.

I recently came across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to an explanation of what I’d been doing all my business life – using the power of  applying mental tools from a wide array of disciplines and applying these to the business questions I had.Read more

Creativity mental tools… to help you think objectively about creativity

This isn’t a post about increasing creativity or brainstorming or other such tools, but it is a post about how you should prepare your mind to be more creative by thinking about creative thinking.

I recently came across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to an explanation of what I’d been doing all my business life – using the power of  applying mental tools from a wide array of disciplines and applying these to the business questions I had.Read more

Mental tools for modelling

I’m not sure if Cara Delevingne has ever considered using mental models, but she has certainly piqued your interest, read on…

With thinking about the course I’m developing and with recently coming across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to an explanation of what I’d been doing all my business life – using the power of  applying mental tools from a wide array of disciplines and applying these to the business questions I had.Read more

What Mental Biases do you have?

After reading about these mental biases, you’ll probably say that you knew them all along… that’s an example of a mental bias, just what we’ll discuss today.

I recently came across Charlie Munger’s 1995 speech, The Psychology of Human Misjudgment, which introduced me to an explanation of what I’d been doing all my business life – using the power of  applying mental tools from a wide array of disciplines and applying these to the business questions I had.Read more