The autocracies of the Arab world have been as economically destructive as they've been politically repressive.

What the investment community does like is short-term measures designed to boost share prices.

We assume that good-looking people are smarter and more effective than they really are, and that homely people are the reverse.

No decision-making system is going to guarantee corporate success. The strategic decisions that corporations have to make are of mind-numbing complexity. But we know that the more power you give a single individual in the face of complexity and uncertainty, the more likely it is that bad decisions will get made.

If someone really wants my company's business, why shouldn't he be able to do everything he can - including paying me off - to get that business? Because bribery encourages people to make decisions based on the wrong criteria, which means in the business world that it distorts the efficient allocation of resources.

Traditionally, tours were a means of promoting a record. Today, the record promotes the tour.

The autocracies of the Arab world have been as economically destructive as they've been politically repressive.