Addictive behavior is kind of the inverse of procrastination: procrastination is about not being able to do what you want to do, addiction about not being able to not do what you don't want to do (drink, use drugs, etc.)

Sometimes you have to destroy your business in order to save it.

In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.

The oil market is especially sensitive even to a hint of expansion or contraction in supply.

Tough times have always lent themselves to nativist sentiments and closed-door policies. But in the case of highly skilled immigrants these policies are a recipe for stagnation.

The ban on sports betting does exactly what Prohibition did. It makes criminals rich.

In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.