The fact that cognitive diversity matters does not mean that if you assemble a group of diverse but thoroughly uninformed people, their collective wisdom will be smarter than an expert's. But if you can assemble a diverse group of people who possess varying degrees of knowledge and insight, you're better off entrusting it with major decisions rather than leaving them in the hands of one or two people, no matter how smart those people are.

Patrimonial capitalism's legacy is that many people see reform as a euphemism for corruption and self-dealing.

The desire for reinvention seems to arise most often when companies hear the siren call of synergy and start to expand beyond their core businesses.

Of course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.

A long-term crisis, after a certain point, no longer seems like a crisis. It seems like the way things are.

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

I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.