3 pages

Strategy

Balancing persistence vs pivoting – is grit a virtue or wasteful?

Being persistent, sticking to a plan and showing up to work every day is generally valued highly across all cultures as virtuous behavior. It is obvious that anything of value and worth achieving is also not easy, but requires significant and recurring effort. Learning a new language, winning a sports competition or building a successful business are all typical scenarios where grit plays a central role above everything else. However, sometimes the virtue of tenacity can result in just a waste of energy.

The simple art of effective decision-making for managers

A large part of a manager’s role is to make decisions and be responsible for their outcomes. While there is ample advice on how to be successful in many other managerial core areas, such as growing your people, the domain of high-quality decision-making seems less crowded. In this post, I summarize what I have found during my 20+ years as a manager to be a simple and effective way to approach decision-making.

When everyone else is wrong

The stock market is a powerful globally distributed forecasting system. Last Friday it was forecasting a rosy future as the MSCI World index got to a new all-time high. But it does not make sense.