Money and Finance
- Links
Interview In VII with Larry Pitkowsky and Keith Trauner of the GoodHaven Fund (LINK) Tom Murphy: The man who taught Warren Buffett how to manage a company [H/T Phil] (LINK) Related books: Berkshire Beyond Buffett, The OutsidersA Bearish Hedge Fund...
- How I Pick Problems: A Checklist To Qualify & Disqualify Ideas - By Miguel Barbosa
A very big thanks to Miguel for sharing this checklist on his site! I encourage everyone to read it and, if you have any, give feedback to Miguel on the list. As many of you know I’m very interested in problem solving and tinkering–below is a checklist...
- Bureaucracy And Overcomplexity: Apollo Asia Fund: The Manager's Report For 2q2011
In May, seeking a brief escape from markets and bureaucracy alike, I enjoyed a fascinating tour of Qinghai, the Chinese province which is part of Greater Tibet. I was interested to see how the gathering and trading of cordyceps has exploded in recent...
- Notes From Tim Harford's Book "adapt"
Via Farnam Street: Biologists have a word for the way in which solutions emerge from failure: evolution. ... Disconcertingly, given our instinctive belief that complex problems require expertly designed solutions, it is completely unplanned. Astounding...
- Culture Evolves Slowly, Falls Apart Quickly
Found via Farnam Street.Societies come together slowly, but can fall apart quickly, say researchers who applied the tools of evolutionary biologists to an anthropological debate.Using archaeological records and linguistic analyses rather than fossils...
Money and Finance
Problem Solving: Complexity, History, Sustainability - By Joseph Tainter
Sustainability or collapse follow from the success or failure of problem-solving institutions. The factors that lead to long-term success or failure in problem solving have received little attention, so that this fundamental activity is poorly understood. The capacity of institutions to solve problems changes over time, suggesting that a science of problem solving, and thus a science of sustainability, must be historical. Complexity is a primary problem-solving strategy, which is often successful in the short-term, but cumulatively may become detrimental to sustainability. Historical case studies illustrate different outcomes to long-term development of complexity in problem solving. These cases clarify future options for contemporary societies: collapse, simplification, or increasing complexity based on increasing energy subsidies.
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Related books:
The Collapse of Complex Societies
Collapse: How Societies Choose to Fail or Succeed
Related previous post: Bureaucracy and overcomplexity: Apollo Asia Fund: the manager's report for 2Q2011
Related video - Collapse of Complex Societies by Dr. Joseph Tainter:
Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7
- Links
Interview In VII with Larry Pitkowsky and Keith Trauner of the GoodHaven Fund (LINK) Tom Murphy: The man who taught Warren Buffett how to manage a company [H/T Phil] (LINK) Related books: Berkshire Beyond Buffett, The OutsidersA Bearish Hedge Fund...
- How I Pick Problems: A Checklist To Qualify & Disqualify Ideas - By Miguel Barbosa
A very big thanks to Miguel for sharing this checklist on his site! I encourage everyone to read it and, if you have any, give feedback to Miguel on the list. As many of you know I’m very interested in problem solving and tinkering–below is a checklist...
- Bureaucracy And Overcomplexity: Apollo Asia Fund: The Manager's Report For 2q2011
In May, seeking a brief escape from markets and bureaucracy alike, I enjoyed a fascinating tour of Qinghai, the Chinese province which is part of Greater Tibet. I was interested to see how the gathering and trading of cordyceps has exploded in recent...
- Notes From Tim Harford's Book "adapt"
Via Farnam Street: Biologists have a word for the way in which solutions emerge from failure: evolution. ... Disconcertingly, given our instinctive belief that complex problems require expertly designed solutions, it is completely unplanned. Astounding...
- Culture Evolves Slowly, Falls Apart Quickly
Found via Farnam Street.Societies come together slowly, but can fall apart quickly, say researchers who applied the tools of evolutionary biologists to an anthropological debate.Using archaeological records and linguistic analyses rather than fossils...