At your own risk An entrepreneur is a decision-maker comfortable with taking risks, and prepared to invest in & embrace activities without sure outcomes. Most people don't think this way. It's often a challenging concept for academic high achievers, for example, to assume the risks & rewards of projects that… full article

Direction, reaction...creation Without getting started little can be achieved. The great educator Stephen Covey further submitted that a habit of highly successful people is to begin with the end in mind. Taking action is great; but you need a strategy. And the actions you take need to be in the… full article

'I've started so I'll finish' Do you ever browse through those 'day in the life' profiles where successful people forever seem to start their day at obscenely early hours? Although the repetition can be grating, it's not entirely coincidental. After all, you can't achieve much in a day if it… full article

Doing nothing is hard to do 'Don't just do something; stand there!'. This delightful piece of wordplay has been around since at least the end of WWII, and has variously been attributed to Clint Eastwood, Dwight Eisenhower, and even Lewis Carroll's White Rabbit. In terms of how this counter-intuitive phrase… full article

Too big to fail? Another week, another high-profile corporate collapse reported, this time in the UK construction sector, with the group in question having reported very strong growth in its 2016 revenues to well over £5 billion, growth in its underlying profit before tax, and an increased dividend. How so?… full article

Faint praise 18 months or so ago I went to a party in Sydney where I met one of the country's best-known economic journalists, and happened to ask him whether he felt news articles with a negative slant or angle were better received overall than those adopting a positive stance.… full article

Thrown for a loss Countless casino and coin-tossing studies have concluded that, due to the way we have evolved as a species, we feel the pain of loss far more acutely than we enjoy the sensation of making a gain. Indeed, casino operators know this only too well, which is… full article

Information asymmetry Typically in a transaction one party has access to more information than the other, and this asymmetry can be higher in more complex markets. To alleviate fears of insider trading in the stock market, investors are often compelled to 'follow the smart money' - fund manager Peter Lynch… full article

Dark side of the moon This week I skimmed an academic paper concluding that in the event of sweeping tax changes home ownership rates would rise from 66.7 per cent to 72.2 per cent, and it brought to mind what Nassim Nicholas Taleb coined the Ludic Fallacy, the "dark side of… full article

Going for gold Sir Dave Brailsford infamously took Britain's elite cyclists from also-rans to gold medallists, citing the power of marginal gains as the cornerstone of their success. A sceptic might say that striving for marginal gains could drive competitors so far as to push or even bend the rules,… full article