The OODA loop was developed by military strategist John Boyd. It explainins the four steps of decision making: Observe, Orient, Decide Act.| Taylor Pearson
Almost everyone systematically under-allocates resources to the fat tails. We tend to spend most of our time and energy thinking about the middle, because we see the world through a bell curve lens, and most of the area in a bell curve is in the middle. But in reality, we live in an 80/20 world, where the top 1% of fat tails account for 50% of the results. The people who understand this seem to attract luck, but really they’ve just adopted the 80/20 curve model.| Taylor Pearson
There is history: what happened, but there is also a broader question: how does history happen, what drives it?| Taylor Pearson
There is a meta-skill of making the right type of decision for the situation. We tend to focus a lot of energy on making “good” decisions.| Taylor Pearson
Lots of topics seem academic & semantic with really big real world implications. One is the St. Petersburg Paradox and how it relates to ergodicity.| Taylor Pearson
I’ve spent a lot of time studying operations and here are my favorite books and resources!| Taylor Pearson
Do you ever feel like a different version of the same problem keeps happening over and over? That every time you think you’ve finally won the game of whack-a-mole, another mole pops up? One common reason for this is that you are solving problems at the wrong level of the organization. Until you start to... [Read more]| Taylor Pearson
How to use the Cynefin Framework to make better decisions and more effectively run your organization or team.| Taylor Pearson
A supermarket is a magical place. It is a place where a customer can get: What they need. At the time they need it. In the amount they need it. Supermarkets must make certain that customers can buy what they need at any time. If you run a supermarket and 10% of your products are... [Read more]| Taylor Pearson
The traditional view of insurance is that it is a “win-lose” proposition. There are three reasons that insurance would exist: Asymmetric information – one party knows something that the other doesn’t. Irrationality – one party (typically the insurance purchaser) is dumb. Risk aversion – the buyer of insurance knows they are making a losing bet,... [Read more]| Taylor Pearson
If you “have optionality,” you don’t have much need for what is commonly called intelligence, knowledge, insight, skills, and these complicated things that take place in our brain cells. For you don’t have to be right that often. All you need is the wisdom to not do unintelligent things to hurt yourself (some acts of omission) and recognize favorable outcomes when they occur.| Taylor Pearson
What is company culture? Why does it matter? And how do you create a company culture worth $150 million dollars?| Taylor Pearson
The Oil Crisis in the fall of 1973, followed by a recession, affected government, business, and society the world over. A period of general prosperity in the 1950s and 1960s in the wake of WW II had provided good business conditions, particularly in the newly ascendant USA. However, towards the end of the 1960s, a... [Read more]| Taylor Pearson
Ergodicity - the average outcome of the group is the same as the average outcome of the individual over time.| Taylor Pearson