What Pirates Can Teach You About Price

In 1st century BCE Julius Ceasar was captured by Cilician pirates.  They wanted 20 silver talents ($330,000) for his release. Julius Ceasar laughed at the pirates and told them they should be asking for at least 50 silver talents ($825,000) for his ransom. The pirates were confused.  They had never met a hostage that demanded… Continue reading What Pirates Can Teach You About Price

When To Quit (I Wish I Could Tell My Younger Self This…)

Anything worth doing requires hard work.  You know this. So why is it that people tend to throw in the towel when things just start to get tough?  You knew it was going to be hard, because the work you're doing is important and needed. There's a much better time to decide to quit something:… Continue reading When To Quit (I Wish I Could Tell My Younger Self This…)

Playing At The Edge

Few people realise that most medicinal breakthroughs were the result of complete luck and serendipity. Only about two HIV medications are the result of huge financial investments and research. Everything else, from antibiotics to chemotherapy treatments are a result of luck. After we discovered these drugs, we then figured out the science behind the medications… Continue reading Playing At The Edge

“But It Meets Spec”

A few years ago the Ministry of Defence in the UK ordered a new radio system.  This system was going to be used by services such as the army, navy and air force. All the specialists met up to debate what was required of the new system.  Everyone put their opinions forward in heated debates… Continue reading “But It Meets Spec”

We’re All Biased

You can consider optimism and pessimism as two different types of biases. "Optimists" supposedly see the world in a way where things are better than they actually are. "Pessimists" supposedly see the world in a way where things are worse than they actually are. "Realists" are meant to be the people who see the world… Continue reading We’re All Biased