NECESSITY AND SUFFICIENCY – A FEW POINTS

We use cause-effect logic all the time. But we usually get it wrong. We are quick to find a cause for events, but whether that cause is real or even sufficient is another matter. Similarly, we often predict the consequences of an event, even if the consequence is not a necessary result of the event. […]

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The Ukraine War Exposes the Failures of ‘Ethical’ Business, Says Professor of Finance

Aswath Damodaran, Professor of Finance at the Stern School of Business at New York University, is well known to many of those who have worked in finance. His valuation datasets are widely used by bankers and consultants. But Damodaran does not just collect and publish useful data. In a recent article he asks important questions about the usefulness of […]

Diagrams from my book “From Symptoms to Causes – Applying the Logical Thinking Process to an Everyday Problem”

I have published the following diagrams here since a new policy by Amazon does not allow diagrams in landscape mode, which makes them pretty much unreadable in the Kindle edition. Diagram 6: The Full Current Reality Tree Diagram 14: Overview of a Business Problem Solution Appendix A: Diagram 4: „We define ourselves as a distributor“. […]

Er einhver tilgangur með endurskoðun áætlana núna?

Við erum að upplifa fordæmalausar aðstæður, sem einkennast kannski fyrst og fremst af gríðarlegri óvissu. Óvissa um útbreiðslu faraldursins, um áhrif á heilbrigðiskerfið, um áhrif á neyslu, fjárfestingar, aðfangakeðjuna, hlutabréfaverð, ríkisfjármál, fjármögnun fyrirtækja … Fréttirnar í dag gefa okkur vísbendingar. En hverjar verða þær á morgun? Það er auðvitað nokkuð ljóst að rekstraráætlanir fyrirtækja sem […]