Welcome to our Blog

Well it looks like the tide might be coming back in across the financial markets, as the volatility subsides along with the fear and panic. A broker recently commented that investors were behaving like “a cat with a long tail in a room full of rocking chairs”. Assuming stability does return it will be up to investors to “lick their wounds” and count the damage.

Read More »

The 10,000 hour theory is that if you can devote 10,000 hours to a new area of interest then you will become skilled in that area. This is hardly earth shattering, apprenticeships have obviously been around for a long time.

The first point, however, is that this rule seems to overwrite natural talent and ability. Musicians are a good example. A US study showed that it was simply the amount of extra practice when they were younger (first to 10,000 hours) that determined which music students went on to become professional musicians versus accepting lesser roles as music teachers.

Read More »

Today I’d like to talk about something The Wrinkle came across several decades ago (an oldie but a goodie), and is covered off in a book first published in 1984. This is the “Theory of Constraints” and applies to all business activities including service industries. The Theory is quite simple in that business processes and production all have bottlenecks, and while you can increase the pressure going into a bottleneck; ultimately what flows through is determined by the size of the bottleneck. Ergo your total output or productivity will be determined the size of the neck of your bottle.

Read More »