Risk does not lie in probability of event, but in optionality. Risk should not be evaluated on rationality, but optionality, meaning on heuristic calculation of gains and loses which are in complex environment always asymmetrical. Lessons given by Nassim Nicholas… Continue Reading
A post in a small Italian restaurant saying: Smoking is tolerated but not appreciated. Continue Reading
Cryptocurrency mining. As if gold or silver mining? Apparently, there is a deliberate tendency to understand cryptocurrencies mining as traditional mining. For that same purpose the total amount of each currency is limited with a clear resemblance to that of… Continue Reading
Even God himself was less pretentious than humans regarding global warming. Continue Reading
Corruption is not an evil per se, but a medicine that has to be handled with care, like any medicine. Continue Reading
Power law allows to connect entropy and information to basic social concepts. Continue Reading
Value chains within organizations should be metaphorically understood as micro power plants that produce energy (added value) from consumed inputs (capitals). Value chains are constructed so, that by producing marginally larger output value as is the sum of all input… Continue Reading
Featured image: Matevž Paternoster photo of 5.200 years old wheel found near Ljubljana Integrated reporting (IR) is global initiative to upgrade organizational reporting. From the perspective of traditional reporting IR objectives are difficult to understand. Or better: they could be… Continue Reading
Prophecy of Ayn Rand comes more and more true. Main industrialists of our era are more and more openly pleading for a future in which an individual would be totally subordinated to collective. Elon Musk with his prediction about universal… Continue Reading
This should not be a post about Donald Trump. I cannot say much about him since I do not know him but from media and his social media engagements. And that is simply not enough. I can only guess about… Continue Reading