The Business Experiment

Based on Wisdom of crowds fundas, here is Robert May trying to experiment in the real world whether there is a possibility of building a business , decisions relating to all aspects taken by crowds .Will be interesting to watch the outcome of the experiment Link: The Business Experiment

Importance of 122 Years

The oldest fully authenticated age to which any human has lived is 122 Years Sometimes it sounds very irrational to me, infact nonsensical when people feel that any shift in their activities, shift in their path,careers cannot happen after let’s say the first 30 years of a person’s age. We tend to hear " Settling down" from most of the 25 year olds today. I dread the mere thought of the word.

Single-Mindedness

U know what to call single-mindedness ? I think there is no better example than this : Prakash Padukone , the Indian Badminton Champ , for six years in a row did not watch a single movie while he was undergoing a rigorous training regime. He would wake up at 5:30 , go for a 10 km run, return home for breakfast, exercise, then play two-and-a-half hours of badminton, come back at noon and sleep for two hours.

Hiring is Obsolete

A brilliant article by Paul Graham : Hiring is Obsolete. It basically says, gone are the days that you have to go and work for a company. These are the days where its much better to start a company and have a potential employer of yours acquire it.

Wisdom of Crowds : Book Review

  Average can be considered as mediocre by a large number of people. However in the areas of decision making, remarkably there have been a large number of instances where collective wisdom of the crowds have helped in churning out a better solution. The premise of the book is that “ A group with enough diversity, Independence of opinion , Decentralization of the decision making and an aggregation of all the opinions will enable the group to take a much better decision than relying on the so called experts of the field.