MIT researchers offered MBA students the opportunity to bid on tickets to a professional basketball game between the Boston Celtics and the Miami Heat. The participants were divided into two groups with one major difference…In one group, students were given a sheet which told them they must pay for the tickets in cash and required them to confirm they had easy access to an ATM machine. In another group, the …
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It was a windy day on the shore of Hawaii’s Big Island. I was 500 feet up in the air in a tiny two-person helicopter that felt like it was strapped to my back like a backpack. The instructor next to me abruptly shuts off the engine mid-flight. I panic for about two seconds, then reach to my left and slam down on the collective control, a handle-like bar that …
Remember when your cable bill was $70 per month and you thought it was incredible to save so much money switching to Netflix for $10 per month? What happened? Today you likely have multiple streaming subscriptions from Netflix to HBO to Disney+ to Peacock and more. Conveniently, they all add up to about the same $70 we were paying before… In a business, the problem can be even worse…For two …
Sometimes I feel like turning it all in. It would be easier to disconnect from society and shuck all responsibility. The image of a guy living in the woods or on the beach in peace sounds idyllic at times. Then I remember Jimmy… A Mentor’s Journey A mentor of mine, let’s call him Jimmy (not his real name), made all the money he’d ever need in his late twenties. He …