(Must Read) The Greatest Story Ever Told How narratives shape the economy, and why our ability to tell stories is changing – Link here – as such whole post is amazing read, here are few points that caught my attention
Those who read history tend to look for what proves them right and confirms their personal opinions. They defend loyalties. They read with a purpose to affirm or to attack. They resist inconvenient truth since everyone wants to be on the side of the angels. Just as we start wars to end all wars.
Hindsight, the ability to explain the past, gives us the illusion that the world is understandable. It gives us the illusion that the world makes sense, even when it doesn’t make sense. That’s a big deal in producing mistakes in many fields.
John Stuart Mill wrote 150 years ago: “I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.”
Psychologist Philip Tetlock once wrote: “We need to believe we live in a predictable, controllable world, so we turn to authoritative-sounding people who promise to satisfy that need.”
An independent director is an oxymoron: Nirmalya Kumar – Link here
10 Things Investors Can Expect in 2018 – Link here
The Psychology of Inequality – Link here
A NEW SILK ROAD –China is investing billions in building pathways to Europe, Central Asia, and the Middle East – Photographs by Davide Monteleone – Link here
The heir takes over – As Nisaba Godrej begins her stint as the boss of the company where she worked for a decade, here’s what she will have to contend with – Link here
GST Has Cut Effective Tax Rate across Sectors, Except Electricity – Link here
CES 2018: THE BEST GADGETS WE’VE SEEN SO FAR – Link here
A small town in Japan doubles its fertility rate – Link here
India’s engineering graduates have loans to pay but no jobs – so who is clearing their debt? – Link here
Why Scientists Solve the Hard Problems First – Link here
The unmourned death of the sellside analyst – Link here
Economics and the human instinct for storytelling – Link here
THE SUBLIMINAL TRICK NETFLIX USES TO GET YOU TO WATCH ITS MOVIES & SHOWS – Link here
Bitcoin in all probability is ponzi scheme, however the tech behind it “Blockchain” can have many application – Insurance blockchain consortium awaiting regulatory nod to grow nationally – Link here and application of blockchain has tremendous potential was also endorsed by JP Morgan chief, headline though was misnomer – Dimon Says He Regrets Calling Bitcoin a ‘Fraud’ – Link here and since we are on topic of bitcoin you might want check out – The secret lives of students who mine cryptocurrency in their dorm rooms – Link here
India’s tea industry is going through tepid times – Link here
Watch Out, Airlines. High Speed Rail Now Rivals Flying on Key Routes – Link here