The Austrians and the Swan: Birds of a Different Feather by Mark Spitznagel

From The Austrians and the Swan: Birds of a Different Feather by Mark Spitznagel: To the Austrians, the [economic] process is decidedly non-random, but operates (though in a non-deterministic way, of course) under the incentives of entrepreneurial “error-correction” in the economy. In a never ending series of steps, entrepreneurs homeostatically correct natural market “maladjustments” (as […]

Entrepreneurship Risk

From Summation by Auren Hoffman: Entrepreneurs tend to be street-smarter than strategy consultants. Entrepreneurs are more practical, more focused on the bottom line, and more attuned to real-world contingencies. A typical strategy consultant job interview might go something like this: “I toss a coin. Heads you win $10,000. Tails you lose $6,000. Do you play […]