Many people will claim prescience in the matter of Bernard Madoff‘s investment scam, although fund manager Nicola Horlick and MarketWatch columnist Irwin Kellner will not be among them.  Both were heavily invested it seems.  However, sharp-eyed readers will remember my explicit warning of a few weeks ago through the vehicle of Jake Thackray’s music. Apparently, [...]

I wonder if Malcolm Gladwell’s Outliers: The Story of Success is going to inadvertently create a popular misunderstanding about success similar in form to my previously stated fear about what a superficial reading of Gut Feelings and The Wisdom of Crowds would do for effective decision-making. In a few Twitter exchanges yesterday, the notion that [...]