Thursday, April 19, 2012

The 'luck' factor

Books 2 Byte
Great by Choice
Jim Collins and Morten T. Hansen
(http://www.landmarkonthenet.com/)

Getting a high return on luck

With ‘luck' on the x-axis ranging from bad to good, and ‘return on luck' or ROL on the y-axis rising from poor to great, Jim Collins and Morten T. Hansen present four quadrants in ‘Great by Choice: Uncertainty, chaos, and luck – why some thrive despite them all'.

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'The tech tale'

Books 2 Byte
‘Poor Economics: A radical rethinking of the way to fight global poverty'
Abhijit V. Banerjee and Esther Duflo
(http://www.landmarkonthenet.com/)

Improvements at the margin

Narayana Murthy and Nandan Nilekani, despite their degrees from the ultra-prestigious Indian Institute of Technology, could not get a loan to start Infosys because the banker objected that there was no inventory to lend against, recount Abhijit V. Banerjee and Esther Duflo in ‘Poor Economics: A radical rethinking of the way to fight global poverty'.

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