February 10, 2012

Mental Model: Addition Through Subtraction

Mental Model - Addition Through Subtraction

Sometimes, in order to make something better, or work more effectively, you must take something away.  This principle is called addition through subtraction.  The theory behind addition through subtraction is that reducing components and complexity can add value if you make something: Simpler Faster More reliable More profitable Less expensive (though not always; certain strategies and business models allow you to charge more because the value of the other considerations has utility to … [Read more...]

Some Things In Life Shouldn’t Have a Price Tag

Winston Churchill

There is a great story about legendary British Prime Minister, Winston Churchill, that goes something like this: At a dinner party one night, a drunk Churchill asked an attractive woman whether she would sleep with him for five million pounds. “Oh my, Mr. Churchill ... I suppose, but we would have to discuss the terms," she responded. “Would you sleep with me for five pounds?” Churchill then asked. “Of course not!?  What kind of woman do you think I am?” the woman responded … [Read more...]

Mental Models Applied: Don’t Fall for the “Too Nice to Use” Trap

Reed & Barton Francis I Sterling Silver 46-Piece Flatware Set in Chest

Of the many stupid things to do in life, one of the most foolish is to the fall for the "too nice to use" trap.  The moment I hear anyone, whether friend or family member, business associate or stranger, talk about how they "never use" something, I want to grab them by the shoulders and explain the mental models behind their actions.   It doesn't matter if you are talking about vintage cars, books, sterling silver flatware, fine china, cashmere sweaters, carpets, tea pots, fountain pens, … [Read more...]

Not All Cultures Are Equal, Not All Cultural Diversity Is Good

The Dinner of Philosophers, or La Sainte Cène du Patriarche, by Jean Huber circa 1772

Steven Pinker makes a number of lucid, persuasive arguments about culture and its role in human development in his masterpiece The Blank Slate.  He posits: The phenomena we call "culture" arises as people pool and accumulate their discoveries, and as they institute conventions to coordinate their labors and adjudicate their conflicts.  When groups of people separated by time and geography accumulate different discoveries and conventions, we use the plural and call them cultures. … [Read more...]

Group Well-Being Versus Individual Well-Being: Knowing Your Priorities

Group Well-Being Versus Individual Well-Being

I want you to take a moment and put yourself in a scenario that will tell you a lot about your thought processes and inner priorities regarding individual well being versus group well being. You are married with three children.  Your family is your highest priority.  Your life is comfortable.  You earn more than $100,000 per year, or double the median American family, while your spouse stays home to run the household and raise the kids.  As your most precious asset, you spend considerable … [Read more...]

The Gospel of the Coffee Percolator (or What Have You Done with Your Life?)

General Electric Percolator

A week ago, I decided to pack up all of the high-end coffee equipment temporarily, put it in the cabinets, and break out an old-school style percolator; the type that my grandparents used when they were first married in the 1950's and 1960's.   There was something wonderfully imperfect about it.  A few coffee grinds inevitably find their way into the brew, the sound of the whirling and whooshing can be heard from several rooms away once you start the process, and it takes a little more time … [Read more...]

Joshua Kennon’s Seven Laws of Fair Economics

Joshua Kennon's Seven Laws of Fair Economics Image Copyright Thinkstock

Many of you have written to me and asked about my specific economic and political beliefs since I have a very strong tendency to play Devil's Advocate, often writing about topics with the goal of getting you to think for yourself and make up your own mind based upon the data.  It's a common enough request that I thought it fair to identify seven, core, fundamental beliefs I hold that would guide me if I were given absolute power to construct an economic system.   This worldview was created … [Read more...]

If Reincarnation Were Real, I Must Have Been John Stuart Mill In a Previous Life

John Stuart Mill

After years of study, I finally arrived at a political theory framework that I believed would work best for the world based upon history, psychology, economics, biology, and other disciplines.  It took me more than a decade of careful thought, consideration, and many, many late nights reading until 4 or 5 a.m. by the fireplace debating with myself and others about the nature of how the world should work to ensure the best possible outcome for the greatest percentage of mankind. Only after much … [Read more...]

Mapping Out Your Main Life Goals and Your Lesser Life Goals

Life Goals By Joshua Kennon

We've talked a lot about the importance of making sure your actions line up with the primary mission of your life.  One way I am able to do that is constantly remember what that mission is by developing main life goals and lesser life goals. As a young man, I spent a great deal of time identifying the six life goals I wanted to attain above everything else; the things that would actually make me happy (not the things society tells you that you should want).  I then identified six lesser life … [Read more...]

Is Your Life a Success? The One Question That Can Help You Determine the Answer.

How to Tell If Your Life is a Success by Joshua Kennon ... Image © Shutterstock

Take a moment to think about your life.  Picture your family.  Think about your career.  Now, ask yourself if the following phrase applies to you, right now, in this exact moment when discussing your life in general. There is no place in the world I would rather be and nothing in the world I would rather be doing. If that phrase rings true and you can say it with absolute conviction, congratulations. You are a success.  If it does not, you are not a success.  It doesn't matter how … [Read more...]