“Andy Grove, former CEO of Intel, outlined when he described what happens to businesses in tumultuous times: “Bad companies are destroyed by crisis. Good companies survive them. Great companies are improved by them.”
― The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph
― The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph
“While birth rates have been going down sharply in most of the advanced countries, this has not been so in much of the Indian subcontinent, and particularly not so in Africa. There will be a massive rise in the available working population in these parts of the world. Just as the production of goods was shifted from the West into China over the last three decades, could a similar shift lead to the production of goods moving to the Indian subcontinent and, particularly, to Africa, where the rate of growth of the working population in countries like Nigeria and the Congo will be quite remarkable over the next few decades?”
― The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
― The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival
“The Practical Lesson What is going on? This is a group of smart students that was told the answer to the game. The example illustrates a flaw of IEDS. It can get you reasonable answers if you think players are reasoning out further and further in nested logic. We often do not have an infinite capacity to reason logically, only a bounded ability to reason rationality. The practical answer to what you should write depends on the book answer plus your subjective beliefs about what other people do. It is the combination of book smarts plus social smarts that matters.”
― The Joy of Game Theory: An Introduction to Strategic Thinking
― The Joy of Game Theory: An Introduction to Strategic Thinking
Ryan Petrey’s 2025 Year in Books
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