Change your perspective, change your life

Many people, I imagine, could attain wisdom if they were not convinced they already had it. Seneca c. 4 B.C. – A.D. 65 A while back, I received an interesting email that showed a picture of a frog. Anyone that looked at it could plainly see the picture was of a frog. But then a funny thing happened: the picture rotated 90 degrees and suddenly, the frog was a horse. Anyone looking at the picture in this position would immediately and conclusively know they were looking at a horse. So what happened? The image didn’t change one bit. The only …
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What are you missing?

There are none so blind as those who will not see. English Proverb During the commuter rush hour on a morning in January 2007, a young man stood playing a violin in one of Washington D.C.’s metro stations. Roughly 2,000 people passed him as they entered the station. Most barely noticed him, though a few stopped and listened for a short time. At the end of an hour of playing, he had collected $32. To the casual observer, he appeared to be a typical street musician in blue jeans and a baseball cap. But he was anything but typical. He …
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Sunk costs

If things go wrong, don’t go with them. Roger Babson 1875 – 1967 Over the past few weeks, some of you may have received holiday gifts you don’t like, and you might be thinking about selling them on eBay or Craigslist. There’s an important business principle called sunk costs that you ought to consider; it’s actually useful in any number of life situations, so it’s a good lesson to learn and understand. The idea of sunk costs is fairly simple: any past costs associated with a decision are irrelevant, because you can’t change the past; you should only consider current and future …
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