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Ode to Weighted Averages

Several years ago, in the essay Average is the Enemy, I wrote about the “false shortcuts offered by averages” for making decisions. Averages give a sense for where the middle lies within a group. They offer a starting point for understanding a situation but, like...

Clean Over Current

As leaders, parents, investors, and coaches, we often make decisions with imperfect and incomplete information. Therefore, we benefit by having an approach or philosophy for dealing with uncertainty. When screening and evaluating analysis, I start by confirming that...