From the Economist.com – “OUR energy and economics editors explain why the plummeting oil price may not be as good as usual for the world economy and our Buttonwood columnist discusses his award-winning article on the deep-rooted problems of the financial sector“
From Washington Post – “…spending two minutes before a stressful event like a job interview holding ‘expansive’ power poses–such as putting your hands on the hips like Wonder Woman–can increase testosterone and lower the stress hormone cortisol. ‘The mind shapes the body,’ she says, ‘and the body shapes the mind.'”
From Forbes.com – “In his TED talk, Julian advises people to remember the word ‘hail.’ It stands for: Honesty. Authenticity. Integrity. Love. He says, ‘The H, honesty, is being true in what you say, being straight and clear. The A is authenticity, just being yourself. The I is integrity, being your word, actually doing what you say, and being somebody people can trust. And the L is love, (in the sense of) wishing people well.'”
From FT Markets – “China’s 7% market slide and weakening currency hit global markets Jonathan Wheatley and Mike Mackenzie discuss how Monday’s market fall in China is hitting global trading markets. Worries over the Chinese economy have shifted to commodities stocks, with oil faltering and mining companies among the worst performers.”
From Inc Magazine – ” Our brains are hardwired to make much of modern life difficult. This is especially true when it comes to dealing with uncertainty. On the bright side, if you know the right tricks, you can override your brain’s irrational tendencies and handle uncertainty effectively. Our brains give us fits when facing uncertainty because they’re wired to react to it with fear. In a recent study, a Caltech neuroeconomist imaged subjects’ brains as they were forced to make increasingly uncertain bets–the same kind of bets we’re forced to make on a regular basis in business. The less information the subjects had to go on, the more irrational and erratic their decisions became. You might think the opposite would be true–the less information we have, the more careful and rational we are in evaluating the validity of that information. Not so. As the uncertainty of the scenarios increased, the subjects’ brains shifted control over to the limbic system, the place where emotions, such as anxiety and fear, are generated.”
From Knowledge@Wharton – “Does intensive internal training of employees lead to higher profits? In knowledge-based industries where the main asset is skilled professionals such as software engineers, the answer is yes, according to the research paper “Strategy, Human Capital Investments, Business Domain Capabilities, and Performance: A Study in the Global Software Services Industry,” by Joydeep Chatterjee, senior fellow at the Mack Institute for Innovation Management and professor of global strategic management at the University of Washington. But not all training yields equal benefits. Surprisingly, technological training such as those on computer languages did not boost project profits, the paper found. Rather, providing an employee training to raise their level of knowledge about clients’ industries did the trick.”
December 14, 2015 – From Business Rhythm with Frank and Jamie – Christmas holidays have started and we will continue with our Business Rhythm’s best business books. Today, we will share with you our picks of the best investment books in the market.