EDITOR'S PICK SCIENCE Is Fusion Power Our Future? Key Takeaway: Nuclear fusion could be a promising solution to climate change and energy security issues, as it offers a clean, abundant, and safe energy source. However, the technology’s realisation may come into tension with the issues it aims to solve. The technology’s appeal may mask deeper ethical questions, such as environmental sustainability and the […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Why We Will Never Master The Financial Markets Key Takeaways: Stock market enthusiasts often claim to predict financial market trends with great accuracy, but this is not possible due to the uncertainty and unpredictable nature of the environments in which we make daily decisions. Human cognition tends to favor a reductionist approach to information processing, sometimes called “tunneling,” which can lead to biased […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Story Of Birkenstock: Unlikely Rise Of A Billion Dollar Brand Key Takeaway: Birkenstock, a German shoe brand, has been able to attract fashionistas and hippies to its flexible arch supports, despite its negative image. The brand, founded in 1774, has evolved from orthopaedic footwear to fashion, with its initial public offering predicted to be the third-largest US listing so far in 2023. Birkenstock’s “bubble up” […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK STRATEGY Was Musk’s Twitter Rebrand To X The Right Move? Key Takeaway: Twitter’s CEO, Elon Musk, has rebranded the platform X, abandoning the globally recognized Twitter brand and renaming it X.com. The rebrand aligns with Musk’s intention to make the platform more than a communication app, like Tencent’s popular WeChat app in China. The new X symbol is distinctive and expresses a sense of mystery. […] Saving Bookmark this article Bookmarked
ENTREPRENEURSHIP Why Did Signature Bank Fail? Key Takeaway: The failures of SVB and Signature Bank were caused by two major risks: interest rate risk and liquidity risk. Interest rate risk caused the market value of previously issued debt to plunge, especially for longer-dated debt. Liquidity risk is the risk that a bank won’t be able to meet its obligations without incurring […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK TECHNOLOGY The EV Transition Isn’t Really About Cars Key Takeaway: The race to decarbonize passenger cars and light-duty trucks in the U.S. offers big economic and environmental benefits, but they’re not spread equitably. People who bear the most burdens in our current transportation systems often receive the fewest benefits. Bans on sales of new gas-powered vehicles won’t affect those that are already on […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE Do Financial “Poison Pills” Work? Key Takeaways: Corporate executives engage in top-secret talks, with one company or group of investors making a bid for another business. But other takeovers are more hostile in nature. Not every company wants to be taken over. This is the case with Elon Musk’s US$43 billion bid to buy Twitter. But if the company has […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE Does The Stock Market Extract Wealth? Many of us see the stock market as an investment engine for building companies and generating wealth, but the truth is that the stock market works more like an extraction engine. It depletes corporations while contributing to the concentration of wealth. The Stock Market is an Aftermarket Our distorted view of the stock market starts when we believe that buying shares in a publicly-traded company actually invests […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK SOCIOLOGY STRATEGY Game Theory: Finite And Infinite Players Of finite and infinite play, only one of these modalities exists to limit play — to win, and end play for everyone. In the process, it limits our collective reach, as human beings. Finite play issues, frankly, from a broken spirit, or soul. The other, by contrast, exists to continue play — without prejudice, or end — and […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK SOCIOLOGY STARTUPS The Relationship Economy Terry Mollner — whose Calvert Impact Capital funds are the world’s largest, at $9 billion (or $12 billion, depending on what source you cite) — is one of the great pioneers of a new economy based on meaningful relationshipsand the common good — a conceptual framework that is increasingly called ‘Game B’ these days, as an alternative to the prevailing […] Saving Bookmark this article Bookmarked
What Lies Inside Quantum Black Holes? Key Takeaway: The concept of the “cosmic censorship conjecture” suggests that singularities within the universe are hidden within black holes, providing a protective barrier. However, the integration of quantum mechanics challenges this idea, creating “quantum black holes” that obey the subatomic world’s rules. These quantum entities must account for effects like negative energy, which does […] Written by Empirics Asia December 2, 2024December 2, 2024 Saving Bookmark this article Bookmarked
The New Frontier Of Time Key Takeaway: The second, the fundamental unit of time, is being refined through advancements in timekeeping technology. Throughout history, humans have sought to track time with greater precision, starting with the Neolithic site of Newgrange in Ireland. In 1967, the International System of Units established that a second corresponds to 9,192,631,770 oscillations of radiation emitted […] Written by Empirics Asia November 29, 2024November 29, 2024 Saving Bookmark this article Bookmarked
The Birth Of Fractals Key Takeaway: A visiting professor from Canada delivered lectures on complex dynamics, revealing breathtaking visuals of fractals, a realm pioneered by Benoit Mandelbrot. Mandelbrot’s groundbreaking work transformed how mathematicians approached their work, legitimizing the use of pictures in mathematics and challenging the field’s traditional reliance on purely analytical methods. His groundbreaking work, “The Fractal Geometry […] Written by Empirics Asia November 25, 2024November 25, 2024 Saving Bookmark this article Bookmarked
The Universe’s Biggest Mystery: Why Are We Here? Key Takeaway: Recent research by physicists has revealed that our universe may not be optimal for intelligent life. The mysterious force known as dark energy accelerates the universe’s expansion, but its value is far smaller than theoretical expectations. Researchers used anthropic reasoning to explain this, arguing that the properties of the universe must align with […] Written by Empirics Asia November 22, 2024November 22, 2024 Saving Bookmark this article Bookmarked
The Test Of Human Intelligence Key Takeaway: Scale AI has launched the initiative “Humanity’s Last Exam” to determine the capabilities of cutting-edge large language models (LLMs) like Google Gemini and OpenAI’s o1. The initiative aims to determine how close we are to achieving AI systems that rival human expertise. The challenge lies in evaluating intelligence in machines that can already […] Written by Empirics Asia November 21, 2024November 21, 2024 Saving Bookmark this article Bookmarked
When Reality Fractures Key Takeaway: Researchers have discovered that delusions, which are convictions that cling to a distorted view of reality, are a result of the same cognitive pathways that produce everyday beliefs. Delusions often defy common sense but emerge when the system of meaning-making veers off course. A case of postpartum psychosis revealed that a woman experienced […] Written by Empirics Asia November 20, 2024November 20, 2024 Saving Bookmark this article Bookmarked
The Rise And Fall Of Volkswagen Key Takeaway: Volkswagen, once a symbol of German industry and co-management between shareholders and unions, is facing a crisis due to strategic missteps, a convoluted governance structure, and a culture that often prioritizes control over innovation. The company’s journey began in 1937 with the Beetle, which became the world’s largest carmaker in the 1980s and […] Written by Empirics Asia November 19, 2024November 19, 2024 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction — a transcendent sign of intelligence, as we saw in Raven’s Matrices — has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why You’re Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business I’m about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and I’ll propose a new lens for you to look through. There are a lot of questions asked around what “community” means for business. “Where should community fit in my organization?” and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked