In neuroscience, the previous prevailing belief had been that the adult human brain is essentially “hardwired,” so that by the time we reach adulthood we are stuck with what we have. Now we understand that the adult brain retains impressive powers of “neuroplasticity”—the ability to change its structure and function in response to experiences real or imagined.
via How to Rewire Your Brain For Success | Experts’ Corner | Big Think.
Economist’s View: Luck vs. Skill.
Here’s a nice blog post to get your cognitive processes started on this fine Sunday morning. Success – luck or skills and hard work? This is a topic I’ve been thinking a lot about recently. Unlike other missives I will purposely avoid politics. To me,the answer is quite simple.
Both.
I work hard and have worked hard for a very long time to achieve success. But at the same time, I recognize and appreciate how luck is as crucial a factor to success as skill and hard work. Think about it.
Winners gain ten important advantages as a result of victory — and that smart leaders can cultivate and build on these advantages to make the next success possible.
via Ten Reasons Winners Keep Winning, Aside from Skill – Rosabeth Moss Kanter – Harvard Business Review.
A nice article on the topic.
By James Kwak
Usually the New York Times gives reasonably good financial advice—or, at least it avoids giving really bad advice. Today, however, Paul Sullivan’s column borders on the latter. The question is whether to take a pension payout as a lump sum or as an annuity (a guaranteed, fixed amount per year until you die).
Sullivan’s column isn’t all bad. He talks about the importance of being able to manage your money and the need to be comfortable with risk if you take the lump sum. He also points out the annuity (in this case, based on what GM workers are being offered) isn’t indexed to inflation, which is an important consideration. And he doesn’t come down on one side or the other, although he says he would take the lump sum because, he says, “I would rather control the money myself.”
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According to U.S. News & World Report, the average law student graduates with more than $100,000 in student loans. According to the American Bar Association, just over half of those who graduated law school in 2011 have full-time jobs that require a law degree.
via 100 Mind-Blowing Facts About the Economy.
I love lists like this one.
HT – Bruce Johnston via LinkedIn
BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 6 June 2012.
BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 11 June 2012.
BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 18 June 2012.
BMJ Group blogs: BMJ » Blog Archive » Richard Lehman’s journal review – 25 June 2012.
Neither money supply nor the CPI can adequately explain interest rates, housing prices, lack of jobs, and numerous other real-world phenomena. In the real-world, in a credit-based economy, it is credit that matters.
Good point!
Research carried out by the Carnegie Institute of Technology shows that 85 percent of your financial success is due to skills in “human engineering,” your personality and ability to communicate, negotiate, and lead. Shockingly, only 15 percent is due to technical knowledge. Additionally, Nobel Prize winning Israeli-American psychologist, Daniel Kahneman, found that people would rather do business with a person they like and trust rather than someone they don’t, even if the likeable person is offering a lower quality product or service at a higher price.
via Intelligence Is Overrated: What You Really Need To Succeed – Forbes.
InsuranceNewsNet Magazine May 2012 – page 28.
Good article on file documentation. The article is aimed at producers but the advice can be used by anyone who works with an elderly population.
lifeunderwriter.net 
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