Insight From Jethro Tull’s Ian Anderson

During an interview with The Telegraph three years ago, the musical wizard Ian Anderson, leader of trailblazing rock ensemble Jethro Tull, made an observation which voters might do well to take to-hand for inspiration as they next step into polls determined to anoint a new leader with the gift of substantial power over their lives.

A very basic primer on deciding between Romney and Obama in November [Reader Post]

In business there is something called “sunk costs” which refers to funds that have been spent and are unrecoverable. At any given point sunk costs are irrelevant to the decisions going forward. An example of this would be a company that has spent a billion dollars building a plant and now has to choose whether or not to spend another billion dollars hiring staff and actually operating the plant. At the point of the decision the only thing that should be relevant to the decision makers is what makes best sense for the firm going forward. Does the company make more money by staffing and operating the plant or by selling it? The decision should be based solely on what’s best going forward, with no sentimental attachment to the billion dollars already spent building the plant.

Barack Obama has turned the US economy into a Hollywood blockbuster. Unfortunately it’s Thelma and Louise. [Reader Post]

Have you ever seen one of those movies where a car is speeding towards a cliff and just before it heads over the edge the driver jumps out and the car flies into the abyss and maybe crashes and ignites into a ball of flame?

If you haven’t don’t worry, you’re about to live one… and unfortunately for you, you’re not the driver who escapes, you’re a passenger strapped in for the excitement. President Obama is the driver and the way he’s running his campaign, it looks like he’s getting ready to jump…