Optionality means having the right, but not the obligation, to do something. Using this concept means focusing on asymmetrical payoffs—limited downsides and high upsides. While originally from the financial world, optionality can also be applied to other things in life by using it as a mental model to make decisions in uncertain or unpredictable situations.
Personal knowledge management systems are essential to capture, manage and use information. It also helps to facilitate the process of learning and creation. But what are the different solutions? And how do you choose one? In general, there are six main options to choose from – from paper-based solutions to newly developed software tools.
Things that have stood the test of time tend to be prized and valuable. It’s why we still view classical works of art and read ancient texts. But what is the oldest book in the world? Well, the answer depends on your definition of a ‘book’ and so there are a number of contenders.
Why does technological progress feel so slow at times? Where are the flying cars, space colonies and other life-changing technologies? Where are all the innovations that people dreamt of? Is it simply that our expectations are too high?
John Boyd is arguably one of the most important strategists of the 20th century. His ideas are a synthesis of thousands of years of history and warfare. But it’s not just in a military context that his thinking is valuable, also when it comes to business strategy we can apply his ideas.
We tend to forget most of the things we read and learn within a short period of time. Obviously, this is a shame—it’s a waste of effort and energy. The historical solution to this problem was the creation of a commonplace book. But nowadays there are better, digital solutions for commonplacing as well, which is what this article explores.