by Consultant's Mind | Fun
Blog post from 2015 Uber the taxi-technology company started in 2009 as a novelty for its co-founders and friends. Now it has a market valuation of $51 billion, has 1M active drivers, and operates in 330 cities. Read a Fast Company article here which is focused on the...
by Consultant's Mind | Learning
Sunk cost This is a simple economic concept that we often ignore. The idea that “resources already spent cannot be recovered” seems simple. You cannot “un-spend” money or time. We intuitively know this and yet, we constantly don’t follow...
by Consultant's Mind | Learning
Opportunity cost = what if? I first learned about opportunity cost in college. It was a radical idea for me at the time, and frankly, clients and consultants probably don’t think about it enough. The idea is simple, but powerful; resources you plan to spend...
by Consultant's Mind | Learning
GDP = C+I+G+NX Sadly, that is the only formula I remember from my undergraduate macroeconomics class, but thankfully, it is the most important one. The Gross Domestic Product = Consumption + Investment + Government + Net Exports (Export-Imports). It’s worth...
by Consultant's Mind | Graphics, Learning
What is the fiscal cliff? This term has become a popular way to describe the abrupt changes expected in the beginning of 2013 due to the expiration of Bush-era tax cuts, and the mandatory cut of several areas of government spending. The NY Times does a great job...
by Consultant's Mind | Graphics
These graphs from the Economist describe China’s economy, growth and influence. China certainly has issues (e.g., demographic imbalance, rich-poor disparity, censorship) but you have to admit, China has been putting up some incredible economic numbers. Chinese...
