An Eternal Warning: The South Sea Bubble
Three centuries ago, a financial mania nearly destroyed Britain. Today, the same thinking deceives the world. This is the story of the South Sea Bubble, its dystopian aftershock, and
Benjamin Franklin’s Five Guiding Principles Every Businessperson Must Know
Benjamin Franklin’s maxims are among the few enduring truths in commerce and trade. They guided Warren Buffett and Charlie Munger to wealth. Five of the most important will benefit
Private Equity Firms: Pioneers, Predators, or Both?
Private equity firms control trillions in assets. Buying and selling struggling companies quickly, they too often leave a trail of broken businesses behind them. Their furtiveness and focus on
Reclaiming Redundancy: What Consultants Call Waste is an Asset
The modern obsession with eliminating redundancy is misguided, confused and compromises the future of businesses. Redundancy strengthens companies, making them more profitable, durable and responsive. PFN Monaghan
The Myth of Business Invincibility, or: Any Firm Can Fail at Any Time
No business is immune to failure. Or, put another way, every business can fail, regardless of its age, its size, its sector or any other benchmark. PFN Monaghan
Timeless Strategies for Business Longevity and Resilience
How the power of mathematical concepts can help build lasting business success. Understanding concepts like ergodicity, non-ergodicity, and the Lindy effect can give companies a competitive edge. PFN Monaghan
The Wisdom of the Ancients: What a Bygone World Teaches About Risk
The Ancient Mesopotamians were canny merchants, and their wisdom offers modern firms a better compass than any software tool or television prognosticator. PFN Monaghan
5 Key Lessons on Risk from Mind of a Genius
From fractals to finance, Benoit Mandelbrot transformed our understanding of risk. He was a visionary. These are his lessons on fortifying businesses against uncertainty and turmoil. PFN Monaghan
From ‘The Sopranos’ to Reality: Mafia Tactics and Modern Fraud Protection
Pop culture depictions of organised crime offer valuable insights into modern business fraud risks and prevention strategies. PFN Monaghan