Customers Love Free Stuff… But That’s Not Your Problem

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For 40 years, Initial Public Offerings (IPOs) have been pushed by investment banks and their customers as the best way for companies to garner shareholders, but Bill Gurley reveals that they only hurt them in the end. Unlike direct listings, IPOs are sold to a limited audience at a massive discount, which only benefits investors who’d quickly sell the stock for a ludicrous mark-up.
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Education

Overcoming Bias

Kai Cheng’s professor had a brilliant scheme. In his first lecture, he promised that each lecture would feature a “Lie of the Day”. But why? It made his students more attentive and analytical, poring over every detail of his lecture and making sense of why things were true. It was such a powerful teaching method that his students digested his most technical lectures quite easily because they tried so hard to catch his lie. The kicker? There was no lie in that first lecture; he had lied about that too! Read full article here

Culture

How Place Names Impact The Way We See Landscape

Would you believe that El Capitan and Measuring-Worm Stone are both names for the same mountain? Sitting in Yosemite National Park, it was called El Capitan by colonisers because it was a towering and formidable mountain. But to the Indigenous who called Yosemite home, it was Measuring-Worm Stone. They viewed it as a lesson in patience and resilience. Its name hails from a legend that details how a lowly measuring worm was the only one that could climb the cliff (though slowly) to rescue two brothers stuck on its peak. Read full article here

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