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Showing posts from June, 2016

Is the American Sports Draft Concept Flawed?

Credit is owed where credit is due. I heard this first today from Malcolm Gladwell on a podcast (I don't recall which one, either his or Tim Ferris') and I feel like it was a great point he made. And want to expand on it. Maybe controversial, but hear me out. So I'm going to focus on American sport drafts, mainly basketball, hockey and football. The work was done by a world famous sociologist who I do not remember the name of, but I wish I did to credit him. Basically he ran a study of the value of the first overall draft pick in football and shared his findings with team owners, who disregarded his findings after meeting with this researcher. I mean they're still filthy rich, but they are missing out on "free wins" each season due to their old habits. But let's talk about some background before getting to that. Scenario: If I had the first overall pick in hockey this year, (I'll talk about hockey since I know most about that relative to the other...

Are there Implications for our Tech-frenzied World?

As I start writing this, I don't really have a map of where I want to take it. You're getting off the cuff-straight from my freakishly amazing brain-content right now. All 14 of you must feel so lucky. I was thinking about this shitty course I have to take next week which is about technology and its impact on society. I want to do this now, and get my ideas about it out before I start the course and get frustrated at some overly in-depth textbook some Generation X-er wrote, thinking he knows more about the tech and its applications that our generation has created, better than we do. Think about this. When's the last time you spoke to an older adult (~45+ is Gen X range) and didn't have to help them with some sort of electronic device. I love my Mom to death but she is just now beginning to flawlessly operate a cable box remote control. I need not say more, but I will anyway. I know not every Gen Y-er (our gen) is great with tech, so this doesn't apply t...

Can We Improve the Restaurant Business?

As a disclaimer, I personally have only ever been on the consumer side of the restaurant business. Even then, I don't eat out that often. But that doesn't change the fact that the current system is inefficient, awkward and unsettling. Let me explain. Now what specifically am I talking about? Well, after listening to a Freakonomics Radio podcast about one of the most famous restaurants in NYC, I'd like to share with you some of the concepts that were discussed, and spin my own opinion into how this may affect smaller class restaurants like the ones the average person goes to (like me!). First off, restaurants are not great businesses. By that, I am referring to their profit margins. Without doing a ton of research, I can say with 90% confidence that 7% is above average and most probably only make around 5%.. meaning, for every dollar I spend, they earn only 5 cents. Furthermore, there are two distinct services that a restaurant provides, wait staff which are referred to as...