I’ve talked about a coming tech boom that could be related to wireless electricity. Nobody really knows exactly when that will happen except that it could be 5-10 years away. Well, it could be even sooner that that. Much sooner.
Electronics such as phones and laptops may start shedding their power cords within a year.
That’s the prediction of Eric Giler, CEO of WiTricity, a company that’s able to power light bulbs using wireless electricity that travels several feet from a power socket. (more…)
I need to start this column with a disclaimer. I am white and male. This will surprise nobody, and not only because my photo makes my gender and ethnicity quite obvious. Finance, and its surrounding fields like financial journalism, remains a white male club to a stunning degree.
There are ample arguments that this is unfair, along with other arguments against intervening. But this important debate is beyond my scope today. Rather, the point is that if investors want better outcomes, they would be better served if capital is allocated by diverse teams.
And the issue is not just about white males. When a team or market is dominated by any ethnicity, it tends to make worse decisions.
Behavioural psychologists have long established that markets are prone to herding and groupthink. It makes sense that a homogeneous team will be more prone to these problems. Now, the effect has been startlingly well demonstrated in academic experiments held far apart in Texas and Singapore. (more…)
