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One of the reasons I started this site is to bring scientific thinking to business. For example, I believe too many business decisions are based on looking through the rear-view mirror. 

There are two serious problems with using past data to predict future results. First, historical performance, unless repeatable at will, is no indication of future results. Every investment must caution the potential investor of that very fact. You've heard those words many times: Past ...
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No, not the candy. Morbidity & Mortality Conference. It's a rough event.

Sometimes when a patient dies in hospital from other than purely obvious causes, the case is selected for M&M. The doctor responsible for the lost patient stands before his peers and explains the events leading to patient's demise. It's a dreaded process.

Hard questions are asked and judgment questioned. Did you make mistakes? Why did you administer that drug? Why so much? Why so little? ...
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Pressure. We're all under pressure. In fact, we're under a lot of pressure! The atmosphere is pushing us at about 14 pounds per square inch.

What? That doesn't seem like much? Okay, take a single die (one dice) and place it on your stomach. Now place a 14 pound bowling ball on that single die. That's 14 pounds per square inch.

We don't feel it because we're used to it. Depressurize a jet and you'd ...
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Murphy's Law: Anything that CAN go wrong, WILL go wrong.

Let's talk about this. Most people take Murphy's Law too lightly. They see it as a sort of humorous expression about failure. But it's a lot more serious than that. So let's look at the physics behind Murphy's Law and then I'll introduce you to Reich's Law of Success.

Look carefully at the words that make up Murphy's Law. Anything that CAN go wrong, WILL go ...
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