In this excerpt from The Wage Standard, Arindrajit Dube explains how "monopsony" gives some employers the power to set wages below competitive levels.

The great investor instinctively knew that humans are much smarter than computers in volatile environments. So he bet on common sense.

“If you ask a computer, it will say, most of the time you want to either be raising or folding, right? You want to take an aggressive action or quit. I think this is a great metaphor for lots of things in real life, too.”

The best of all investor attributes is easily attained — and unbeatable in combination with other advantages.

According to the legendary investor, the best method is a blueprint for "extreme success.”

So many of the conditions for a sale or IPO are outside your control — which is why preparation is everything.

Everyone loves a good underdog story, but the lessons we derive from them depend on how they’re told.

Strategy advisor Roger Martin explains how 2,000 year old military thinking is useful in modern business strategy.

Nearshoring may be the manufacturing model of the future.

In tough competitions, men tend to give up early when they feel a low sense of control. Testosterone eradicates that effect.