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Mr. Spock, Don Draper and the Undoing Project – Lessons for Investment Managers and Asset Allocators
August 2017 Mr. Spock, Don Draper and The Undoing Project – Lessons for Investment Managers and Asset Allocators TINA BYLES WILLIAMS CIO & CEO but are susceptible to certain biases. They then spent 30 plus years researching these biases through both thoughtfulness and experimentation which ultimately led to the development of a new field called Behavioral Economics. Lewis chronicles their journey brilliantly by detailing the duo’s work, relationship and thinking. One interesting aspect of the story is that economists did not wel- Michael Lewis’s latest book, The Undoing Project, tells the story come the new school of thought with open arms. Rather, they of Daniel Khanneman and Amos Tversky, two Israeli psycholo- defended their rationality assumptions so that the foundation of gists who studied how people make decisions and in the pro- their models would not be undone. However, Khanneman and cess changed the way many economists think. As good deci- Tversky were persistent in their quest, designing experiments sion making is at the core of good investment management, we to test their theories. Their experiments were built around un- thought it useful to spend some time on the topic, and hopefully derstanding why people made specific decisions. They gave in the process, shed some light on how good investment man- people problems to solve or choices to make and found that agers make decisions. people more often did not make the optimal or rational choice. What Khaneman and Tversky’s work showed was that humans’ First some background. Prior to Khanneman and Tversky the decision making process was fallible. -
Eternal and Loving God, I Pray That the Words of My Mouth, and the Meditations of All Our Hearts, Will Be Acceptable to You, O Lord, Our Rock and Our Redeemer
Please pray with me… Eternal and loving God, I pray that the words of my mouth, and the meditations of all our hearts, will be acceptable to you, O Lord, our Rock and our Redeemer. Amen. So-Called Gods, a sermon in response to Mark 1:21-28, 1 Corinthians 8:1-13, and Deuteronomy 18:15-20, by Scot McCachren at the First Presbyterian Church of East Hampton, January 31, 2021. What is happiness? It depends on whom you ask. For Don Draper, happiness is something that can sell anything. Draper is the main character of the TV drama called “Mad Men,” which took place throughout the decade of the 60’s. He’s a cynical advertising executive with a knack for boiling anything down to its marketable essence – and subtly manipulating the buying public to respond as he desires. He dismisses real, wholesome, intrinsic human values. And that shows in his definition of “happiness:” “You know what happiness is? Happiness is the smell of a new car. It’s freedom from fear. It’s a billboard on the side of the road that screams reassurance that whatever you are doing is okay. You are okay.” +++ Draper is so good at what he does because he instantly recognizes our idols – or, as Paul calls them, our SO-CALLED GODS – Draper recognizes them and then uses them to his advantage. +++ What about love? Well, first of all, he knows that when we think about love, we aren’t really thinking about the agape love we see in our Holy Scriptures. -
Preaching Scripture Faithfully 47
Preaching Scripture Faithfully 47 Preaching Scripture Faithfully BY CHRISTINE T. MC SPADDEN How can we preach and hear Scripture faithfully in today’s post-imperial-Christian, relativistic, poly-vocal milieu? Despite the challenges, we can appropriate the sacred texts in a refreshed way that allows the power of God’s Word to transfigure, convert, and create. s an art director on Madison Avenue, my job involved presenting to clients and selling them on products, concepts, and ideas. Much like ADon Draper of Mad Men fame, I was charged with crafting a cohesive message and then communicating that message in a creative and compelling way that could be heard in the vernacular of my audience, in order to convert perspectives and ignite desires. Hundreds of pitches honed my skills. Hours of public speaking steeled my nerves. But the first time I climbed the stairs of a pulpit to preach a sermon, my knees buckled, my heart raced, my hands perspired, and my confidence flagged. Up to this point, my presentations espoused the advantages of whitening agents and moisturizing compounds, credit card acceptance and softness assurance. Never had the stakes been so high as when I mounted those steps to proclaim Christ crucified and risen, who was, and is, and will be forever. More absorbent diapers or age-defying micro beads had nothing on the power of the living God to heal, reconcile, enliven, and transform. Given the privilege to preach, entrusted to proclaim the Word of God, I found myself awestruck by the task. Twenty years later, I find myself no less daunted by this vocational prerogative. -
“Proclaiming the Good News to All"
April 2013 “PROCLAIMING THE GOOD NEWS TO ALL" want to be annoying or repetitive – maybe it’s best just to be FROM THE PASTOR quiet. Sharing the Good News Except, fewer and fewer people have heard of God’s love. In our world, we are much more likely to be told that how much When Carolyn called me one day last spring to tell me she had money and power we have is what gives us worth. Our society gotten the job at Longmeadow High School, I literally cried. I tells us that if we don’t measure up and match this definition was so happy for her. She had had such a tough year at her old of success, that we are failures. The good news that God school, and I knew her new job would be different. I was also loves us, warts and all, is something everyone wants to hear – incredibly proud of her. A lot of people applied for this posi- something everyone needs to hear. tion, and she was the one selected. The following week, I’m pretty sure I told everyone about Carolyn’s new job and how This year, as a congregation, we are focusing on evangeliza- competitive the selection process was. I didn’t mean to brag; I tion. This means talking with our friends and coworkers, with didn’t mean to make every conversation end up our family and even strangers about what God is about Carolyn; but I just couldn’t help myself. doing in our lives and about this wonderful commu- When something wonderful happens, we can’t help nity we call Christ the King.