Let’s say that you’re an entrepreneur or general manager about to take a new product to market. How do you price it? Traditional economic theory tells us that the market clearing price is the point at which supply and demand meet, and that consumers always know the… Read More »
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Mike Speiser
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Recent Posts
Overnight successes make for great stories, but that’s largely because they’re so rare. Success, the kind that leads to great products and businesses, is built on the foundation of a huge amount of hard work over many years and is achieved by continuous improvement. Read More »
About a year ago, a friend posed to me the following question: ”Why do students plunk down $150,000 for a 4-year education at MIT when virtually all of the courseware is available free of charge online?” Not only was it a great question, but answering it… Read More »
After graduating from college, I left the barren Arizona desert for Manhattan to take my first job. It didn’t take long for my new Manhattanite friends to inform me that it was time to upgrade to wine from beer, so I enrolled in a wine-tasting class.… Read More »
My mother was a high school mathematics teacher and understood that kids learn best when learning is fun, so at a very young age she started teaching me math “tricks.” In the second grade she showed me how 9 times any number less than 10 was… Read More »
