For those of you not familiar with TED Talks here is a brief summery of them from www.ted.com:

“TED is a small nonprofit devoted to Ideas Worth Spreading. It started out (in 1984) as a conference bringing together people from three worlds: Technology, Entertainment, Design. Since then its scope has become ever broader. Along with two annual conferences — the TED Conference in Long Beach and Palm Springs each spring, and the TEDGlobal conference in Oxford UK each summer — TED includes the award-winning TEDTalks video site, the Open Translation Project and Open TV Project, the inspiring TED Fellows and TEDx programs, and the annual TED Prize”

According to www.ted.com:

“Economics writer Tim Harford studies complex systems — and finds a surprising link among the successful ones: they were built through trial and error. In this sparkling talk from TEDGlobal 2011, he asks us to embrace our randomness and start making better mistakes.”

“In the Undercover Economist column he writes for the Financial Times, Tim Harford looks at familiar situations in unfamiliar ways and explains the fundamental principles of the modern economy. He illuminates them with clear writing and a variety of examples borrowed from daily life.

His new book, Adapt: Why Success Always Starts With Failure, argues that the world has become far too unpredictable and complex for today’s challenges to be tackled with ready-made solutions and expert opinions. Instead, Harford suggests, we need to learn to embrace failure and to constantly adapt, to improvise rather than plan, to work from the bottom up rather than the top down. He also presents the BBC radio series More or Less, a rare broadcast program devoted, as he says, to “the powerful, sometimes beautiful, often abused but ever ubiquitous world of numbers.”

Enjoy this thought provoking talk.

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I look forward to your thoughts and comments!

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