Profiting From Other People’s Illness: Dennis Prager is a bit of a fuddy-duddy, but don’t let that bother you when you watch this. He makes good fun of a really stupid idea.

Unless it’s a family member calling, I rarely answer the phone. But once in a while, when I’m feeling saucy, I’ll pick up on a sales call. My favorites come from Mumbai by way of a local area code. I listen to the pitch and thank them for calling. I tell them I’ve just received an inheritance of many millions and I’m eager to spend it as soon as possible. (“I can’t tell you why, but I’ve got to do it soon!”) The slightly suspicious but more excited salesperson then goes for the close – at which I tell him that whatever he’s asking is way too little. “You must find a way for me to invest more than that!” I demand. He ups the ante. “That’s not enough,” I reply. We keep this up until he starts to laugh or hangs up.

Here’s someone that does the same thing with spam…

The Problem With Giving Your Product Away

This guy is very good. And this lesson he’s talking about it very, very important… not just for business but for almost any activity, including charitable endeavors.

In the early 1900s, Ladies’ Home Journal took up a crusade against homework, enlisting doctors and parents who said it damages children’s health. And in 1901, California passed a law abolishing homework!

 

IBM has three new AI (artificial intelligence) tools to assist in the battle against cancer, and recently decided to make them open-source (i.e., freely available to medical researchers). The hope is that this will lead to more treatments being developed more quickly.