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Chester Chambers, MBA, PhD

Clinical Professor Information Technology, Operations Management, & Business Analytics

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With deep knowledge and experience in finance, healthcare, and public speaking, Chester is the egghead who translates scholarly gobbledygook into plain English.

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Latest Posts About Personal Finance

A Bit of Humility of Good for You

A Bit of Humility of Good for You

Vol 3, Issue 10. Quarter 2 - 2026. Golda Meir was the first female Prime Minister of Israel in the late 1960’s. She is famous for many things including the quote, “Don’t be so humble, you’re not that great.” This is a common call out when someone is pretending to be...

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Why Variance Fools You

Why Variance Fools You

Vol 3, Issue 9. Quarter 2 - 2026. I was recently reminded about a short lesson for children that I saw on PBS many years ago. As best I can recall, Lavar Burton rode a bicycle with the aid of the wind for 20 miles at a speed of 20 miles per hour. After a short rest,...

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Don’t Ignore the First Uncertainty

Don’t Ignore the First Uncertainty

In retirement planning we are routinely advised about how to deal with two major sources of uncertainty. How long we will live in retirement, and market returns over that period of time. All manner of simulations, fancy calculus, and varied means of projections are...

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Latest Posts About Healthcare

We need a process to improve a healthcare process

We need a process to improve a healthcare process

Almost any short visit to your nearest hospital will leave you with the notion that something here can be done better. Waiting times abound even though many people seem to be doing nothing. Patients spend hours in a waiting room to get into the Emergency room....

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Simulate, Simulate, Simulate

Simulate, Simulate, Simulate

Imagine you are a new Physician working in a group practice as part of an Academic Medical Center (AMC). You may be surprised to learn that you are soon expected to play a leading role in managing the day-to-day process flows of the clinic. This may sound strange...

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You can’t outrun the law

You can’t outrun the law

At some point during the first session of our courses on Operations Management, Process Improvement, or Managing Health Care Processes we find the need to understand and utilize Little's Law. This refers to anobservation by John Little which states that the long-term...

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Latest Posts About Public Speaking

Four Big Ideas to Manage Speaking Anxiety

Four Big Ideas to Manage Speaking Anxiety

An irrational fear of public speaking is called “Glossophobia.” It is an anxiety disorder that causes powerful physical and emotional symptoms. These can stem from many causes including childhood trauma, varied neurological issues, and transference from other issues....

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