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Thursday, May 29, 2014

Obama has secured Democratic majorities on most federal appeals courts - Vox

Obama has secured Democratic majorities on most federal appeals courts - Vox

Citi Hedge Fund Report

http://www.citibank.com/icg/global_markets/prime_finance/docs/Opportunities_and_Challenges_for_Hedge_Funds_in_the_Coming_Era_of_Optimization.pdf

Mindy Kaling’s Advice for Harvard Graduates: Some of You Are Evil - Massachusetts news - Boston.com

Mindy Kaling’s Advice for Harvard Graduates: Some of You Are Evil - Massachusetts news - Boston.com

Piketty Owes His Readers Some Answers - Bloomberg View

Piketty Owes His Readers Some Answers - Bloomberg View

TheMoneyIllusion � Tim Duy on monetary offset

TheMoneyIllusion � Tim Duy on monetary offset:



Unfortunately you can’t really do anything meaningful when the Fed thinks the economy is “exactly on the right track,” and does whatever is necessary to keep it on that track.

It’s the Fed’s nominal economy, we just live in it.


Google's Self-Driving Toaster Is Detroit's Worst Nightmare - Bloomberg View

Google's Self-Driving Toaster Is Detroit's Worst Nightmare - Bloomberg View

Amazon's Tax Breaks Are Essential to Its Survival | Beat the Press

Amazon's Tax Breaks Are Essential to Its Survival | Beat the Press

Wednesday, May 28, 2014

Wal-Mart CEO Says He's An 'Associate' - Business Insider

Near record for lack of self awareness.



Wal-Mart CEO Says He's An 'Associate' - Business Insider

Private Equity Limited Partners Have Done A Lousy Job of Protecting Themselves

Private Equity Limited Partners Have Done A Lousy Job of Protecting Themselves:



Harvard expects an “illiquidity premium” from private equity over public markets because of the long lock-up periods investors agree to, Mendillo [the Harvard Management CIO] said. “Over the last 10 years, however, our private equity and public equity portfolios have delivered similar results,” she said.

Thursday, May 22, 2014

Anthony Lane: “Godzilla” Review : The New Yorker

Anthony Lane: “Godzilla” Review : The New Yorker:



Best Godzilla analogy ever:



Wrinkled and crinkled, huge in Japan, heroically reluctant to give up, and forever touring the world on a mission to make us scream, Godzilla is the Mick Jagger of giant amphibians.

Why the Supreme Court Needs Term Limits - Norm Ornstein - The Atlantic

Why the Supreme Court Needs Term Limits - Norm Ornstein - The Atlantic

Bill Gates explains why the Millennium Villages Project, though a failure, was worth the risk. - Project Syndicate

Bill Gates explains why the Millennium Villages Project, though a failure, was worth the risk. - Project Syndicate

RealClearMarkets - High Frequency Hyperbole, Part Deux

RealClearMarkets - High Frequency Hyperbole, Part Deux

Is It Better to Buy or Rent? - NYTimes.com

Is It Better to Buy or Rent? - NYTimes.com

Tuesday, May 20, 2014

Tucker on the Young Unemployed, David Henderson | EconLog | Library of Economics and Liberty

Tucker on the Young Unemployed, David Henderson | EconLog | Library of Economics and Liberty:



One thing I like about watching professional sports is seeing how quickly players move on when they get a bad call from a referee, and how effective they are when they do move on. Seeing someone who was treated very unjustly as an innocent child but who did not hold a strong grudge reinforced my belief that the justice trap should be avoided.

The Metropolitan Museum of Art Puts 400,000 High-Res Images Online & Makes Them Free to Use - Open Culture | Open Culture

The Metropolitan Museum of Art Puts 400,000 High-Res Images Online & Makes Them Free to Use - Open Culture | Open Culture

A Life Beyond 'Do What You Love' - NYTimes.com

Should you do what you hate or do want you love?

"It's like Crosby, Stills & Nash said: "If you can't be with the one you love, love the one you're with." The same goes for work. If you couldn't make a living out of what you loved, love what you ended up doing."



A Life Beyond 'Do What You Love' - NYTimes.com

The Case Against the Bernanke-Obama Financial Rescue - NYTimes.com

The Case Against the Bernanke-Obama Financial Rescue - NYTimes.com

Sunday, May 18, 2014

New Condo Towers Are Racing Skyward in Midtown Manhattan | Vanity Fair

New Condo Towers Are Racing Skyward in Midtown Manhattan | Vanity Fair

The Trick That Makes Google's Self-Driving Cars Work - Technology - The Atlantic

The Trick That Makes Google's Self-Driving Cars Work - Technology - The Atlantic

Geithner, Staying on Script - NYTimes.com

Geithner, who seems sincere, is just another one of the successful people on Wall Street who lack any self awareness.



Geithner, Staying on Script - NYTimes.com

The United States of Metrics - NYTimes.com

Does this mean that decision making will improve? I have my doubts. Smart people with numbers can take either side in most debates; climate change, gun control etc.





The United States of Metrics - NYTimes.com

Tim Geithner, unreliable narrator — Medium

Tim Geithner, unreliable narrator — Medium

Friday, May 16, 2014

Lunch with the FT: Tim Geithner - FT.com

Lunch with the FT: Tim Geithner - FT.com

Hopes of a Generation Ride on Indian Vote - NYTimes.com

Hopes of a Generation Ride on Indian Vote - NYTimes.com

How To Marry The Right Girl: A Mathematical Solution : Krulwich Wonders... : NPR

How To Marry The Right Girl: A Mathematical Solution : Krulwich Wonders... : NPR

Thomas Piketty doesn’t hate capitalism: He just wants to fix it - Vox

Wealth is hard to track.

- There already is a wealth tax on the middle tax. It is called the real estate tax.

- top lists glorify entrepreneurs and hide most wealth. Those lists do not track those with diversified wealth.



Thomas Piketty doesn’t hate capitalism: He just wants to fix it - Vox

New York City Moves to Slow Growth of Popular Green-Cab Fleet - NYTimes.com

New York City Moves to Slow Growth of Popular Green-Cab Fleet - NYTimes.com

Thursday, May 15, 2014

In North Dakota, there will be blood | Al Jazeera America

In North Dakota, there will be blood | Al Jazeera America

The Mystery of Go, the Ancient Game That Computers Still Can’t Win | Enterprise | WIRED

The Mystery of Go, the Ancient Game That Computers Still Can’t Win | Enterprise | WIRED

The Truths Behind 'Dr. Strangelove' : The New Yorker

The Truths Behind 'Dr. Strangelove' : The New Yorker

The Half-Century Anniversary of 'Dr. Strangelove' : The New Yorker

The Half-Century Anniversary of 'Dr. Strangelove' : The New Yorker

‘Stress Test,’ by Timothy F. Geithner - NYTimes.com

Classic Lewis

""Before he can save any women and children, he has to rescue the drunks in first class who owned all the lifeboats."



‘Stress Test,’ by Timothy F. Geithner - NYTimes.com

Advocating Pill, U.S. Signals Shift to Prevent AIDS - NYTimes.com



Article summarizes what is wrong with the US medical system:

1) Reliance on expensive drugs rather than cheap behavioral changes because cost of drugs is not borne by the users.

2) Pricing ability of drug companies because of patents. Generic drug in India cost one tenth of the price.



Advocating Pill, U.S. Signals Shift to Prevent AIDS - NYTimes.com

A Guide for Young People: What to Do With Your Life : zenhabits

A Guide for Young People: What to Do With Your Life : zenhabits

Why do we respond to charismatic leaders?

I have always wondered about the charisma gap?



Why do we respond to charismatic leaders?

China Inc. Moves Factory Floor to Africa - WSJ.com

China Inc. Moves Factory Floor to Africa - WSJ.com

Who Gets to Graduate? - NYTimes.com

Who Gets to Graduate? - NYTimes.com

Wednesday, May 14, 2014

Rational expectations doesn't require smart people, Scott Sumner | EconLog | Library of Economics and Liberty

Rational expectations doesn't require smart people, Scott Sumner | EconLog | Library of Economics and Liberty:



The public defines inflation differently than the BLS. The BLS adjusts for quality improvements whereas the public does not. The public is interested in "how much more money you need to live the way we live today." In the 1950s that was a black and white TV, in the 1980s a color TV, in the 2010 a flat panel HDTV. Thus the public sees TV prices falling less rapidly than the BLS does.

Lawrence H. Summers for Democracy Journal: The Inequality Puzzle

Lawrence H. Summers for Democracy Journal: The Inequality Puzzle

When Driverless Cars Break the Law - NYTimes.com

When Driverless Cars Break the Law - NYTimes.com

Seth's Blog: No is essential

Seth's Blog: No is essential

Art, psychology Class of 2016 majors overwhelmingly female - The Daily Princetonian

Art, psychology Class of 2016 majors overwhelmingly female - The Daily Princetonian

Does trend-chasing explain financial markets? - The Week

Does trend-chasing explain financial markets? - The Week

Economists used to be the priests of free markets—now they’re just a bunch of engineers - Quartz

Economists used to be the priests of free markets—now they’re just a bunch of engineers - Quartz

CONVERSABLE ECONOMIST: Absurdities of Copyright Protection

CONVERSABLE ECONOMIST: Absurdities of Copyright Protection

Tuesday, May 13, 2014

The Parasites of Finance - Bloomberg View

My predictions about the financial industry have been wrong as well, since the 90's.



The Parasites of Finance - Bloomberg View

A Deal to Dodge the Tax Man in America - NYTimes.com

Income Inequality. The rich are different from you and me. They evade taxes.



A Deal to Dodge the Tax Man in America - NYTimes.com

The Great Hedge-Fund Mystery: Why Do They Make So Much? : The New Yorker

The Great Hedge-Fund Mystery: Why Do They Make So Much? : The New Yorker

Talking Inequality with Greg Mankiw and Charlie Wheelan at Dartmouth | Jared Bernstein | On the Economy

Talking Inequality with Greg Mankiw and Charlie Wheelan at Dartmouth | Jared Bernstein | On the Economy

Why are Hedge Fund Assets Reaching All-time Highs? | AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis

Why are Hedge Fund Assets Reaching All-time Highs? | AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis

Saturday, May 10, 2014

A Dozen Reasons why Berkshire’s Moat will Survive the Departure of Warren Buffett/Charlie Munger | 25iq

A Dozen Reasons why Berkshire’s Moat will Survive the Departure of Warren Buffett/Charlie Munger | 25iq

Things that correlate

Things that correlate

Troublesome Inheritance critique: Nicholas Wade’s dated assumptions about race, genes, and culture.

Troublesome Inheritance critique: Nicholas Wade’s dated assumptions about race, genes, and culture.

Type I and Type II Errors Simplified

Type I and Type II Errors Simplified

Noahpinion: Declining U.S. dynamism: Story, or non-story?

Noahpinion: Declining U.S. dynamism: Story, or non-story?

Why Do You Want To Be A Hedge Fund Investor? | The Big Picture

Why Do You Want To Be A Hedge Fund Investor? | The Big Picture

"Hollowing Out": A Global Perspective, Bryan Caplan | EconLog | Library of Economics and Liberty

"Hollowing Out": A Global Perspective, Bryan Caplan | EconLog | Library of Economics and Liberty

Lunch with the FT: Travis Kalanick - FT.com

Lunch with the FT: Travis Kalanick - FT.com

Friday, May 09, 2014

Why Do Investors Love Large Hedge Funds? | AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis

Why Do Investors Love Large Hedge Funds? | AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis

Performance Drag in Alternative Multi-manager Mutual Funds | AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis

Performance Drag in Alternative Multi-manager Mutual Funds | AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis

The Economist explains: Thomas Piketty’s “Capital”, summarised in four paragraphs | The Economist

The Economist explains: Thomas Piketty’s “Capital”, summarised in four paragraphs | The Economist

Letting Go Of Global Hegemony, Ctd � The Dish

Letting Go Of Global Hegemony, Ctd � The Dish

Elite Colleges Don't Buy Happiness for Graduates - WSJ.com

Elite Colleges Don't Buy Happiness for Graduates - WSJ.com