Wednesday, December 31, 2014
interfluidity � Surge!
Supply might not be elastic. But Uber tells us so.
"There is no solid case that price-rationing is optimal or even remotely a good idea when dispersion of purchasing power is very large. "
"people have a strong preference for price-predictability over immediate access"
interfluidity � Surge!
"There is no solid case that price-rationing is optimal or even remotely a good idea when dispersion of purchasing power is very large. "
"people have a strong preference for price-predictability over immediate access"
interfluidity � Surge!
Tuesday, December 30, 2014
Sunday, December 28, 2014
Friday, December 26, 2014
Howard Marks on Oil
http://www.oaktreecapital.com/MemoTree/The%20Lessons%20of%20Oil.pdf
Wednesday, December 17, 2014
Monday, December 15, 2014
James Meek reviews ‘The Good War’ by Jack Fairweather, ‘Investment in Blood’ by Frank Ledwidge, ‘British Generals in Blair’s Wars’ edited by Jonathan Bailey, Richard Iron and Hew Strachan and ‘An Intimate War’ by Mike Martin � LRB 18 December 2014
Sunday, December 14, 2014
Saturday, December 13, 2014
Friday, December 12, 2014
Korean Air’s Chairman Removes Daughter From Executive Posts After Nut Incident - NYTimes.com
Korean Air’s Chairman Removes Daughter From Executive Posts After Nut Incident - NYTimes.com: Meanwhile, sales of macadamia nuts are said to have surged
Thursday, December 11, 2014
In Defense of A Troublesome Inheritance�|�Nicholas Wade
In Defense of <i>A Troublesome Inheritance</i>�|�Nicholas Wade:
"People need not be identical twins to be equal before God, before the law, and in their rights to equality of opportunity.
"People need not be identical twins to be equal before God, before the law, and in their rights to equality of opportunity.
Wednesday, December 10, 2014
Tuesday, December 09, 2014
Monday, December 08, 2014
Sunday, December 07, 2014
In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires - NYTimes.com
So now it is billionaires versus deca billionaires
In Los Angeles, a Nimby Battle Pits Millionaires vs. Billionaires - NYTimes.com
Friday, December 05, 2014
Thursday, December 04, 2014
Wednesday, December 03, 2014
Tuesday, December 02, 2014
My Ferguson Problem - NYTimes.com
My Ferguson Problem - NYTimes.com:
we can afford to undertake reforms to reduce incarceration rates and limit “warrior cop” (and related) excesses, and that conservatives, in particular, have both a moral obligation to take the lead in such reforms (as many conservative-governed states and some national Republican politicians have done) and a political incentive to show minority communities that the G.O.P. is capable of questioning abuses of state power (and unionized overreach!) even when it isn’t a Republican constituency getting the short end of the stick.
we can afford to undertake reforms to reduce incarceration rates and limit “warrior cop” (and related) excesses, and that conservatives, in particular, have both a moral obligation to take the lead in such reforms (as many conservative-governed states and some national Republican politicians have done) and a political incentive to show minority communities that the G.O.P. is capable of questioning abuses of state power (and unionized overreach!) even when it isn’t a Republican constituency getting the short end of the stick.
Monday, December 01, 2014
A Dozen Things I’ve Learned From Bill Murray about Business, Money, Startups, Investing and Life in General | 25iq
Two comedians say profound things today.
A Dozen Things I’ve Learned From Bill Murray about Business, Money, Startups, Investing and Life in General | 25iq
A Dozen Things I’ve Learned From Bill Murray about Business, Money, Startups, Investing and Life in General | 25iq
PE
On valuations
http://cdn1.valuewalk.com/wp-content/uploads/2014/02/document-805915460.pdf
http://cdn1.valuewalk.com/wp-content/uploads/2014/02/document-805915460.pdf
Chris Rock on Ferguson, Cosby, and Obama -- Vulture
Profound statements on race:
White people were crazy. Now they’re not as crazy. To say that black people have made progress would be to say they deserve what happened to them before.
Chris Rock on Ferguson, Cosby, and Obama -- Vulture
White people were crazy. Now they’re not as crazy. To say that black people have made progress would be to say they deserve what happened to them before.
Chris Rock on Ferguson, Cosby, and Obama -- Vulture
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