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Tuesday, December 15, 2015

Hiking Without a Map | The Big Picture

Hiking Without a Map | The Big Picture

The Experts Were Wrong About the Best Places for Better and Cheaper Health Care - The New York Times

The Experts Were Wrong About the Best Places for Better and Cheaper Health Care - The New York Times

This week, the US government will take action to slow the economy and prevent wage growth - Vox

This week, the US government will take action to slow the economy and prevent wage growth - Vox

The Fed may be about to atone for the “mistake” of 1998 | FT Alphaville

The Fed may be about to atone for the “mistake” of 1998 | FT Alphaville

The promise and peril of Ted Cruz’s plan to overhaul the drug approval process - Vox

The promise and peril of Ted Cruz’s plan to overhaul the drug approval process - Vox

Gun control becomes a litmus test in Democratic primaries - POLITICO

Gun control becomes a litmus test in Democratic primaries - POLITICO

The Donald and the Chump Factor - The New York Times

The Donald and the Chump Factor - The New York Times

Friday, November 20, 2015

Democrat Wins Mississippi House Race After Drawing Straw - The New York Times

Democracy in action



Democrat Wins Mississippi House Race After Drawing Straw - The New York Times

Economist's View: 'Some Big Changes in Macroeconomic Thinking from Lawrence Summers'

Economist's View: 'Some Big Changes in Macroeconomic Thinking from Lawrence Summers'

Life in an American concentration camp

Life in an American concentration camp

Saudi Arabia, an ISIS That Has Made It - The New York Times

Saudi Arabia, an ISIS That Has Made It - The New York Times

The Space Doctor’s Big Idea - The New Yorker





Einstein in 1000 common words.



The Space Doctor’s Big Idea - The New Yorker

Why Pensions and Hedge Funds Don’t Mix - The New York Times

Japan’s star is on the rise — with a lot of help from QE — FT.com

Japan’s star is on the rise — with a lot of help from QE — FT.com

Thursday, November 12, 2015

David and Willie - YouTube

David and Willie - YouTube

How to Tie Your Shoes and Lace Your Shoes the Best Way - Bloomberg Business

How to Tie Your Shoes and Lace Your Shoes the Best Way - Bloomberg Business

10 top writing tips and the psychology behind them - without bullshit

10 top writing tips and the psychology behind them - without bullshit

Beyond Banking: traditional talent pool dries up for hedge funds — FT.com

Beyond Banking: traditional talent pool dries up for hedge funds — FT.com

New derivation of pi links quantum physics and pure math

New derivation of pi links quantum physics and pure math

The Economy Is Better — Why Don’t Voters Believe It? | FiveThirtyEight

The Economy Is Better — Why Don’t Voters Believe It? | FiveThirtyEight

The culture that is France

France won’t dine with Iran unless wine is served - The Washington Post

Coke, Cookies and Universal Banks - Bloomberg View

Coke, Cookies and Universal Banks - Bloomberg View:



As is now clear, traditional banking attracts one kind of talent, which is entirely different from the kinds drawn towards investment banking and trading. Traditional bankers tend to be extroverts, sociable people who are focused on longer term relationships. They are, in many important respects, risk averse. Investment bankers and their traders are more short termist. They are comfortable with, and many even seek out, risk and are more focused on immediate reward. In addition, investment banking organisations tend to organise and focus on products rather than customers. This creates fundamental differences in values.

China loses its top voice at the World Bank — FT.com

China loses its top voice at the World Bank — FT.com

Yes, Marco Rubio, philosophers matter and we need more | Fusion

Yes, Marco Rubio, philosophers matter and we need more | Fusion

Market Timing Is Back in the Hunt for Investors | Institutional Investor

Market Timing Is Back in the Hunt for Investors | Institutional Investor

The euro was pointless | FT Alphaville

The euro was pointless | FT Alphaville

Market Timing Is Back in the Hunt for Investors | Institutional Investor

Market Timing Is Back in the Hunt for Investors | Institutional Investor

Atul Gawande dicusses health care’s 'dramatic transformation'

Tuesday, November 10, 2015

5 things you should know about the Republican welfare state - Vox

This $13tn question is more important than ever | Larry Summers blog

Harvard Free Speech: Is the Freedom in Danger? | TIME.com

What’s Really Going On at Yale — Medium

Why Did the Death Rate Rise Among Middle-Aged White Americans? - The New Yorker

Tim Harford — Article — When wishful thinking becomes wasteful

Tim Harford — Article — When wishful thinking becomes wasteful

Monday, November 09, 2015

The Halloween Costume Controversy at Yale's Silliman College - The Atlantic

World Economic Forum on Twitter: "This is what the US life expectancy gap looks like https://t.co/JeZQ3wIDdH #economics https://t.co/PcxWhJcaRS"

World Economic Forum on Twitter: "This is what the US life expectancy gap looks like https://t.co/JeZQ3wIDdH #economics https://t.co/PcxWhJcaRS"

We know substance abuse deaths are rising. But Medicare won't let researchers study the problem. - Vox

Harvard Aggressively Defends Affirmative Action - Bloomberg Business

Harvard Aggressively Defends Affirmative Action - Bloomberg Business

Here's What Happens When Photographers Are Told Different Stories About A Person

Here's What Happens When Photographers Are Told Different Stories About A Person

So what are we ~doing~ about suicide, substance abuse, and pain? | The Incidental Economist

What a Year of Job Rejections Taught Me About Pitching Myself

Adam Weiss Of Scout Capital: It's Time To Short Activism

High-frequency trading and market quality: What’s the deal? | Bank Underground

All That Glitters Is Not Gold: An Analysis of U.S. Public Pension Investments in Hedge Funds - Roosevelt Institute

How to make MD at Goldman Sachs

Bonuses, Bail-Ins and Down Rounds - Bloomberg View

Stunning

In other news, only 14 percent of managing directors at Goldman have MBAs.

Bonuses, Bail-Ins and Down Rounds - Bloomberg View

Technological Progress Anxiety: Thinking About "Peak Horse" and the Possibility of "Peak Human"

Richard H. Serlin: Robot/AI revolution decimating employment and wages, not just could it happen, has it largely happened already? Surprising data

Grasp the reality of China’s rise — FT.com

Pfizer Piles Profits Abroad - WSJ

U.S. Targets Pharmacies Over Soaring Claims to Military Health Program - WSJ

Thursday, November 05, 2015

Goldman attempts to woo junior bankers with swift promotions — FT.com

The Lure of Luxury | Boston Review

The Lure of Luxury | Boston Review

Short-Term Thinking - The New York Times

Short-Term Thinking - The New York Times

Sanctions, Spoofers, Bits and Gold - Bloomberg View

Sanctions, Spoofers, Bits and Gold - Bloomberg View



One important lesson from the last few years of bank scandals is: Don't put it in writing. A lot of people got that wrong. Fine. But the really surprising thing is the number of people who came so close to getting it right, but for one small mistake. They knew not to put it in writing, and they told their colleagues not to put it in writing. Their mistake -- it is a subtle one -- is that they told their colleagues not to put it in writing in writing.

Marco Rubio’s tax plan gives a huge gift to the top 0.0003 percent - The Washington Post

Marco Rubio’s tax plan gives a huge gift to the top 0.0003 percent - The Washington Post

To Improve Your Focus, Notice How You Lose It

To Improve Your Focus, Notice How You Lose It

Elder Bush Says His Son Was Served Badly by Aides - The New York Times

Elder Bush Says His Son Was Served Badly by Aides - The New York Times

Monday, October 26, 2015

Howard Marks Report

http://www.oaktreecapital.com/MemoTree/Inspiration%20from%20the%20World%20of%20Sports.pdf?curator=thereformedbroker&utm_source=thereformedbroker

Tuesday, October 20, 2015

How to Turn a Bad Day Around

How to Turn a Bad Day Around

Accidental Payments and Quiz Cheating - Bloomberg View

Accidental Payments and Quiz Cheating - Bloomberg View:



Okay kids, gather round and listen up. If you work at a bank, that bank is�tracking what you do on your computer. They told�you that when you started, but�you are so used to clicking through terms of service that you�didn't pay any attention. "Yeah, yeah, the bank reserves the right to monitor my computer, blah blah blah," you said as you signed�a bunch of forms. Now 20�of your analyst classmates are�gone. Are you paying attention now?

Do the economics of self-driving taxis actually make sense? | FT Alphaville

Do the economics of self-driving taxis actually make sense? | FT Alphaville: This is problematic because Uber’s already low-margin business model depends heavily on being able to overstep regulation, licensing and — most importantly — transfer maintenance, cleaning, insurance and market-risk exposure to drivers. It also benefits from drivers’ ability to draw value from vehicles in personal time.

What is the Chinese Services Sector? | Balding's World

What is the Chinese Services Sector? | Balding's World

Government fund urges Japan auto industry shake-up - FT.com



Or they could give foreign activists more leeway.



Government fund urges Japan auto industry shake-up - FT.com

The poor earning power of Japanese firms | VOX, CEPR’s Policy Portal

The poor earning power of Japanese firms | VOX, CEPR’s Policy Portal

The poor earning power of Japanese firms | VOX, CEPR’s Policy Portal

The poor earning power of Japanese firms | VOX, CEPR’s Policy Portal

Treatment of the Inhabitants of the South by Our Military Commanders. - A NOTEWORTHY LETTER FROM MAJOR-GEN. W.T. SHERMAN. - NYTimes.com

Treatment of the Inhabitants of the South by Our Military Commanders. - A NOTEWORTHY LETTER FROM MAJOR-GEN. W.T. SHERMAN. - NYTimes.com

In Long Island Hamlet, Home Buyers’ Rule Is a Relic of Its Nazi Past - The New York Times

In Long Island Hamlet, Home Buyers’ Rule Is a Relic of Its Nazi Past - The New York Times

Monday, October 19, 2015

Goldman Sachs analysts fired for cheating. - Business Insider

Goldman Sachs analysts fired for cheating. - Business Insider

The Problem With Tying Health Care To Trade | FiveThirtyEight

The Problem With Tying Health Care To Trade | FiveThirtyEight

She Kills People From 7,850 Miles Away - The Daily Beast

She Kills People From 7,850 Miles Away - The Daily Beast

To Reduce the Cost of Drugs, Look to Europe - The New York Times

To Reduce the Cost of Drugs, Look to Europe - The New York Times

Misconceptions About Individual Bonds vs. Bond Funds - A Wealth of Common SenseA Wealth of Common Sense

Misconceptions About Individual Bonds vs. Bond Funds - A Wealth of Common SenseA Wealth of Common Sense

Where Superforecasters Start, Bryan Caplan | EconLog | Library of Economics and Liberty

Where Superforecasters Start, Bryan Caplan | EconLog | Library of Economics and Liberty

Saturday, October 17, 2015

A photographer edits out our smartphones to show our strange and lonely new world - Quartz

A photographer edits out our smartphones to show our strange and lonely new world - Quartz

Sean Parker, Food Allergy Fighter - Bloomberg Business

Sean Parker, Food Allergy Fighter - Bloomberg Business

Lessons from the last downturn for the next one. | Jared Bernstein | On the Economy

Lessons from the last downturn for the next one. | Jared Bernstein | On the Economy

What Could Raising Taxes on the 1% Do? Surprising Amounts - The New York Times

What Could Raising Taxes on the 1% Do? Surprising Amounts - The New York Times

A Path Out of the Middle East Collapse - WSJ

The U.S. is now opposed to, or at odds in some way or another with, all parties in the region: 





A Path Out of the Middle East Collapse - WSJ

A Path Out of the Middle East Collapse - WSJ

The U.S. is now opposed to, or at odds in some way or another with, all parties in the region: 





A Path Out of the Middle East Collapse - WSJ

Friday, October 16, 2015

G�rard Araud, the French ambassador ruffling feathers in Washington DC - FT.com

G�rard Araud, the French ambassador ruffling feathers in Washington DC - FT.com

9 questions about Denmark, Bernie Sanders’s favorite socialist utopia - Vox

9 questions about Denmark, Bernie Sanders’s favorite socialist utopia - Vox

Tom Engelhardt: The Fog of Intelligence, or How to Be Eternally ‘Caught Off Guard’ in the Greater Middle East | naked capitalism

Tom Engelhardt: The Fog of Intelligence, or How to Be Eternally ‘Caught Off Guard’ in the Greater Middle East | naked capitalism

Lunch with the FT: Novak Djokovic - FT.com

Lunch with the FT: Novak Djokovic - FT.com:



make sure you are in the moment

Massachusetts’ Big Bet on Biotech Pays Off - Bloomberg Business

Massachusetts’ Big Bet on Biotech Pays Off - Bloomberg Business

Financial Advice for My New Son -- The Motley Fool

Financial Advice for My New Son -- The Motley Fool

The Importance of Continuity in Portfolio Management - A Wealth of Common SenseA Wealth of Common Sense

The Importance of Continuity in Portfolio Management - A Wealth of Common SenseA Wealth of Common Sense

Thursday, October 15, 2015

Where are the pension fund heroes? - FT.com

Where are the pension fund heroes? - FT.com

Tom Sargent Summarizes Economics

Tom Sargent Summarizes Economics

Why Hillary Clinton Can't Win by Going After the NRA - Bloomberg Business

Why Hillary Clinton Can't Win by Going After the NRA - Bloomberg Business: Deborah Azrael at the Harvard School of Public Health found that 40�percent of respondents said they’d most recently acquired a firearm without a background check.

Ben Carson Is Wrong on Guns and the Holocaust - The New York Times

Ben Carson Is Wrong on Guns and the Holocaust - The New York Times

The Game of “Activist” Hedge Funds: Cui Bono? | CLS Blue Sky Blog

The Game of “Activist” Hedge Funds: Cui Bono? | CLS Blue Sky Blog

Why Hillary Clinton Can't Win by Going After the NRA - Bloomberg Business

Why Hillary Clinton Can't Win by Going After the NRA - Bloomberg Business

Theranos Has Struggled With Blood Tests - WSJ

Fraud in VC land.



Theranos Has Struggled With Blood Tests - WSJ

The Dreamwork of Humanity

The Dreamwork of Humanity

Saturday, September 12, 2015

Uber Would Like to Buy Your Robotics Department - The New York Times

Uber Would Like to Buy Your Robotics Department - The New York Times

A Dozen Things I’ve Learned from Charlie Munger about Inversion (including the Importance of being Consistently Not Stupid) | 25iq

A Dozen Things I’ve Learned from Charlie Munger about Inversion (including the Importance of being Consistently Not Stupid) | 25iq

Vice President Joe Biden Interview, Part 1 - YouTube

Vice President Joe Biden Interview, Part 1 - YouTube

Cheney in 1994 on Iraq - YouTube

Cheney in 1994 on Iraq - YouTube

All Scientists Should Be Militant Atheists - The New Yorker

All Scientists Should Be Militant Atheists - The New Yorker

There are more atheists and agnostics entering Harvard than Protestants and Catholics - The Washington Post

There are more atheists and agnostics entering Harvard than Protestants and Catholics - The Washington Post

Charlatans, Cranks, and Apparatchiks - The New York Times

Charlatans, Cranks, and Apparatchiks - The New York Times

With an Invitation, a Gender Barrier at Harvard Falls - The New York Times

With an Invitation, a Gender Barrier at Harvard Falls - The New York Times

Why We Should Fear University, Inc. - The New York Times

Why We Should Fear University, Inc. - The New York Times

Wednesday, August 26, 2015

The Awesome, Terrible Majesty of a Donald Trump Press Conference | RedState

The Awesome, Terrible Majesty of a Donald Trump Press Conference | RedState:



Watching Donald Trump speak and answer questions, though, is like watching a billion targets appear in the sky all at once, for a political opponent. Each thing he says is so bizarre, or ill informed, or demonstrably false, or un presidential in tone or character, that it becomes impossible to know which target to lock on to or focus on. And to the extent that he makes a policy statement, it is so hopelessly vague and ludicrous that it’s impossible to know where to begin, at least within the context of the 30-second soundbite that the modern political consumer requires (and chances are, he will say something diametrically opposed to it before the press conference is over anyway).

Monday, August 17, 2015

What Social Scientists Learned from Katrina - The New Yorker

What Social Scientists Learned from Katrina - The New Yorker

The Counted: people killed by police in the United States in 2015 – interactive | US news | The Guardian

The Counted: people killed by police in the United States in 2015 – interactive | US news | The Guardian

How to Know Whether to Believe a Health Study - The New York Times

At Amazon, Employees Treat the Bathroom as an Extension of the Office | Motherboard

Multitasking is inefficient. Here are 6 tips for a more productive workday. - Vox

An Amazonian's response to "Inside Amazon: Wrestling Big Ideas in a Bruising Workplace" | Nick Ciubotariu | LinkedIn

Sunday, August 16, 2015

The Unstoppable Maura Healey

Alain de Botton on why we travel - FT.com

Lunch with the FT: Mariana Mazzucato - FT.com

Endowments. | This is Ashok.

The Grumpy Economist: Summers and the nature of policy advice

Great takedown of Larry Summers.



The Grumpy Economist: Summers and the nature of policy advice

Abandoned Cars Are a New York Memory - The New York Times

Inside Amazon: Wrestling Big Ideas in a Bruising Workplace - The New York Times

Thursday, July 30, 2015

Facebook Earnings and Swap Hedges - Bloomberg View

Facebook Earnings and Swap Hedges - Bloomberg View:



 Wall Street "short-termism" is just about who should get to make decisions with capital. If you are bad at investing�capital, investors will keep you on a short leash, and ask for their capital back if you have any to spare so they can put it to better uses. If you are great�at investing�capital, sure, buy a virtual-reality headset company, build driverless cars, shoot rockets to Mars, whatever, go nuts. Long-term corporate investment and deep basic research is possible, but you have to earn it.

The fiercest debate in health care is about a $1,000 pill - Vox

UBS Deal Shows Clinton’s Complicated Ties - WSJ

Monday, July 27, 2015

Jennifer Pan's Revenge

Gilead's Greed That Kills�|�Jeffrey Sachs

Gilead's Greed That Kills�|�Jeffrey Sachs

Greece’s Ex-Finance Minister Tells All - The New Yorker

The automation myth: Robots aren't taking your jobs— and that's the problem - Vox

Flabbergasted! Quote Of The Year From Berkshire Hathaway's Charlie Munger

How bad a problem is “quarterly capitalism”?

Don’t Just Close Bases at Home, Close Them Overseas - The New York Times

Wednesday, July 22, 2015

Monday, July 20, 2015

The problem with evidence based policy change is we don't have evidence on the important policies - Chris Blattman

The problem with evidence based policy change is we don't have evidence on the important policies - Chris Blattman

Dr. Ed's Blog: The Productivity Puzzle (excerpt)

Dr. Ed's Blog: The Productivity Puzzle (excerpt):



“I suspect that all the productivity gains provided by Google and the like are more than offset by the ridiculous amount of time people spend on FaceBook, Twitter, Instagram etc writing about the cute thing their dog did today, or posting a picture of what they had for lunch...”

Notorious activist investor storms back to Tokyo market - FT.com

Infamous Japanese Activist Returns in Father-Daughter Team - Bloomberg Business

Sanofi confident dengue drug will benefit patients and investors - FT.com

Thursday, July 09, 2015

Glitches, Knitting and Conference-Call Jokes - Bloomberg View

Glitches, Knitting and Conference-Call Jokes - Bloomberg View:



 The lesson here is that some people are pretty good at making relative-value fixed income bets, and they become famous, and they go on TV and Twitter and write goofy investment outlooks and people look to them to explain which equity markets are overvalued, and then they end up making pronouncements about things that are way outside of their area of expertise and that they have no intention of acting on, and people go around taking those pronouncements seriously even though they are not meant particularly seriously. Of course sometimes they're right.

Why Momentum Investing Works - A Wealth of Common SenseA Wealth of Common Sense

Unless  stocks mean revert.



Why Momentum Investing Works - A Wealth of Common SenseA Wealth of Common Sense

Quietly, Congress extends a ban on CDC research on gun violence | Public Radio International

Quietly, Congress extends a ban on CDC research on gun violence | Public Radio International

Can You Really Game Index Funds? - Bloomberg View





Oh yea....



Can You Really Game Index Funds? - Bloomberg View

Don't Panic! Market Fragmentation Will Save You! - Bloomberg View

Don't Panic! Market Fragmentation Will Save You! - Bloomberg View

TheMoneyIllusion � The Chinese stock market crash

TheMoneyIllusion � The Chinese stock market crash

I.R.S. Cracks Down on Hedge Fund Tax Strategy - The New York Times

I.R.S. Cracks Down on Hedge Fund Tax Strategy - The New York Times

Tuesday, July 07, 2015

Suspended Stocks and Go-Karting Lawyers - Bloomberg View

But once you decide that a corporation is there to provide financial returns to shareholders, then of course you should pay its executives based on their ability to provide financial returns to shareholders.





Suspended Stocks and Go-Karting Lawyers - Bloomberg View