Pages

Tuesday, November 14, 2017

I interviewed at five top companies in Silicon Valley in five days, and luckily got five job offers

I interviewed at five top companies in Silicon Valley in five days, and luckily got five job offers

Caution Alone is Not an Investment Strategy

Caution Alone is Not an Investment Strategy

What If You Only Bought at Below Average P/E Ratios?

What If You Only Bought at Below Average P/E Ratios?

Considerations for Cashing Out of the Stock Market

Considerations for Cashing Out of the Stock Market

5 New Rules From the Trump Scandal Playbook - POLITICO Magazine

5 New Rules From the Trump Scandal Playbook - POLITICO Magazine

Many Alternative Funds Have Disappointed Investors

Many Alternative Funds Have Disappointed Investors

Free Money: The Surprising Effects of a Basic Income Supplied by a Tribal Government | WIRED

Free Money: The Surprising Effects of a Basic Income Supplied by a Tribal Government | WIRED

Monday, October 30, 2017

What Virtual Reality Can Teach a Driverless Car - The New York Times

What Virtual Reality Can Teach a Driverless Car - The New York Times

The Fed Chair Should Be a ‘Principled Populist’ - The New York Times

The Fed Chair Should Be a ‘Principled Populist’ - The New York Times

Private Equity Presentations: Are Some Tall Tales? | CFA Institute Enterprising Investor

Private Equity Presentations: Are Some Tall Tales? | CFA Institute Enterprising Investor

Sports Gambling Is Quant Trading Firm's Way to Beat Market Odds - Bloomberg

Sports Gambling Is Quant Trading Firm's Way to Beat Market Odds - Bloomberg

The Great Reckoning in Retail

The Great Reckoning in Retail

10 Questions I’m Pondering At the Moment

10 Questions I’m Pondering At the Moment

10 Questions I’m Pondering At the Moment

10 Questions I’m Pondering At the Moment

Monday, September 04, 2017

Why a Harvard Professor Has Mixed Feelings When Students Take Jobs in Finance - The New York Times

Why a Harvard Professor Has Mixed Feelings When Students Take Jobs in Finance - The New York Times

Creating better bus routes with algorithms

Creating better bus routes with algorithms

As Workers Expect Less, Job Satisfaction Rises - WSJ

As Workers Expect Less, Job Satisfaction Rises - WSJ

Welcome to the H-Bomb Club, North Korea

Welcome to the H-Bomb Club, North Korea

A New Type of Labor Law for a New Type of Worker - The New York Times

A New Type of Labor Law for a New Type of Worker - The New York Times

Harvey: Terror, heartbreak and heroism as five Houstonians brave America’s worst storm - Houston Chronicle

Harvey: Terror, heartbreak and heroism as five Houstonians brave America’s worst storm - Houston Chronicle

Paris Hilton backs an eyebrow-raising crypto project | FT Alphaville

Paris Hilton backs an eyebrow-raising crypto project | FT Alphaville

Tuesday, August 29, 2017

Hurricane Harvey: Why Is It So Extreme? - Scientific American

Hurricane Harvey: Why Is It So Extreme? - Scientific American

Who is the sucker when robot trades against robot?

Who is the sucker when robot trades against robot?

Stress Leads to Bad Decisions. Here’s How to Avoid Them

Stress Leads to Bad Decisions. Here’s How to Avoid Them

The Empire Stopper - The New York Times

The Empire Stopper - The New York Times

In Houston, Anxiety and Frantic Rescues as Floodwaters Rise - The New York Times

In Houston, Anxiety and Frantic Rescues as Floodwaters Rise - The New York Times

Harvey Might Dump a Year’s Worth of Rain on Houston. How Much Is That Where You Live? - The New York Times

Harvey Might Dump a Year’s Worth of Rain on Houston. How Much Is That Where You Live? - The New York Times

BlackRock Finds $5 Trillion Industry Is Now Riskier Than in '08 - Bloomberg

BlackRock Finds $5 Trillion Industry Is Now Riskier Than in '08 - Bloomberg

Why Are Some New Statistics Embraced and Not Others? - The New York Times

Why Are Some New Statistics Embraced and Not Others? - The New York Times

Do You Know How Others See You? - WSJ

Do You Know How Others See You? - WSJ

Wednesday, August 16, 2017

Renaissance’s Medallion Made a Stunning Shift After Trump’s Election - Bloomberg

Renaissance’s Medallion Made a Stunning Shift After Trump’s Election - Bloomberg

Tech Firms Break From Hands-Off Approach With Bans on White Supremacists - WSJ

Tech Firms Break From Hands-Off Approach With Bans on White Supremacists - WSJ

Shep Smith: We Haven’t Yet Found ‘The Very Fine People Protesting With the White Supremacists’ | Mediaite

Shep Smith: We Haven’t Yet Found ‘The Very Fine People Protesting With the White Supremacists’ | Mediaite

Republicans now have an ethical obligation to quit Trump's party

Republicans now have an ethical obligation to quit Trump's party

Trump's Business Councils Dissolve After CEOs Turn Against Him - Bloomberg

Trump's Business Councils Dissolve After CEOs Turn Against Him - Bloomberg

Hedge funds start to face up to extreme gender imbalance

Hedge funds start to face up to extreme gender imbalance

Stanley Fischer, Fed vice-chair, on the risky business of bank reform

Stanley Fischer, Fed vice-chair, on the risky business of bank reform

Tuesday, August 15, 2017

In New York City, What’s the Difference Between a $240 Sushi Roll and a $6.95 Sushi Roll? - Pacific Standard

In New York City, What’s the Difference Between a $240 Sushi Roll and a $6.95 Sushi Roll? - Pacific Standard

whose heritage

https://www.splcenter.org/sites/default/files/whoseheritage_splc.pdf

Warren Buffett Cashes Out on GE, Cashing In on Crisis Loan - WSJ

Warren Buffett Cashes Out on GE, Cashing In on Crisis Loan - WSJ

Why don’t all CEOs quit Trump’s advisory councils?

Why don’t all CEOs quit Trump’s advisory councils?

What the Google Controversy Misses: The Business Case for Diversity - WSJ

What the Google Controversy Misses: The Business Case for Diversity - WSJ

Bailout costs will be a burden for years

Bailout costs will be a burden for years

Under Armour and Intel C.E.O.s Follow Merck Chief, Quitting Panel in Rebuke to Trump - The New York Times



Profile in Courage



Under Armour and Intel C.E.O.s Follow Merck Chief, Quitting Panel in Rebuke to Trump - The New York Times

Monday, August 07, 2017

Charles L. Hooper, Hooper's Law of Drug Development | Library of Economics and Liberty

Charles L. Hooper, Hooper's Law of Drug Development | Library of Economics and Liberty

Japan's deputy prime minister Taro Aso tells US audience: Our airline crews won't beat you, East Asia News & Top Stories - The Straits Times

Japan's deputy prime minister Taro Aso tells US audience: Our airline crews won't beat you, East Asia News & Top Stories - The Straits Times

Hiroshima | The New Yorker

Hiroshima | The New Yorker

America Reflects On The Bomb, 70 Years After Hiroshima | Popular Science

America Reflects On The Bomb, 70 Years After Hiroshima | Popular Science

Exclusive: Here's The Full 10-Page Anti-Diversity Screed Circulating Internally at Google [Updated]

Exclusive: Here's The Full 10-Page Anti-Diversity Screed Circulating Internally at Google [Updated]

So, about this Googler’s manifesto. – Yonatan Zunger – Medium

So, about this Googler’s manifesto. – Yonatan Zunger – Medium

US haul from credit crisis bank fines hits $150bn�

US haul from credit crisis bank fines hits $150bn�

Friday, July 28, 2017

Tennis with Howard Marks

Tennis with Howard Marks

Tim Harford — Article — We are still waiting for the robot revolution

Tim Harford — Article — We are still waiting for the robot revolution

Libor, Phone-Smashing and Hacking - Bloomberg

Great thought about what finance is:



Libor, Phone-Smashing and Hacking - Bloomberg

How work changed to make us all passionate quitters | Aeon Essays

How work changed to make us all passionate quitters | Aeon Essays

Those Pointless Upper-Middle-Class Entitlements - Bloomberg

Those Pointless Upper-Middle-Class Entitlements - Bloomberg

This chart suggests the unemployment rate isn’t as low as it seems - Vox

This chart suggests the unemployment rate isn’t as low as it seems - Vox

How McCain upended Obamacare repeal - POLITICO

How McCain upended Obamacare repeal - POLITICO

Monday, June 19, 2017

Grocery Deals and Bond Ethics - Bloomberg

Grocery Deals and Bond Ethics - Bloomberg



 It selects a lot of people who will probably be powerful later, marinates them in elitism for a little while, and then spits them out 

Thursday, June 01, 2017

Where College Seniors Are Falling Short - WSJ

Where College Seniors Are Falling Short - WSJ

finance

finance:

But if one steps back and looks at the 2016 election in a longer-term perspective, the most important conclusion is that after 16 years and five presidential elections, Democrats have profoundly failed to expand the sociological base of their coalition. The geographic and demographic profile of Hillary Clinton’s support in 2016 looks almost identical to the contours of Al Gore’s support in 2000. The Democratic coalition remains based on almost exactly the same “McGovern coalition” of minorities, youth, single women, and educated professionals

Has science cracked the peanut allergy?

Has science cracked the peanut allergy?

Tuesday, May 30, 2017

Airlines, Stock Splits and Voting - Bloomberg

Airlines, Stock Splits and Voting - Bloomberg:



But I think the "index funds ruin capitalism" story�is best read as just one strand of a larger "financial capitalism ruins capitalism" story, and while the index funds story is still pretty niche, the financial capitalism story has become very popular. In this story,�managers and investors have stopped thinking of companies as�companies, as human networks of employees and customers and investors, and now think of them instead as�numbers, as sets of financial factors to be optimized. There are many explanations�for this: Developments in graduate business education, or the rise of corporate activism, or the cultural role of Wall Street. But�the basic story is that companies�used to balance the interests of workers, customers and investors; now they have adopted a fully investor-centric model in which profits are the only goal and customer service and workers' rights are sacrificed. Sheelah Kolhatkar writes that "the investors-above-all doctrine seems to have triumphed over the more inclusive approach."

Japan looks to solve puzzle of slow wage growth

Japan looks to solve puzzle of slow wage growth

Friday, May 19, 2017

Commence | No Mercy No Malice | Scott Galloway | L2

Commence | No Mercy No Malice | Scott Galloway | L2

Howard Hart, legendary figure in CIA clandestine service, dies at 76 - The Washington Post

Howard Hart, legendary figure in CIA clandestine service, dies at 76 - The Washington Post

Relationships and Glass-Steagall - Bloomberg

Relationships and Glass-Steagall - Bloomberg



I suspect there is a sociological reason, which is that it feels more high-status to live in a world of favor-trading and gift exchange than a world of naked commercial transactions. "Oh, I'm close with the CEO of XYZ Corp., we play golf together and he listens to my advice" is a more satisfying description of your work life than "I have sold four units of M&A to XYZ Corp. this quarter." Business as a network of gift exchanges allows you to cast your business life as a life, your work relationships as friendships, your work as influential rather than merely lucrative.

The heritability fallacy - Moore - 2016 - Wiley Interdisciplinary Reviews: Cognitive Science - Wiley Online Library

The heritability fallacy - Moore - 2016 - Wiley Interdisciplinary Reviews: Cognitive Science - Wiley Online Library

Tuesday, April 25, 2017

Express Scripts ESRX and Anthem: What is pharmacy benefit manager PBM? - Business Insider

Express Scripts ESRX and Anthem: What is pharmacy benefit manager PBM? - Business Insider

“Happiness: A History” author Darrin M. McMahon explains when the idea of happiness was invented — Quartz

“Happiness: A History” author Darrin M. McMahon explains when the idea of happiness was invented — Quartz

The Purpose Of Life Is Not Happiness: It’s Usefulness

The Purpose Of Life Is Not Happiness: It’s Usefulness

Amazon Forms Team to Focus on Driverless Technology - WSJ

another reason to buy, or sell, AMZN.



Amazon Forms Team to Focus on Driverless Technology - WSJ

Amazon Forms Team to Focus on Driverless Technology - WSJ

another reason to buy, or sell, AMZN.



Amazon Forms Team to Focus on Driverless Technology - WSJ

Amazon Forms Team to Focus on Driverless Technology - WSJ

Amazon Forms Team to Focus on Driverless Technology - WSJ

Tuesday, March 28, 2017

Improving Government Operations 2: Re-organization | askblog

Improving Government Operations 2: Re-organization | askblog

No, We Can’t Say Whether Cancer Is Mostly Bad Luck - The Atlantic

No, We Can’t Say Whether Cancer Is Mostly Bad Luck - The Atlantic

The Death of the White Working Class Has Been Greatly Exaggerated

lagged selection bias 



The Death of the White Working Class Has Been Greatly Exaggerated: lagged selection bias

Hedge Funds Are Training Their Computers to Think Like You - Bloomberg

Hedge Funds Are Training Their Computers to Think Like You - Bloomberg

Tax Reform Will Be a Nightmare - The Atlantic

Tax Reform Will Be a Nightmare - The Atlantic

So Much for Donald Mussolini - WSJ

So Much for Donald Mussolini - WSJ

10 Lessons From the Republican Health-Care Debacle

10 Lessons From the Republican Health-Care Debacle

Silicon Valley’s Quest to Live Forever - The New Yorker

Silicon Valley’s Quest to Live Forever - The New Yorker

Friday, March 17, 2017

The Mercers and Stephen Bannon: How a populist power base was funded and built - Washington Post

The Mercers and Stephen Bannon: How a populist power base was funded and built - Washington Post

The blow-it-all-up billionaires - The Huffington Post

The blow-it-all-up billionaires - The Huffington Post

Machines and markets: five areas to watch

Machines and markets: five areas to watch

Why I Dissented – Medium

Why I Dissented – Medium

How to save a penalty: the truth about football’s toughest shot

How to save a penalty: the truth about football’s toughest shot

Diversity or Excellence? | City Journal

Diversity or Excellence? | City Journal

Some Things I Wish I Would Have Learned in College

Some Things I Wish I Would Have Learned in College

Thursday, March 09, 2017

The poor ‘just don’t want health care’: Republican congressman faces backlash over comments - The Washington Post

The poor ‘just don’t want health care’: Republican congressman faces backlash over comments - The Washington Post

Goldman Sachs’ lessons from the ‘quant quake’

Goldman Sachs’ lessons from the ‘quant quake’

Iceland’s tourism boom — and backlash

Iceland’s tourism boom — and backlash

How China Built ‘iPhone City’ With Billions in Perks for Apple’s Partner - The New York Times

How China Built ‘iPhone City’ With Billions in Perks for Apple’s Partner - The New York Times

Google Ventures launches first European fintech investment

Family Offices, Dentists and Quants - Bloomberg View

Family Offices, Dentists and Quants - Bloomberg View:



The basic process of investing is that you look at some historical information, you make some predictions about the future, and you invest based on those predictions. At that level of generality, that's not a strategy that can become crowded; that's just what the process of investing is.

Hedge funds adopt novel methods to hunt down new tech talent

Hedge funds adopt novel methods to hunt down new tech talent