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Friday, February 28, 2014
Wednesday, February 26, 2014
Dalai Lama at a Santa Fe ski resort: Tells waitress the meaning of life.
Dalai Lama at a Santa Fe ski resort: Tells waitress the meaning of life.:
The Dalai Lama answered immediately. “The meaning of life is happiness.” He raised his finger, leaning forward, focusing on her as if she were the only person in the world. “Hard question is not, ‘What is meaning of life?’ That is easy question to answer! No, hard question is what make happiness. Money? Big house? Accomplishment? Friends? Or …” He paused. “Compassion and good heart? This is question all human beings must try to answer: What make true happiness?” He gave this last question a peculiar emphasis and then fell silent, gazing at her with a smile.
“Thank you,” she said, “thank you.” She got up and finished stacking the dirty dishes and cups, and took them away.
The Dalai Lama answered immediately. “The meaning of life is happiness.” He raised his finger, leaning forward, focusing on her as if she were the only person in the world. “Hard question is not, ‘What is meaning of life?’ That is easy question to answer! No, hard question is what make happiness. Money? Big house? Accomplishment? Friends? Or …” He paused. “Compassion and good heart? This is question all human beings must try to answer: What make true happiness?” He gave this last question a peculiar emphasis and then fell silent, gazing at her with a smile.
“Thank you,” she said, “thank you.” She got up and finished stacking the dirty dishes and cups, and took them away.
Tuesday, February 25, 2014
El-Erian's PIMCO Resignation Memo - Business Insider
So El-Erian writes this resignation letter:
El-Erian's PIMCO Resignation Memo - Business Insider
Then contributes to this:
http://online.wsj.com/news/articles/SB10001424052702303636404579393131430361274?mod=djemalertNEWS
El-Erian's PIMCO Resignation Memo - Business Insider
Then contributes to this:
http://online.wsj.com/news/articles/SB10001424052702303636404579393131430361274?mod=djemalertNEWS
Monday, February 24, 2014
Hedge funds return to the good old days - FT.com
Hedge funds return to the good old days - FT.com:
Slowly people are beginning to realise funds of hedge funds have everything so non-correlated that they are designed not to make money,
Slowly people are beginning to realise funds of hedge funds have everything so non-correlated that they are designed not to make money,
Sunday, February 23, 2014
In Japan’s Drill With the U.S., a Message for Beijing - NYTimes.com
Actually the Japanese call it Okinawa.
In Japan’s Drill With the U.S., a Message for Beijing - NYTimes.com:
"about Okinawa, which the Japanese call Ryukyu."
In Japan’s Drill With the U.S., a Message for Beijing - NYTimes.com:
"about Okinawa, which the Japanese call Ryukyu."
Behind Gates, Bizarre Vision of Opulence - NYTimes.com
But maybe a bit less fancy than the homes of some of our oligarchs.
Behind Gates, Bizarre Vision of Opulence - NYTimes.com
Behind Gates, Bizarre Vision of Opulence - NYTimes.com
Saturday, February 22, 2014
Friday, February 21, 2014
Thursday, February 20, 2014
Desert versus Identity, Bryan Caplan | EconLog | Library of Economics and Liberty
Desert versus Identity, Bryan Caplan | EconLog | Library of Economics and Liberty:
Human beings evolved in small bands.� Group identity - and group identity's tendency to corrupt our sense of justice -� is in our DNA.� Once you learn this harsh truth, though, you can, should, and must compensate for your immoral urges.� Review your judgments of out-group members for draconian harshness.� Review your judgments of in-group members - yourself included - for maudlin absolution.� You won't make a lot of friends, but you will be a better person.
Human beings evolved in small bands.� Group identity - and group identity's tendency to corrupt our sense of justice -� is in our DNA.� Once you learn this harsh truth, though, you can, should, and must compensate for your immoral urges.� Review your judgments of out-group members for draconian harshness.� Review your judgments of in-group members - yourself included - for maudlin absolution.� You won't make a lot of friends, but you will be a better person.
Wednesday, February 19, 2014
Tuesday, February 18, 2014
Monday, February 17, 2014
Sunday, February 16, 2014
Seth's Blog: Modesty and hubris
Seth's Blog: Modesty and hubris:
And that's like hearing that there's a lottery and the tickets are very expensive.
And that's like hearing that there's a lottery and the tickets are very expensive.
Saturday, February 15, 2014
T.J. Oshie: America's Newest Olympic Hero - WSJ.com
T.J. Oshie: America's Newest Olympic Hero - WSJ.com:
"Earlier, as he prepared for the shootout amid a crowd dominated by cheering Russians, he texted his girlfriend to let her know the plan."
"Earlier, as he prepared for the shootout amid a crowd dominated by cheering Russians, he texted his girlfriend to let her know the plan."
Joseph Nocera calls me on the phone
Joseph Nocera calls me on the phone:
“So what you’re saying,” the man concluded, “is that the pessimists are right. But it’s going to be much better than they think.”
“So what you’re saying,” the man concluded, “is that the pessimists are right. But it’s going to be much better than they think.”
Friday, February 14, 2014
Banks in London Devise Way Around Europe’s Bonus Rules - NYTimes.com
Banks are really good about at regulatory arbitrage (avoiding regulations).
Banks in London Devise Way Around Europe’s Bonus Rules - NYTimes.com
Banks in London Devise Way Around Europe’s Bonus Rules - NYTimes.com
Thursday, February 13, 2014
Pension politics | Felix Salmon
The move to 401ks devastated the retirement plans of millions. Properly managed pensions were and are the answer.
Pension politics | Felix Salmon
Pension politics | Felix Salmon
Wednesday, February 12, 2014
What Can New Pilots Make? Near Minimum Wage - WSJ.com
Finally an article which sites the reason for various "shortages". Companies are unwilling to pay and pay for training.
What Can New Pilots Make? Near Minimum Wage - WSJ.com
What Can New Pilots Make? Near Minimum Wage - WSJ.com
Tuesday, February 11, 2014
Sunday, February 09, 2014
Saturday, February 08, 2014
Friday, February 07, 2014
Pentagon Drops Plan to Mothball USS George Washington Aircraft Carrier - WSJ.com
The military industrial complex still rules. The Pentagon cannot cut costs.
Pentagon Drops Plan to Mothball USS George Washington Aircraft Carrier - WSJ.com
Pentagon Drops Plan to Mothball USS George Washington Aircraft Carrier - WSJ.com
Thursday, February 06, 2014
Wednesday, February 05, 2014
The Dangers of Certainty: A Lesson From Auschwitz - NYTimes.com
Science is a tribute to what we can know.
"Think it possible that you can be mistaken"
The Dangers of Certainty: A Lesson From Auschwitz - NYTimes.com
"Think it possible that you can be mistaken"
The Dangers of Certainty: A Lesson From Auschwitz - NYTimes.com
The Buried Lede In The CBO Report: Obamacare Will Raise Wages - Business Insider
Will Obamacare change the dynamic between capital and labor? Individuals will now have slightly more bargaining power since they will not have to rely on employment to get health insurance.
The Buried Lede In The CBO Report: Obamacare Will Raise Wages - Business Insider
The Buried Lede In The CBO Report: Obamacare Will Raise Wages - Business Insider
The Fed’s bad manners risk offending foreigners - FT.com
The Fed does not always act in the best interest of the United States. Why would it do so for other countries?
The Fed’s bad manners risk offending foreigners - FT.com
The Fed’s bad manners risk offending foreigners - FT.com
CVS Plans to End Sales of Tobacco Products by Oct. 1 - NYTimes.com
This shows how far America has come in the fight against tobacco. And gives one hope about the future of the fight against guns.
CVS Plans to End Sales of Tobacco Products by Oct. 1 - NYTimes.com
CVS Plans to End Sales of Tobacco Products by Oct. 1 - NYTimes.com
Is That a Luge in Times Square? - NYTimes.com
What were they smoking at NYT when they wrote this one?
Is That a Luge in Times Square? - NYTimes.com
Is That a Luge in Times Square? - NYTimes.com
Tuesday, February 04, 2014
Monday, February 03, 2014
Sunday, February 02, 2014
In Praise of Passivity
When in doubt, do nothing.
http://studiahumana.com/pliki/wydania/In%20Praise%20of%20Passivity.pdf
http://studiahumana.com/pliki/wydania/In%20Praise%20of%20Passivity.pdf
Saturday, February 01, 2014
Some secrets of longevity | Harvard Gazette
Some secrets of longevity | Harvard Gazette:
One can only hope...
“Becoming really good at a difficult crossword puzzle,” he wondered, “does that help you find your keys?”
One can only hope...
“Becoming really good at a difficult crossword puzzle,” he wondered, “does that help you find your keys?”
‘All Joy and No Fun,’ by Jennifer Senior - NYTimes.com
Sometimes the experiences are as good as the memories but that is still an important construct.
‘All Joy and No Fun,’ by Jennifer Senior - NYTimes.com
‘All Joy and No Fun,’ by Jennifer Senior - NYTimes.com
How to construct your own asset allocation | portfolio
How to construct your own asset allocation | portfolio
And from the master John Bogle:
http://www.cfapubs.org/doi/pdfplus/10.2469/faj.v70.n1.1
And from the master John Bogle:
http://www.cfapubs.org/doi/pdfplus/10.2469/faj.v70.n1.1
More Delays and Rising Cost for Project Connecting L.I.R.R. to Grand Central Terminal - NYTimes.com
Even when spending is authorized, the US does a terrible job at public works projects.
More Delays and Rising Cost for Project Connecting L.I.R.R. to Grand Central Terminal - NYTimes.com
More Delays and Rising Cost for Project Connecting L.I.R.R. to Grand Central Terminal - NYTimes.com