Michael Lewis Doesn't Like High-Frequency Traders - Bloomberg View

I was a villain.



Michael Lewis Doesn't Like High-Frequency Traders - Bloomberg View

High Frequency Trading: The Little Guy is the Big Winner Kid Dynamite's World

High Frequency Trading: The Little Guy is the Big Winner Kid Dynamite's World

How investors get it wrong - FT.com

Better to buy low and sell high.



How investors get it wrong - FT.com

“The Stock Market is Rigged!” | The Reformed Broker

“The Stock Market is Rigged!” | The Reformed Broker

Companies Need To Pay People More - Business Insider

Companies Need To Pay People More - Business Insider

p-value weirdness in a world of big data | Fredrik deBoer

p-value weirdness in a world of big data | Fredrik deBoer

Profit Margins: The Death of a Chart | Philosophical Economics

Profit Margins: The Death of a Chart | Philosophical Economics:

General Motors (GM) operates numerous plants in China. Suppose that one of these plants produces and sells one extra car. The profit will be added to CPATAX–a U.S. resident corporation, through its foreign affiliate, has earned money. But the wages and salaries paid to the workers and supervisors at the plant, and the compensation paid to the domestic suppliers, advertisers, contractors, and so on, will not be added to GDP, because the activities did not take place inside the United States. They took place in China, and therefore they belong to Chinese GDP. So, in effect, CPATAX/GDP will increase as if the sale entailed a 100% profit margin–actually, an infinite profit margin. Positive profit on a revenue of zero.

We Fear What We Don't Understand Kid Dynamite's World

We Fear What We Don't Understand Kid Dynamite's World

Yankees’ Masahiro Tanaka Epitomizes the Japanese Approach to Baseball - NYTimes.com

Yankees’ Masahiro Tanaka Epitomizes the Japanese Approach to Baseball - NYTimes.com

Plutocracy without end: Why the 1 percent always defeats the middle class - Salon.com

Plutocracy without end: Why the 1 percent always defeats the middle class - Salon.com

Steve Sailer: iSteve: Shamelessness

Steve Sailer: iSteve: Shamelessness

California Farmers Short of Labor, and Patience - NYTimes.com

Raise pay or invest in technology.



California Farmers Short of Labor, and Patience - NYTimes.com

Advice for a Happy Life by Charles Murray - WSJ.com

Advice for a Happy Life by Charles Murray - WSJ.com

Ford Destroys Cadillac's Rich Guy Ad - Business Insider

N'est pas?



Ford Destroys Cadillac's Rich Guy Ad - Business Insider

He Remade Our World by Mark Danner | The New York Review of Books

He Remade Our World by Mark Danner | The New York Review of Books

Video: The Charity Stripe | SportsonEarth.com

Do what works, not what others think looks good.





Video: The Charity Stripe | SportsonEarth.com

On with Larry Kudlow Tonight on His Last Show! | Jared Bernstein | On the Economy

Points of agreement between left and right economists are as many as points of disagreement.



On with Larry Kudlow Tonight on His Last Show! | Jared Bernstein | On the Economy

There’s No Substitute for Good Judgment | PRAGMATIC CAPITALISM

Nobel laureate Richard Feynmanemphasized the point: “The first principle is that you must not fool yourself – and you are the easiest person to fool.”



There’s No Substitute for Good Judgment | PRAGMATIC CAPITALISM

interfluidity � “Incentives to produce” are incentives to rig the game

interfluidity � “Incentives to produce” are incentives to rig the game

Russell Crowe Confronts Life’s Nasty Weather in ‘Noah’ - NYTimes.com

Russell Crowe Confronts Life’s Nasty Weather in ‘Noah’ - NYTimes.com

Piketty's Inequality Story in Six Charts : The New Yorker

Piketty's Inequality Story in Six Charts : The New Yorker

Attention Suckers: Please Send Us Your Money - Bloomberg View

Attention Suckers: Please Send Us Your Money - Bloomberg View

Japan's Diet Debates WWII as Nationalism Clouds Abenomics - Bloomberg

Japan's Diet Debates WWII as Nationalism Clouds Abenomics - Bloomberg

Video Showcases Japanese Island Defense Capability - Japan Real Time - WSJ

Video Showcases Japanese Island Defense Capability - Japan Real Time - WSJ

Wal-Mart’s 1974 Annual Report: Sometimes You Get What You Pay For | Philosophical Economics

Wal-Mart’s 1974 Annual Report: Sometimes You Get What You Pay For | Philosophical Economics

Krugman and DeLong on Avoiding Secular Stagnation | Beat the Press

Krugman and DeLong on Avoiding Secular Stagnation | Beat the Press

The Reason Stick: The Venn Diagram of Irrational Nonsense

The Reason Stick: The Venn Diagram of Irrational Nonsense

How to Understand Georgia's 'Guns Everywhere' Law: Four Blunt Points - Businessweek

How to Understand Georgia's 'Guns Everywhere' Law: Four Blunt Points - Businessweek

Banks pay out $100bn in US fines - FT.com

Banks pay out $100bn in US fines - FT.com

Ezekiel Emanuel: ObamaCare's Fourth Anniversary: Progress, With Caveats - WSJ.com

Ezekiel Emanuel: ObamaCare's Fourth Anniversary: Progress, With Caveats - WSJ.com

The Dead Are Wealthier Than the Living: Capital in the 21st Century - Pacific Standard: The Science of Society

The Dead Are Wealthier Than the Living: Capital in the 21st Century - Pacific Standard: The Science of Society

the top of the world - bookforum.com / current issue

the top of the world - bookforum.com / current issue

The Epicurean Dealmaker: Hail Mary, Full of Grace

The Epicurean Dealmaker: Hail Mary, Full of Grace

Zombie hordes thrive, await further hedge fund corpses | FT Alphaville

Zombie hordes thrive, await further hedge fund corpses | FT Alphaville

This Is Brad DeLong's Grasping Reality...: Over at the WCEG: No, I Really Do Not Think That We Were Doomed to the Lesser Depression Plus the Greater Stagnation: I Think Paul Krugman Gets One Wrong Here...: Monday Focus: March 24, 2014

This Is Brad DeLong's Grasping Reality...: Over at the WCEG: No, I Really Do Not Think That We Were Doomed to the Lesser Depression Plus the Greater Stagnation: I Think Paul Krugman Gets One Wrong Here...: Monday Focus: March 24, 2014

After Filling the Brackets, Finding the Charters - NYTimes.com

First world problems



After Filling the Brackets, Finding the Charters - NYTimes.com

Men's lacrosse plays tough, loses tough to Williams, 9-7 | Athletics | Bates College

Men's lacrosse plays tough, loses tough to Williams, 9-7 | Athletics | Bates College

The secrets of the world's happiest cities | Society | The Guardian

Why I liked Tokyo more than NY; I ran to work.



The secrets of the world's happiest cities | Society | The Guardian

Mish's Global Economic Trend Analysis: Was Russia's Annexation of Crimea Illegal? Who Has the Right to Decide? Transformation of Mainstream Media

Mish's Global Economic Trend Analysis: Was Russia's Annexation of Crimea Illegal? Who Has the Right to Decide? Transformation of Mainstream Media

Noahpinion: White supremacy does not reign supreme

Noahpinion: White supremacy does not reign supreme

Here's Some Better Life Advice Than Richard Branson's | Mother Jones

Here's Some Better Life Advice Than Richard Branson's | Mother Jones

Find The Thing You're Most Passionate About, Then Do It On Nights And Weekends For The Rest Of Your Life | The Onion - America's Finest News Source

Find The Thing You're Most Passionate About, Then Do It On Nights And Weekends For The Rest Of Your Life | The Onion - America's Finest News Source

Hand in Hand to Myanmar #FollowMeTo on Vimeo

Hand in Hand to Myanmar #FollowMeTo on Vimeo

Black Pathology And The Closing Of The Progressive Mind - Ta-Nehisi Coates - The Atlantic

Black Pathology And The Closing Of The Progressive Mind - Ta-Nehisi Coates - The Atlantic

Is Harvard Basketball the New Duke? - Bloomberg View

Is Harvard Basketball the New Duke? - Bloomberg View

Statement on Dissenting Vote at March 19, 2014, Meeting of the Federal Open Market Committee - Messages - Publications & Papers | The Federal Reserve Bank of Minneapolis

Statement on Dissenting Vote at March 19, 2014, Meeting of the Federal Open Market Committee - Messages - Publications & Papers | The Federal Reserve Bank of Minneapolis

City vs. Country: How Where We Live Deepens the Nation's Political Divide - WSJ.com

City vs. Country: How Where We Live Deepens the Nation's Political Divide - WSJ.com

Noahpinion: Behavioral economics vs. behavioral finance

Noahpinion: Behavioral economics vs. behavioral finance

Japan in the 1950s - In Focus - The Atlantic

Japan in the 1950s - In Focus - The Atlantic

The Grumpy Economist: University Debt

The Grumpy Economist: University Debt

Why Do High Frequency Traders Never Lose Money? - Bloomberg View

Why Do High Frequency Traders Never Lose Money? - Bloomberg View

The Battle for Chattanooga: Southern Masculinity and the Anti-Union Campaign at Volkswagen - Working In These Times

The Battle for Chattanooga: Southern Masculinity and the Anti-Union Campaign at Volkswagen - Working In These Times

Edge.org

Edge.org

Noahpinion: Which is better, data or theory?

Noahpinion: Which is better, data or theory?

Rikers Island Struggles With a Surge in Violence and Mental Illness - NYTimes.com

The decrease in violence in America has occurred outside of prisons.



Rikers Island Struggles With a Surge in Violence and Mental Illness - NYTimes.com

Facebook Creates Software That Matches Faces Almost as Well as You Do | MIT Technology Review

Facebook Creates Software That Matches Faces Almost as Well as You Do | MIT Technology Review

The Graph | ACASignups.net

The Graph | ACASignups.net

University of Chicago Is Outlier With Growing Debt Load - Bloomberg

University of Chicago Is Outlier With Growing Debt Load - Bloomberg

FiveThirtyEight | How Statisticians Could Help Find That Missing Plane

FiveThirtyEight | How Statisticians Could Help Find That Missing Plane

The Flute, the Flute Is Calling - NYTimes.com

The Flute, the Flute Is Calling - NYTimes.com

Give Impact Investing Time and Space to Develop - Sasha Dichter - Harvard Business Review

Give Impact Investing Time and Space to Develop - Sasha Dichter - Harvard Business Review

Why is it so expensive to build a bridge in America? - The Week

Why is it so expensive to build a bridge in America? - The Week

Why did the stock market sell off today? | The Reformed Broker

Why did the stock market sell off today? | The Reformed Broker

Bill Gates: The Rolling Stone Interview | Culture News | Rolling Stone

Bill Gates: The Rolling Stone Interview | Culture News | Rolling Stone

Japan's future may be stunted by its past | The Japan Times

Japan's future may be stunted by its past | The Japan Times

Liberal Arts Graduates Use Coding to Secure Jobs - WSJ.com

Liberal Arts Graduates Use Coding to Secure Jobs - WSJ.com

My Life as a Retail Worker: Nasty, Brutish, and Cheap - Joseph Williams - The Atlantic

My Life as a Retail Worker: Nasty, Brutish, and Cheap - Joseph Williams - The Atlantic

Psychology: 'An Owner’s Manual for Your Own Mind' - Hope Reese - The Atlantic

Psychology: 'An Owner’s Manual for Your Own Mind' - Hope Reese - The Atlantic

Has Automated Trading Promoted Efficiency in the FX Spot Market? - Liberty Street Economics

Has Automated Trading Promoted Efficiency in the FX Spot Market? - Liberty Street Economics

What Tokyo Looked Like in 1945 - Eric Jaffe - The Atlantic Cities

What Tokyo Looked Like in 1945 - Eric Jaffe - The Atlantic Cities

The ‘Boys’ in the Bunkhouse - NYTimes.com

The ‘Boys’ in the Bunkhouse - NYTimes.com

Sovereignty vs. Self-Rule: Crimea Reignites Battle - NYTimes.com

Sovereignty vs. Self-Rule: Crimea Reignites Battle - NYTimes.com

The Incredible Shrinking Management Fee - WSJ.com

The Incredible Shrinking Management Fee - WSJ.com

Q&A: Andrew McAfee & Erik Brynjolfsson, co-authors of The Second Machine Age - SmartPlanet

Q&A: Andrew McAfee & Erik Brynjolfsson, co-authors of The Second Machine Age - SmartPlanet

Sustainable Development Solutions Network | World Happiness Report 2013

Denmark: the world's happiest place.



Sustainable Development Solutions Network | World Happiness Report 2013

Bryan Cranston is breaking good - FT.com

Bryan Cranston is breaking good - FT.com

Yale Endowment Report

Pay attention to three investors:

Buffett

Marks

Swenson





http://investments.yale.edu/images/documents/Yale_Endowment_13.pdf

Yale Model Heat Check | Above the Market

The Yale model still works....for Yale.



Yale Model Heat Check | Above the Market

Trade, Wages, and the Conventional Wisdom (or lack thereof) | Jared Bernstein | On the Economy

Trade, Wages, and the Conventional Wisdom (or lack thereof) | Jared Bernstein | On the Economy

What really caused the decline of American unions? - latimes.com

Be sure to link through to the other articles. Interesting and worthy debate.

More important is the question what can empower workers if no unions?



What really caused the decline of American unions? - latimes.com

Some of My Favorite Quotes

Sometimes platitudes are useful.



Some of My Favorite Quotes

Slurp Worthy: The Top 10 Ramen Destinations in New York - NYTimes.com

Slurp Worthy: The Top 10 Ramen Destinations in New York - NYTimes.com

Samurai Spirit: Progeny of Japan's Warrior Elite Retain Edge Today - Japan Real Time - WSJ

Samurai Spirit: Progeny of Japan's Warrior Elite Retain Edge Today - Japan Real Time - WSJ

The San Francisco System: Past, Present, Future in U.S.-Japan-China Relations :: JapanFocus

The San Francisco System: Past, Present, Future in U.S.-Japan-China Relations :: JapanFocus

Eminent Japan Scholar John W. Dower On Eight Problematic Legacies Of 'The San Francisco System'

Eminent Japan Scholar John W. Dower On Eight Problematic Legacies Of 'The San Francisco System'

Interview: Karzai says 12-year Afghanistan war has left him angry at U.S. government - The Washington Post

Interview: Karzai says 12-year Afghanistan war has left him angry at U.S. government - The Washington Post

The Great Divide over Market Efficiency | Institutional Investor

The Great Divide over Market Efficiency | Institutional Investor

Watch the United States grow before your eyes

Watch the United States grow before your eyes

Is Abenomics working?, Scott Sumner | EconLog | Library of Economics and Liberty

Is Abenomics working?, Scott Sumner | EconLog | Library of Economics and Liberty

Hire Slow, Fire Fast - Greg McKeown - Harvard Business Review

Hire Slow, Fire Fast - Greg McKeown - Harvard Business Review

The economic future of Americans – some arithmetic | Gavyn Davies

The economic future of Americans – some arithmetic | Gavyn Davies

Where Have All the Lobbyists Gone? | The Nation

Where Have All the Lobbyists Gone? | The Nation

Pressure Rising as Obama Works to Rein In Russia - NYTimes.com

Pressure Rising as Obama Works to Rein In Russia - NYTimes.com

New Law’s Demands on Doctors Have Many Seeking a Network - NYTimes.com

New Law’s Demands on Doctors Have Many Seeking a Network - NYTimes.com

College, the Great Unleveler - NYTimes.com

College, the Great Unleveler - NYTimes.com

2008 Bailout Counter-Factual | The Big Picture

2008 Bailout Counter-Factual | The Big Picture

The Growing Mess Which Will Be Left Behind By The Abenomics Experiment | A Fistful Of Euros

The Growing Mess Which Will Be Left Behind By The Abenomics Experiment | A Fistful Of Euros

8 Things I Learned from Warren Buffett this Weekend | The Reformed Broker

8 Things I Learned from Warren Buffett this Weekend | The Reformed Broker

Five Common Mistakes and How to Address Them

https://doc.research-and-analytics.csfb.com/docView?language=ENG&format=PDF&source_id=em&document_id=806005350&serialid=wa%2fjsdAV8YbvqAcuYbmEQSVKGUZwJF0pezqIKyi1lTQ%3d

Buffett's Letter

http://www.berkshirehathaway.com/letters/2013ltr.pdf

The expected rate of return from denuclearization has fallen

The expected rate of return from denuclearization has fallen