Or a run.
Want to Be More Creative? Take a Walk - NYTimes.com - NYTimes.com
Pages
▼
Wednesday, April 30, 2014
Tuesday, April 29, 2014
Smart Beta versus Smart Alpha by Bruce I. Jacobs, Ph.D., Kenneth N. Levy :: SSRN
Smart Beta is just an attempt at alpha
Smart Beta versus Smart Alpha by Bruce I. Jacobs, Ph.D., Kenneth N. Levy :: SSRN
Smart Beta versus Smart Alpha by Bruce I. Jacobs, Ph.D., Kenneth N. Levy :: SSRN
Monday, April 28, 2014
Does Active Management Increase Returns from Endowments
CommonFund April 2014
https://www.commonfund.org/InvestorResources/Publications/White%20Papers/2014%2001%20Does%20Active%20Management%20Benefit%20Endowment%20Returns%20%28Belmont%29.pdf
https://www.commonfund.org/InvestorResources/Publications/White%20Papers/2014%2001%20Does%20Active%20Management%20Benefit%20Endowment%20Returns%20%28Belmont%29.pdf
Sunday, April 27, 2014
Worthwhile Canadian Initiative: Meritocracy, mobility, and optimal taxation
The important distinction between merit and rent extraction skill. Tax and regulate more of the latter.
"Suppose individuals differ both by "merit" and by "rent extraction skill", where "rent extraction skill" means "ability to transfer income from others to themselves". So an individual's income depends on his "total ability", which is the sum of "merit" plus "rent extraction skill"."
Worthwhile Canadian Initiative: Meritocracy, mobility, and optimal taxation
"Suppose individuals differ both by "merit" and by "rent extraction skill", where "rent extraction skill" means "ability to transfer income from others to themselves". So an individual's income depends on his "total ability", which is the sum of "merit" plus "rent extraction skill"."
Worthwhile Canadian Initiative: Meritocracy, mobility, and optimal taxation
Saturday, April 26, 2014
Friday, April 25, 2014
Climbers Leave Everest Amid Regrets and Tensions Among Sherpas - NYTimes.com
First world problems. Rich guys worry about 'hole in their life' from not climbing Everest. Sherpas worry about living the rest of their lives on 480.
Climbers Leave Everest Amid Regrets and Tensions Among Sherpas - NYTimes.com
Climbers Leave Everest Amid Regrets and Tensions Among Sherpas - NYTimes.com
Thursday, April 24, 2014
Strict Cost-Cutters Who Want to Spend $45 Billion on a Takeover - NYTimes.com - NYTimes.com
Cost cutting for thee, but not for me.
Strict Cost-Cutters Who Want to Spend $45 Billion on a Takeover - NYTimes.com - NYTimes.com:
Mr. Pearson gets there in style, however. He, and at times his family, travel on the company’s private jet.
Strict Cost-Cutters Who Want to Spend $45 Billion on a Takeover - NYTimes.com - NYTimes.com:
Mr. Pearson gets there in style, however. He, and at times his family, travel on the company’s private jet.
Wednesday, April 23, 2014
Tuesday, April 22, 2014
Friday, April 18, 2014
Cost of Treatment May Influence Doctors - NYTimes.com
I have never understood why some doctors do not care about costs.
Cost of Treatment May Influence Doctors - NYTimes.com
Cost of Treatment May Influence Doctors - NYTimes.com
Wednesday, April 16, 2014
Bloomberg Plans a $50 Million Challenge to the N.R.A. - NYTimes.com
Bloomberg Plans a $50 Million Challenge to the N.R.A. - NYTimes.com:
Least surprising line ever written about MB:
And he seemed unaware of, or unwilling to acknowledge, the ways in which his own persona — of a billionaire, Big Gulp-banning former mayor of New York — could undercut his efforts, especially in rural, conservative states.
Least surprising line ever written about MB:
And he seemed unaware of, or unwilling to acknowledge, the ways in which his own persona — of a billionaire, Big Gulp-banning former mayor of New York — could undercut his efforts, especially in rural, conservative states.
Tuesday, April 15, 2014
Monday, April 14, 2014
Sunday, April 13, 2014
Saturday, April 12, 2014
Friday, April 11, 2014
Forget Obamacare: Vermont wants to bring single payer to America - Vox
So in 2009, when he was serving as President Pro Tempore of the Vermont Senate, he got in touch with William Hsiao, an internationally renowned expert who has worked with 10 countries building such systems. Shumlin invited him to Montpelier to discuss his experiences. Hsiao — who helped Taiwan build its single-payer system to cover 23 million people — politely declined.
Forget Obamacare: Vermont wants to bring single payer to America - Vox
Forget Obamacare: Vermont wants to bring single payer to America - Vox
Lights dim for Japan’s pachinko parlours - FT.com
Not a day too soon.
They always reminded me of the bad version of the future in "Back to the Future".
Lights dim for Japan’s pachinko parlours - FT.com
They always reminded me of the bad version of the future in "Back to the Future".
Lights dim for Japan’s pachinko parlours - FT.com
Thursday, April 10, 2014
Howard Marks "Dare to be Great"
http://www.oaktreecapital.com/MemoTree/Dare%20to%20Be%20Great%20II.pdf
Wednesday, April 09, 2014
Tuesday, April 08, 2014
Are Safer Cars Worth the Money? - Bloomberg View
Sometimes you cannot count everything that counts.
Are Safer Cars Worth the Money? - Bloomberg View:
Second, the department noted that in some cases, drivers have been the direct cause of their own children’s death -- an unimaginably horrific outcome that “is not fully or adequately captured in the traditional measure of the value of a statistical life.”
Are Safer Cars Worth the Money? - Bloomberg View:
Second, the department noted that in some cases, drivers have been the direct cause of their own children’s death -- an unimaginably horrific outcome that “is not fully or adequately captured in the traditional measure of the value of a statistical life.”
Monday, April 07, 2014
How politics makes us stupid - Vox
Individuals resist factual information that threatens their defining values.
How politics makes us stupid - Vox
How politics makes us stupid - Vox
Sunday, April 06, 2014
I ran the CIA interrogation program. No matter what the Senate report says, I know it worked. - The Washington Post
Reminds me of the great line from The Fugitive: " I don't care".
It does not matter whether torture works or not, we are a lesser country because of it.
I ran the CIA interrogation program. No matter what the Senate report says, I know it worked. - The Washington Post
It does not matter whether torture works or not, we are a lesser country because of it.
I ran the CIA interrogation program. No matter what the Senate report says, I know it worked. - The Washington Post
Saturday, April 05, 2014
Friday, April 04, 2014
A Pivotal Financial Crisis Case, Ending With a Whimper - NYTimes.com
Burying the lede. Top lawyer for BOA now runs SEC
A Pivotal Financial Crisis Case, Ending With a Whimper - NYTimes.com
A Pivotal Financial Crisis Case, Ending With a Whimper - NYTimes.com
Critics Say Zip Line Will Hurt, Not Help, Lake George Tourism - NYTimes.com
Scenic qualities of RV park?
Critics Say Zip Line Will Hurt, Not Help, Lake George Tourism - NYTimes.com:
“Our concern is that the zip line would detract from the scenic qualities that draw people to Lake George RV Park more than any benefit they would derive,”
Thursday, April 03, 2014
What kind of doctor should I become?
Some thoughts on career choices, most important point is the final one.
What kind of doctor should I become?
What kind of doctor should I become?
A high-speed retreat keeps Goldman out of a tangle - FT.com
A high-speed retreat keeps Goldman out of a tangle - FT.com:
Classic British understatement:
Goldman could be acting purely on principle, having had a Damascene conversion about the error of its ways. Without being rude, however, I think we can dismiss this possibility.
Classic British understatement:
Goldman could be acting purely on principle, having had a Damascene conversion about the error of its ways. Without being rude, however, I think we can dismiss this possibility.
Supreme Court Ends Overall Limit on Political Donations - WSJ.com
Supreme Court Ends Overall Limit on Political Donations - WSJ.com:
644 individuals give the max even now. So this is a limited problem, although it seems bad.
644 individuals give the max even now. So this is a limited problem, although it seems bad.
Wednesday, April 02, 2014
Tuesday, April 01, 2014
Fewer Helmets, More Deaths - NYTimes.com
Duh. Sometimes personal freedom comes at a price. Wind in your hair and risk death.
Fewer Helmets, More Deaths - NYTimes.com
Fewer Helmets, More Deaths - NYTimes.com