Warren Buffett Explains�His Cozy Embrace - Bloomberg View:
The trick is to be rigorous�while�seeming�sentimental,
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Saturday, February 28, 2015
Friday, February 27, 2015
Thursday, February 26, 2015
I Am Beginning to Think That the Backlash Against the Skills-Gap Story of Wage Inequality Has Gone Too Far...: Focus - Washington Center for Equitable Growth
I Am Beginning to Think That the Backlash Against the Skills-Gap Story of Wage Inequality Has Gone Too Far...: Focus - Washington Center for Equitable Growth:
The key things to avoid are:
Keeping people who won’t successfully complete college from enrolling and having an experience that they look back at as not worthwhile…
Keeping people who won’t successfully complete college from taking on enormous student loan debt in the process…
Keeping people who could successfully complete college from signing up for a very low-quality college–and we are looking at you, Washington Post, or Stanley Kaplan University Daily–as having played a large role in blocking action to minimize this problem…
And the key things to promote is:
Persuading people who will successfully complete a reasonable-quality college that their loan debt will be a very small burden on them, and that college is really a very good investment.
Figuring out better and cheaper ways to teach and verify what people learn in college.
Figuring out how to boost the human capital of people who will not successfully complete a reasonable-quality college.
The key things to avoid are:
Keeping people who won’t successfully complete college from enrolling and having an experience that they look back at as not worthwhile…
Keeping people who won’t successfully complete college from taking on enormous student loan debt in the process…
Keeping people who could successfully complete college from signing up for a very low-quality college–and we are looking at you, Washington Post, or Stanley Kaplan University Daily–as having played a large role in blocking action to minimize this problem…
And the key things to promote is:
Persuading people who will successfully complete a reasonable-quality college that their loan debt will be a very small burden on them, and that college is really a very good investment.
Figuring out better and cheaper ways to teach and verify what people learn in college.
Figuring out how to boost the human capital of people who will not successfully complete a reasonable-quality college.
CONVERSABLE ECONOMIST: U.S. R&D in (Troubling) Context
Key is not numbers of scientists, it is the productivity.
CONVERSABLE ECONOMIST: U.S. R&D in (Troubling) Context
CONVERSABLE ECONOMIST: U.S. R&D in (Troubling) Context
Wednesday, February 25, 2015
Democrats are overplaying their hand on unions
Union decline is part of the story, but not all. Globalization, technology, shareholder rights and other causes matter too. But do not underplay the importance of the decline of negotiating power of the unions.
Democrats are overplaying their hand on unions
Democrats are overplaying their hand on unions
Tuesday, February 24, 2015
Sunday, February 22, 2015
Battle to Retake Iraqi City Looms as Test of Obama’s ISIS Strategy - NYTimes.com
Battle to Retake Iraqi City Looms as Test of Obama’s ISIS Strategy - NYTimes.com:
US military wants a 25 to 1 manpower advantage to overcome this:
"While Mosul is overwhelmingly Sunni, the Iraqi attacking force is likely to be overwhelming Shiite, which may create friction"
US military wants a 25 to 1 manpower advantage to overcome this:
"While Mosul is overwhelmingly Sunni, the Iraqi attacking force is likely to be overwhelming Shiite, which may create friction"
Saturday, February 21, 2015
Friday, February 20, 2015
Thursday, February 19, 2015
Wednesday, February 18, 2015
John Kay - It's too risky to rely on financial risk models
Risk models do not work because they are bad at predicting probabilities.
Better to look at gross positions.
John Kay - It's too risky to rely on financial risk models
Better to look at gross positions.
John Kay - It's too risky to rely on financial risk models
Doctors Strive to Do Less Harm by Inattentive Care - NYTimes.com
Doctors Strive to Do Less Harm by Inattentive Care - NYTimes.com:
My big question. Why do not hospitals let you sleep?
Maybe, Dr. Bennick thought, what is really being asked is: Can you get a good night’s sleep without interruption? Is it really necessary to wake patients again and again to take blood pressure and pulse rates, to draw blood, to give medications?
My big question. Why do not hospitals let you sleep?
Maybe, Dr. Bennick thought, what is really being asked is: Can you get a good night’s sleep without interruption? Is it really necessary to wake patients again and again to take blood pressure and pulse rates, to draw blood, to give medications?
Tuesday, February 17, 2015
Monday, February 16, 2015
Pro-Iran militias’ success in Iraq could undermine U.S. - The Washington Post
Pro-Iran militias’ success in Iraq could undermine U.S. - The Washington Post
“We don’t need them, either on the ground or in the air,” said Karim al-Nouri, spokesman and military commander for the Badr Organization, which has emerged as the most powerful of the armed groups. “We can defeat the Islamic State on our own.”
“We don’t need them, either on the ground or in the air,” said Karim al-Nouri, spokesman and military commander for the Badr Organization, which has emerged as the most powerful of the armed groups. “We can defeat the Islamic State on our own.”
Sunday, February 15, 2015
The Epicurean Dealmaker: Goldman Sachs Doesn’t Care What You Think
Do not bring mother Theresa to a knife fight.
The Epicurean Dealmaker: Goldman Sachs Doesn’t Care What You Think
The Epicurean Dealmaker: Goldman Sachs Doesn’t Care What You Think
Saturday, February 14, 2015
It’s Hard To Know Where Gluten Sensitivity Stops And The Placebo Effect Begins | FiveThirtyEight
It’s Hard To Know Where Gluten Sensitivity Stops And The Placebo Effect Begins | FiveThirtyEight:
But the mind is a powerful thing. If you think avoiding gluten will make you feel better, there is a reasonable chance that it will
But the mind is a powerful thing. If you think avoiding gluten will make you feel better, there is a reasonable chance that it will
Friday, February 13, 2015
The War Nerd: Islamic State and American Narcissism | PandoDaily
Interesting take on foreign jihadies.
The War Nerd: Islamic State and American Narcissism | PandoDaily
The War Nerd: Islamic State and American Narcissism | PandoDaily
Yahoo’s Alibaba spinoff attracts big discount
Yahoo’s Alibaba spinoff attracts big discount:
It’s to be expected that SpinCo will trade at a discount. For one thing, it will represent only an indirect interest in Alibaba. For another, the new vehicle will still face a tax bill if it ever sells shares in the Chinese firm, so that exposure is only deferred. And of course the spinoff hasn’t happened yet.
It’s to be expected that SpinCo will trade at a discount. For one thing, it will represent only an indirect interest in Alibaba. For another, the new vehicle will still face a tax bill if it ever sells shares in the Chinese firm, so that exposure is only deferred. And of course the spinoff hasn’t happened yet.
Complicated Politics of Medicaid Expansion Are Playing Out State by State - NYTimes.com
It took seventeen years from its implementation for all of the states to approve medicaid. This will take time, but it will come.
Complicated Politics of Medicaid Expansion Are Playing Out State by State - NYTimes.com
Complicated Politics of Medicaid Expansion Are Playing Out State by State - NYTimes.com
Thursday, February 12, 2015
Wednesday, February 11, 2015
Tuesday, February 10, 2015
Health Spending: Individual vs. Aggregate | askblog
"we know that as individuals we want unlimited access without having to pay for services. You could easily have an improvement in health care policy that is experienced negatively by individuals."
Health Spending: Individual vs. Aggregate | askblog
Monday, February 09, 2015
Sunday, February 08, 2015
Buffett wisdom that you may not have heard before — Millennial Invest
"If you lose money, that’s something which is easy to earn back. But if you lose reputation, it is extremely difficult to earn that back. Act in a way such that if your actions were published in the local newspaper you would not be ashamed of your neighbors and friends reading that story. Play in the center of the field. I am old and cannot see the boundaries at the edge, don’t venture there”
Buffett wisdom that you may not have heard before — Millennial Invest:
Buffett wisdom that you may not have heard before — Millennial Invest:
Saturday, February 07, 2015
Friday, February 06, 2015
BPS Research Digest: Art affects you more powerfully when you view it in a museum
Obvious after visits to Museo Reina Sofia in Madrid to see Picasso's Guernica and to Accademia in Florence to see David.
True for MOOCs as well.
BPS Research Digest: Art affects you more powerfully when you view it in a museum
True for MOOCs as well.
BPS Research Digest: Art affects you more powerfully when you view it in a museum
Seth Klarman: What I’ve learned from Warren Buffett - FT.com
Good advice for billionaires. All others should use index funds and diversify.
Seth Klarman: What I’ve learned from Warren Buffett - FT.com
Seth Klarman: What I’ve learned from Warren Buffett - FT.com
The Afghanistan War Is Still Raging—but This Time It’s Being Waged by Contractors | The Nation
The Afghanistan War Is Still Raging—but This Time It’s Being Waged by Contractors | The Nation:
Department of Defense currently employs 39,609 contractors in Afghanistan
Department of Defense currently employs 39,609 contractors in Afghanistan
Brian Williams’s War Story - NYTimes.com
Trust takes a long time to build. It can be destroyed by one lie.
Brian Williams’s War Story - NYTimes.com
Brian Williams’s War Story - NYTimes.com
Thursday, February 05, 2015
Obama Attack On "Trust Fund Loophole" Could Increase Tax Advantage Of Trusts - Forbes
There is lots of confusion on this topic. It is almost not worth discussing until a final bill is passed.
Obama Attack On "Trust Fund Loophole" Could Increase Tax Advantage Of Trusts - Forbes
Obama Attack On "Trust Fund Loophole" Could Increase Tax Advantage Of Trusts - Forbes
Getting Out Of Afghanistan | Fast Company | Business Innovation
Lesson is that it is much easier getting in than getting out.
Getting Out Of Afghanistan | Fast Company | Business Innovation
Getting Out Of Afghanistan | Fast Company | Business Innovation
Uber’s Business Model Could Change Your Work - NYTimes.com
The business model is still arbitrage. Find a regulated industry, break all the rules and hope that the law does not shut you down.
Uber’s Business Model Could Change Your Work - NYTimes.com
Uber’s Business Model Could Change Your Work - NYTimes.com
Wilson Saw a Window to Victory, But Butler Stole the Show - NYTimes.com
Great use of graphics to understand the Super Bowl final play. Not a bad call. The receiver was wide open but the corner back read the offense and made a spectacular catch.
Wilson Saw a Window to Victory, But Butler Stole the Show - NYTimes.com
Wilson Saw a Window to Victory, But Butler Stole the Show - NYTimes.com