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Thursday, December 31, 2015
Wednesday, December 30, 2015
For the Wealthiest, a Private Tax System That Saves Them Billions - The New York Times
5. A functioning society needs social norms as well as laws, and the norms of American capitalism are collapsing.
For the Wealthiest, a Private Tax System That Saves Them Billions - The New York Times
Monday, December 28, 2015
Sunday, December 27, 2015
Friday, December 25, 2015
Thursday, December 24, 2015
Wednesday, December 23, 2015
Tuesday, December 22, 2015
Wednesday, December 16, 2015
Tuesday, December 15, 2015
Monday, December 14, 2015
Sunday, December 13, 2015
Thursday, December 10, 2015
Wednesday, December 09, 2015
Tuesday, December 08, 2015
Monday, December 07, 2015
Sunday, December 06, 2015
Friday, December 04, 2015
Thursday, December 03, 2015
Wednesday, December 02, 2015
Tuesday, December 01, 2015
Mayor de Blasio Promotes Smoother Ride on F.D.R. Drive - The New York Times
How do roads get fixed? Be part of the mayor's commute.
Mayor de Blasio Promotes Smoother Ride on F.D.R. Drive - The New York Times
Mayor de Blasio Promotes Smoother Ride on F.D.R. Drive - The New York Times
Monday, November 30, 2015
What can a technologist do about climate change? A personal view.
An amazing piece of journalism. Make sure to slide on the green numbers and click on the blue numbers in the last section.
What can a technologist do about climate change? A personal view.
What can a technologist do about climate change? A personal view.
Sunday, November 29, 2015
Saturday, November 28, 2015
Friday, November 27, 2015
Wednesday, November 25, 2015
Tuesday, November 24, 2015
Monday, November 23, 2015
Sunday, November 22, 2015
Saturday, November 21, 2015
Friday, November 20, 2015
Tuesday, November 17, 2015
Monday, November 16, 2015
Sunday, November 15, 2015
Disney's The Finest Hours - Trailer 1 - YouTube
We grew up looking at the wreck of the Pendleton just off of Monomoy.
Disney's The Finest Hours - Trailer 1 - YouTube
Disney's The Finest Hours - Trailer 1 - YouTube
Saturday, November 14, 2015
Friday, November 13, 2015
Thursday, November 12, 2015
Coke, Cookies and Universal Banks - Bloomberg View
Coke, Cookies and Universal Banks - Bloomberg View:
As is now clear, traditional banking attracts one kind of talent, which is entirely different from the kinds drawn towards investment banking and trading. Traditional bankers tend to be extroverts, sociable people who are focused on longer term relationships. They are, in many important respects, risk averse. Investment bankers and their traders are more short termist. They are comfortable with, and many even seek out, risk and are more focused on immediate reward. In addition, investment banking organisations tend to organise and focus on products rather than customers. This creates fundamental differences in values.
As is now clear, traditional banking attracts one kind of talent, which is entirely different from the kinds drawn towards investment banking and trading. Traditional bankers tend to be extroverts, sociable people who are focused on longer term relationships. They are, in many important respects, risk averse. Investment bankers and their traders are more short termist. They are comfortable with, and many even seek out, risk and are more focused on immediate reward. In addition, investment banking organisations tend to organise and focus on products rather than customers. This creates fundamental differences in values.
Wednesday, November 11, 2015
Tuesday, November 10, 2015
Monday, November 09, 2015
The Halloween Costume Controversy at Yale's Silliman College - The Atlantic
Things could be worse. You could be at Yale.
The Halloween Costume Controversy at Yale's Silliman College - The Atlantic
The Halloween Costume Controversy at Yale's Silliman College - The Atlantic
Bonuses, Bail-Ins and Down Rounds - Bloomberg View
Stunning
In other news, only 14 percent of managing directors at Goldman have MBAs.
Bonuses, Bail-Ins and Down Rounds - Bloomberg View
In other news, only 14 percent of managing directors at Goldman have MBAs.
Bonuses, Bail-Ins and Down Rounds - Bloomberg View
Sunday, November 08, 2015
Saturday, November 07, 2015
Friday, November 06, 2015
Thursday, November 05, 2015
Sanctions, Spoofers, Bits and Gold - Bloomberg View
Sanctions, Spoofers, Bits and Gold - Bloomberg View
One important lesson from the last few years of bank scandals is: Don't put it in writing. A lot of people got that wrong. Fine. But the really surprising thing is the number of people who came so close to getting it right, but for one small mistake. They knew not to put it in writing, and they told their colleagues not to put it in writing. Their mistake -- it is a subtle one -- is that they told their colleagues not to put it in writing in writing.
One important lesson from the last few years of bank scandals is: Don't put it in writing. A lot of people got that wrong. Fine. But the really surprising thing is the number of people who came so close to getting it right, but for one small mistake. They knew not to put it in writing, and they told their colleagues not to put it in writing. Their mistake -- it is a subtle one -- is that they told their colleagues not to put it in writing in writing.
Monday, November 02, 2015
Sunday, November 01, 2015
Saturday, October 31, 2015
Thursday, October 29, 2015
Wednesday, October 28, 2015
Tuesday, October 27, 2015
Monday, October 26, 2015
Howard Marks Report
http://www.oaktreecapital.com/MemoTree/Inspiration%20from%20the%20World%20of%20Sports.pdf?curator=thereformedbroker&utm_source=thereformedbroker
Sunday, October 25, 2015
Saturday, October 24, 2015
Wednesday, October 21, 2015
Tuesday, October 20, 2015
Accidental Payments and Quiz Cheating - Bloomberg View
Accidental Payments and Quiz Cheating - Bloomberg View:
Okay kids, gather round and listen up. If you work at a bank, that bank is�tracking what you do on your computer. They told�you that when you started, but�you are so used to clicking through terms of service that you�didn't pay any attention. "Yeah, yeah, the bank reserves the right to monitor my computer, blah blah blah," you said as you signed�a bunch of forms. Now 20�of your analyst classmates are�gone. Are you paying attention now?
Okay kids, gather round and listen up. If you work at a bank, that bank is�tracking what you do on your computer. They told�you that when you started, but�you are so used to clicking through terms of service that you�didn't pay any attention. "Yeah, yeah, the bank reserves the right to monitor my computer, blah blah blah," you said as you signed�a bunch of forms. Now 20�of your analyst classmates are�gone. Are you paying attention now?
Do the economics of self-driving taxis actually make sense? | FT Alphaville
Do the economics of self-driving taxis actually make sense? | FT Alphaville: This is problematic because Uber’s already low-margin business model depends heavily on being able to overstep regulation, licensing and — most importantly — transfer maintenance, cleaning, insurance and market-risk exposure to drivers. It also benefits from drivers’ ability to draw value from vehicles in personal time.
Government fund urges Japan auto industry shake-up - FT.com
Or they could give foreign activists more leeway.
Government fund urges Japan auto industry shake-up - FT.com
Monday, October 19, 2015
Sunday, October 18, 2015
Saturday, October 17, 2015
A Path Out of the Middle East Collapse - WSJ
The U.S. is now opposed to, or at odds in some way or another with, all parties in the region:
A Path Out of the Middle East Collapse - WSJ
A Path Out of the Middle East Collapse - WSJ
A Path Out of the Middle East Collapse - WSJ
The U.S. is now opposed to, or at odds in some way or another with, all parties in the region:
A Path Out of the Middle East Collapse - WSJ
A Path Out of the Middle East Collapse - WSJ
Friday, October 16, 2015
Thursday, October 15, 2015
Why Hillary Clinton Can't Win by Going After the NRA - Bloomberg Business
Why Hillary Clinton Can't Win by Going After the NRA - Bloomberg Business: Deborah Azrael at the Harvard School of Public Health found that 40�percent of respondents said they’d most recently acquired a firearm without a background check.
Wednesday, October 14, 2015
Tuesday, October 13, 2015
Monday, October 12, 2015
Tuesday, October 06, 2015
Monday, October 05, 2015
Sunday, October 04, 2015
Thursday, September 24, 2015
Wednesday, September 23, 2015
Tuesday, September 22, 2015
Monday, September 21, 2015
Sunday, September 20, 2015
Saturday, September 19, 2015
Friday, September 18, 2015
Thursday, September 17, 2015
Wednesday, September 16, 2015
Tuesday, September 15, 2015
For Mack-Cali, Jersey Waterfront Is Just the Ticket - WSJ
For Mack-Cali, Jersey Waterfront Is Just the Ticket - WSJ:
Great quote about investing...
“Nothing is easy, ....”
Great quote about investing...
“Nothing is easy, ....”
Monday, September 14, 2015
Sunday, September 13, 2015
Saturday, September 12, 2015
Friday, September 11, 2015
Thursday, September 10, 2015
Wednesday, September 09, 2015
Dunster Residents Praise Common Spaces, but Not Hall Bathrooms | News | The Harvard Crimson
Dunster Residents Praise Common Spaces, but Not Hall Bathrooms | News | The Harvard Crimson:
“We’re not like Eliot. We don’t have the Cockpit or Ground Zero. We don’t have party suites.”
“We’re not like Eliot. We don’t have the Cockpit or Ground Zero. We don’t have party suites.”
Sunday, September 06, 2015
Saturday, September 05, 2015
Tuesday, September 01, 2015
Monday, August 31, 2015
Sunday, August 30, 2015
Saturday, August 29, 2015
Friday, August 28, 2015
Thursday, August 27, 2015
Wednesday, August 26, 2015
The Awesome, Terrible Majesty of a Donald Trump Press Conference | RedState
The Awesome, Terrible Majesty of a Donald Trump Press Conference | RedState:
Watching Donald Trump speak and answer questions, though, is like watching a billion targets appear in the sky all at once, for a political opponent. Each thing he says is so bizarre, or ill informed, or demonstrably false, or un presidential in tone or character, that it becomes impossible to know which target to lock on to or focus on. And to the extent that he makes a policy statement, it is so hopelessly vague and ludicrous that it’s impossible to know where to begin, at least within the context of the 30-second soundbite that the modern political consumer requires (and chances are, he will say something diametrically opposed to it before the press conference is over anyway).
Watching Donald Trump speak and answer questions, though, is like watching a billion targets appear in the sky all at once, for a political opponent. Each thing he says is so bizarre, or ill informed, or demonstrably false, or un presidential in tone or character, that it becomes impossible to know which target to lock on to or focus on. And to the extent that he makes a policy statement, it is so hopelessly vague and ludicrous that it’s impossible to know where to begin, at least within the context of the 30-second soundbite that the modern political consumer requires (and chances are, he will say something diametrically opposed to it before the press conference is over anyway).
Tuesday, August 25, 2015
Sunday, August 23, 2015
Saturday, August 22, 2015
Friday, August 21, 2015
Thursday, August 20, 2015
Wednesday, August 19, 2015
Tuesday, August 18, 2015
10 Things You Should Start Doing Today To Motivate Yourself For Success - Forbes
It is easier to be clever than to be kind.
10 Things You Should Start Doing Today To Motivate Yourself For Success - Forbes
10 Things You Should Start Doing Today To Motivate Yourself For Success - Forbes
Monday, August 17, 2015
Sunday, August 16, 2015
Friday, August 14, 2015
Thursday, August 13, 2015
Wednesday, August 12, 2015
Tuesday, August 11, 2015
Monday, August 10, 2015
Saturday, August 08, 2015
Thursday, August 06, 2015
Wednesday, August 05, 2015
Tuesday, August 04, 2015
Monday, August 03, 2015
Friday, July 31, 2015
Thursday, July 30, 2015
Facebook Earnings and Swap Hedges - Bloomberg View
Facebook Earnings and Swap Hedges - Bloomberg View:
Wall Street "short-termism" is just about who should get to make decisions with capital. If you are bad at investing�capital, investors will keep you on a short leash, and ask for their capital back if you have any to spare so they can put it to better uses. If you are great�at investing�capital, sure, buy a virtual-reality headset company, build driverless cars, shoot rockets to Mars, whatever, go nuts. Long-term corporate investment and deep basic research is possible, but you have to earn it.
Wall Street "short-termism" is just about who should get to make decisions with capital. If you are bad at investing�capital, investors will keep you on a short leash, and ask for their capital back if you have any to spare so they can put it to better uses. If you are great�at investing�capital, sure, buy a virtual-reality headset company, build driverless cars, shoot rockets to Mars, whatever, go nuts. Long-term corporate investment and deep basic research is possible, but you have to earn it.
Wednesday, July 29, 2015
Tuesday, July 28, 2015
Goldman in Tech and a Crash in China - Bloomberg View
Goldman in Tech and a Crash in China - Bloomberg View:
It goes on. The first review period involved 6.3 billion inaccuracies, the third 15.1 billion, and the fourth just 38.7 million inaccuracies, which really seem hardly worth mentioning on top of the other 63 billion violations. Goldman is paying $1.8 million, or less than 3/1000ths of a cent per violation,�which �probably represents some sort of bulk discount.
It goes on. The first review period involved 6.3 billion inaccuracies, the third 15.1 billion, and the fourth just 38.7 million inaccuracies, which really seem hardly worth mentioning on top of the other 63 billion violations. Goldman is paying $1.8 million, or less than 3/1000ths of a cent per violation,�which �probably represents some sort of bulk discount.
Monday, July 27, 2015
Sunday, July 26, 2015
Saturday, July 25, 2015
Friday, July 24, 2015
Thursday, July 23, 2015
Wednesday, July 22, 2015
Tuesday, July 21, 2015
Monday, July 20, 2015
Dr. Ed's Blog: The Productivity Puzzle (excerpt)
Dr. Ed's Blog: The Productivity Puzzle (excerpt):
“I suspect that all the productivity gains provided by Google and the like are more than offset by the ridiculous amount of time people spend on FaceBook, Twitter, Instagram etc writing about the cute thing their dog did today, or posting a picture of what they had for lunch...”
“I suspect that all the productivity gains provided by Google and the like are more than offset by the ridiculous amount of time people spend on FaceBook, Twitter, Instagram etc writing about the cute thing their dog did today, or posting a picture of what they had for lunch...”
Saturday, July 18, 2015
Friday, July 17, 2015
Thursday, July 16, 2015
Wednesday, July 15, 2015
Tuesday, July 14, 2015
Monday, July 13, 2015
Sunday, July 12, 2015
Thursday, July 09, 2015
Glitches, Knitting and Conference-Call Jokes - Bloomberg View
Glitches, Knitting and Conference-Call Jokes - Bloomberg View:
The lesson here is that some people are pretty good at making relative-value fixed income bets, and they become famous, and they go on TV and Twitter and write goofy investment outlooks and people look to them to explain which equity markets are overvalued, and then they end up making pronouncements about things that are way outside of their area of expertise and that they have no intention of acting on, and people go around taking those pronouncements seriously even though they are not meant particularly seriously. Of course sometimes they're right.
The lesson here is that some people are pretty good at making relative-value fixed income bets, and they become famous, and they go on TV and Twitter and write goofy investment outlooks and people look to them to explain which equity markets are overvalued, and then they end up making pronouncements about things that are way outside of their area of expertise and that they have no intention of acting on, and people go around taking those pronouncements seriously even though they are not meant particularly seriously. Of course sometimes they're right.
Tuesday, July 07, 2015
Suspended Stocks and Go-Karting Lawyers - Bloomberg View
But once you decide that a corporation is there to provide financial returns to shareholders, then of course you should pay its executives based on their ability to provide financial returns to shareholders.
Suspended Stocks and Go-Karting Lawyers - Bloomberg View
Suspended Stocks and Go-Karting Lawyers - Bloomberg View
Monday, July 06, 2015
Sunday, July 05, 2015
Saturday, July 04, 2015
Friday, July 03, 2015
Tuesday, June 30, 2015
Primer on the Greek Crisis
http://faculty.chicagobooth.edu/anil.kashyap/research/papers/A-Primer-on-the-Greek-Crisis_june29.pdf
http://rjwaldmann.blogspot.com/2015/06/washington-post-and-new-york-times-on.html
http://rjwaldmann.blogspot.com/2015/06/washington-post-and-new-york-times-on.html