Confirmation Bias
No, the stock market is not ‘finally taking “X” [insert pet cause] seriously’ when there are back to back down days. Not very many things move the market, and when… Read more »
Monthly Archives: January 2017
Consumption Smoothing
WCI touched on consumption smoothing in a recent post. This is one area where classical economics and real life observation (and behavioral economics) differ greatly. Consumption smoothing is the act of… Read more »
Jack’s Links
This week, a few links about Trump that won’t cause you to claw your eyes out because of the terrible journalism. Scott Sumner on Trump the mailman: Scott’s main points… Read more »
Trump on Immigration
With Trump signing an executive order to halt immigration from 7 countries, there is a resounding reaction (at least in my bubble): It's becoming pretty clear that if trump voters… Read more »
What’s a Pension Worth?
Someday I’ll write a blog post with the same title and I’ll wax poetic on the piece of mind that comes from fixed income, or the weak bonds that keep… Read more »
My Favorite Interview Question
I have had the (often) enlightening experience of being one of the primary interviewers at a growing firm, and have had the chance to interview dozens of (often) interesting, bright… Read more »
Dow 20,000! We did it!
I’m just kidding, nobody cares about arbitrary round numbers that we happen to have passed on an index that kinda sorta measures growth of big companies in America. And may… Read more »
Book Highlights: Capitalism, Socialism, and Democracy, Schumpeter, (Part 2.2: Can Capitalism Survive?)
The conquest of the air may well be more important than the conquest of India was—we must not confuse geographical frontiers with economic ones. Thus agricultural countries or regions may… Read more »
Effort, Time, and Being Great
*Quick definitional disclaimer: when I say “good”, I mean something like top 25th percentile. When I say “great”, I mean something like top 0.5%. Mike Reiss at ESPN reported this:… Read more »
The Internet is a City
Cities are hubs of progress — before cities, when everyone was a hunter of a gatherer, information was shared slowly. Most people did most things. As people moved into bigger… Read more »