Monthly Archives: April 2011
Arnold discusses how analysis of aggregate data yields a lot of BS:
Karl Smith makes an interesting point. a world in which gains are being created in ways that can be captured is not necessarily a world in which the poor benefit from those gains. I like this characterization. I’ve been convinced … Continue reading
Via Cringely, I skipped ahead to Gordon Moore’s 20 minute presentation.
From Barker we learn that businesses started by the rich are more likely to fail. And the bigger the advantage they have (ie in capital intensive industries), the worse off they are.
Spexpertise (n): the flawed knowledge and misplaced self-confidence that one achieves having only read blogs and news stories on a topic.
Insurance companies and bond portfolio managers have a lot in common in respect of their financial risk profiles: fixed payments in exchange for an uncertain probability of loss of principal. Insurers call this loss a claim, while cross-default provisions in … Continue reading