Try More Stuff Than the Other Guy (2)
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Ben Casnocha (156)
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Ben Casnocha: The Blog (156)
3 days, 22 hours
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Here's Tom Peters on one of my favorite topics (randomness) from the new book The Drunkard's Walk: How Randomness Rules our Lives:"If I had said 'yes' to all the projects I turned down and 'no' to all the ones I took, it would have worked out about the same."—David Picker, movie studio exec "Mathematical analysis of firings in all major sports has shown that those firings had, on average, no effect on team performance."And his ...
A practical approach to the regulation of risk (1)
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FT.com - Comment (4)
4 days, 21 hours
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Counter-cyclical charges should be based on systemic phenomena, not on the characteristics of individual firms, say John Eatwell and Avinash Persaud
Lennart Green does close-up card magic | Video on TED.com (6)
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1 week, 2 days
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TED Talks Like your uncle at a family party, the rumpled Swedish doctor Lennart Green says, "Pick a card, any card." But what he does with those cards is pure magic -- flabbergasting, lightning-fast, how-does-he-do-it? magic.
McCain, Obama, and the Inherent Advantage of Caring More About Ends Than Means (12)
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Robert Reich (92)
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Robert Reich's Blog (92)
1 week, 3 days
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We’ve been here before: The Republican attack machine at full throttle, spewing lies in best-selling books, on Fox News, on talk radio. The mainstream media reporting on the controversy, thereby giving it more air time and squeezing out the Democrats’ affirmative message. Followed by accusations by Democrats that Republicans are playing unfairly. Responded to by smiling shrugs and winks from Republicans, who say Democrats can’t take the heat or can’t enjoy a joke or are ...
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Karoli said:
Obama and his campaign need to listen to Reich -- he has the Republican tactics nailed.
Disrespecting Credentialism (3)
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Ben Casnocha (156)
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Ben Casnocha: The Blog (156)
1 week, 4 days
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Why are people who hold degrees from very selective schools more likely to advise me to stay in college and get my degree (from a very selective school) whereas people who hold degrees from unknown schools or have no degree at all more are likely to support a decision to drop out? Because if I drop out I am disrespecting credentialism -- which according to Arnold Kling is "the belief that only people with proper ...
What They Teach you at Harvard Business School (12)
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reshmakh (13)
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Delicious popular (3575)
1 week, 5 days
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In 2004, the journalist Philip Delves Broughton walked away from what sounds like a peach of a job, Paris bureau chief for the Daily Telegraph, to enrol in Harvard’s world-famous MBA (Masters in Business Administration) course.
Why Are Small Fish Still Biting? (1)
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WSJ.com: What's News US (135)
1 week, 5 days
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The recent steep rebound by small-cap U.S. stocks belies fundamentals and shows why many are having a hard time picking market winners.
THE WORLD; China Sees Singapore As a Model for Progress - New York Times (1)
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2 weeks
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IN the 1950's Chairman Mao declared: "The Soviet Union's today is China's tomorrow." Now it would be a counter-revolutionary offense to say that in public. But in searching for a country to emulate, Deng Xiaoping, China's 87-year-old senior leader, has come up with a partial model, one that in many respects runs counter to China's original revolutionary principles. That model is Singapore.
Breaking News (1)
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2 weeks, 2 days
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Why they hate Singapore Western detractors are getting the jitters as others copy our model By Chua Lee Hoong, Political Editor
The Obama tax plan (5)
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Tyler Cowen (904)
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Marginal Revolution (1174)
2 weeks, 3 days
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Those are the marginal tax rates and how they would change, analyzed here, via Greg Mankiw. The key point is this: "Reducing a person’s tax credit as his income goes up also reduces his incentive to earn more income." But before some of you get all upset, I do not intend this presentation as an endorsement of John McCain's utterances on fiscal policy. Addendum: I am not saying that Obama is "raising taxes on the ...
Quantitative Finance Soundbite of the Day (2)
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Felix Salmon (114)
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Portfolio.com: Market Movers (94)
2 weeks, 3 days
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Paul Wilmott on the problems facing the world of quantitative finance: Banks and hedge funds employ mathematicians with no financial-market experience to build models that no one is testing scientifically for use in situations where they were not intended by traders who don't understand them. And people are surprised by the losses! That alone is reason enough to subscribe to Wilmott's blog, although he doesn't update it very often. The quote comes via Bryant Urstadt's ...
Another One for the Machine (18)
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The Technium (180)
2 weeks, 3 days
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Computers have mastered chess and checkers, beating the best human players. Nowadays cheap computerized or even online players can beat most ordinary humans. The ancient game of Go, however, has long resisted the efforts by engineers to construct a Go-computer than can beat a human Go master. Some Go fans believed computers would never be able to beat a Go master. The vast combinatorial sums of possible moves are much greater in Go than chess, ...
Leaving Wall Street for a job overseas (1)
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CEO compensation: the latest results (1)
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Tyler Cowen (904)
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Marginal Revolution (1174)
2 weeks, 5 days
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Here's the latest:We analyze the long-run trends in executive compensation using a new panel dataset of top executives in large publicly-held firms from 1936 to 2005, collected from corporate reports. This historic perspective reveals several surprising new facts that conflict with inferences based only on data from the recent decades. First, the median real value of compensation was remarkably flat from the end of World War II to the mid-1970s, even during times of rapid ...
Fascinating Nuggets About Traffic (3)
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Ben Casnocha (156)
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Ben Casnocha: The Blog (156)
2 weeks, 5 days
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Mary Roach gleans these nuggets in her review of a new book on traffic: 12.7 percent of the traffic slowdown after a crash has nothing to do with wreckage blocking lanes; it’s caused by gawkers. In a study of one 15-block area near U.C.L.A., cars were logging, on an average day, 3,600 miles in pursuit of a place to park. The Hebrew calendar is programmed into about 75 signal lights in Los Angeles. This is ...
