The bet was on, and it was over the fate of humanity. On one side was the Stanford biologist Paul R. Ehrlich. In his 1968 best seller, The Population Bomb, Ehrlich insisted that it was too late to prevent a doomsday apocalypse resulting from overpopulation. Resource shortages would cause hundreds of millions of starvation deaths within a…
MY NIECE WAS THREE at the time. A trip to the historical mansion, Ripponlea, seemed like a great way to share this sparkling Spring day. Hand in hand, arms swinging, we ventured through the ornate metal entrance gate. A majestic peacock turned to face us, looked my niece directly in the eye, and I imperceptibly…
WILLIAM JAMES’S LIFE sucked. As a child, he faced debilitating health issues – constant vomiting, blindness in one eye and hideous back spasms. His siblings were brilliant goody-two-shoes-show-offs, and all William could do is look at them with envy. William’s Dad, through his connections, managed to get him into Harvard Medical School. William HATED it.…
I’D JUST FINISHED presenting. A roar of applause. I glided towards the edge of the stage to make my carefully timed exit. High heels. Professional. A new flowing dress. And then… on the first step down from the stage, I stumbled. Not a graceful little skip, like you see in the soap operas. No, no,…
Self-awareness is like great sex: everyone thinks they have a ton of it, but in reality no one knows what the fuck they’re doing. The fact is that the majority of our thoughts and actions are on autopilot. This isn’t necessarily a bad thing either. Our habits, routines, impulses, and reactions carry us through our lives…
Trying to be perfect is a waste of time. Many of us feel constant pressure to adapt perfectly to our environments, especially our workplaces. Don’t waste time, we’re told. Maximize the output of your moments. Minimize your energy expenditure. If you aren’t getting great, someone else is, so before you collapse into a heap of…
Much of modern economic theory is based around a simple idea: Human beings maximize utility. But what is utility? Many people think of it as happiness or pleasure; British philosopher Jeremy Bentham, the inventor of utilitarianism, conceived of it this way. But this isn’t how modern economists think of the concept. To an economist, utility simply means…
Bullshiters – Who Are They And What Do We Know About Their Lives from Trading Game Pty Ltd
This old chestnut has raised its head courtesy of this article that dropped into my LinkedIn feed. You can read the article at your leisure if you wish. The basic conclusion it comes to is that market timing as defined by picking the perfect day on which to invest is not worth the risk.The article…
When you begin to engage markets on any level you naturally bring with you a set of behaviours and expectations that have been developed over the life of your working career. First and foremost of these is the notion of getting paid, after all nobody does anything for free. The expectation of a salary being…
Mozart was a celestial genius, but he struggled like a mere mortal during his teens and early twenties. Though already a prolific composer, he had to work as an organist and concertmaster in his native Salzburg to make ends meet. Underpaid, unfulfilled, and hemmed in by his frustratingly average gigs, he felt a burning desire…
The central predicament of human life is that we neither possess completely free will, nor are we completely determined by external circumstances. We set and pursue goals, only to become waylaid by habits and distractions. Often we know the patterns in our lives that we would love to change–from overeating to taming our tempers–but still find ourselves falling into…
I used to think that those that ran hedge funds got rich because of their incredible returns. Then I heard about the 2 and 20 fee structure that most hedge funds charged. The typical hedge fund fee structure (historically) is 2% of assets under management and 20% of all positive returns. Therefore, if you gave…
A recent report found that 259 people died between 2011 and 2017 while stepping in front of the camera in often dangerous destinations. Our writer went deep on the psychology of selfies to figure out what’s behind our obsession with capturing extreme risk-taking. More here – Outside Online PS: I could be churlish and say…
In the debate over whether human beings should set off to other worlds beyond Earth, one of the most compelling cons is this: Our bodies don’t like it. Few people know this better than Scott Kelly, the NASA astronaut who spent nearly a year on the International Space Station from 2015 to 2016. Like other…
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