WHO AMONG US has not felt the affront? Macadamia nuts arrive in a bag, not on a dish, and something shrivels in the soul. Are we animals? Did we execute the challenging task of being born insanely wealthy only to eat in-flight snacks from a bag? We did not. And that is why, when Korean…Details
But I’m not primarily interested in the main story. Instead, I’m struck by a line of testimony offered at trial by then-Bear CEO Jimmy Cayne that does not even show up in subsequent court opinions, despite extensive recitals of the facts of the case. The generally “cocksure” Cayne apparently thought that his firm could be in…Details
Last year (been waiting a few days to say that) I wrote about the lies we tell ourselves in order to successfully navigate our lives. Unfortunately, the propensity we have towards delusion means that we are also subject to the delusions of others. My guess is that this is part of the the in-built crowd…Details
Occasionally you come across someone who is so clueless about probability as to leave you dumbfounded.
We all lie to ourselves – it is part of the human condition. Sometimes the lies are a simple mechanism design to protect our ego’s. Sometimes they are to create a more palatable or interesting narrative about our lives ala Walter Mitty. Occasionally they are designed to protect our psyche during turbulent moments when we…Details
The world economy explained with just two cows
Currently the media is awash for predictions for next year, some are optimistic, some are pessimistic and all are bullshit. The world would be a lot better off if idiots in financial markets who thought they could predict the future would just spontaneously self combust and leave the rest of us grown ups alone. So…Details