I have to admit the amount of money some folks can go through in a very short period of time is quite amazing…. Over 60% of NBA players reportedly go broke within five years of retirement. Iverson, who retired from the NBA in 2010, fell right into that trap. In his heyday, Iverson had expensive…
……..It can be dangerous to rely too heavily on what experts call System 1 thinking—automatic judgments that stem from associations stored in memory—instead of logically working through the information that’s available. No doubt, System 1 is critical to survival. It’s what makes you swerve to avoid a car accident. But as the psychologist Daniel Kahneman…
The happiest man in the world is a 67-year-old Buddhist monk called Matthieu Ricard. He starts his day sitting in a meadow in front of his hermitage in Nepal. He watches hundreds of miles of Himalayan peaks glowing in front of him in the rising sun. The scene “blends naturally and seamlessly with the peace…
Have we reached peak green juice? The New York Times’ Brooks Barnes suggests as much in a recent story about what a haute-hippie refuge in California is bringing to an already over-saturated market: With every mini-mall, gas station and gym in Los Angeles now boasting a juice bar, or so it seems, the truly cutting-edge folks need to raise…
I was going to drop this into the email of the week category but it seemed to be more of a sook of the week sort of thing. Unfortunately, this one wasn’t sent to me so I had to read it over LB’s shoulder but its contents are more than worthy pf repeating. Our erstwhile correspondent stated that…
There is something in this for traders. Whenever, you start to see someone drop magic lines all over their charts you know that one of two things is true. They are struggling in the market and need emotional support or they simply dont know what they are doing. In the world of art, architecture, and design,…
I have mentioned this study briefly before but this is nice long form piece. This idea—that Wall Street takes in ambitious, hardworking young people and corrupts them—is the premise of a recent study, “Business Culture and Dishonesty in the Banking Industry,” by three economists at the University of Zurich. The researchers recruited 128 employees from…
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