Thaler has a mischievous mind. At the same time that he was producing his math-heavy dissertation, he started asking people two questions. The first: How much would you pay to eliminate a mortality risk of 1 in 100,000? The second: How much would you have to be paid to accept a mortality risk of 1 in 100,000?…
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One of the great problems that traders of any size and ilk face is the notion of being taken seriously by friends, family and the community at large. Telling people you are a trader often conjures up all sorts of negativity, this process is not helped by the nonsense things that they read. This morning I…
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Someone had done very well for themselves. More here – The Verge
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I have always been a David Byrne fan. More here – StereoGum
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In late 1950 the Korean War appeared to be heading to what seemed to be an inevitable UN victory. The North Korean army had been shattered and UN forces had moved swiftly through North Korea and were sitting just south of the Yalu River, which marked the border with neighbouring China. In a spectacular failure…
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As a therapist, the number-one goal I hear from my patients is: “I just want to be happy.” I ask, “What would being happy mean to you?” The answers range from “Everything I wish for will happen” to “I will feel good all the time” to “I won’t ever feel sad or disappointed.” These patients…
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The current crop of mentorees have just finished the first half of their course and are waiting to start to the final three months. One of the new group penned this list of what he had lost courtesy of the program. The illusion of specialness – “Yep I was one on them. I thought things would…
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