One of the things I have noticed about travel is that being human is largely universal – that would seem to be an odd statement that touches on the banal. But the natural human instinct is to think that people who are not like us are different. The tendency is to split the world into…
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More here – Curbed – Los Angeles
It’s a cold, blue-sky morning in Windsor, in Sydney’s north-west, and 19-year-old Abby McLeod is in her favourite coffee house. In that mystifying way of the robustly young, she’s wearing just a thin, scoop-neck singlet under her parka as she sips a soy cappuccino. Abby is in the last term of a forensic science degree…
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Was just scrolling through some charts (something I dont normally do when travelling) and I noticed that since passing the $1T mark AMZN has lost almost 25% of its value. Which is something that has occurred in the past. Despite this it is still up 39% on a rolling yearly basis,about 320% on a five…
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The seven-story Don Quijote megastore in the Shibuya district of Tokyo is open 24 hours a day, but it’s hard to say when it’s rush hour, because there’s always a rush. A labyrinth of aisles leads to one soaring, psychedelic display after another presided over by cartoon mascots, including the mascot of Don Quijote itself: an…
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* Recent research suggests that a sedentary lifestyle–one without exercise–is more harmful to our health than smoking, diabetes, or high blood pressure. The lack of aerobic fitness is a larger risk factor for mortality than having many medical conditions that we regard as necessary to treat. * Poor posture, such as sitting hunched over a screen for…
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Hedge fund performance has declined precipitously since the 1990s as assets under management have exploded. The managers are not solely to blame. While alpha has withered, large institutional investors have piled into large hedge fund managers that are perceived to be safe — an industry transformation beautifully summarized by Blackstone Group: The original hedge fund clients,…
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Sports analogies often help us think about how we make investing decisions. Are there streaks in random data? Do past results affect future ones? And most importantly, if you know people have certain biases, what can you do to get a leg up? In this episode, hosts Dan Villalon and Gabe Feghali talk to AQR Principal and…
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