Category: blog

The first thing that struck me after I got over my shock at being 10,000 miles from everything I knew was how foreign everyone was. New York was a polyglot city of immigrants.

If God had only had a committee of business writers to help him, I think he could have done a better job.

Capitalism depends on lending and borrowing, and hence on banks.

The hurricane edition of the NY Times contains an article about a new British TV show on the downside of immortality.

I have been reading a column in the Sydney Morning Herald by their Economics Writer Jessica Irvine.

I had thought globalization was a good idea.

Many economic tweets are arguments about statistics.

I said I would try to explain what I mean by sophisticated vulgarity in financial modeling, which I will do by imperfect analogy.

In the natural sciences, it pays to be ambitious and deep.

How do you restrain or punish corporations, collections of people that have some of the advantages of real people, but less of the disadvantages?

The world is complex and you lose a lot by insisting things you don’t understand already fit into the boxes you imagine you do.

If you are going to seek a career in quantitative finance, what’s your advantage?

Terrence Malick’s “The Tree of Life” is not a movie, it’s a multiverse, a meditation, a “Koyanisqaatsi” inspired by the Bible rather than by Buddhist texts.

Many articles about protecting your portfolio against “tail risk” lately.

I am perpetually amazed at the way people can/are allowed to reinvent themselves.

Spinoza regarded all emotions as derivatives of pain, pleasure and desire, just as all options are derivatives of equity, fixed income and credit.