Also, all financial analysis. And more directly, D&D.
“By and large, whenever individual investors buy or sell a stock they buy and sell the wrong stocks and financial institutions benefit from these mistakes. The cost of having an ‘idea’ is nearly 4% for an individual investor. There is research showing that men have more of these ‘ideas’ than women do, so women are more successful investors than men (on average) because they churn their portfolios less. As Odean and Barber have observed, Individual trading is hazardous to people’s wealth.” — Quick Study: Daniel Kahneman on economic decision-making: Can we ever trust instinct? | The Economist
Cover art: The mile-high club | The Economist
+1
“The soulless careerists, though: they get where they are because social training doesn’t allow us to stop them. They depend upon our unwillingness to say “bad things” about people. But if you don’t, who will?” — Some Advice for Young People | The Awl
“Don’t get upset if your plans get scheduled by his assistant. Even though, it is dating 101 for a man to pick up the phone and call you for a date or in this day and age to text you for one, many Wall Street men are so reliant on their assistants that they prefer to have you on their schedule just like a business meeting. Do not take offense to this; this does not mean that he likes you all the less, it just means that he likes to be organized and efficient and his assistant helps him accomplish this.” —
How to Date a Wall Street Man - CNBC
Not the Onion
“A year ago, Ohio ranked 48th in job creation. We trailed only Michigan and California in lost jobs – Michigan, the home of the auto industry that was devastated, and California, of course, filled by a bunch of wackadoodles.” —
Ohio Gov. John Kasich, in his 2012 State of the State address. (via officialssay)
cc Caci
“The Justice Department now seems to be saying that prison rape accounted for the majority of all rapes committed in the US in 2008, likely making the United States the first country in the history of the world to count more rapes for men than for women.” —
“Fight Or Fuck” - The Dish | By Andrew Sullivan - The Daily Beast
Related: private prisons are a multi-billion dollar industry.
via Letters of Note: Rejection Letter to Gertrude Stein
Exactly how I felt whenever I tried (and ultimately failed) to read GS.
“Foreign policy is like hitting a baseball: if you fail 70 percent of the time, you go to the Hall of Fame.” — Not Fade Away: Against the Myth of American Decline - Brookings Institution
North Korea has announced that those using mobile phones during the one hundred day mourning period for Kim Jong Il will be punished as war criminals. Anyone caught using one during this time now has a variety of gulag options. The country’s 3G network was established in 2008 by the Egyptian telecommunications company Orascom. Most current estimates put the total number of users at the better part of a million, so surveillance has become an escalating challenge for the regime. Controlling the proliferation of cheap Chinese cell phones in North Korean black markets seems more or less impossible now. Their greatest fear comes from those in the border regions who can relay their signals from Chinese stations to expand coverage beyond the country’s borders, allowing them to talk to people in South Korea. Many assume now that North Korea cannot go back and they’re almost definitely correct. Public rage following the disastrous 2009 currency revaluation has already shown that there’s some kind of line which cannot be crossed. The underground, market economy of North Korea is a lifeline for everyone and is run by private entrepreneurs who rely on cell phones in a place where they can’t rely on electricity or transportation. As to the reason for the ban, one can presume it’s a preemptive measure to quell potential unrest, though somehow I don’t imagine it was portrayed that way.
Digital technology has been the greatest obstacle toward enforcing the isolation of North Korean society. Authorities used to shut down the electricity in a neighborhood, then enter each house with a VCR to see what tape was caught inside. They’ve struggled to maintain this tenacity, but rooting out anti-socialist elements isn’t what it used to be.
Personally, I think the most effective way to topple a totalitarian regime involves a few hundred cell towers and a few million air-dropped cell phones.
“At Trinity, only 2.4 percent of children from families with no previous connection to the school were admitted to kindergarten last year.” —
Scraping the $40,000 Ceiling at New York City Private Schools - NYTimes.com
Ugly, ugly statistic.
[video]
Ron Howard gives an update on new Arrested Development. -
What is the status of Arrested Development? Do you have any idea when you might actually film that, and are you excited that it’s finally going to happen?
HOWARD: There’s not a specific start date, but Mitch Hurwitz is definitely working to quickly get it all underway. I don’t want to burden him with any release dates, but I know he’s well underway and it’s something he’s been thinking about a lot, over the previous year. It’s a huge challenge ‘cause we’re talking about 10 episodes, or almost character studies, individually featuring various characters from the Bluth family and showing where they are now and updating audiences, as we build to what we eventually expect and hope will be a movie. So, we need to re-acclimate everybody, and I think he’s got some hilarious idea about where these characters are in the world now, four or five years later, what they’ve been up to, what their frame of mind is now, and how they relate to each other. It’s pretty hilarious, outrageous stuff. Mitch is really enjoying delving back into the Bluth family.
“But, maybe what the Apple earnings tell us is not that we need the next Steve Jobs but that there are potentially 1,000s of the next Steve Jobs already among us in need of the next Tim Cook.” —
BRYCE DOT VC: A Thought on The Next Steve Jobs
This.
Well played, FoxNews.