Yesterday, the Nobel Prize winning mathematician and economist John Nash Jr. and his wife died in a taxi accident. From the NY Times obituary: Receiving his bachelor’s and master’s degrees at Carnegie, he arrived at Princeton in 1948, a time of great expectations, when American children still dreamed of growing up to be physicists like… Continue reading The Canonization of Dr. Nash
Category: Uncategorized
Defending the EMH
Continuing on my first post about the efficient market hypothesis (EMH), I believe in a semi-strong version of the hypothesis, which allows for some opportunities to make profit through a process called fundamental drift. It would seem that the EMH’s biggest opponent are from the ‘right’ of the political spectrum (zerOh3dge and Market Ticker type… Continue reading Defending the EMH
Feeling Left Out?
The feeling of being ‘left out’ is something that one normally assumes applies to children and teens – you outgrow it as an adult, but the question, Do you feel like you’re missing out?, that I posed on Hacker Network apparently touched a nerve, as evidenced by all the replies: It seems like with all… Continue reading Feeling Left Out?
Uncomfortable Truths
IMHO, one of the most pressing problems in society is this inviolable, pervasive discomfort surrounding the topic of IQ, in that educators, parents, and policy makers can’t come to grip with the reality that individuals below a certain threshold of intelligence are either less valuable to society (everyone is not equal) and or it would… Continue reading Uncomfortable Truths
Everything Keeps Going Up
Aren’t we supposed to be in a bubble, says the media? Why does it refuse to pop? Whether it’s stock prices, web 2.0 valuations, China, or Bay Area real estate, the unending post-2008 asset boom continues with no end in sight. Those web 2.0 valuations keep rising, especially for companies valued at over $1 billion… Continue reading Everything Keeps Going Up
Ignore the News, Part 2
Many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range for the federal funds rate had been satisfied, although they generally did not rule out this possibility. This big story from Business Insider, as shown above, is that a fed rate… Continue reading Ignore the News, Part 2
Evidence That America Is Not In Decline (long post)
Rumors of America’s decline have been exaggerated. Vox Day, in a recent post, writes: What we are witnessing is nothing less than the gradual demise of the biggest, wealthiest economy in world history. It is truly a privilege and an education to behold. It is rather like being able to witness the death of the… Continue reading Evidence That America Is Not In Decline (long post)
Good Tweets
If you cheer for catastrophe to happen so that you can implement your desired radical social and political change, you're doing it wrong. — Noah Smith (@Noahpinion) May 16, 2015 That seems to describe how the left wanted the 2008 financial problem to get worse in order to get Obama elected, who would user in… Continue reading Good Tweets
In Today’s Economy, It Seems Like IQ Is More Important Than Ever
As the S&P 500 notches yet another high (for the 6th year in a row and counting), it seems like IQ is becoming more important than ever in our post-2008 economy. People are falling behind because of low IQs, in an economy and free market that bestows great riches upon some and not a whole… Continue reading In Today’s Economy, It Seems Like IQ Is More Important Than Ever
The Pursuit of the Truth
By in large, Ivy League students are smarter in terms of IQ and SAT scores than students from no-name schools. As much as the left whines about cronyism and nepotism in the Ivy League, dull kids typically don’t get into those schools, period (although of course many smart kids don’t go to the Ivy League).… Continue reading The Pursuit of the Truth