When you hit a road block, you can either stop and come back to your task later or power through it. As a profligate procrastinator, the temptation to “come back to it later” is as dangerous as it is useful. I’m always on the prowl for a rule, something firm enough to make me push [...]
You don’t have to take just my word on it. Charlie Rose interviews Michael Lewis, David Boies, and Andrew Ross Sorkin about the SEC’s case against Goldman. They all agree that what Goldman did probably should be illegal, but that it might not be right now.
SEC Case Related Highlights:
I was reading an interview of the always entertaining Anthony Bourdain. When asked about the appeal of the simple foods, he responded:
It’s true of wine also. I respond to blunt objects more than a subtle wine. Rough neighborhood wines in Italy or Sardinia or Cotes du Rhone make me happier. Cruder, messier things where [...]
“Humans have some sort of hardwired sense of rightness, and stealing something that’s too much of a hassle to purchase legally feels okay to most people.”
via Scott Adams Blog: the creator of Dilbert, Wally, Catbert, the Pointy Haired Boss and all your favorite cubicle companions..
The government’s argument is that Goldman co-created a pool of investments designed to fail with a notable investor (John Paulson), and then misled their investors as to the quality of the pool. This argument sounds great in the court of public opinion, but in a real court it will fall flat.
Goldman disclosed all of [...]
An example of correlation, not causation:
A desire for smaller government is particularly evident since Barack Obama took office.
via Andrew Kohut: Americans Are More Skeptical of Washington Than Ever – WSJ.com.
Was Barack Obama’s election and subsequent behaivor the reason more Americans desire small government, or is that just the explanation the author wants [...]
Policy is about what would make society best (“best” being entirely subjective and open to argument). Politics is about who is in power and how they share power and the benefits that power brings. You can argue about policy all you want, but the team that plays better politics makes the policy. Politics can constrain [...]
Politicians and economists rail against business executives who profit off risky moves, collect big bonuses, and then leave the house to crumble on top of the next guy. One common solution is to have clawback provisions and other deffered compensation.
Reading this NYTimes article about how state governments are engaging in shady accounting to balance [...]
How far should we go to save people from themselves? From an atricle about UK alcoholism:
Politicians have proposed remedies ranging from minimum alcohol prices to bans on barroom promotions to wider use of shatterproof cups in places where broken pint glasses are frequently used as weapons.[Empahsis added]
via U.K. Reaches Its Limit on [...]
I couldn’t agree more:
I hate competing against other people directly, so I’d rather simply go around them.
via Your College is Not a Technical School | I Will Teach You To Be Rich.
If you haven’t read his blog yet, start now – its usually insightful and always entertaining.