Billions and Billions and Billions . . .
Billions and billions and billions and billions and billions and billions and billions and billions and billions and billions and...
How Big a Threat Do Terrorists Pose to Americans?
I recently got into a debate with Nasim Taleb about risk and fat tails. I am not sure if we are discussing the exact same thing — I...
Demographic Timebomb: Rapidly Aging Population
And now, for something totally un-Comey related: click for ginormous graphic Source: Visual Capitalist
What is the Thorniest Problem in Finance ?
Tackling the ‘Nastiest, Hardest Problem in Finance’ William Sharpe, creator of a model that measures risk and reward, turns...
How to Spot Bad Statistics
Polls that predict political candidates’ chances to two decimal places are a problem. But we shouldn’t count out stats...
Steady Wins the Investment Race
The 95 percent plunge in the shares of Valeant Pharmaceuticals International Inc. since mid-2015 obviously was a disaster for investors...
Consistency versus Hi-Performance Volatility
In today’s column (posted here shortly), we look at steady versus volatile performance. A few charts and tables didn’t make...
Mauboussin on Why Poker Explains Passive vs Active Management
Odd Lots: How Poker Explains the Battle Between Passive Investing and Active Management Source: Bloomberg
Algocracy: Rule or government by algorithm
Wordspy’s WOTD is Algocracy: I would suggest that Wall Street is much closer in its path to becoming an Algocracy...