Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Friday, December 16, 2016

Failure gives success its flavor


 

Failure is the condiment that gives its flavor. ~Truman Capote 
 
 
 
 
 

Warren

  




Tuesday, December 13, 2016

Quotes on Keeping it simple

“You were made and set here to give voice to this, your own astonishment.” 
— Annie Dillard

"A life that is vowed to simplicity, appropriate boldness, good humor, gratitude, unstinting work and play, and lots of walking brings us close to the actually existing world and its wholeness."
— Gary Snyder

But why shouldn't my work be hard? Almost everybody's work is hard. One is distracted by this notion that there is such a thing as inspiration, that it comes fast and easy. And some people are graced by that style. I'm not. So I have to work as hard as any stiff, to come up with my payload.”
— Leonard Cohen

“By believing passionately in something that still does not exist, we create it. The nonexistent is whatever we have not sufficiently desired.”
— Franz Kafka



Mathematical Concepts Investors Should Know

Photographer: by James Leynse/Corbis

Odd Lots: These Are the Mathematical Concepts Investors Should Know

Victor Haghani on the pros and cons of quantitative finance.
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Subscribe to the Bloomberg Odd Lots podcast (Pocket Casts) 
Subscribe to the Bloomberg Odd Lots podcast (iTunes)
Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

What's the optimum amount of money you should bet on a particular outcome? The answer is dictated by mathematics, yet plenty of people still go against the laws of numbers and probabilities when it comes to investing their money.

This week we speak with Victor Haghani, CEO of Elm Partners Management LLC and the co-founder of the collapsed hedge fund Long-Term Capital Management LP, about the most important mathematical concepts for investing. We also discuss the pros and cons of quantitatively-led finance.






Link: https://www.bloomberg.com/news/articles/2016-12-12/odd-lots-these-are-the-mathematical-concepts-investors-should-know