An Allocator’s Manifesto: Why is every single fund top quartile?

This naturally raises the question as to whether the dynamics and structure of cities and companies are the result of analogous optimization principles. What, if anything, is optimized in their multiple network systems? Are cities organized to maximize social interactions, or to optimize transport by minimizing mobility times, or are they ultimatel

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In his own fine post on baseball and optimization a couple of years back, Rob Horning cited Melissa Gregg who observed that “personal productivity is an epistemology without an ontology, a framework for knowing what to do in the absence of a guiding principle for doing it.”

Each took place at a time when conflicting demands on finite government resources were high, and rentiers wielded reduced political power.6 Currently we’re beginning to see the financial oppression in developed countries. In the United States, the United Kingdom, and Europe, governments have forced their social security funds to only buy government

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