Sublime
An inspiration engine for ideas
JP Morgan asset manager Bill Eigen absolutely kills it on inflation.
He suggests maybe we are at the neutral rate on bonds right now?
He just nails it all period.
I guess that’s why he runs $20 billion.
Well worth watching👇 https://t.co/w9GFd0NzvX
QE Infinityx.com
Living, and thinking about it: two perspectives on life
The text explores two perspectives on well-being: the experiencing self and the remembering self, highlighting their differences, implications for measuring happiness, and the challenges in comparing well-being across cultures.
kahneman.scholar.princeton.eduRestrictive assumptions such as ‘rational expectations’ (Lucas 1976; Muth 1961), representative rational agent modelling, probability theory, and stochastic modelling fail to support understanding as in a crisis we face the uncertainty described by Frank Knight (Knight 1921). Arguably, this is one of the key challenges that Keynes (1936) addressed
... See moreRichard Simmons, Paolo Dini, Nigel Culkin • Crisis and the Role of Money in the Real and Financial EconomiesAn Innovative Approach to Monetary Stimulus
Interesting peice on “Jane Street’s sneaky retention tactic”.
The quant hedge fund — which did $21B in revenue in 2024 — has employees work with an obscure coding language called OCaml.
Developed by French academics, OCaml has a steep learning curve but “maximizes” productivity for its trade... See more
Some of the most important for me were Charley Ellis’s great article “The Loser’s Game” (The Financial Analysts Journal, July-August 1975), A Short History of Financial Euphoria, by John Kenneth Galbraith (New York: Viking, 1990) and Nassim Nicholas Taleb’s Fooled by Randomness (New York: Texere, 2001). Each did a great deal to shape my thinking.
Howard Marks, Paul Johnson • The Most Important Thing Illuminated
Friendly reminder: anyone who owns Bitcoin or Gold should have read this 1967 essay by Alan Greenspan. It's short.
It is the original orange-pill.
Wild that he became Fed chair a couple decades later.
https://t.co/rO9CdFuxGn
Erik Voorheesx.com