Monthly Archives: June 2014

When Investment Costs Nothing

Larry Summers’ latest talk is hitting the blogosphere (here’s Tim Taylor and here’s John Cochrane). A quote from Summers’ talk that both Taylor and Cochrane highlighted is one that gets me to thinking, too: Ponder that the leading technological companies of this age—I think, for … Continue reading

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Michael Bay’s Playland

You can admire what he does without really enjoying it, and two hours and 46 minutes of pulverized architecture is a lot to endure. But in every Michael Bay movie there are at least a few moments of inspired, kinetic … Continue reading

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Actuaries Get a C+ For Professionalism?

That was the intentionally shocking opening remark from Sheila Kalkunte at the CAS course on professionalism I attended this week (one of the last hurdles to clear for my ACAS). Professionalism in this context means a lot of things but … Continue reading

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Insider Trading. It’s Big.

Now, a groundbreaking new study finally puts what we’ve instinctively thought into hard numbers — and the truth is worse than we imagined. A quarter of all public company deals may involve some kind of insider trading, according to the … Continue reading

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US Healthcare

I’ve blogged this in brief before, but I keep thinking about this: Another point worth making is that people die for other reasons than health. For example, people die because of car accidents and violent crime. A few years back, … Continue reading

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What is Value?

Reading Buffett ‘s latest letter, I liked this little passage on value (from his 2013 shareholder letter, page 18): Focus on the future productivity of the asset you are considering. If you don’t feel comfortable making a rough estimate of the … Continue reading

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