Hey, Bernie Sanders, Trade Isn't All Bad Noah Smith - Bloomberg View Insurance Fundamentals (Cont’d): Risk Aversion aka Concavity Albert Wenger - Continuations
“…like finding out that reading in low light can be bad for your eyes, & reacting by giving up books.”
Brilliant vs. Boring Planet Money (Podcast)
By definition you expect to pay more for insurance than you expect get out of it. Yet, people pay for it. Wenger explains how this is not a contradiction: “Without risk aversion insurance math fundamentally would not add up.”
The trouble with books Nick Szabo - Unenumerated
Warren Buffett vs. Hedge funds.
Here, Szabo argues that conditions around book publishing and distribution makes for little variety, and unnecessarily long documents. He calls it the “trouble with books”, and poses the internet as the solution. The “trouble with the internet” is noise. Publishers and editors used to be trusted gatekeepers, ensuring a certain level of quality. There is too much content to consume from the Internet firehose. How do we deal with content quality assurance and curation in the internet era? How do we pick what we read?