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The Rational Walk
Apple’s Dystopian iPad Video When Steve Jobs spoke about the intersection of liberal arts and technology, he did not envision...
a year ago
165
a year ago
When Steve Jobs spoke about the intersection of liberal arts and technology, he did not envision crushing symbols of art and culture.
Moneyness
Renovatio monetae This silver pfennig from the Archbishopric of Magdeburg (1152-1192) was subject to a policy of...
a year ago
20
a year ago
This silver pfennig from the Archbishopric of Magdeburg (1152-1192) was subject to a policy of renovatio monetae. Twice a year whoever held it had to bring it in to be changed for new coins at a rate of four old coins to three new coins. That suggests an annualized tax rate on...
Citation Needed
Issue 57 - I take deep breath and I get real high Changpeng Zhao's sentencing, FOIA requests reveal past FBI investigations into Coinbase, and the SEC...
a year ago
132
a year ago
Changpeng Zhao's sentencing, FOIA requests reveal past FBI investigations into Coinbase, and the SEC is on a Wells notice bender.
The Rational Walk
The Odyssey Homer's epic poem tells the story of how Odysseus struggled to return home after the Trojan War. It...
a year ago
154
a year ago
Homer's epic poem tells the story of how Odysseus struggled to return home after the Trojan War. It is one of the greatest stories in history.
Molson Hart's Blog -...
Investment Advice Which Stands the Test of Time There is investment advice in the book of Jewish religious law (the Talmud). It advises that you...
a year ago
24
a year ago
There is investment advice in the book of Jewish religious law (the Talmud). It advises that you keep 1/3rd of your wealth in business, 1/3rd in land, and 1/3rd in gold. It's genius. Why? First, it's simple. Second, business, and, to a lesser extent, land, (but not gold, usually)...
The Rational Walk
Berkshire Hathaway’s 2024 Q&A Session Warren Buffett answered over thirty questions in a five hour marathon session in the first annual...
a year ago
104
a year ago
Warren Buffett answered over thirty questions in a five hour marathon session in the first annual meeting after Charlie Munger's death.
Seeking Wisdom
Modeling Life: Linear Algebra This is the 4th post in my series summarizing the key takeaways from reading the book Modeling Life....
a year ago
130
a year ago
This is the 4th post in my series summarizing the key takeaways from reading the book Modeling Life. I recommend reading my previous posts first to gain a solid understanding on how to model dynamic systems. This post focuses on how linear algebra is employed in modeling dynamic...
Citation Needed
We can have a different web Many yearn for the “good old days” of the web. We could have those good old days back — or something...
a year ago
128
a year ago
Many yearn for the “good old days” of the web. We could have those good old days back — or something even better — and if anything, it would be easier now than it ever was.
balajis.com
Gil Duran Faked A Quote For the New Republic Then they stealth edited the piece. They knew they'd committed libel.
a year ago
Bits about Money
The business of wallets How digital wallets work, and how payment costs drive a lot of product decisions inside and around...
a year ago
118
a year ago
How digital wallets work, and how payment costs drive a lot of product decisions inside and around them.
Molson Hart's Blog -...
What happens if the US loses reserve currency status? A reserve currency is the currency that people all over the world prefer to store their savings...
a year ago
17
a year ago
A reserve currency is the currency that people all over the world prefer to store their savings in. Today that currency is the US dollar. From the Middle East, to Asia, to South America — Whether it's a family that needs to keep some money around just in case or a country, most...
The Rational Walk
The Dividend Signal Mature technology companies are establishing regular quarterly dividends. Is this a positive or...
a year ago
140
a year ago
Mature technology companies are establishing regular quarterly dividends. Is this a positive or negative development for shareholders?
Citation Needed
Issue 56 – What are you gonna do, arrest me? The Binance CEO's sentencing draws near, and prosecutors have been busy chasing down other crypto...
a year ago
157
a year ago
The Binance CEO's sentencing draws near, and prosecutors have been busy chasing down other crypto criminals. Also, lawmakers take another stab at stablecoin regulation.
Commoncog
The Limits of Operational Excellence An answer to a puzzle: why is that some businesses go down the Deming path, become data driven,...
a year ago
160
a year ago
An answer to a puzzle: why is that some businesses go down the Deming path, become data driven, achieve operational excellence, and die, and others acquire Process Power and win?
Seeking Wisdom
Modeling Life: Oscillation This is my 3rd post summarizing the key takeaways I got from reading the book Modeling Life. I...
a year ago
164
a year ago
This is my 3rd post summarizing the key takeaways I got from reading the book Modeling Life. I recommend reading my earlier posts first to get a good grounding on the foundations covered in the book. A system can exhibit three different types of behavior: equilibrium,...
Mazdak
ETFs vs. Mutual Funds : The Great Investment Debate For many investors, both seasoned and new, choosing between Exchange-Traded Funds (ETFs) and mutual...
a year ago
127
a year ago
For many investors, both seasoned and new, choosing between Exchange-Traded Funds (ETFs) and mutual funds can be a head-scratcher. Both offer diversification, professional management options, and access to a variety of asset classes. However, they differ significantly in how they...
The Rational Walk
Free Articles! A selection of fifteen formerly paywalled articles
a year ago
Citation Needed
AI isn't useless. But is it worth it? AI can be kind of useful, but I'm not sure that a "kind of useful" tool justifies the harm.
a year ago
Mazdak
Should You Rent or Buy a Home in Today's Market? In today's Canadian housing market, the age-old question of renting versus buying feels more...
a year ago
143
a year ago
In today's Canadian housing market, the age-old question of renting versus buying feels more pressing than ever. Soaring property values and rising interest rates have created a complex landscape, leaving many wondering: is homeownership still the golden ticket to building...
The Rational Walk
Paid Subscriptions The reasons behind my decision to discontinue paid subscriptions.
a year ago
Commoncog
The Secret at the Heart of Continuous Improvement Continuous Improvement sounds simple, even obvious. And yet there's a profound secret at its heart...
a year ago
129
a year ago
Continuous Improvement sounds simple, even obvious. And yet there's a profound secret at its heart that doesn't seem to get talked about.
Seeking Wisdom
Modeling Life: Equilibrium This is my 2nd post summarizing the key takeaways I got from reading the book Modeling Life. I...
a year ago
156
a year ago
This is my 2nd post summarizing the key takeaways I got from reading the book Modeling Life. I recommend reading my earlier post first to get a good grounding on the foundations covered in the book. A system can exhibit three different types of behavior: equilibrium, oscillation,...
Citation Needed
Issue 55 – Halving a bad time The bitcoin "halving" looms, and that may not be as good news as coiners hope. Also, Terra committed...
a year ago
127
a year ago
The bitcoin "halving" looms, and that may not be as good news as coiners hope. Also, Terra committed fraud and Uniswap got a Wells notice.
The Rational Walk
Progressive is Firing on All Cylinders Progressive resumed aggressive growth in the first quarter of 2024 while reporting a strong combined...
a year ago
Commoncog
Introducing Xmrit Some free software to create, modify, experiment with and share XmR charts. Unlock the ability to...
a year ago
136
a year ago
Some free software to create, modify, experiment with and share XmR charts. Unlock the ability to become more data driven today.
The Rational Walk
Berkshire Hathaway Annual Meeting Questions Berkshire Hathaway's 2024 annual meeting will be held in Omaha on May 4. This article includes five...
a year ago
114
a year ago
Berkshire Hathaway's 2024 annual meeting will be held in Omaha on May 4. This article includes five potential questions for the Q&A session.
Seeking Wisdom
Modeling Life: Foundations Herman Wouk was researching for a novel he planned to write about World War II. He interviewed...
a year ago
131
a year ago
Herman Wouk was researching for a novel he planned to write about World War II. He interviewed several physicists at Caltech who had worked on the bomb, including Richard Feynman. After the interview, Feynman asked Wouk if he knew Calculus. “No,” said Wouk. To which Feynman...
The Rational Walk
The Iliad Homer's epic poem has much to teach us about human nature if we first take the time to gain an...
a year ago
104
a year ago
Homer's epic poem has much to teach us about human nature if we first take the time to gain an understanding of Greek mythology.
Citation Needed
"The Monkey Fraud": An interview with Ryder Ripps An interview with Ryder Ripps, a defendant in the Yuga Labs v. Ripps case about Bored Ape Yacht Club...
a year ago
121
a year ago
An interview with Ryder Ripps, a defendant in the Yuga Labs v. Ripps case about Bored Ape Yacht Club trademark infringement and racism.
The Rational Walk
What I’ve Been Reading This post is a list of books that I read in the first quarter of 2024, most notably The Diary of...
a year ago
128
a year ago
This post is a list of books that I read in the first quarter of 2024, most notably The Diary of Anne Frank, Endurance, Crime and Punishment, and the Iliad.
Mazdak
The 4% Rule: A Guide to Retirement Withdrawals, Not a Golden Ticket For many approaching retirement, the question of "how much can I safely withdraw?" looms large....
a year ago
117
a year ago
For many approaching retirement, the question of "how much can I safely withdraw?" looms large. Enter the 4% rule, a popular guideline that suggests retirees can withdraw 4% of their retirement savings in the first year and adjust for inflation thereafter. But is it a guaranteed...
The Rational Walk
The Digest #196 Daniel Kahneman (1934 — 2024), Biglari Holdings, Classical education, Sports gambling, Ackman on...
a year ago
94
a year ago
Daniel Kahneman (1934 — 2024), Biglari Holdings, Classical education, Sports gambling, Ackman on Disney's proxy war, Lessons from Paul Graham, Dunbar's number
Citation Needed
Issue 54 – Cases continue Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two...
a year ago
133
a year ago
Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two other cases against crypto companies have survived motions to dismiss.
Mazdak
Canada's Housing Crisis: Is There a Way Out? Canada's housing market has become a national concern. Soaring prices have pushed homeownership out...
a year ago
119
a year ago
Canada's housing market has become a national concern. Soaring prices have pushed homeownership out of reach for many, and even renters struggle to find affordable options. The pandemic exacerbated this pre-existing crisis, highlighting the urgent need for solutions. This article...
FIRE v London
Mar ’24: A towering influence I’ve enjoyed March. I managed to enjoy a few days’ skiing, despite less snow than any of us would...
a year ago
139
a year ago
I’ve enjoyed March. I managed to enjoy a few days’ skiing, despite less snow than any of us would like, in the Austrian alps. Back at home, the sun has been getting stronger, and the evenings have been getting lighter – and now with Summer Time we will enjoy lovely late evenings...
The Rational Walk
Poor Charlie’s Almanack My thoughts on the new edition with a focus on inconsistency avoidance, one of the twenty-five...
a year ago
127
a year ago
My thoughts on the new edition with a focus on inconsistency avoidance, one of the twenty-five psychological tendencies that can cause human misjudgment.
Bits about Money
Anatomy of a credit card rewards program Credit card rewards are mostly funded out of interchange, a fee paid by businesses to accept cards.
a year ago
balajis.com
All It Takes Is All You Got Your assets are the government's collateral.
a year ago
Citation Needed
25 years for Sam Bankman-Fried "The judgment has to adequately reflect the seriousness of the crime, and this was a very serious...
a year ago
The Rational Walk
The Digest #195 BHE Investor Conference, United States vs. Apple, Ajit Jain interview, Flaws in medical studies,...
a year ago
110
a year ago
BHE Investor Conference, United States vs. Apple, Ajit Jain interview, Flaws in medical studies, Pursuing happiness, Mitsubishi Corporation, Robert Cialdini interview
Commoncog
Making Sense of Deming A comprehensive summary of W. Edwards Deming's ideas, whose System of Profound Knowledge is one of...
a year ago
126
a year ago
A comprehensive summary of W. Edwards Deming's ideas, whose System of Profound Knowledge is one of the most powerful things you'll find on the Operations side of the business expertise triad. Read this, so you don't have to read multiple books to apply his ideas.
Citation Needed
Sam Bankman-Fried wants only six years for his "victimless" crime Sam Bankman-Fried maintains that his crimes were victimless and resulted in zero losses, and...
a year ago
128
a year ago
Sam Bankman-Fried maintains that his crimes were victimless and resulted in zero losses, and therefore warrant only six years of imprisonment. Prosecutors argue that 40–50 years are justified.
The Rational Walk
Improving Disclosure for Public Companies The Securities and Exchange Commission could improve disclosure and transparency by implementing...
a year ago
101
a year ago
The Securities and Exchange Commission could improve disclosure and transparency by implementing three simple proposals.
Mazdak
Capital Gains Tax on the Sale of Property in Canada: A Comprehensive Guide Selling a property can be a significant financial event, and understanding the tax implications is...
a year ago
126
a year ago
Selling a property can be a significant financial event, and understanding the tax implications is crucial. This article delves into capital gains tax in Canada, explaining how it works, how it's calculated, and how to potentially reduce your tax burden.
Citation Needed
Issue 53 – Choose rich Euphoria has risen along with crypto prices, but nothing has changed from the last bubble.
a year ago
The Rational Walk
The Digest #193 Dynamic pricing, Greenback emissions, Berkshire Hathaway Energy, Working too hard, Ozempic's effect...
a year ago
131
a year ago
Dynamic pricing, Greenback emissions, Berkshire Hathaway Energy, Working too hard, Ozempic's effect on the brain, Race and cardiovascular disease, Inflation's effect on insurance pricing
Mazdak
Stock Buybacks: A Popular Yet Polarizing Practice Stock buybacks have become a prevalent practice in the financial world, but they also generate...
a year ago
98
a year ago
Stock buybacks have become a prevalent practice in the financial world, but they also generate significant debate. This article dives into the concept of buybacks, explores their motivations, and examines the arguments for and against them. What are Stock Buybacks?
Commoncog
Members Preview: An Easier Way to Create XmR Charts Early access to some software we've built to make XmR charts more accessible.
a year ago
The Rational Walk
Burlington Northern Santa Fe — 2023 Results Warren Buffett is concerned about the performance of Berkshire's railroad
a year ago
Mazdak
The Pros and Cons of Buying Real Estate Through a Corporation in Canada This article explores the advantages and disadvantages of using a corporation to purchase real...
a year ago
107
a year ago
This article explores the advantages and disadvantages of using a corporation to purchase real estate in Canada. It's important to note that this strategy is generally more complex and may not be suitable for everyone. When Owning Real Estate Personally Might Be Better