To Become a Better Investor, Think Like Darwin

On financial innovations — read derivatives and securitizations — and the need for more collaboration :

People respond to incentives, and so if we want to take on much bigger challenges, we need to collaborate across thousands and in some cases hundreds of thousands of people. How do you get 100,000 people to work together? It’s not that easy. In the old days, it was religion and before that it was simple fiat rules, tyranny. The Egyptians built some beautiful pyramids, but they did that with hundreds of thousands of slaves over decades. If we rule out slavery as a possible means of societal advances, there really isn’t any other choice. If we need 100,000 people to cure cancer, to deal with Alzheimer’s, to figure out fusion energy and climate change…I don’t know of any other way to do that other than financial markets: equity, debt, proper financing and proper payout of returns. I think that in many cases [finance] probably is the gating factor. That, to me, is the short answer to the question about why finance is so important.

→ Nautilus

Be Your Selves

The internet and social media don’t create new personalities; they allow people to express sides of themselves that social norms discourage in the “real world”.

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We may come to see face-to-face conversation as the social medium that most distorts our personalities. It requires us to speak even when we don’t know what to say and forces us to be pleasant or acquiescent when we would rather not.

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Social media have turned a species used to intimacy into performers. But these perfor­mances are not necessarily false. Person­ality is who we are in front of other people. The internet, which exposes our elastic personalities to larger and more diverse groups of people, reveals the upper and lower bounds of our capacity for empathy and cruelty, anxiety and confidence.

→ 1843 Magazine

The True Meaning Of Nostalgia

Nostalgia, to me, is not the emotion that follows a longing for something you lost, or for something you never had to begin with, or that never really existed at all. It’s not even, not really, the feeling that arises when you realize that you missed out on a chance to see something, to know someone, to be a part of some adventure or enterprise or milieu that will never come again. Nostalgia, most truly and most meaningfully, is the emotional experience—always momentary, always fragile—of having what you lost or never had, of seeing what you missed seeing, of meeting the people you missed knowing, of sipping coffee in the storied cafés that are now hot-yoga studios. It’s the feeling that overcomes you when some minor vanished beauty of the world is momentarily restored, whether summoned by art or by the accidental enchantment of a painted advertisement for Sen-Sen, say, or Bromo-Seltzer, hidden for decades, then suddenly revealed on a brick wall when a neighboring building is torn down. In that moment, you are connected; you have placed a phone call directly into the past and heard an answering voice.

Illustration : Eleni Kalorkoti

→ The New Yorker

The Secret Life of Time

For more than two thousand years, the world’s great minds have argued about the essence of time. Is it finite or infinite? Does it flow like a river or is it granular, proceeding in small bits, like sand trickling through an hourglass? And what is the present? Is now an indivisible instant, a line of vapor between the past and the future? Or is it an instant that can be measured—and, if so, how long is it? And what lies between the instants? “The instant, this strange nature, is something inserted between motion and rest, and it is in no time at all,” Plato remarked in the fourth century B.C.E. “But into it and from it what is moved changes to being at rest, and what is at rest to being moved.”

→ The New Yorker

Why You Can’t Help But Act Your Age

Most of us are slaves to our chronological age, behaving, as the saying goes, age-appropriately. For example, young people often take steps to recover from a minor injury, whereas someone in their 80s may accept the pain that comes with the injury and be less proactive in addressing the problem. “Many people, because of societal expectations, all too often say, ‘Well, what do you expect, as you get older you fall apart,’ ” says Langer. “So, they don’t do the things to make themselves better, and it becomes a self-fulfilling prophecy.”

It’s this perception of one’s age, or subjective age, that interests Antonio Terracciano, a psychologist and gerontologist at Florida State University College of Medicine. Horvath’s work shows that biological age is correlated with diseases. Can one say the same thing about subjective age?

→ Nautilus

The Voice in Your Head

Given that thoughts are a jumble of fragments and pieces, it occurred to me that a recorded transcript of those jumbled pieces actually might not be very illuminating. It might not even be intelligible. Meanwhile the (admittedly much more arduous) process of writing down my thoughts had been surprisingly enlightening. In one swoop, my brain was capable of detecting the patchy notions swirling in my mind, filling in their gaps to make them whole—that is, adding the stripes—and then evaluating them for their credibility and value, or lack thereof.

In other words, my own brain was a brain decoder. It required a lot more effort than merely using a digital recorder as I’d imagined, but it was also a whole lot more sophisticated—say, a trillion times more—than anything scientists have conceived of inventing.

→ Guernica Magazine

Kanye West Is A Human Being

Long life to The Outline, Joshua Topolsky’s new venture :

The pattern is by now familiar: a famous person makes a comment that inspires controversy and, in turn, sets off a public discussion about a number of serious issues. By the end, nothing is illuminated and someone has probably haphazardly apologized, publicly. It’s part of a broader flattening of the worlds of entertainment and news. In the online ecosystem where the two reside — more than 60 percent of adults in the US get their news on social media — everyone competes for attention by appealing to the same core emotions.

→ The Outline