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

Truth is a Lost Game in Turkey. Don’t Let the Same Thing Happen to You

This refashioning of a post-truth, post-fact Turkey has not happened overnight. The process has involved the skilful and wilful manipulation of narratives. We gave up some time ago asking the astonished questions “How can they say or do that?” some time ago. Truth is a lost game in my country. In Europe and America, you still have time to rescue it – but you must learn from Turkey how easily it can be lost.

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We found, as you are now finding, that the new truth-building process does not require facts or the underpinning of agreed values. We were confronted – as you are being confronted – by a toxic vocabulary: “elite”, “experts”, “real people” and “alienated intellectuals”. The elite, with experts as mouthpieces of that oppressive elite, were portrayed as people detached from society, willing to suppress the needs, choices and beliefs of “real people”.

Events moved quickly. Those who believed experts should be excluded from the truth-building process, and that the facts were too boring to be bothered with, became the most active participants in a reconstruction of their own truth. The magic word was “respect”, with the demand that the elite, since they were so out of touch, should respect real people’s truth.

→ The Guardian

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

Does the left have a future?


No party can exist forever. Political traditions can decline, and then take on new forms; some simply become extinct. All that can be said with certainty is that if the left is to finally leave the 20th century, the process will have to start with the ideas and convictions that answer the challenges of a modernity it is only just starting to wake up to, let alone understand.

→ The Guardian

The Little Professor Syndrome

Edward Hopper

On the Asperger syndrome :

At first glance, this brightly decorated room is no different from that of any other elementary school. Shelves are filled with storybooks; on the chalkboard, a vertical line of words reads ”prudence,” ”pretzel,” ”prairie,” ”purple.” But the nervous agitation of the boys’ hands, punctuated by occasional odd flapping gestures, betrays the fact that something is off kilter. There is also a curious poster on one of the walls with a circle of human faces annotated with words like ”sad,” ”proud” and ”lonely.” When I ask Cacciabaudo about it, she explains that her students do not know how to read the basic expressions of the human face. Instead, they must learn them by rote.

→ The New York Times