Our problem is not that we don’t have enough stuff — it’s that we don’t have enough ways for people to work and prove that they deserve this stuff.
Why S. & P.‘s Ratings Are Substandard and Porous. Fascinating read from Nate Silver about the S. & P. and the ways in which it’s broken as a means of investment guidance.
As we’ve made it easier for ideas to spread digitally, we’ve actually amplified the gap between free and paid. It turns out that there’s a huge cohort that’s just not going to pay for anything if they can possibly avoid it.
Attention Economy. “If everyone has everyone’s attention the value of attention is nullified.” This is why we should save, invest, and be conscientious of the attention we give things.
Recession and homelessness: Et in Arcadia ego. Unemployment and poverty rates are rising the fastest in some unlikely places. It’s no longer cities like Detroit that are facing the largest jumps in unemployment.
Back to the Future. Peter Thiel believes education is the next bubble to pop and that college serves as a way to defer thinking about your life.
You’ll want Instapaper for the full article, but this comes from a lengthy piece about the economy, globalization, and market trends at The Hoover Institute.
Those investors who limit themselves to what seems normal and reasonable in light of human history are unprepared for the age of miracle and wonder in which they now find themselves. The twentieth century was great and terrible, and the twenty-first century promises to be far greater and more terrible. Classic investment strategies no longer work in a world where ordinary economic cycles are broken.
Seriously, go read the full article, it’s worth it.