Category: Uncategorized

The power of projection

by uttering a single word “liar” at an inopportune moment, first Maureen Dowd, the well known mind reader, and now Jimmy Carter (who’s anti-Semitism has been well documented by Christopher Hitchens) have authoritatively detected racism in Joe Wilson. As if it is inconceivable for opposition to the Dear Leader could possibly be on policy grounds. […]

Speech checklist

Blame Bush? check Call republicans lying, scaremongering politically expedient hacks? check Then invite republicans to be reasonable and cooperate? check Use fuzzy unsupportable numbers?  check increase the partisanship? check have more other hands than an economist? check gloss over disconfirming facts (like CBO analysis)? check characterize opposition as haters and obstructionists and toadies to powerful […]

Traders roundtable: how does position sizing compare to diversification as a risk management tool?

In a recent traders roundtable discussion, our talk came around to a discussion of two different risk management tools: position sizing and portfolio diversification. The question became: which one of these strategies is more effective? The discussion led us to quickly reframe that question into one which said “how do both of these strategies, and […]

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