Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at political prediction markets.
Quote of the Day
"Volatility looks like a textbook example of Goodhart’s law. As more people weave it into their models, they change its nature in subtle but important ways."
(Robin Wigglesworth)
Business
- Some business lessons from Mark Leonard of Constellation Software fame. (25iq.com)
- Windows was the linchpin of Microsoft ($MSFT) for three decades. That is no longer the case. (stratechery.com)
- Capital is becoming privatized. What does that mean for the overall economy? (wsj.com)
- How the growing business of volatility trading blew up in February. (ft.com)
Learning
- On the difference between learning by analogy and being guided by first principles. (fs.blog)
- How an understanding of odds and chance can affect how you live, for the better. (nautil.us)
Longform
- How universities use (and abuse) fan loyalty for their own purposes. (deadspin.com)
- How a promising treatment for heart attacks and strokes got left by the wayside. (statnews.com)
- A closer look at the Jordan Peterson phenomenon. (politico.com)
- Talk about perverse incentives: dog rescue organizations are buying puppies at auction. (washingtonpost.com)
- Things would have been very different if the Chicago White Sox had built this ballpark. (cbssports.com)
- 40 comedies from the past 40 years that changed the way we talk. (washingtonpost.com)
