Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at the prospects for psychedelics to take the path marijuana did toward legalization.
Quote of the Day
"The market is endlessly interesting to me, in the illustrations it gives of indeterminacy and uncertainty, of the limitations of predictions based on past regularities, of the strange layers of abstraction our species has added to its transformation of the natural environment. The market has this peculiar quality of being both an obvious illusion and the most real thing there is."(Justin E. H. Smith)