A Working Narrative
The future of remote work after the pandemic ends has been a part of the zeitgeist for more than a year.
Now it IS the zeitgeist. It is also a narra…
Tag: Work
A Tiger Can’t Change Its Stripes
What do you get when you give a raccoon billions of dollars AND invisibility from regulators? Collusion and insider trading.
Hammers and Nails
When we talk about bias, we usually think about a political bias. But the world of 2021 now supports persistent idiosyncratic biases and frames throug…
The Problem with Brussels Sprouts
Some things are only palatable when they have been transformed into a cartoonish version of themselves. For financial professionals that raises a mora…
The Half-Happy Horror
The Half-Happy Horror is the realization that pursuit of multiple objectives can end up with a baby split in two.
At best we give lip service to sec…
A Modern Vocational Curriculum
So if you COULD prepare most Americans for their jobs and lives in less than a year, how WOULD you? Well, we took a shot at answering just that, and I…
Starry Eyes and Starry Skies
The student loan crisis is a Big Deal. And it is only a part of a Bigger Deal: the Myth of College.
This issue will be front-and-center in the upcom…
How to Live Safely in a Wall Street Universe
It's the most valuable lesson I've got for any smart, young coyote embarking on a career in the Mob or in Wall Street: never ask for a cut on an exist…
Good Luck!
Ben has already talked about the biggest and most important thing we can do in the face of the admissions bribery scandal.
But many remain convinced…
The Ministry of Rites and the Compassionate Man
"Oh, little Jimmy is going to 20-Years-Ago-This-Was-A-Second-Rate-University? I hear really good things about that school. Congratulations!"
"Thanks!…
In Praise of Work
The problem isn't that we derive too much of our worth and value from work. The problem is that our jobs are becoming increasingly abstracted from wor…
What Gang Aft Agley
We asset owners and allocators (rightfully) obsess about alignment, but too often that obsession becomes an outward one, motivated by our rights and e…
Oh, hell, Martha, go ahead and burn yourself if you want to.
I can't advise you on the Answers. I won't advise you on the Answers. But I will advise you on the Process. Because that's what we do for our fellow p…
O God, Make Me Humble
We have built industry standards around minimizing the appearance of risk. As a result, we now have an epidemic of ability-signaling, when what we rea…
We Were Soldiers Once … And Young
Two emails from soldiers, both asking questions that I can't answer alone. We need a pack.
Lehman and the Meta-Game of Trading
Everyone has their Lehman war stories. Everyone at least in their 30s, anyway. Here’s one of mine that was particularly formative for Epsilon Theory…
Controlling Your Cartoon: Nike and the Art of the Meme
The key to political and commercial success in a widening gyre? Controlling your own cartoon. In other words: if you don’t tell your own story, some…