Substack Library

Glossary

Weighing the Tails

A lot of times, people don’t know what they want until you show it to them.

The Big Forces

So compelling is the evidence of our own eyes and ears, so swift is your mind to assume your own version of the story, that one of the hardest things in this world is to understand there’s another way of seeing things.

Notes on the Market Action

I talk to myself, as many of us do, for much of the day—admonishing myself (“Your fool!, Where did you leave your glasses?”), encouraging myself (“You can do it!”), complaining (“Why is that car in my lane?”), and, more rarely, congratulating myself (“It’s done!”).

Politics and Pricing

A declaration of war by Japan could not be reconciled with reason. I felt sure she would be ruined for a generation by such a plunge, and this proved true. But Governments and peoples do not always take rational decisions.

The Kamala Correction

Democracy is predicated on the belief that the majority makes better decisions than a ruling elite.

Immoral Markets

In the government quarter of Berlin during the course of 17 April, nobody really knew what to do except draft strong declarations combined with further threats of execution.

Behind Washington’s China Pivot

China’s splendid isolation nurtured a particular Chinese self-perception. Chinese elites grew accustomed to the notion that China was unique—not just ‘a great civilization’ among others, but civilization itself.

Party Logic

It seems to me the quality that makes any book, music paining worthwhile is life, just that. Books, music, painting are not life, can never be as full, rich, complex, surprising or beautiful, but the best of them can catch an echo of that, can turn you back to look out the window, go out the door aware that you’ve been enriched, that you have been in the company of something alive that has caused you to realize once again how astonishing life is, and you leave the book, gallery or concert hall with that illumination, which feels I’m going to say holy, by which I mean human raptness.

The Importance of Structural Give

In structural engineering, the term “give” refers to the ability of a material or structure to undergo deformation under load without failing. This can include bending, stretching, compressing, or otherwise changing shape in response to stress.

A Macroeconomic Internet “Bakery”

Oops…looks like I didn’t send out the link to the actual podcast. Sorry about that.