2022 – Best of Week 13

2 min

When the Optimists are Too Pessimistic

This is why even the optimists can be too pessimistic. Because we are using linear thinking to imagine a geometric future. It just doesn’t work.

(6min _ OfDollarsAndData)

The Worst Run For Bonds Since 1980

Yes, bonds have gotten killed in the last three months, but this really needs to be put in context. A 5% negative total return over a three-month period isn’t fun, but that’s like a bad week for a stock index and a stormy afternoon for an individual stock.

If you’ve hated bonds for the last couple of years because rates have been so low, then the recent uptick in rates should be welcomed with open arms.

(7min _ TheIrrelevantInvestor)

„Death Wish“

If you have the “will and intention” to be a Managing Director by thirty five, any superior opportunity that flows in your direction that doesn’t support that fixed goal will get disregarded.

As a result, you risk achieving your limited goal, reaching a steep fitness peak, but with no idea what to do next. Be careful what you wish for.

(5min _ TheAttentionSpan)

How People Think

But so many behaviors are universal across generations and geographies. Circumstances change, but people’s reactions don’t. Technologies evolve, but insecurities, blind spots, and gullibility rarely does.

This article describes 17 of what I think are the most common and influential aspects of how people think.

(13min _ CollaborativeFund)

Bitcoin’s Lockstep March With Stocks Raises
Thorny Questions About Its Usefulness

The cryptocurrency hasn’t worked as the “digital gold” it was touted to be. Should
institutional investors even bother with it? (Part of the crypto column series.)

(11min _ InstitutionalInvestor)

Yes. I once wrote: „The difference between being an economist and being a physicist is that most economists have never really seen a successful model.“
Kind of long winded but anyhow — https://t.co/uDHMDMJveB

— Emanuel Derman (@EmanuelDerman) March 24, 2022

Can Information Escape a Black Hole? – The Joy of Why

Nothing escapes a black hole … or does it? In the 1970s, the physicist Stephen Hawking described a subtle process by which black holes can “evaporate,” with some particles evading gravitational oblivion. That phenomenon, now dubbed Hawking radiation, seems at odds with general relativity, and it raises an even weirder question: If particles can escape, do they preserve any information about the matter that was obliterated? Leonard Susskind, a physicist at Stanford University, found himself at odds with Hawking over the answer. In this episode, co-host Janna Levin speaks with Susskind about the “black hole war” that ensued and the powerful scientific lessons to be drawn from one of the most famous paradoxes in physics. Listen on Apple Podcasts, Spotify,  TuneIn or your favorite podcasting app, or you can stream it from Quanta.

1. Can Information Escape a Black Hole? 29:20
2. How Is Flocking Like Computing? 39:38
3. What Is Quantum Teleportation? 29:57
4. What Is the Nature of Time? 30:39
5. How Did Altruism Evolve? 34:18

„Great minds discuss ideas; average minds discuss events; small minds discuss people.“ _Eleanor Roosevelt