Author argues that complexity will hit a break point and eventually bring down the whole system. I can’t really disagree with the assertion and I see no need for increased speed (lower latency) in the stock market whatsoever. Exchanges are for-profit institutions with HFT that largest customer. I believe HFT has reduced spreads but has also reduced liquidity, a simple one second cancel replace rule would solve many many problems IMHO.
The phenomena of bullshit jobs.
Profound article. Something I always suspected but could never articulate. Society is a strange place and so are humans. What is the proper response? Should we go back to hunter-gatherers? Deep stuff to contemplate…
The Man Who Was Treated for $17,000 Less
What a novel idea, competitive health care pricing! Shocking that it works, lol. So many of our most pressing issues have answers, unfortunately the political/social will doesn’t exist to implement the solutions. IMO
Interesting points made in this article, increasing benefits rather then wage. Corporate margins would come in, would hopefully reduce government spending. I think healthcare costs are artificially high due to regulation and government intervention in the first place. This would reduce cost of labor and do good things for the job market IMO..
Since government is not investing in innovation, who else will?
Cool idea, sure to be ruined by tourists. New York in 70-80’s did not have that problem.
This is very prevalent in the investment management business.
I’m not sure how I feel about tipping, I usually er on the side of too much, but isn’t the idea “above and beyond” service? I will say the taxi cab tip is really starting to annoy me. What do you tip?
LargeCapLinks 