- Craig Coben for the FT: SpaceX and the myth of independent Wall St research.
On my first encounter with Wall Street analysts I also wondered what they were for. Here is Coben’s take:
It is possible some retail investors may follow the research ratings, but in my experience the audience that matters most is the company itself. Management teams appreciate reports seeing their narrative endorsed in a report carrying the logo of a major bank. Flattery takes you a long way in finance, as it does in life.
And in turn management teams may, if the analysis reflects what they believe is the true and right way to talk about the company, prioritize that particular bank to be on the left side, or the upper right corner, or the bottom third paragraph of the second-to-last-page, of the term sheet. And if you have no idea what that last part was supposed to mean, I envy you, truly.
- Gideo Rachman, also for the FT: My journey down the rabbit hole at the Conspiracy World Cup.
One of my earliest memories of conspiratorial thinking was when I was in 7th grade and flunked a state-wide English language competition. [Note: Worry not, I returned the following year and won 1st place, which was ultimately worth diddly squat except for bragging rights. Oh, and some family lore, for my now-wife’s best friend placed second and apparently told her stories about me. ] Upon return to school, a certain teacher who was generally decent huddled with me and asked me for “the scoop”, meaning for the shenanigans that must have went on for me not to get an awarded. The scoop was that I spent the night before playing something — from the years when it went on the most likely culprit is Quest for Glory: Shadows of Darkness — though of course that’s not what I told him. Which is to say, when Alfie Haaland, the father of Norway’s star centre-forward, Erling, had sarcastically congratulated the referee on England’s victory, I knew exactly where he was coming from.
- Corey Doctorow: Deranged billionaires and their syndromes.
Good to see that Tyler Cowen’s verbal tick caught Doctorow’s attention:
Today, these Renfields clutch their pearls at the “demonization” of the ultra-rich, calling it “billionaire derangement syndrome.” But the only “billionaire derangement syndrome” that matters is the syndrome that affects billionaires and convinces them that they are above any discipline or rules.
Oh snap.
- Matt Webb: Frozen 2 should be rated R.
On how movie stakes have become too high. I agree! Where are this generation’s Harold & Kumar?
- Ernie Smith: The Terminus.
On the beginnings and endings of interstate highways. This has been on my mind recently, as I drive up I-25 past the exits to I-70, thinking that, hey, I know exactly where I-70 starts (or ends?): right on the I-695 Baltimore beltway. And to think it goes straight this far out west… Well, except for that little infamous break in Pennsylvania.
- Aidan Walker: vultures feeding their young.
“If you literally educate children, care for patients, clean up the environment, or do something like that, you aren’t a looter — but your boss probably is, your boss’s boss definitely is, and you’re part of a dying breed.” No notes there.
Going straight to the quote:
In reality, any program to intentionally add nutrients to nutrient-deprived oceans would be considerably less dangerous than any of these natural analogs. Fires, volcanoes, icebergs and vents just dump crap into the ocean willy-nilly, with no plan, no environmental monitoring, no environmental impact assessment, nothing. Nature does this in precisely the kind of blind, reckless, unthinking way that skeptics fear in people, and even then there’s no evidence of harm.
Let spotting the cognitive error here be an exercise for the Reader.
- Simon Park: Reviving a 15-year-old netbook with Arch Linux.
Hey, I had that exact model back in 2008 and the little guy traveled the world with me back then, from Barcelona and Naples to Bangkok and Kho Samui. Not proud of the fact, but that 1024x600 pixel WSVGA screen is where I first saw Season 4 of The Wire. I even took it with me to the US, so it’s been on as many continents as I have. And wouldn’t you know it, I kept it through all these years, hoping for a good opportunity to resuscitate it. Which is to say: I know what I’m doing this weekend!