What Net Worth Puts You in the American Upper, Middle, & Lower Class? - New Trader U
When Americans discuss social class, the conversation often centers on income—how much you earn each year. However, net worth tells a far more complete story
Small digital frictions can slow the spread of misinformation
New research from the University of Copenhagen points to a simple yet effective method for combating misinformation on social media: make it slightly harder to share content.
When it goes well, cultural evolution works like biological evolution: the strongest things survive, while flaws, weaknesses, and superfluities disappear. Unfortunately, the progression of culture doesn’t follow such a linear arc. Sometimes the societal pendulum swings simply because of boredom; technological innovations push current practices into obsolescence before we’ve considered what might be lost without […]
Plato’s Defense of the Humanities - 3 Quarks Daily
by Scott SamuelsonI was a freshman in college when I first read Plato’s Apology, his version of the event that probably made the biggest mark on him: his
Confidence Game The Great Financial Crisis was a crisis of confidence. Due undisciplined lending and risk modeling disconnected from fundamentals, financial firms had lost trust in counterparties. They didn’t believe that partners in the ecosystem were “good for it”, resulting in margin calls and
I left the election season and didn’t send this newsletter for a few weeks. Mostly because I was fiddling with the tool to send it with, was traveling and...