We are so used to rapid progress in so many fields, especially in the communications devices and computers that we can hold in our hands and...
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Stock hedges, home insurance, and our misunderstanding of risk
"If you own stocks without a hedge, it's not rational." So says the world's most famous student of risk Nassim Nicholas Ta...
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The trouble with infrastructure
The trouble with infrastructure is that it breaks down and needs to be repaired, it wears out and needs to be replaced, and it gets destroye...
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Taking a short break - no post this week
An exceptionally heavy consulting and writing workload has forced me to take a short break from posting. I expect to post again on Sunday, M...
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