Maturity

"The mark of the immature man is that he wants to die nobly for a cause, while the mark of a mature man is that he wants to live humbly for one."

- Wilheim Stekel

Pick your battles. Of the injustices I witness, I do not always speak out. I believe in the conscientious pursuit of goals with actions and words, not redundant exercises in vanity.

The naive believe themselves omnipotent, while the dying believe themselves impotent - they are the only ones exempt from thought in action.

If all stories were written like science fiction stories

story

This is a very interesting piece. It is a description of a typical plane flight, but with an emphasis on the technologies involved, much in the way science fiction typically does. It really highlights how science fiction can just be a style of writing, and not a genre in of itself. This point has previously been argued for Asimov's Bailey and Olivaw Robot series, which are detective novels written in the science fiction style.

Hedge Funds and Insider Trading

article

The NYT published an editorial today on how information available to hedge funds by virtue of their being involved with trading loan derivatives may effectively mean some kind of insider trading.

Insider trading is interesting because the definition of who is an insider has everything to do with game theory. On one hand, you want people to capitalize on information so that there is incentive to spread the information faster, resulting in higher efficiency. On the other hand, if few enough people know something to begin with, it becomes profitable to withhold that information and release it in a disruptive manner such as to reap maximum profit.