Prester John. wiki
The Arab Slave Trade. wiki
Madagascar axes land deal with Daewoo. BBC
Per Capita Income by state.
Leopold II of Belgium. wiki
Mobutu Sese Seko. wiki
The Rwandan Genocide. wiki
Onto the usual roundup of the usual things:
Want a tie for $15? You should know how to tie a tie.
Sentences to Ponder. MR. Including states, net fiscal expenditure for 2009 was close to zero.
Berkshire Hathaway's 2009 investor letter. Always worth for the read.
Great Read: MacFarquahar on Krugman in the current New Yorker. The Inverse Square Blog. Starts with the New Yorker profile of Krugman, ends with a meditation on the nature of science and knowledge.
The Social Responsibility of Business is to Increase its Profits. Milton Friedman's classic 1970 article in the New York Times Magazine.
Brief Diversion: oh hai!
Nine different economists on what caused the financial crisis. WSJ.
More Often Than Not, the Insiders Get It Right. NYTimes. Insider buying and selling is a good indication of how a company is doing.
Behavioral Portfolios. The Psy-Fi Blog. A further exploration of the portfolios that investors actually make. Worth quoting
So we have a situation where the analytical approach to investment is ignored by the masses in favour of bias driven intutition, but where the former often fails due to the biases of the latter causing unpredictable and extreme market behavior. The irony is that if more people invested analytically then the analytic models would fail less often. Of course, between these two stools lies the value opportunity, if you're knowledgable enough to take advantage of it.
5 papers from UoC about Measuring and Analyzing economic development in Africa.
What Michael Lewis Reads. also the source of our title today. Vanity Fair has a excerpt from his new book, which is good, as always.
The Federal Reserve's page for kids