You should use models, but you should always remember that they’re models, and always beware of conclusions that depend too much on the simplifying assumptions.
Category Archives: Thought for the Day
Thought for the Day: 23 March 2014
The release of the latest Forbes 400 List of Americans is, once again, being billed as a triumph of self-made wealth.
Bill Gates, Warren Buffett and Larry Ellison – all self-made – topped the list, once again. And Forbes heralds that fact that “a record 70% of the Forbes listers are self-made.”
Yet their announcement obscures the fact that half of the top 10 on the Forbes list have inherited all or some of their wealth, making America’s billboard chart of opportunity look increasingly like the the lucky sperm club.
Thought for the Day: 21 March 2014
All of us need to be smarter consumers of the news. Ask the questions of the news hosts that they are not asking of themselves before you believe what they say.
Thought for the Day: 15 March 2014

Thought for the Day: 14 March 2014
Happy Pi Day!
(If you didn’t share Pi Day wishes with your friends and family last night you have another opportunity shortly before 2:00 this afternoon.)
Thought for the Day: 5 March 2014
Wages as a share of gross domestic product (GDP):
Multiply the numbers on the y-axis by 100 to get percentage of GDP which comes from wages.
Thought for the Day: 4 March 2014
Things happen in a democracy because we either make them happen, or because we allow them to happen. There is no third alternative.
Thoughts for the Day: 3 March 2014
If we really want to get Putin, why don’t we just subsidize sales of natural gas to Europe? 🙂
Hey China, you could probably grab the Russian Far East right now and no one could do anything. Hee hee hee.
Thought for the Day: 20 February 2014
I’m glad I’m not a member of the Russian men’s hockey team.
Thought for the Day: 17 February 2014
Marketing is designed to discourage critical thinking.
