In 2008, Porsche was cruising. The luxury car manufacturer generated $13.5 BN in pre-tax profit, and sold a record 98,652 automobiles — a staggering $136K profit per car sold. Even for a luxury brand, the numbers seemed nearly impossible. Upon closer inspection, $11.5 billion dollars of that profit wasn’t from selling cars — it was from speculating on financial…
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“When I won this, my grandma, who lives in Fargo, North Dakota, wanted to see it. I was coming around so I decided I’d bring my Nobel Prize. You would think that carrying around a Nobel Prize would be uneventful, and it was uneventful, until I tried to leave Fargo with it, and went through…
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MOST PEOPLE ARE discomfited by radical change, and often for good reason. Both the first Industrial Revolution, starting in the late 18th century, and the second one, around 100 years later, had their victims who lost their jobs to Cartwright’s power loom and later to Edison’s electric lighting, Benz’s horseless carriage and countless other inventions…
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The current issue of Chance centres around the role of statistics in sport. Interesting if you are into that sort of thing – deadly dull if you are not.
The current awful situation with Ebola interests me not only from the perspective of a past professional life but also because of the profound idiocy that surrounds the disease. I had been looking around for a piece that encapsulates the actual facts about Ebola and as chance would have it a More or Less podcast…
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From Business Insider -Incredible Images Of Wall Street Trading Before The Bloomberg Terminal You will notice in the lower part of the ticker display there is an indication of how late the ticker was running. Before trading became fully computerized which took a lot longer than people thought the tick would always run late during…
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The Fields Medal for mathematics is the equivalent of the Nobel Prize and is awarded to mathematicians under 40. The prizes this year contained a young female mathematician whose work on abstract surfaces is beyond me. This raises the blunt question of why the fuck has it taken so long to give the prize to…
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I have been enjoying the 45th anniversary celebrations of the flight of Apollo 11. My favourite to date has been this piece by The Atlantic, simply because of the quality of the images. To view them in all their magnificence make certain you click the little 1280 px radio button above the first image.
James H. Simons likes to play against type. He is a billionaire star of mathematics and private investment who often wins praise for his financial gifts to scientific research and programs to get children hooked on math. But in his Manhattan office, high atop a Fifth Avenue building in the Flatiron district, he’s quick to tell…
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