Best Of The Web
“Watching how paint dries is not most people’s idea of fun. Nor is watching a sandpile grow, grain by grain. Or is it?
Scientists are not like most people. Some became quite intrigued by what happens to a sandpile as it grows. Their exploration led to break-through insights about stock market risk.
The bottom line: As a sandpile grows, all sort of sand “avalanches” take place, but it is impossible to predict how big or how often they occur. Sometimes a few grains roll down the slope, while occasionally a large avalanche carves a big section of the sandpile. The size and frequency of those avalanches, mathematically speaking, bear a notable resemblance to the size and frequency of earthquakes, solar flares, river floods, forest fires, and stock market returns. Intriguingly, all of them have defied attempts at prediction. The question is why.
One disconcerting aspect is that large avalanches, epic earthquakes or giant forest fires do not seem to be very special: They appear to be just less frequent, scaled-up versions of small ones. If this is true, then a stock market crash may not be special at all, but merely a larger-than-usual down day, and just as unpredictable. This would present a big challenge to traditional investment methods.”
JJ Best Of The Web
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"The Democrats eloquently speak the language of compassion, but they refrain from the patois of national interests and honor."
"The link between Zionism, anti-Semitism didn’t begin with Netanyahu; it also grew out of Zionism’s old need to seek allies anywhere they could be found."
"While it’s easy to see Hart’s predicament as a result of internet mob justice, that’s a drastic oversimplification... How each of 2018’s “shamed” figures reacted to their shaming also had a lot to do with the outcome of their situation."
"We in the media have a problem. Actually, it's a big problem for all of us. We have become addicted to the notion that, except for the top 1% or the top 10%, the incomes of most Americans have stagnated for decades."
"Explorest is just an app-shaped version of something tourists already do: flit from attraction to attraction to take the same photos they've already seen of Buckingham Palace, the Golden Gate Bridge or even Brussels' Peeing Boy."
"They always have rebuttals. They're not playing the same game. You're trying to win at chess but they're masters at Go."
"Everyone has a religion. It is, in fact, impossible not to have a religion if you are a human being. It’s in our genes and has expressed itself in every culture, in every age, including our own secularized husk of a society."
"That night, I got up the nerve to ask Paulina if I could follow her on Instagram. Miraculously, she said yes, shrugging as she walked up the stairs to her room. I grabbed my phone, and suddenly, there it was: Paulina’s life. "
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"If they embrace their Jewish roots, they can be accused of philo-Semitism... If they ignore it, they risk losing the understanding of the intricate and yes, intersectional, nature of the experience of their Latinx heritage in the Americas."