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What Is A ‘Bank’? Amex Is Now.

Monday, November 10th, 2008

I just saw this article, and I realized that like many of our ordinary conceptions, the idea of a ‘bank’ has morphed significantly over the last few months: American Express to Become Bank Holding Company The Fed’s approval for American Express was similar to the decision it made in September to transform the country’s two [...]

On Language And Decision Making

Saturday, November 1st, 2008

Decision Making After a week of meeting new people in short spurts of mutual analysis (read: interviews), I am starting to realize that we suffer from an intractable problem: our decision making is only as good as our data and our data is necessarily limited. Whether this be in the context of making decisions about [...]

Observations on the markets and the world with realistic optimism