Secret Fortress When I was a kid a couple of friends of mine and I were playing around this park near our house and we found this underground fort. Somebody had dug a relatively big holder was the size of a very very small room. They had dug a shelf into one of the […]
Echo Bubble
Real Estate Research The other day I was watching a very interesting news report on what is called or what they were calling a echo bubble from the first housing bubble. If you look back in history at all the previous bubbles, the tulip bubble, the South Sea bubble, the Mississippi bubble, all of […]
Brainless Human Syndrome
Why Most Of Us Can’t Think Once upon a time a very timid fellow decides to take an ocean cruise. He was very worried, as he’d never been out on the ocean. After the first couple days, he felt brave enough to venture out on the deck. But as luck would have it, as soon […]
Supply and Demand
Secrets Of The Global Brain These two words, supply and demand, seem very simple. They are known and supposedly understood by virtually anybody. They are ubiquitous, and if you know the words, but are a bit sketchy on the concepts, then you will fully understand them by the end of this post. Despite their simplicity, […]
Tragedy Of The Commons
Why Are The Freeways So Crowded? This is a simple idea from economics that has far reaching ramifications. You’ll find it among roommates, farmers and even in the ocean. It’s called the “tragedy” of the commons because that’s how it always ends. Opposite of how everybody thinks it will end. Set Up Imagine you’ve […]
Time Preference Destruction
The Death Of Every Society In a recent post, we talked about the idea of time-preference. How it is the meta skill that is behind every other skill. How the lower your time-preference is, the more easily you can delay gratification. The more you can plan your future instead of living day to day. In […]