Dusk: a blade of honey between our shadows, draining.
The fog lifts. And we see it. The horizon—suddenly gone. An aqua sheen leading to the hard drop. Clean and merciful—just like he wanted. Just like the fairy tales. The one where the book closes and turns to laughter in our laps. I pull the mast to full sail. He throws my name into the air. I watch …
Then, as if breathing, the sea swelled beneath us. If you must know anything, know that the hardest task is to live only once. That a woman on a sinking ship becomes a life raft—no matter how soft her skin. While I slept, he burned his last violin to keep my feet warm. He lay beside me and placed a…
Another fallacy in the lead-up to the financial crisis was the assumption that financial markets were so efficient that participants didn’t need to do the underlying work to figure out what the securities were actually worth. Because you could rely on the market to efficiently incorporate all avail…
But isn’t there a strong financial incentive to try to understand why you’re doing what you’re doing, whether it’s an algorithm or a human executing the trades? Otherwise it seems very easy to lose a lot of money.
Sure. But the market structure of investing dilutes that incentive.
The peo…
