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Pour yourself a mug of coffee, grab a seat by the window, and get ready for our longer-form weekend reads: • How New York and California Botched Marijuana Legalization : Steep taxes and heavy regulation are making it hard for licensed pot sellers to operate in some states, driving more producers and buyers to illegal outlets.
00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. We were one of the last to get what’s called a value added license to the compus stat database.
BRYANT: So money, unlike math, money is highly emotional. And so I remember Quincy told me, if you think you’re in the music business, and you don’t own music rights, publishing rights, licensing rights. I mean, there’s 50,000 kids in the Atlanta public school system, so you can do the math there.
If he had a pilot’s license, we’d suspend that. Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app TRIGGER WARNING: I’m going to do some sports math nerding-out this week. But he doesn’t.”
And I, and I really like the application of math and statistics and computer science to markets. Would you license these models to me? You learn the math that can help you with, with market making operations. It’s just not smart on a math basis to do that. And then what happened in, in 2008?
Talk to people who try and get licensed to do insurance things, or if there’s a failure to pay out a policy in the litigation that follows. MORGENSON: It stopped outperforming in like the mid-2000s or towards 2008. MORGENSON: Well, I’m very interested to hear you say it’s very robust on the state side.
And then people will feel licensed to say what they had shut up about. But we know, and this is what at least I wasn’t sufficiently alert to in 2008, that self-interested or malevolent types can use behavioral biases to manipulate people. Okay, and they are designed to help people deal with their cognitive limits.
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