Millennials want a lot more than everyone else — There’s been a somewhat ridiculous article going around saying that millennials think they need to make over $500K annually to feel happy. Granted, the question itself is pretty subjective: everyone has a different definition of what it means to feel happy — the more materialistic your definition of happiness, the…

It’s harder than you think — As advanced as machine learning algorithms have gotten, one thing that’s still hard to do is objectively measuring the quality of something like an article or picture. These days, it’s much easier to have an algorithm write a book then to have it judge whether a given book is objectively…

Bonds, cash, and no more inflation? — (Not intended to be investment advice, opinions are my own.) A new year is almost upon us. So now is as good a time as any to take a look at our portfolios and the investment landscape to make sure that we’re positioned optimally for the long run. Bonds and cash not trash A few…

Yes and it’s not healthy — I just got back from a trip to Europe (Switzerland and Italy). In both countries, I noticed that the pace of life, especially professionally, was noticeably slower in a good way, It made me wonder why we Americans work so hard. And is that the right way to go about…

Not sure I like the direction that things are going Medium’s distribution has some real issues. There was a lot of hubbub around the algorithm changes from a few months ago. But as with all the other big algorithm changes that it’s done over the past few years, the results seem both lackluster and still as confusing as ever. The…

And why that is bad for society and wealth inequality — I want to talk more about why real estate is so ungodly expensive these days as it’s a major problem that contributes to growing wealth inequality. And wealth inequality grows until the masses have had enough and demand either redistribution or revolution — so it would be foolish to keep…

Because the system is structured to benefit from higher home prices — Housing shortages and the associated price and rent appreciation will become a bigger and bigger problem in the years to come. But there’s very little incentive from policy makers to rectify this because of misaligned incentives. That’s because more supply and affordability by definition mean lower home prices and rents…

The Fed is willing to sacrifice the job market for lower inflation — Today’s episode of the The World In 2s is about wage growth or the lack thereof in inflation adjusted terms. Pic 1: Where’s the real wage growth?

M&A is pretty slow so far this year — Markets are hard to figure out these days. Certain areas (e.g. AI) definitely seem frothy. Yet amidst a surprisingly robust economy, there’s also anecdotal evidence that we’re not in a bubble just yet. The one I would point to today is the fact that M&A (mergers and acquisitions) volume thus…