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Posts Tagged ‘Memes’

We all know the Golden Rule: do unto others as you would have them do unto you.  TED Prize Wish winner, Karen Armstrong, even laudably proposed that a Charter for Compassion based on the observation that all three Abrahamic traditions (Christianity, Judaism and Islam) have the Golden Rule at their core.

I do believe that if we all followed the Golden Rule as the basis for how we treat one another the world would be a better place.  But I also think there is a a more fundamental rule, call it the Diamond Rule, which is even better:

Treat others as you believe they would want you to treat them, if they knew everything that you did.

The difference is subtle, and may not practically speaking yield different action that often.  But when it does, the difference can be significant.

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Rafe Furst and I were discussing my predisposition for staying in the cheapest hotel within walking distance of the hotel I actually play poker in despite having the resources to pay for the more expensive properties. The money I save just stays in a fungible heap of other money and isn’t really earmarked for anything. (more…)

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Rafe, you are not the last person on Facebook to do 25 Random Things.  After your post, Jane browbeat me into finally putting my list together.

1) I can force my eyes into a disconjugate gaze–looking in slightly different directions.

2) My wife can also force her eyes into a disconjugate gaze.  This gives a whole new meaning to, “Love at first sight.” Our daughter inherited this superpower (among others).

3) I have large hands but can nevertheless fit my entire fist in my mouth. In fact, I held a record at my oral surgeon for largest mouth opening.

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1) I might be the last person on Facebook to do 25 Random Things, but I promised some people I would, and I take my promises seriously.

2) The more I learn, the less I feel that I know. But I am okay with that. Still it’s unsettling because I don’t think I’ll ever stop learning.

3) I care more about what people think of themselves than what they think of me.
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For those of who understand the power of self-fulfilling prophecy, there’s some good news on the foreign policy front.  The Obama administration (thanks to Hillary Clinton) will not be using the phrase “war on terror” anymore, as it is widely deemed to be “overly militaristic and perhaps counterproductive.”  Amen!

hat tip: Daniel Horowitz

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In Chasing the Dragon, I wondered aloud whether we could dampen boom-bust cycles in the financial system with an economic equivalent of a controlled burn.  Kevin suggested that “generic countercyclical policies” might work.  Underlying both mine and Kevin’s thinking is the idea that you can possibly do better (for the world as a whole) by (a) understanding the entire economic system better and (b) enacting policies which are in line with that understanding.  In contrast to these assumptions are a point of view articulated by one of the readers on a different thread:

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Kevin just posted about a great article by Felix Salmon in Wired.  I underlined three quotes in my reading of it:

  1. “Correlation trading has spread through the psyche of the financial markets like a highly infectious thought virus.” (Tavakoli)
  2. “…the real danger was created not because any given trader adopted it but because every trader did. In financial markets, everybody doing the same thing is the classic recipe for a bubble and inevitable bust.” (Salmon)
  3. “Co-association between securities is not measurable using correlation…. Anything that relies on correlation is charlatanism.” (Taleb)

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