Post. 3 Dec 2018.


Amanda Shires


Post. 3 Dec 2018.


Post. 30 Nov 2018.


Post. 30 Nov 2018.


“It’s as if the roll of each die were influenced by fluctuations in temperature, magnetic field, humidity, and such. Even if each die is affected differently by these fluctuating systematic forces, the systematic character of the fluctuation means that the average over many dice will itself fluctuate. In fact, the fluctuation of the dice average is just the sum of all the covariances of each die with every other die. That average fluctuation is systematic risk.”

Excerpt From

Fischer Black and the Revolutionary Idea of Finance

Post. 29 Nov 2018.


Post. 28 Nov 2018.



Post. 25 Nov 2018.


Post. 25 Nov 2018.


1. The Fifth Risk

2. The Men Who Would Be King

3. Bad Blood

4. Who is Michael Ovitz

5. Custer’s Trials

6. Steel Boat, Iron Hearts

7. Thinking in Bets

8. The Sampson Option

9. Mondo Agnelli

10. Fiat

11. Miles Davis: Bitches Brew

12. The Lucky Years

Books read in 2018.

Forgot one:

13. Reinhold Messner: My Life at the Limit.

Post. 24 Nov 2018.


Post. 23 November 2018.


If personal collectors increasingly outbid museums and galleries, so what (asks the film)? Public viewing facilities are cemeteries anyway: most of their aesthetic citizenry is buried underground. And aren’t personal collectors keeping art’s value high, where it should be? Or — back to Oscar — do we just mean art’s price?

The Price of Everything, film review, the FT Weekend