This first post is very very good, it explains the U.S. economy after WW2.
How This All Happened [The Collaborative Fund] – “This is a short story about what happened to the U.S. economy since the end of World War II.” It’s 5,000 very educational words and important to note that “this is an attempt to link the big events together, it leaves out all kinds of detail of what happened during this period. I’m likely to agree with anyone who points out what I’ve missed. My goal isn’t to describe every play; it’s to look at how one game influenced the next.”
The rich have always craved status symbols, from peerages to spaceships [Financial Times] – “Can class be bought? A spate of financial controversies involving the newly rich and the British royal family would suggest some still think so — and believe a cheque to charity or a loan write-off is a price worth paying for social elevation. Or just a wedding invitation.”
Why Winners Keep Winning [Of Dollars and Data] – “… King decided to publish his additional works under the pen name of Richard Bachman. Over the next few years, every book King published sold millions, while Richard Bachman remained relatively unknown. King was a legend. Bachman a nobody.” This post introduced me to the term “the Matthew effect,” which is something I’ve seen in a lot of areas. My takeaway is that if you’re experiencing the benefits of the Matthew effect, it’s time to go all in on it because you don’t know how long it’ll last.
The Mathematical Loophole that Broke the Lottery! Fun! It’s a lot of math, with some bad jokes, but it’s still interesting (at least to me). 🙂