Oct

30

Steve Stigler's new book Casanova's Library is a fascinating trip down the history of lotteries, history mathematics, of combinations, and utility theory. It also explains many of the hopes and failings of gamblers in our markets. well worth reading.

how can stocks go up at a much larger rate than corporate profits over time? the reason i think is that companies have developed the art of taking more emoluments from the government each year thru sneaking into more regulatory extracts.

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