danm

Maybe it has changed, but last time I tried to use numbers it still didn’t support resolving circular references through iterative calculation.

Maybe a consumption tax with broad exemptions for necessary goods like food, clothing, shelter, etc would be a nice way of dealing with the issues people seem to have with others having wealth.

Billionaire heirs use the inheritance to buy a yacht, big tax bill, mostly use the inheritance to continue funding things that are generally good for society, smaller tax bill.

Just a friendly reminder that this figure is only true if you attribute the emissions from those companies customers back to those companies. It doesn’t make sense to me that my emissions should be attributed to Shell or Exxon, but to each their own.

But then, doesn't that mean everyone with coverage pays for it?Insurance pays for it, and everyone with coverage pays for these high costs through high premiums -- public healthcare in Canada doesn't pay for drugs, and even without insurance the cost of those drugs tends to be substantially cheaper, at least in the few scenarios I've been exposed to.

S&P Capital IQ -- http://www.capitaliq.com Depends on your definition of easy I suppose, but they have a superior fundamentals database.

Actually, I believe his point is that the probability distribution is from the Cauchy Distribution, where the mean, the variance, and the kurtosis are all undefined. In fact, you're providing an example of exactly what he writes about in believing that the tools being taught in "freshman econometrics" apply to the sort of randomness you encounter in the real world. Certainly Mandelbrot has had some things to say about this topic as well.

When basic financial tools and theories are based on assumptions that are Just Plain Wrong, it makes you question the gigantic stack that has been built on top of them.

It's easy enough to dismiss this stuff as worrying about edge cases, but these edge cases occur more often than the theory dictates, and unfortunately, people underestimate their impact.